Vietnam Market Research

  Market research is an important operation. If the market research is well done, it provides accurate information to help marketers make an appropriate strategy and then, bring high efficiency in business. In other words, if the result of market research is inaccurate information and does not correctly reflect the actual market situation, marketing activities will be inefficient.

Companies would fail if underestimating the importance of market research before entering a new market.

Therefore, market research activity is so important for whomever needing success. Namely, the market research is considered an active approach to enter into the market. The market research also helps you understand the latest development in the target market, thereby making marketing decisions quickly. The international business environment is quite volatile, that‘s why you need a proactive approach like that and it is really your competitive advantage.

Through the market research, you can form the idea of developing a new product and choose the correct strategy for that product in each specific market. Through research, you also do not have to waste money and effort for the false hope, especially when you export the products to oversea for the first time. On the other hand, it should be noted that although the market research does not make sure success in business, it will help you avoid many wrong decisions.

Market research service can:

• Help find the biggest market for your products, the fastest growing market, trends and prospects of market, conditions, business practices and opportunities for your product on the market.
• Allow to make efforts effectively in a field or a certain range. After that, you can set the priority for a specific target market and plan for the future market.
• Help understand the competitors, including strengths and weaknesses, mistakes and their causes of success.
• Help find ideas to develop new products.
• Helps strengthen business relationships with partners.

Source: https://www.antconsult.vn/market-entry-service/vietnam-market-research.html

German Investors Funded 15 Million USD for Kinh Bac to Implement Workshop Project

  The total investment value of the project is 33.4 million USD, equivalent to about 755 billion VND, which is invested in construction and development in industrial zones.

According to information from Kinh Bac City Development Holding Corporation (KBC), the subsidiary of this unit is Kinh Bac Office and Workshop Trading One-Member Limited Company has just reached an agreement: signed contract to finance a project to build a workshop with the German Investment Corporation (DEG) under the German Development Bank (KfW). KfW is now managing more than 600 billion euros.

Accordingly, Kinh Bac Office and Workshop Trading One-Member Limited Company will receive a long-term loan from the DEG worth 15 million USD (total value of the project is 33.4 million USD) with a loan term of up to 8 years to supplement the capital for construction and development of workshops in industrial zones.

According to DEG’s representative, Mr Hubertus Pleister - Director of DEG Asia, Vietnam's economy has grown steadily, continuously and sustainably over the long term, this is an important market, with many investment inflows. In addition, KBC is known as a prestigious business in the field of real estate and calls for foreign investment in industrial parks.

According to KBC, in addition to sponsored the above funds, DEG also committed to support KBC to access to other long-term development funds from financial institutions under the European Development Finance Institutions (EDFI) where DEG is a key member. KBC has undergone a rigorous 2-year appraisal process that ensures DEG's criteria for financial capacity, management and environmental factors.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/german-investors-funded-15-million-usd-for-kinh-bac-to-implement-workshop-project.html

Can Gio - The Potential Land for Tourism Investors

  According to the plan of Ho Chi Minh City (HCMC), by 2020, the number of visitors coming to Can Gio will reach 6 million. That is really a good sign for the Vietnam tourism industry.

HCMC welcomes 30 million tourists a year. Just to find out how to bring these visitors to Can Gio as Pattaya attracts visitors from Bangkok, Can Gio will boom over Nha Trang, Vung Tau, Phan Thiet to become the leading tourist center of Vietnam.

Located only 50 kilometers from the center of Saigon, the four sides are covered by rivers and sea, and owns more than 30,000 hectares of mangroves that have been recognized by UNESCO as the world biosphere reserve. Can Gio is considered to have the potential to become a leading tourist center of the area.

If compared to the leading paradise of the Thai region such as Pattaya, Can Gio is not inferior in terms of natural conditions, such as the quality of the beach, the area of forest, river and mountain... Even Can Gio has more advantages in geographic location: While Pattaya is 100 km far from Bangkok - Thailand's largest tourist center, Can Gio is just 50 km from Ho Chi Minh City.

