Our collection of resources based on what we have learned on the ground
Resources
Q&A
What are helpful channels for finding sourcing partners in Vietnam?
- July 2014
- Free Access
There are a variety of helpful channels for finding sourcing partners, these include: Online databases; Official government databases listed by commercial chambers of commerce; Associations of planned products; Professional sourcing agents; Tr...
Q&A
What steps should be taken in choosing a Vietnamese sourcing partner after a lis...
- July 2014
- Free Access
Once a list of potential candidates has been created, it is then time to proceed to the next stage of the process and begin the screening of the different companies. This stage often requires visiting the potential partner’s factories so that a...
Q&A
What entities can foreign investors utilize to create a sourcing platform in Vie...
- July 2014
- Free Access
There are three types of entities a foreign investor can utilize to create a sourcing platform in Vietnam: Representative Office Limited Liability Company o Service Company o Trading Company Each of these sourcing platforms feature several def...
Q&A
Why choose a representative office (RO) to create a sourcing platform in Vietnam...
- July 2014
- Free Access
Representative offices are the most inexpensive and easiest type of model to establish. Typical uses for ROs include: Maintaining relations with existing suppliers; Coordinating sourcing activities; Helping with quality control at the suppliers ...
Q&A
What are the downsides of choosing a representative office (RO) to create a sour...
- July 2014
- Free Access
While an RO is relatively easy to establish and maintain, there are fairly limited in terms of operational scope since they cannot actually issue invoices or sign contracts. However, this can be an advantage because it reduces the accounting and tax ...
Q&A
Why choose a limited liability company (LLC) to create a sourcing platform in Vi...
- July 2014
- Free Access
Unlike a representative office, a foreign-invested limited liability company (LLC) can make profits and issue local invoices in Vietnamese Dong (VND) to its customers. Furthermore, the liabilities of the shareholders are limited by the assets they br...
Q&A
What are the differences between a service company and a trading company for set...
- July 2014
- Free Access
A service company is a Limited Liability Company (LLC) that has as its core activity the provision of services to third parties. Foreign investors involved in sourcing activities use this type of company for activities such as providing market and su...
Q&A
What are the concerns to be kept in mind when choosing the most suitable busines...
- July 2014
- Free Access
When selecting the most suitable business model in Vietnam, it is important to carefully balance the capability of each option against the primary needs of the sourcing activities. For example, foreign small and medium sized enterprises (SMEs) that c...
Q&A
Which structure is best for foreign companies that want to explore market possib...
- July 2014
- Free Access
Many traditional buyers tend to lean towards the representative office structure, purely driven by the preference of not having to inject registered capital into Vietnam. For this reason, the RO structure is often recognized as the “safe”...
Q&A
Which limited liability company (LLC) structure is preferred for foreign busines...
- July 2014
- Free Access
For businesses wanting a wider business scope than a representative office (RO) offers them, a trading company structure is usually preferred. This structure allows for the widest possible scope for sourcing, and since the business scope is wide, th...
Q&A
Why should companies consider Vietnam as their sourcing destination and not some...
- July 2014
- Free Access
There are a number of key advantages that make Vietnam stand out from the rest of Asia. Unlike many other countries in the region, Vietnam’s government is very stable and committed to seeing the country grow. Consumer confidence is strong and i...
Q&A
What is the importance of Vietnam?s free trade agreements (FTAs)?
- July 2014
- Free Access
Vietnam has a number of FTAs, but those of particular interest to foreign companies are its FTA with ASEAN and ASEAN’s FTA with India and China. This mean that if a company is manufacturing a product in ASEAN that fits into either China or Indi...
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