Do's and Don'ts of Business.

Good.  Luck.

Thanks

Good luck to your plan to do business
But don't forget that you cannot make much profit! Also you should 'share' your income to some 'Kings' here for a better existence!

Get a savvy Vietnamese business partner, they will know what to do and who to pay off.

Here is the best resource I've found.

http://www.vietnam-briefing.com

And take a look at this too.

http://www.hsbc.com.vn/1/PA_ES_Content_ … en_2MB.pdf

I'm heading to VN this month and plan on teaching for a year while I get better acclimated to the business environment. I've been helping a little with a startup there, and I've observed that if you know the law then the police are a lot less likely to harass you; however, the more you cheat, or look ignorant, the more you have to worry about the police finding out and having to pay them off.

There's no doubt that you'd better have a few Vietnamese you can trust as well, unless you want to get nickeled and dimed to death.

Thanks yttocs for that good information.

I have a friend in Saigon who took part in starting a business and he rants unceasingly about what a PitA it was.

I forgot about the IFC site; scroll down to the bottom of the page and it gives you the basic process for starting a business.

http://www.doingbusiness.org/data/explo … es/vietnam

one vote for business in vietnam ,  i am local and interested in business as well

yttocs wrote:

the more you cheat, or look ignorant, the more you have to worry about the police finding out and having to pay them off.

You'll be paying them off one way or another. You'll only find yourself in trouble if you get greedy and stop cutting them a piece of the pie.