However, to date, the "billion dollars" potential of Can Gio has not been awakened. As if every year HCMC welcomes about 30 million visitors, Can Gio attracts only 3% of visitors from HCMC (1 million visitors).

Starting from 2017, the obstacles of Can Gio real estate and tourism have begun to be resolved.

On traffic, Can Gio Bridge started construction will solve traffic congestion connecting HCMC with Can Gio. When the two bridges were completed, the time to travel from the center of Saigon to Can Gio was only about 30 minutes instead of 1.5 - 2 hours as before.

In terms of entertainment, the two billion-dollar entertainment complexes of Vingroup and Tuan Chau with a scale of up to thousands of hectares with five-star resorts, golf courses, casino, entertainment area... will become two destinations attracting millions of tourists from HCMC to visit and spend money. In addition, there is La Maison De Can Gio project of Phuoc Loc Company.

We can see that the number of visitors coming to Can Gio as planned in 2020 will be up to 6 million guests. But the number of large scale hotels in this area is not available now, so investing in resort complexes is seen as an opportunity for investors.

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/can-gio-the-potential-land-for-tourism-investors.html

FDI into Vietnam Reached 25.5 Billion USD in 9 months of 2017

 FDI into Vietnam is always an impressive figure with steady growth every year, proving that many foreign investors have chosen to set up business in Vietnam. According to the latest figures from the Foreign Investment Agency, from the beginning of 2017 to the end of September 2017, foreign direct investment (FDI) has hit a record of 25.48 billion USD, increased by 34, 3% over the same period in 2016.

Of which, there were 1,844 new projects with total investment of 14.56 billion USD, increases by 30.4%; 6.75 billion USD of 878 projects registered for capital adjustment, increases by 28.3% and 4.16 billion USD of 3,742 capital contribution turns, share purchases of foreign investors, increases by 64% over the same period last year.

Statistics also show that the manufacturing sector has attracted nearly 50% of the registered capital of 12.64 billion USD in the past 9 months. Standing in the 2^nd position in terms of FDI attraction is electricity production and distribution with total investment capital of 5.37 billion USD, accounting for 21% of the total registered investment. The 3^rd position is the wholesale, retail sector with total registered capital of 1.58 billion USD, accounting for 6.2% of total capital.

It is worth mentioning that real estate sector, which continuously standing in the top most invested in the recent years, has been replaced by the processing, manufacturing and retail sectors...

Among investors in Vietnam, in 9 months of 2017, Korea still ranked 1^st with total investment of 6.31 billion USD, accounting for 24.7% of total investment. Standing in the 2^nd place is Japan with total registered capital of 5.91 billion USD, accounting for 23.17% of total investment. Singapore ranks third with total registered capital of 4.14 billion USD, accounting for 16.2% of total investment capital.

We, ANT Consulting company, support you with the service of setting up a company in Vietnam, Risk management in Vietnam, Employee background check in Vietnam... to help you shorten the implementation time.

Source: https://www.antconsult.vn/news/fdi-into-vietnam-reached-25-5-billion-usd-in-9-months-of-2017.html

Foreign Investors Implement Food Projects in Vietnam

  Foreign investors who are licensed to invest in the food sector in Ho Chi Minh City are in the process of implementing the project, while other projects are interested by foreign partners. It shows the excitement of investors when deciding to set up business in Vietnam.

In particular, project of Nam Duong International Food Co., Ltd with registered capital of 25.6 million USD has completed the construction of the factory, installation of equipment and machinery. The project is licensed by the end of 2015, which is a joint venture between the Saigon Co-operative Alliance (Saigon Co.op) and Wilmar International Limited (Singapore), with the capital contribution of 49% and 51% respectively. The project aims to produce sauces and spices for domestic and export markets.

Wilmar’s investment in Vietnam and cooperation with Saigon Co.op is to utilize strengths from both sides to improve the competitiveness and coverage of Nam Duong brand as well as contribute significantly to the development of the sauce and spices industry.

