Guardian Corporation Opens Its 49th Retail Store in Vietnam

  Guardian Vietnam has opened its 49th retail store in Royal City (Thanh Xuan district, Hanoi), confirming the aggressive investment and development strategy of the Guardian brand in Vietnam.

Guardian is the retail chain of health and beauty products, under Dairy Farm Group, one of Asia's leading retailers on beauty and health stores, convenience stores, supermarkets and hypermarkets through many famous brands such as Guardian, GNC, IKEA, 7-Eleven,... Dairy Farm Group operates with nearly 6,000 retail outlets in more than 12 countries across Asia.

Starting its operation in Vietnam since September 2011, Guardian Vietnam has rapidly expanded its business in the Southern of Vietnam with a network of 39 outlets in Ho Chi Minh City (HCMC), two outlets in Bien Hoa and two outlets in Vung Tau. Products that are sold at Guardian stores are very diverse, including cosmetics, skin care, health care...

It is known that the Guardian Vietnam plans to expand its network of local stores to about 65 stores by the end of 2017.

With the launch of the new retail store in Royal City on April 15^th 2017, the Guardian brand officially marks the 6th store in Hanoi, bringing the total number of Guardian stores nationwide to 49.

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.

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French Corporation Opens "Laughing Cow" Cheese Factory in Vietnam

  According to the European Supermarket magazine, Bel Group (France) has just opened a 1 ha plant in Vietnam to produce "laughing cow" cheese to serve the Southeast Asian market, marking their first penetration into the Vietnamese market.

The new plant will produce an additional 3 million pieces of cheese a week, doubling the output for the region. In addition to being sold in Vietnam, the product will be exported to the Philippines, Singapore, Cambodia and Thailand.

Bel Group began construction of this plant in July 2015 in Binh Duong, with an investment capital of17 million USD. The factory also has a research center to develop products suitable for Southeast Asian taste.

The brand "laughing cow" cheese is currently occupies 85% of the market share in Vietnam in this segment.

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.

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Many Incentives When Investing in Solar Power Projects

  According to Decision No. 11/2017/QD-TTg, organizations and individuals involved in the development of solar power projects are entitled to investment, tax and land incentives.

Specifically, organizations and individuals involved in the development of solar power projects can legally mobilize capital from domestic and foreign organizations and individuals to invest in the implementation of solar power projects in accordance with the provisions of current law.

Solar power projects are exempted from import duties on imported goods to create fixed assets for the project; complying with the current law on import tax and export tax on goods imported for production of projects which are raw materials, supplies and semi-finished products which cannot be produced at home.

The exemption and reduction of corporate income tax for solar power projects shall be implemented the same as for projects in the field of investment incentives in accordance with current tax law.

On land preference, the Decision stipulating that solar power projects, transmission lines and transformer stations for connecting to electricity grids shall be exempt from or reduce land use fees, land rents and water surface rents in accordance with current law applies to projects in the field of investment incentives.

Based on the planning approved by competent authorities, the provincial people's committees create conditions for arranging land funds for investors to carry out solar power projects. The compensation and support for ground clearance shall be implemented in accordance with the current land legislation.

The decision also specifies that organizations and individuals investing in the construction of solar power projects have the responsibility to install solar power equipment must ensure the safety of structures and work safety in accordance with the current regulations.

The investment in the construction of solar power projects shall comply with the current law provisions on investment, construction, fire prevention and fighting, environmental protection and other relevant regulations.

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.

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Japanese Businesses Want to Invest in Solar Power Plant in Thanh Hoa

  Mr. Fernando Davila, Managing Director of Univergy Solar Joint Stock Company - a company in renewable energy, solar and wind power sector in Japan, had a meeting with leaders of Thanh Hoa People's Committee.

At the meeting, Mr. Fernando Davila said that in the coming time, Univergy Solar Company would like to implement the solar power plant project in Kien Tho commune, Ngoc Lac district, Thanh Hoa province with high capacity. It is hoped to receive the support from the local authorities as well as the Government of Vietnam.

Univergy Solar - a joint venture of Japan and Spain, is currently the world's leading developer of renewable energy - solar power, wind power, small power stations and geothermal energy in Japan. Currently, Univergy Solar has developed more than 1,200 MW of global wind and solar power capacity.

On behalf of the leadership of Thanh Hoa province, Mr. Nguyen Dinh Xung, Chairman of the provincial People's Committee thanked the delegation for visiting and exploring investment promotion in the province. At the same time, the province pledges to support and create favorable conditions for Univergy Solar as well as other investors when investing in local projects.

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.

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Japanese Investors Want to Implement Kobe Cow Raising Project

  Livestock breeding is one of the important economic sectors in Vietnam.  However, it appears that due to the competition pressure, disease, and lack of the control of the authority, the quality of the products have been negatively impacted.  It is important for Vietnam to encourage project to set-up business in Vietnam in animal breeding to create a better competition environment, with high quality standard of products to be produced under a better control of the local state authorities.

Mr. Hironori Sakai, Secretary General of the Vietnam-Japan Friendship Association, had just have working visit to Quang Binh province (Vietnam) to survey implementing the Kobe cow raising project.

The delegation was welcomed by Vice Chairman of Quang Binh People's Committee Mr. Nguyen Xuan Quang and leaders of Departments of Planning and Investment, Agriculture and Rural Development, Natural Resources and Environment, Foreign Affairs, Port Authority, Provincial Customs Department.

At the meeting, leaders of the Quang Binh Department of Agriculture and Rural Development reported on some issues related to the Kobe cow raising project in the province.

