How to Do Business with Vietnam | | People | | Economy-Business NEWS | | Vietnam Trade Directories
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Plum to peach: has anyone come
into the rose garden?
Plum of peach makes inquirytherefore peach will make reply:
The rose garden has a gate
but no one has come in yet.HO XUAN HUONG (1768-1839)
A 18h century surrealistic romantic Poet
VIETNAM
HOTTEST POTENTIAL ASIAN TIGER
February 07, 1994
"More than 50 billion us$ would be invested during next 6 years in infrastructure, manufacturing and assembly facilities by investors mainly from Japan, Taiwan, Singapore, Korea and USA; according to research studies conducted by Center for Global Trade Development - an independent international business research organization - monitoring countries and industries with special emphasis on emerging markets Welcoming the lifting of trade-embargo by Clinton Administration that has caused enough frustration among the U.S. businessmen while their counterparts elsewhere took advantage of their absence in the most emerging market in Asia with a great potential of becoming another Asian tiger in a short period of time, - Center for global trade development [CGTD] has published a package of comprehensive business information publications comprising a series of Vietnam-trade directories and business reports - covering almost all major industries and services " giving most updated information covering most aspects of doing business in Vietnam, including the trade statistics of 11 years. "
"In spite of being much smaller in size than likes of Indonesia and China and extremely poor in comparison to Thailand and Malaysia, Vietnam offers one of the most strategic locations in the most dynamic economic zones of the world and in spite of late arrival of the U.S. companies Vietnam would be a very attractive place to be," CGTD further analyses","and Vietnam of mid-90's- with one of the most youthful nations in the world has potential of becoming another Asian tiger in no time, however ;vietnam's political and business leaders still would have to fight a great war against corruption among old fashioned bureaucracy which retards the development in marketization of their economy. Although Viet administration is trying hard to keep up gradual opening and laxity in business laws, their application in practice may have different interpretations by different bureaucrats"
"Although investors from Taiwan, Korea, Singapore, Japan, Brunei and several other nations in Asia and Europe have already started pumping huge amounts of cash investment , the post embargo era would see still larger investments in almost all fields of trade and industry. In spite of many obstacles and political delays in fully normalized relations, trade between Vietnam and USA would be very substantial and the U.S. businesses,in spite of great competition from mainly Asian nations, would be welcomed with great enthusiasm."
"While oil, minerals, telecom, aviation, power, tourism, computers, fertilizers, machines tools, transport and high technology industries are bright prospects for the US companies, there is big scope for light industry, fishing, agriculture, farm and construction equipment industry. Traffic management , transport and tourism development offers very attractive opportunities. Banking, finance, insurance and other service sectors also have bright prospects in the upcoming markets of Vietnam."
" CGTD also believe that any business established in Vietnam would have ramifications in neighboring nations not only in totally unexplored Laos and Cambodia but also in Myanmar [Burma] and neighboring provinces of China.
"Besides attracting large infrastructral investments a fairly large number of Taiwanese businessmen are moving or installing their operations in business oriented, low-wage Vietnam as they not only consider cheap labor, they also have a voracious domestic market and a very strategic location for re-export to 3rd countries.
"CGTD sees that " many US businesses would be considering to start some assembly operations in coming months. These upcoming new units are not only going to boost the export potential of Vietnam but would also attract a substantial import of raw materials and semi-finished goods.
"Vietnam has a fairly large fishing output but it requires modernization and the potential is possibly larger than even oil and gas fields." CGTD further finds that Vietnam needs investments in minerals and coal mining and reserves of apatite are some of the biggest in the world."
"In addition to large investments from its major business partners so far, Vietnam expects large capital investment from USA after the gradual normalization in relations.Vietnam has a sizable overseas community of over one million scattered over in Australia, East-Europe, France and mainly in USA and Canada who would be willing to invest in various sectors mainly in small scale businesses and industries but most of them so far, a bit doubtful about their homeland ; are going to be an important capital source for coming years."
align="LEFT" src="/cgtd/global/vt-ind.gif" border="0" alt="http://www.cgtd.com/global/vietnam.html" width="151" height="200"> Center for global trade development [CGTD] has published over 31 useful and low priced business directories - each on a major industry category, with almost all Vietnamese companies indexed in 4 languages and classified by over 3,000 products and services further identified by SIC and (HS) universal harmonized system. In addition to the trade and industry directory CGTD Publications Division has also published strategic information reports covering all aspects, a businessman must know to understand Vietnam's business culture, laws and practices and other useful information.
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