Meanwhile, the project of CJ Cau Tre Foods Joint Stock Company, with investment capital of 53.3 million USD, which was licensed by the end of May 2017, is being expedited by investors to implement the procedures under regulations to prepare to start construction.

This is a food processing complex on an area of 7.1 ha, including food processing plant, research and development center, modern food safety center... The 1^st phase of the factory has designed capacity of 12,000 tons of products per year, which will be consumed domestically and exported to markets such as Korea, Japan, USA, EU...

The project is invested by CJ Cheiljedang Corporation (Korea) through the ownership of 71.6% stake in Cau Tre Export Processing Joint Stock Company.

We can see that, in recent times, many foreign investors have approached the market by acquiring or holding controlling shares in local companies and it is forecasted that this trend will continue.

In terms of attracting investment in the coming time, Ho Chi Minh City has many incentive policies for projects in 4 key industries, which are food processing, chemicals – rubber, mechanical and electronic - information technology. The field of food processing has received a lot of attention from many foreign investors and the fact that many large-scale investment projects have been licensed.

Source: https://www.antconsult.vn/news/industry/foreign-investors-implement-food-projects-in-vietnam.html

 

US Investors Continue Pouring Capital into Vietnam

  Vietnam has become an attractive destination for US investors, up to now, the United States ranks 9th among countries and territories set up company in Vietnam with foreign direct investment.

Dow Chemical, Coca-Cola, Uber... are well-known US companies that deploying expansion investment projects in Vietnam. In addition, such names as Exxon Mobil, Cargill, General Electric, Johnson and Johnson, Pfizer... have become familiar, not only because of the huge capital brought into Vietnam, but also help to increase production capacity, contributing to Vietnam's export growth.

Presently, thanks to the good relationship between the two countries, the investment and business environment in Vietnam has been improved. Many US businesses have signed large contracts with Vietnamese enterprises, concentrating on the fields such as oil and gas, information technology, animal feed and electronics.

According to information from the American Chamber of Commerce in Vietnam (AmCham), many US businesses are working with the authorities to expand their projects in Vietnam.

Meanwhile, the big names that have long presence in Vietnam also urgently deploy expansion plans. Cargill Vietnam Co., Ltd is expanding its operations in Vietnam, in addition to the successful field of animal feed production. It is expected that by the end of this year, Cargill will put into operation a 10 million USD warehouse at Phu My port in Ba Ria - Vung Tau province.

Cargill also plans to work with the Ministry of Transport on investment in the northern port project to expand its range of operations in many investment sectors in Vietnam.

Dow Chemical, a large US chemical company, after more than 20 years of operation in Vietnam, the company is intending to expand its operations in 2017. Dow Chemical is cooperating with many companies in Vietnam in the fields of agricultural chemicals, biotechnology and services. Furthermore, with long-term investment commitments, in addition to raising capital, Dow Chemical is ready to assist Vietnam in developing a national list of chemicals for research and development.

Statistics show that, up to May 2017, US businesses have invested in 834 projects in Vietnam, with total registered capital of 10.2 billion USD, ranked 9/116 countries and territories that have investment projects in Vietnam.

Moreover, according to an AmCham survey of 100 US companies in Vietnam, 72% of respondents said that Vietnam's investment environment was improving, much better than Myanmar, Malaysia, Thailand and Brunei.

US investment capital flows into Vietnam are no longer tied up in some areas of high profitability as before. Presently, some conditional business areas such as casino, entertainment... are expected to attract more capital from US businesses.

For example, Time Warner Inc., the world's leading media and entertainment company, is also looking for direct investment opportunities in Vietnam.

So far, most of the key businesses in Vietnam are having the presence of major US investors, typically oil and gas sector with famous names such as Exxon Mobil and Chevron; Boeing, ADC-HAS Airport in the field of aviation; Information technology with Microsoft, Intel, Apple, HP; Electrical appliances with General Electric, General Atlantis and AES...

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Source: https://www.antconsult.vn/news/us-investors-continue-pouring-capital-into-vietnam.html