Accordingly, the Department has also introduced the locations in Quang Tien, Quang Luu Commune (Quang Trach District) and Truong Xuan, Truong Son (Quang Ninh District) for investors to select and deploy the project.

At the present, the whole province has about 2,200 hectares of grass and maize for cattle feed. When implementing the project, the Department will direct localities to actively convert other areas of rice and inefficient crops into grass and maize to ensure sufficient feed supply for the project.

Speaking at the meeting, Mr. Nguyen Xuan Quang stressed that the investment in cattle breeding project in Quang Binh is in line with the provincial policies and orientations. The province is willing to create favorable conditions for Japanese business delegations to explore the necessary conditions for the investment procedures.

In addition, Vice Chairman Nguyen Xuan Quang also requested the Japanese business delegation to coordinate with the relevant departments and localities to complete the legal procedures to implement the cow raising project in Quang Binh province in the shortest time.

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.

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FDI Capital Flows into Vietnam Increased Rapidly

  In the first 3 months of 2017, total foreign investment in Vietnam reached 7.71 billion USD, more than double the amount of 3.4 billion USD in the first two months and increases by 91.5% over the same period last year.

As announced by the Foreign Investment Agency (Ministry of Planning and Investment), as of March 20^th 2017, the whole country has 493 new projects that have just been granted investment certificates with total registered capital of 2.9 billion USD, increases by 6.5% over the same period in 2016.

In addition, there are 223 projects registered to increase investment capital, with total registered capital increase of 3.94 billion USD, increase by 206.4% over the same period in 2016. Also, there are 1,077 capital contribution and share purchases transactions of foreign investors with total investment capital of 852.86 million USD, increases by 171.5% over the same period in 2016.

Thus, totally in the first quarter of 2017, the total newly registered, increased and contributed capital to buy shares are 7.71 billion USD, increases by 91.5% over the same period in 2016.

Looking at these numbers, we can see that foreign investment into Vietnam is increasing drastically. In the first two months of 2017, the figure was just 3.4 billion USD, after three months, the figure is more than double, reaches 7.71 billion USD.

It is not difficult to explain this strong acceleration. The fact is in March, there are many large scale projects are granted investment certificate. Among them, the most noticeable is the expansion project of Samsung Display in Bac Ninh, with additional capital of 2.5 billion USD.

Also in March, a number of other large-scale projects have received approvals for newly registration or capital increases from Vietnam authorities.

Notably, the factory project of Polytex Far Eastern Co., Ltd (Vietnam), invested by Taiwanese investors in Binh Duong, with the objective of producing polyester fiber products, has just adjusted for additional investment capital of 485.8 million USD; the Coca-Cola Beverages Vietnam project in Hanoi registers to increase its investment capital to 319.8 million USD.

Besides, the Vietnam Singapore III Industrial Park project in Binh Duong with total investment capital of 284.75 million USD; Tole Panel Manufacturing Factory project in Binh Phuoc with total investment capital of 269.54 million USD; the KVT-1 tire production project in Binh Duong of Kolon Industries Inc., with registered capital of 220 million USD...

It was not out of expectation, thanks to the billion USD project, Bac Ninh has become the most attracting foreign investment destination since the beginning of this year, with total registered capital of 2.61 billion USD, accounting for 33.86% of total investment in Vietnam.

Binh Duong ranks second with total registered capital of 1.39 million USD, accounting for 18.04% of total investment. Ho Chi Minh City ranks third with a total registered capital of nearly 600 million USD, accounting for 7.78% of total investment capital.

Also thanks to the billion USD project, Korea has returned to crown on the list of major investment partners in Vietnam in the past 3 months, with 3.74 billion USD. Singapore came in second with 910.8 million USD, while China was in third place with 823.6 million USD.

According to the Foreign Investment Agency, up to March 20^th, it was estimated that FDI projects have disbursed 3.62 billion USD, increases by 3.4% over the same period in 2016.

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50.6% of FDI Enterprises Will Expand Operation in Next Two Years

  According to the PCI-FDI 2016 survey, confidence in the business prospects of FDI enterprises operating in Vietnam is maintained.

Specifically, investors are more optimistic than the period 2012 - 2013, but not as high as in 2010. This is the responses from 1,550 FDI enterprises, coming from 46 different countries and territories operating in 14 provinces and cities of Vietnam, where concentrating the largest number of FDI enterprises, according to the General Statistics Office of Vietnam.

The reason persuading FDI enterprises to expand their investment in Vietnam is that legal changes have created a friendlier legal environment for foreign direct investors. In particular, FDI enterprises assessed that the cost of entering the market and corruption have decreased. This also means that investors who want to enter Vietnam market in the next two years will have a much friendlier environment than before.

This year, PCI-FDI has found interesting new, that is the emergence of nearly 6% of enterprises registered to operate as domestic enterprises.

The number of foreign investors operating in the form of domestic enterprises has increased over time. The reason is that the Investment Law of 2014 stipulates that FDI capital projects in which foreign investors or FDI enterprises holding less than 51% of charter capital will not need to apply for Investment Certificate.

In addition, more than 89% of FDI enterprises participating in the PCI survey are 100% foreign investment enterprises, increased from 87% in 2015. The type of joint ventures only accounted for 7%.

Similar to the results of PCI-FDI survey in previous years, FDI enterprises operating in Vietnam are mostly small-scale and export oriented enterprises, operating in sectors with relatively low marginal interest rates. They often provide goods or services to larger producers or multinational corporations, so they are mostly at the lowest position in the product value chain.

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.

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