Vietnam: The Next Emerging Trading Partner: South Carolina International Trade Conference, Charleston, S.C., May 31, 2007.

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Presentation transcript:

Vietnam: The Next Emerging Trading Partner: South Carolina International Trade Conference, Charleston, S.C., May 31, 2007

Global Strategy Ventures, LLC

Opportunities

Currently representing the following industries… Building Supply –Doors/Outdoor Decking Apparel Property Management Legal

Doing Business in Vietnam… There must be no ambiguities in any language in any document and there should be no agreements to agree.

Doing Business in Vietnam… Select tough, experienced Asia Smart management people for your project. Doing business in Vietnam is complicated and the educational experience can be costly.

Doing Business in Vietnam… Do not sign any documents unless your legal counsel has made certain and assures you that they will meet with the full approval of governmental authorities. Pre-clearance of documents with governmental authorities before they are executed is essential.

Doing Business in Vietnam… Make sure that document translations are done by qualified experts and have documents translated into English from Vietnamese translated back into Vietnamese from the English and vice versa to make sure the translations are accurate and in accord in meaning as much as possible.

Doing Business in Vietnam… Thoroughly investigate and endeavor to fix (as much as possible) your local labor and consumables costs during construction and operations for as long a forward period as possible to avoid both disruptions and holdups.

Doing Business in Vietnam… Whether you are manufacturing for the domestic market or for foreign markets, if your product requires foreign components make absolutely sure you have the proper and iron-clad permits to import the components you require for the period required.

Doing Business in Vietnam… Even before you begin to seek to do or do business in Vietnam, make sure your intellectual property rights (trademarks, tradenames, patents, etc.) are protected to the maximum extent possible.

Doing Business in Vietnam… Do not underestimate the cost of living and doing business in Vietnam. For instance, decent housing and office space for foreigners is extraordinarily expensive, particularly in the Hanoi and Ho Chi Minh City areas.

Vietnam: The Next Emerging Trading Partner: South Carolina International Trade Conference, Charleston, S.C., May 31, 2007