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Thứ Hai, 22 tháng 5, 2017

Foreign Investors Affirm That Vietnam Is Their Only Destination

Vietnam has become a production center for large projects and billions of dollars contracts to produce high value products, along with many commitments from Vietnam Government have inspired the business community to set up company in Vietnam.
Surprised figure looking at the key Free Photo
According to representative of HSBC Vietnam, in the context of the world economy with a lot of political instability, Vietnam is emerging as a bright spot in the region with the advantage of competitive labor prices, stable political and macroeconomic. Many foreign investors have confirmed that they considered Vietnam as their only investment destination in the region and that they are still expecting to expand their investment in Vietnam.
Looking at Vietnam now is a country with rapid development plus the Government’s fierce policies and the waves of FDI into Vietnam have created great opportunities for both Vietnamese and foreign businesses.
A country can only develop sustainably when domestic enterprises also develop strongly and sustainably. In order to be able to develop and survive in the future, Vietnamese enterprises truly need to reform, improve their competitiveness, invest in technology for sustainable development, improve their management skills apply science and technology, actively participate in the supply chain of FDI enterprises. These are the problems if Vietnamese enterprises want to develop sustainably.
Finally, Vietnam has huge advantages compared with other countries in the region, based on low cost labor and the strong wave of FDI into Vietnam. This is the “golden opportunity” of Vietnam to be able to carry out reforms of the country. Investors are very hopeful that the Government will continue to reform to make Vietnam become a new tiger of Asia.

Thứ Năm, 18 tháng 5, 2017

Capital from China’s ‘Ring Road and Route’ Is Coming to Vietnam

 In response to the China Government’s initiative to build the 21stCentury Silk Road running across the Eurasian, the Chinese’s construction enterprises are actively coming to Vietnam.
Business background design Free Vector
Chairman of the Hong Kong Trade Development Council (HKTDC) Vincent HS Lo has just led a delegation of 40 investors and experts to visit Hanoi and Ho Chi Minh City. The delegation includes large domestic firms (including Hong Kong) in the fields of finance, consulting, architecture, energy, water and waste treatment, engineering and construction, law and accounting, transportation…
According to Mr Vincent HS Lo, the delegations have goal to invest in areas that specially focusing on the implementation of the “Ring Road and Route”, which is implemented by the Chinese government to develop the infrastructure of the area. Vietnam is determined locating in a critical position to invest in infrastructure, so that is the key to promote trade and commerce among nations.
The delegation also has meeting with Prime Minister Nguyen Xuan Phuc, Minister of Planning and Investment Nguyen Chi Dung, Deputy Minister of Transport Nguyen Hong Truong and leaders of Hanoi and Ho Chi Minh City. Along with that, they also have meetings with many Vietnamese businesses, including big names such as Van Thinh Phat Investment Group or Sunny World Real Estate Development Company.
According to Mr Johnson Choi – CEO of Sunwah Group, with a very flexible policy of the Government of Vietnam, he believes that investment in infrastructure in Vietnam is quite feasible in comparison with other countries in Asia. Together with many businesses introduced by the HKTDC, Sunwah will work with other partners to express special interest in the 1,000 km North-South Expressway project.
Also according to Mr Choi, the Vietnamese Government is showing their support to businesses as committed. Compared with other countries in the region, the liquidity of the Vietnamese currency is at a better level. Over the past twenty years, Chinese investors have moved overseas remittances to Hong Kong quite easily.
Chairman of HKTDC Mr Vincent HS Lo believes that businesses in Hong Kong and China will have strength on infrastructure investment and set-up company in Vietnam thanks to the abundant capital and good experience. Hong Kong is the financial center of the world, so it’s easy for them to raise funds from everywhere to invest. At the same time, they have experience in most services, from consulting to construction and operation.
According to Mr Vincent HS Lo, businesses in Hong Kong and China are open to the investment and cooperation models with Vietnamese enterprises. However, the Chinese are particularly interested in the form of PPP. At the same time, the joint venture model is also considered more than the 100% capital investment to take advantage of local market knowledge of Vietnamese enterprises.
On May 14th, Chinese President Xi Jinping hosted the “Ring Road and Route” forum, with nearly 30 leaders in the world. This is an action to promote the “Ring Road and Route” initiative, in order to revive the “Silk Road” connecting Asia and Europe. Accordingly, Credit Suisse Group forecasts that China could pour more than 500 billion USD into 62 countries over the next five years to implement plans to promote its soft power.

