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Q&A

Which sub-sector in the retail industry employs the oldest professionals in Chin...

Which sub-sector in the retail industry employs the oldest professionals in Chin...

Professionals from the retail specialist sub-sector are the oldest (28.7 years) and most stable (28.8 months on average per employer), having worked for a comparatively lower number of employers (2.19) at a sales representative level (33.2 percent of...

Q&A

For a foreign company thinking of setting up a retail shop in China, when should...

For a foreign company thinking of setting up a retail shop in China, when should...

In order to set up a retail shop in China, a foreign company needs to establish a foreign-invested commercial enterprise (FICE). One can choose to either set up this business entity alone or simultaneously set up a physical retail shop along with it....

Q&A

How should foreign companies go about recruiting retail personnel in China?

How should foreign companies go about recruiting retail personnel in China?

This depends on the kind of employees that the retail business needs. Rather simple roles, such as sales representatives or warehouse assistants, are found in abundance on Chinese online job boards, such as 51job.com or zhaopin.com. For senior roles,...

Q&A

What is the best way to screen personnel for the retail industry in China?

What is the best way to screen personnel for the retail industry in China?

A good retail employee should have excellent communication skills, good client/customer interaction skills, as well as a certain degree of loyalty to his/her organization. Also, depending on the nature of the business, employees’ concrete produ...

Q&A

Is the personnel turnover in the retail industry in China high?

Is the personnel turnover in the retail industry in China high?

For much of the Chinese workforce, the retail industry is not an attractive field of work. they prefer working in a large foreign or domestic company as a white-collar worker. This, in addition to the transferability of skills from one retail organiz...

Q&A

What can employers do to hire and retain quality personnel in the retail industr...

What can employers do to hire and retain quality personnel in the retail industr...

It is said that Internet training and development plans are key factors for retention. Certainly, the aforementioned organizational structure pose a challenge, but one way to circumvent this would be to foster an attractive company culture, in additi...

Q&A

Are increasing wages a problem for foreign retailers in China?

Are increasing wages a problem for foreign retailers in China?

Yes, increasing wages across all industries have been and remain a top challenge for companies operating in China. The steadily increasing minimum wage in different provinces and the increase of the salary demands of top talent have both greatly affe...

Q&A

What do foreign investors setting up a retail business in China need to know abo...

What do foreign investors setting up a retail business in China need to know abo...

The labor market in China is much more fast-paced and dynamic than that of Western countries. This means that Chinese talent is more volatile, faster to change their jobs and has higher expectation to a continuous career and salary development.

Q&A

How important as a hiring criteria are language skills in China?

How important as a hiring criteria are language skills in China?

English skills are sufficient, and today more and more of the younger generation brings in sufficient levels of English language for daily interaction with customers. For roles in a pricier sector, or a retail business exclusively focused on a certai...

Q&A

How does value-added tax (VAT) registration work in Vietnam?

How does value-added tax (VAT) registration work in Vietnam?

Registration of tax is a compulsory procedure for organizations and individuals in order to run a business in Vietnam. There is no separate procedure for VAT registration; it is included at the beginning of the tax registration for each kind of taxab...

Q&A

Is there voluntary registration for value-added tax (VAT) in Vietnam?

Is there voluntary registration for value-added tax (VAT) in Vietnam?

There is no voluntary registration for VAT in Vietnam. However, certain business entities are excused from registration, these include: Foreign business organizations not having Vietnam-based permanent establishments; Foreign business individuals...

Q&A

Is a non-resident business required to register for value-added tax (VAT) in Vie...

Is a non-resident business required to register for value-added tax (VAT) in Vie...

A non-resident business is not required to register for VAT in Vietnam. If such entity does business in Vietnam or earns income in Vietnam, the Vietnamese party will register for VAT on its behalf. A non-resident is a person who does not satisfy one...

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