Thua Thien Hue – An Attractive Destination for Korean Investors

Setting up company in Vietnam

The Korea Chamber of Commerce and Industry – KCCI said that Vietnam in general, Thua Thien Hue in particular, is currently an attractive destination for Korean investors to come and set up business in Vietnam.

On November 2nd, the delegation of Thua Thien Hue province led by Chairman of the Provincial People’s Committee has met with the Korea Chamber of Commerce and Industry (KCCI).

At the meeting, the Chairman of the Provincial People’s Committee has introduced the overview of Thua Thien Hue to KCCI leaders. Accordingly, Thua Thien Hue is a center of culture, tourism, health, education, science and technology. Thua Thien Hue has a complete education system with 9 universities, Korean language departments, vocational schools; young population.

The province now has 6 industrial zones and 1 sea economic zone named Chan May Lang Co, developing in urban, tourism, industrial and seaport. Thua Thien Hue is developing infrastructure, training human resources to attract investors from Korea. Moreover, the province is upgrading and expanding airport in order to promote direct flights to Korea.

Thua Thien Hue has many cooperation with Korea in the fields of planning, healthcare, tourism and industry. Thua Thien Hue province also hopes to continue to strengthen cooperation with Korean enterprises in these fields.

On the side of KCCI, the cooperation between Korea and Vietnam, including Thua Thien Hue, is developing well. The Government and Korean businesses are very interested in Vietnam. Vietnam in general, Thua Thien Hue in particular is really an attractive destination for Korean investors. Korea has many experiences in building and processing water reservoirs. Korea is also researching water treatment systems in the lakes in Thua Thien Hue, especially in the Hue citadel. Hopefully, Korean businesses will continue to invest in Hue in the near future.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

Read More

Anam Electronics (Korea) Build 100-Million-Dollar Factory in Vietnam

Set-up factory in Vietnam

A large electronics manufacturer from Korea – Anam Electronics Vietnam has officially choose Dong Van IV industrial park to set up business in Vietnam.

After a period of researching investment locations in the North of Vietnam, Anam Electronics Vietnam decided to choose Dong Van IV industrial park as its investment location.

Accordingly, Anam Electronics Vietnam will invest in building a factory here with an area of 100,000 m2, investment capital is estimated at 100 million USD.

The signing ceremony of land lease contract in Dong Van IV industrial park was held between Viglacera Real Estate Company and Anam Electronics Vietnam.

Anam Electronics is a 100% Korean owned company specialized in producing high quality electronic audio products such as: amplifiers, digital receivers. The company mainly supplies products to leading audio manufacturers in Japan, USA such as Harman Kardon, Denon, Marantz, JBL, Yamaha…

Viglacera’s Dong Van IV industrial park has successfully attracted 10 investors, most of which are electronics businesses with nearly 40 hectares of land.

So far, Dong Van IV industrial park has been the destination of many domestic and foreign brands such as Masan Group, Sunjin, Jeio Vina, James Tech, Saki, Park Electronic Vina, Sunjin F & F Limited…

Dong Van IV industrial park is conveniently located, 50km from Hanoi, on Highway 38, which is easily accessible from the Ha Noi – Hai Phong expressway to Hai Phong port. Along with the policy mechanism to support the investors of Ha Nam province, Dong Van IV industrial park has received great attention from investors, and became the ideal choice for enterprises, especially FDI enterprises.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

Read More

New Investment Wave of Chinese Enterprises Through M&A

Buy a company in Vietnam

Chinese investors are promoting activities such as invest and set up business in Vietnam. In particular, they are increasing their presence in Vietnam through M&A activities, especially in the real estate sector.

Sharing with Chinese businesses attending the recent conference about opportunities to invest in Vietnam, Mr Chen De Hai – Consulate General of China in Ho Chi Minh City said that since 2016 until now, the investment capital of Chinese enterprises into Vietnam increased sharply, production capacity is expanding, and the number of large investment projects are increasing.

No specific information on where these projects are invested, but Mr. Chen De Hai said that the investment portfolio is quite diversified and the investment capital of many projects is not small. There are projects ranging from several hundred million to more than 2 billion USD and investment in areas such as thermal power, wind power, solar cell production, textiles, tire production…

According to data from the Foreign Investment Agency (Ministry of Planning and Investment), in 2017, China’s committed investment capital ranks 4th among countries and territories investing in Vietnam. This is a very new development because in the past few years, China has rarely been in the top 5 foreign investors with large amount of investment capital into Vietnam.

2017 also recorded many M&A transactions of Chinese enterprises with partners in Vietnam in the field of real estate.

However, there are indications showing that not only investment through M&A and focus only on real estate, but Chinese enterprises will increase investment in manufacturing in Vietnam.

It is known that the investment activities of enterprises in the field of textile, fiber and leather footwear are in the roadmap to adjust the industry policy of China and are encouraged to invest abroad.

Meanwhile, Chinese businesses want to invest in Vietnam to take advantage of tax incentives when exporting to the US market or European countries because Vietnam has signed many free trade agreements with these countries.

A demonstration of this move is that the Bank of China – Ho Chi Minh City Branch, and Shenzhen Securities Information Co., Ltd (under Shenzhen Stock Exchange) in December 2017 has signed a contract in order to promote the attraction of Chinese investment capital into Vietnam.