Thứ Ba, 16 tháng 5, 2017

CIPY Starts Construction 5.7 Million USD Factory in Phu Yen

Presently, more and more foreign investors choose to set up company in Vietnam and Coilcraft Corporation is not the exception. This is the first electronic components factory to be built in Phu Yen with capacity of 500 million pieces/year with the main products are RF chip inductors and electromagnets.
Contamination background design Free Vector
On May 13th, CCIPY Vietnam Co., Ltd (under Coilcraft Corporation, USA) has started the construction of an electronic component factory in An Phu Industrial Zone in Tuy Hoa city, Phu Yen province with the attendance of Phu Yen province’s leaders.
According to the General Director of CCIPY Vietnam Co., Ltd, the total investment for the factory is more than 5.7 million USD and 100% of the products will be exported. The establishment of this factory in Phu Yen province is part of Coilcraft Corporation’s goal to develop production in Asia.
When it comes into operation, the project will introduce and share new technology secrets, create jobs for about 2,000 workers and contribute to increase local export and import turnover.
The project is expected to be completed and put into operation in January 2018.
In order for the project to be soon completed and put into production on schedule, the Economic Zone Authority will coordinate with relevant departments, sectors and localities to continue to create the most favorable conditions for investors to complete the factory construction plan as scheduled.
On the side of the investor, the Management Board suggested that CCIPY Vietnam Co., Ltd must ensure safety, efficiency, put the factory into production and business on time, promoting the socio-economic efficiency of the project…
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:


We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +844 32232771 .  To learn more about us, please visit www.antconsult.vn

Posco Energy Will Invest in Quynh Lap II Thermal Power Plant

The Government of Vietnam has agreed in principle to assign the Korean investor Posco Energy ,Energy consultant in Vietnam to research and develop the Quynh Lap II thermal power plant project under the form of a BOT contract.
Solar panels in a meadow Free Photo
Under the direction of the Government, the Ministry of Industry and Trade will be responsible for working with Posco Energy to agree on a number of key issues related to the development of the Quynh Lap II BOT thermal power plant project, in which ensuring not to pollute the environment. On that basis, the Posco Energy’s proposal will be approved to direct the implementation of the next steps in accordance with the law of Vietnam.
Quynh Lap II thermal power plant project is designed with a total capacity of 1,200MW, including 2 machine units. The project is expected to be built in Quynh Lap commune, Dong Hoi Industrial Zone – Hoang Mai town, on an area of 171 ha and 37 ha of water surface. The expected total investment of the project is nearly 2.5 billion USD.
Previously, Posco Energy has also invested Mong Duong II thermal power plant in the form of BOT in Quang Ninh.
In Vietnam, foreign investors are also very interested in BOT thermal power plant projects. For example, the typical projects are Vung Ang 2, Van Phong 1, Quang Tri 1… However, due to slow investment procedures, not many projects have been granted investment certificates and gone into deployment.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:


We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +844 32232771 .  To learn more about us, please visit www.antconsult.vn

Chủ Nhật, 14 tháng 5, 2017

Japan Investors Expand Investment in Dong Nai

Japan is one of the two leading countries in pouring capital to invest in Dong Nai province since the beginning of this year and the main investment sector is supporting industry.
Business background design Free Vector
According to the Dong Nai Department of Planning and Investment, in the first three months of 2017, the province has granted investment registration certificates to 31 projects with foreign direct investment (FDI), with total investment capital of more than 314 million USD, including 15 newly licensed projects with total capital of nearly 137 million USD and 16 projects register to increase capital with total capital increase of more than 177 million USD.
Japan is one of two leading countries in pouring capital to invest in Dong Nai province since the beginning of this year. The field that Japanese businesses invest in Dong Nai is mainly supporting industry. Dong Nai is also the province that is currently calling for investment to increase the rate of supplying input materials for enterprises and also reducing imports.
In the recent 3 years, there are large numbers of Japanese enterprise come to Dong Nai to invest. In addition to Long Duc Industrial Park, which is primarily attracting Japanese businesses, other provinces have formed subdivisions to invite Japan’s SMEs to invest. Japanese enterprises investing in Dong Nai mainly in supporting industries, electricity, electronics, mechanics, machinery…
From the beginning of 2017, there are continuously Japan’s enterprises and local governments come to Dong Nai to explore investment opportunities. Notably, 22 enterprises coming from Sakai city, Osaka operating in the fields of mechanical engineering, steel, electricity, electronics… came to Dong Nai to visit Amata Industrial Park, Long Duc Industrial Park… to learn policies and investment opportunities.
Recently, Kobelco Environmental Solutions Joint Stock Company under Kobe Steel Group has proposed to the Dong Nai authorities to invest in the clean water treatment sector of the province. Kobelco entered Vietnam at the end of 2010 with the main activities which is water treatment, wastewater, recycling, waste treatment, operation and maintenance. In Dong Nai, the company has invested in waste water treatment system in Loteco Industrial Park and Long Duc Industrial Park.
According to experts, Vietnam’s participation in new FTAs offers many opportunities for businesses operating in Vietnam, including Japanese companies. Hence, more and more Japanese companies are choosing to set up company in Vietnam.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:


