Business

Last activity 11 October 2017 by THIGV

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voltysparkyMember10 October 2017 16:37:52

Anyone know if I can start my business in Nha Trang with the budget of 50million vnd? I’m planning to have a business there and settle my life in Nha Trang. I am Filipino married to vietnamese.

THIGVViP10 October 2017 16:44:41

4423

The lack of specificity here is stunning. Are you talking about a three story coffee shop with karaoke rooms or a Bánh mì cart? If it's Bánh mì, you might want to partner up with panda7.

voltysparkyMember10 October 2017 16:48:20

It is possible to have a simple bar and restaurant put some acoustic music.

70 years oldSerial expat11 October 2017 00:36:50

581

I agree that one could [b]START[/b] a business for that amount of money.

The real question is do you have sufficient income to support you, your wife and the business for a year or so. Starting a business is easy. Building a profitable business is an entirely different issue.

Note, my wife and I have started several, mostly profitable, businesses over the last 50 years. Note, mostly profitable does not mean we were always successful. We also had our share of failures.

THIGVViP11 October 2017 01:10:53

4423

You might want to check the following threads:

https://www.expat.com/forum/viewtopic.php?id=676474 https://www.expat.com/forum/viewtopic.php?id=702975

The second relates to opening a hotel in a seaside town so the responses are still somewhat relevant.

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