According to many analysts, China’s new wave of investment in such manufacturing sectors as steel, textiles, fiber, furniture…, is a story that can happen in the near future.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

Read More

Czech Republic Wants to Promote Investment Cooperation with Vietnam

Invest in real estate in Vietnam

The traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic have been constantly being promoted and promoted by the two countries’ people. Today Vietnam is still a familiar destination for Czech businesses to set up business in Vietnam.

At the Czech-Vietnamese Business Conference recently held in Hanoi, Deputy Minister of Industry and Trade of the Czech Republic – Mr Vladimir Bartl said that Vietnam is increasingly attracting investment from abroad, including the Czech Republic. The Czech Republic wishes to promote cooperation and investment between the two countries’ businesses in the areas such as environmental protection, mining technology, construction technology, chemicals, telecommunications, radar, industrial machinery and agriculture, especially biotechnology and nanotechnology.

On the Vietnamese side, the Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) said that the economic and trade development between the two countries is based on three main features.

First, in terms of bilateral relations, trade exchange between the two countries have a stable growth and strong development. The potential investment cooperation areas between the Czech Republic and Vietnam are agricultural products, textiles, machinery and equipment, hospital medical equipment, energy and information technology.

Second is multilateral relations, Vietnam is now an important gateway to trade in ASEAN, the market with over 600 million people. The Czech businesses will have to prepare investment plans, not only with the Vietnam market with more than 90 million consumers but also to deepen access to the ASEAN market.

Meanwhile, the Czech Republic is the gateway for goods to enter the European Union (EU). Especially when the EU – Vietnam Free Trade Agreement (EVFTA) comes into effect, it will facilitate Vietnamese products entering the European market.

Finally, the cooperation between Vietnam and the Czech Republic is always given priority by the business community and the two Governments. The sixth session of the Intergovernmental Committee of Vietnam – Czech Republic is taking place in Hanoi, with the presence of many businesses of the two countries, especially the presence of Mr Vladimir Bartl has demonstrated this special relationship.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

Read More

Resort Real Estate Segment Flourishes with New Projects

Invest in real estate in Vietnam

2016 is identified as a good year for the resort real estate segment with a series of new launching projects to attract the attention of both investors and consumers. In particular, the real estate projects located in the sea area are attractive to consumers who want to own a second home to serve the needs of pleasure. From the end of 2015, there were many resort real estate projects that are introduced to the market.

According to statistics, the sales volume of apartment and villa are very good, with 70-80% of the launched units were ordered. The amount of people interested in the projects and decide to buy is increasing, thanks to the incentive sales policy, profit commitments from investors, support for preferential interest loans from the cooperative banks with the investor and can use the house for free for a certain period.

Many wealthy families share that they would like to own a coastal apartment or villa because the demand for resort tourism is increasing sharply. Moreover, foreign investors see that resort real estate segment in Vietnam is rich in potential with many famous tourist resorts and long beautiful beaches. The loosening policy allows foreigners to buy and own real estate in Vietnam is also a positive move to promote the demand of many investors jumping into this playground although there are still many difficulties in policy implementation

Currently, many domestic enterprises began to invest into the resort real estate segment, which is an inevitable trend of the market. For about 10 recent years, resort real estate has been formed and attracted the attention of investors. Some domestic investors have experienced successfully in other segments also expanded into this segment. Most of the projects are in the luxury and high-end segments such as beach villa. On the other hand, according to experts, if we can build resort real estate products at a reasonable price, the liquidity will be very good.

Vietnam has the potential for tourism therefore resort real estate is a good investment channel. Investing in an area with great potential for tourism and large amount of passenger traffic would have faster payback than the places that tourism does not develop. At the present, Vietnam has a lot of large investors as Vingroup and Sungroup… are capable to invest in large-scale resort projects. At the same time, the market is also attracting a lot of foreign investors with good financial capability and ability to invest quickly.

Currently the coastal cities like Da Nang, Nha Trang and Phu Quoc are 3 hotspots in attracting capital investments in resort real estate segment. In terms of location, these coastal cities have the potential to attract investors the most because they are also the famous tourist destination that attracting millions of tourists each year.

2016 is the year of resort real estate segment. The projects in this segment stretch from the sea to the mountain and Sapa is a typical example. Many large investors as Vingroup or Sun Group have been implementing major investment projects here.

Only in 2015, Sa Pa tourism has welcomed nearly 2 million passengers, increased by 42.2% compared with 2014. Currently, the number of tourists visiting Sapa is large and has always had a tendency to increase. While the demand for luxury resort services continues to rise, the supply is limited. Hence, this is a good opportunity to develop the resort real estate segment in this dreamy mountain city.

Resort real estate has opportunity to develop rapidly thanks to the development in transport infrastructure such as airport, highway and cable car system… allowing the movement of tourists to be convenient and easy.

ANT Consulting assists clients with Market Entry, Legal Advice, Tax Advice and Outsourcing Services in Vietnam.

We are located in Hanoi, Da Nang and Ho Chi Minh City.

Talk to our consultants at +84 28 730 86 529 or email us ant@antconsult.vn

Read More