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Chinese enterprises to invest in Vietnam should pay attention to

2009/05/23 

Vietnam since the introduction of reform and opening up policy, has maintained political and social stability, international and good surrounding environment, sustained and steady economic development, foreign policy more lenient, and the investment environment continues to improve, market potential and a larger room for development, trade and investment opportunities. However, the application for foreign investment projects and production activities are often encountered in the course of this or that difficulties and problems. Main problems: First, a lack of transparency in policies to attract foreign investment. At present, Vietnam has a "foreign investment law" and its implementation details, they were introduced around a number of preferential policies to attract foreign investment. However, the lack of industry-specific policies and regulations, or provisions of these policies are not specific and not transparent enough. Second, cumbersome procedures for investment applications, windows and more. Inspection of foreign investment in Vietnam, often to the situation in many sectors consultation. For investment projects cumbersome application procedures, approval of a long cycle. Third, changing the import tariff policy. Vietnam's import tariff policy as the regular adjustment of its industrial policy or to protect the interests of its domestic enterprises and the changes affect the normal production and management. Fourth, the high fees. According to enterprises, enterprises applying for investment and production and management process, should be delivered in addition to various fees (this fee is not high), other additional charges phenomenon. Fifth, the Vietnamese textile enterprises in machinery and equipment, raw materials and garment accessories production depends mainly on imports from abroad. Sixth, during the peak period of electricity blackoutsoccurred from time to time.

In recent years, I carried out a number of Vietnamese enterprises to invest in the Vietnamese market due to the lack of foreign investment laws and regulations and related policies, investment and cooperation in the process of production and management experience in this or that problem, many difficulties to enterprises and economic loss. Therefore, suggested that I conduct business in more investment and cooperation should note the following: 1. A serious investigation and research and market study, to avoid blind investment. 2. Full understanding of Vietnam's foreign investment policy and investment environment and regulations. 3. As far as possible in order to set up wholly-owned investment in such manner, as with Vietnam to set up joint ventures, the Vietnamese side to deal with partners to conduct in-depth understanding and the search for reputable partners. 4. To strengthen the investment in risk prevention, in accordance with the provisions of domestic and foreign investment approval procedures permit. 5. Send strong, high quality, good foreign language (Vietnamese or English) to the operational staff to work more. 6. Pay attention to deal with local authorities and partners, as well as the relationship between the internal co-ordination. 7. To comply with the laws and regulations and the relevant provisions of law-abiding operators. 8. Do a good job in the production and operation management, establish a quality management concepts. 9. Maintain embassies abroad with my (business department) links Department to report regularly to the business enterprises and management of production and operation. Major problems to report promptly to the embassy.

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