We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +844 32232771 .  To learn more about us, please visit www.antconsult.vn

Thứ Ba, 9 tháng 5, 2017

FDI from Asia Will Flow into Hai Phong

Hai Phong has made a splash in attracting foreign direct investment (FDI) and there are indications that foreign investors will continue to set up company in Vietnam in general and particularly this port city in the near future.
Kết quả hình ảnh cho FDI from Asia Will Flow into Hai Phong
In fact, there are few places in the Northern of Vietnam having complete infrastructure system with five modes (railway, road, air, river, sea) such as Hai Phong.
The new Hanoi – Hai Phong highway is one of the most modern in Vietnam. In 2016, Cat Bi International Airport has been expanded to create a large capacity air transportation system in the North (after Noi Bai International Airport, Hanoi), capable of transporting goods on all international routes. The new Lach Huyen port will be operated next year, allowing ships with draft of 14 meters or tonnage of 100,000 DWT to berth in Hai Phong, minimizing the transit time of ports such as Singapore or Hong Kong. These advantages of Hai Phong bring direct benefits to investors by shortening the time to bring products to market. Therefore, many foreign investors have seized the opportunity to invest and deploy the projects in Hai Phong.
By 2016, Hai Phong has licensed 490 FDI projects, with total registered capital of nearly 14 billion USD. Particularly in 2016, with 2.9 billion USD of FDI capital, Hai Phong has risen to the second position in FDI attraction, after Ho Chi Minh City.
Hai Phong still has a large land fund, in the “gold” positions. For example, Dinh Vu – Cat Hai Economic Zone has a total area of 22,540 ha and can be expanded to 600 ha; 19 industrial parks with an area of 9,112 ha and 33 industrial clusters with area of 2,284 ha.
According to representatives of the Deep C Industrial Complex, one of the reasons why investors chose to deploy the project is that industrial parks are located in strategic locations near the newly invested infrastructure, combined with a reliable utility system (including electricity, water, sewage) and the best incentive policy. This is why many investors have implemented large capital projects in Deep C’s industrial parks such as Bridgestone (Japan), Flat Glass (Hong Kong), Knauf (Germany)…
Apart from the advantages of location, infrastructure and good human resources, Hai Phong now has many models of quality industrial parks. That is the basis to believe that in the coming time, industrial zones in Hai Phong will welcome large capital flows from Asia.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:


We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +844 32232771 .  To learn more about us, please visit www.antconsult.vn

Thứ Hai, 8 tháng 5, 2017

Benefits of Setting Up Business in Danang

Da Nang is considered an ideal destination for investment. The result shall be incredible where we evaluate on the following aspects:

