In 2017, the economy of Hai Phong city grew at twice the speed of Hanoi and Ho Chi Minh city and continued to receive USD billion worth of investment in infrastructure and industrial sectors.
Throughout our blogs we’ve made the point that business relationships in Vietnam will inevitably develop into personal relationships and that trust is essential. As you begin your commercial journey in the country, introductions by a trusted partner will be a huge asset.
As we’ve pointed out in previous blogs, Vietnam is today one of the world’s most attractive countries for foreign direct investment — but there remain business issues best tackled with experienced local aid.
Vietnam is well on the road to becoming a modern, forward-looking, business-oriented country, but in terms of its customs and traditions it remains conservative — and that will affect your relationship with Vietnamese business partners.
The country is one of the fastest-growing Asian economies with high GDP growth in recent years, and looks to foreign direct investment and the private sector.
It has wisely targeted high-end manufacturing and favours industries that will be sustainable and attractive to Vietnam’s highly skilled young workers—70% are under 35-years-old and 60% are of working age.
There is no minimum capital requirement for setting up a manufacturing company in the country, but...
Rent-A-Port hosts Viet Nam Deputy Prime Minister and Chairman EVN-group for visit to offshore wind turbines in Belgium
On 17 September 2017, Rent-A-Port hosted a top-level Vietnamese governmental delegation ahead of to their official visit to Belgian government starting the day after.
Deputy Prime Minister Mr. Vuong Dinh Hue chaired the delegation, including among others the Chairman of EVN Mr. Duong Quang Thanh, the Vice Chairman of the Office of the Government Mr. Nguyen Sy Hiep, Deputy Minister of Planning & Investment Mr. Nguyen The Phuong, the Deputy Minister of Foreign Affairs Mr. Nguyen Quoc Dung, the Deputy Ministry of Industry & Trade Mr. Do Thang Hai, and the Deputy Minister of Finance Ms. Vu Thi Mai.
In the morning of 5th Oct 2017, Viet Han Engineering Co., Ltd held solemnly the inauguration ceremony of VHE steel structure factory in Dinh Vu Industrial Zone, Hai An district, Hai Phong city.
Attending the ceremony were Mr. Dao Dang Kien - General Director, Mr. Vu Manh Hung- Deputy Director of Hai Phong People's Procuracy, Mr. Le Trung Kien- Director of Hai Phong Department of Planning and Investment, Mr. Tieu Van Dung- Vice Director of Hai Phong Department of Industry and Trade, Mr. Do Trung Th.
EuroCham Launched its Northeastern Vietnam Chapter with Business and Public Officials in Hai Phong and DEEP C is part of it
The European Chamber of Commerce in Vietnam (EuroCham) organised a “Northeastern Vietnam Focus Day” and launched its “Northeastern Vietnam Chapter”. After the Central Vietnam Chapter was launched in November 2016, this is the second regional representation of the chamber.
The agenda included joining the ground breaking ceremony of Deep C Industrial Zones, a tour of the new industrial facilities around the Hai Phong, namely Lach Huyen port and Tan Vu bridge, and a working lunch where business leaders, local authorities and European diplomatic representatives discussed the potential of the Northeastern region as a prime investment destination in Vietnam. The Northeastern Vietnam Focus Day was dedicated to informing about the economic and business opportunities of the provinces in the region, including Bac Ninh, Hai Duong, Hai Phong, Hung Yen and Quang Ninh.
Haiphong or Ho Chi Minh City (HCMC) — which is the better business location?
It might rain a bit more in Haiphong than in Ho Chi Minh City, but that’s a minor consideration when choosing your manufacturing enterprise’s location!