Da Nang – one of the strategic economic centers of Vietnam’s central region
The Vietnam prime minister has established central region’s strategic economic center, including 05 provinces and cities: Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical location and competitive advantages and step by step develop this economic region to become one of the most dynamic economic region in the country. In particular, Da Nang is defined as the role of nuclear motivation for promoting the development of the central region and the highlands.
agreement urban handshake cooperation support Free Photo
Da Nang – eastern gateway of east – west economic corridor (EWEC)
EWEC is one of five economic corridor developed by the initiative of the Asia development bank in the greater Mekong sub – region.
Currently, the road system in Laos, Thailand and the road line from Da Nang to Savannakhet are completed. The second international bridge spanning the Mekong river was completed in the end of  2006 to facilitate the circulation of goods and passengers by road line from Da Nang to the northeastern provinces of Thailand and vice versa. East-west economic corridor not only provide an opportunity for the country on the path of promoting regional cooperation and improve living standards for the people but also enable businesses better access to the raw materials market services, capital, labor and technology with the purpose of creating favorable conditions for investment and trade across the border and diversifying economic activity and exports and promoting tourism development
Da Nang – entrance of the cultural heritage and natural wonders of the world
Da Nang is located in the heart of the “world heritage road”, stretching from the central coast of Vinh city to Da Lat city. From Da Nang, along the national highway 1A, visitors can access quickly and conveniently four of five world heritages in Vietnam, including Phong Nha – Ke Bang national park (about 300 km from the north of Da Nang), the ancient capital of Hue (about 100km from the north), Hoi An (about 30km from the southeast) and My Son (about 70 km from the southwest).
With the advantage of geographical location and potential economic development in tourism, Da Nang is an ideal destination for tourists as well as investors.
Infrastructure is step by step improved
Da Nang is an important traffic hub of the central  – highlands and country with system of international airports, deep sea ports, roads, north-south railways  developed conveniently.
Da Nang port is the third largest commercial ports in Vietnam after Saigon port and the port of Hai Phong. With a depth of 11m wharf, warehouse systems and equipment upgraded by capital funds of the government of Japan, Da Nang port can receive ships with a capacity of 45,000 dwt and others such as container ships, passenger ships, cargo ships. Da Nang is the international shipping route enabling to go to Hong Kong, Singapore, Japan, Taiwan and Korea.
Da Nang international airport is one of the three best airports in Vietnam. In addition to domestic flights, there are weekly international flights directly from Da Nang to Singapore, Bangkok, Taipei. In the near future, the airport will open more routes to Hong Kong, Japan and Korea. Da Nang international airport is currently being upgraded and expanded to meet the needs of increasing passengers and cargo.
The system of roads in and out of the city are constantly being expanded and newly constructed
Telecommunication systems: Da Nang is one of three major telecomunication centers of the country, international transmission speed with good quality of  Southeast Asia. Da Nang post provides various and modern telecommunication services and be capable meeting the needs of customers.
The other services supporting investment (financial, banking, insurance …): most banks and finance companies of Vietnam have large branches in Da Nang. Some branches of foreign banks and international insurance companies are operating effectively in the city. These services have increasingly been improved better to meet the needs of investors.
Trained and abundant human resources
Da Nang has abundant human resources (over 50% of the population of the city), mostly young labor. Number of employees with technical expertise trained account nearly a quarter of the labor force. Labor costs in Da Nang are lower than some other cities in the country.
Da Nang is one of the provinces in the country with the high educational development index which create a favorable platform for the development of human resources of the city to perform the goal of improving the quality of human resources, quality of life. The city has about 14 universities, 15 colleges and professional schools with nearly 140,000 students. This system performs training in most areas of science, engineering, information technology, economics, business administration, language and pedagogy… Danang university also cooperates with universities of countries with an advanced education such as France, US, Japan, Australia, Canada, New Zealand …
Software technology center in Da Nang is one of the leading software producers in Vietnam and is the leading training center of the central region. Over the years, the software technology center  has cooperated closely with companies of India (aptech) and Japan (aots) to train programmers, technicians and engineers reaching the international standard. Many IT company has chosen Da Nang to set up company in da nang to hold their talents for international projects.
In addition, the city also has about 55 vocational training centers which often provide short-term training courses in computer science, sewing, mechanics, electricity – electronics, construction techniques, etc …
Quality of life
Along with the process of urbanization, economic growth in recent years has helped to material life and spirit of the people of Da Nang continuously improved.
Unlike other large cities in Vietnam, next to the bustle of urban development, living in Da Nang always bring a sense of peace, comfort and closeness to nature. Da Nang is one of the very few cities in Vietnam having a harmonious combination between high mountains, deep forests, long beach, deep river. After work, you can easily find space to relax beside the river or on beautiful beaches.
Da Nang today is a city with a healthy cultural environment, with urban civilized lifestyle, literacy levels elevated, beautiful natural scenery. It can be said that Da Nang is an exciting place to live, work, travel  and invest in Vietnam.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn