Vietnam is working on improving on the level of transparency.
It is advisable that foreign investors take effort to learn
about their partners before cooperating with them. In other words, it is
important to understand an individual or enterprise before joining venture with
them in Vietnam so that the investors may reduce the minimum risks
that may occur as well as evaluating the possibility of cooperation in the future.
- Research for records of enterprises or record of
individuals in Vietnam;
- Research for the reputation of the company or
individual who shall be your business partners in Vietnam;
- Research for the history of public information about
the company or individual.
Despite the high risks
of fraud, there are good opportunities in Vietnam. Namely, at the present,
Vietnam has been strongly attracting direct investment capital from foreign
investors. This leads to the demands of investigation as above – mentioned.
If the investors
ignore this step of investigation, they may take heavy consequences because of
their subjective. It may be a loss of money, time, effort and reputation.
Normally, most of the
investors investing in Vietnam for the first time are using survey results from
third parties, that is, the companies specializing in the investigation of
market information.
Because, first, when
investing in a whole new market, the investors do not understand clearly about
the investment environment as well as the operating subjects in this new
market. If the investors conduct the investigations themselves, the result may
be inaccurate and not objective.
Second, the investors
can save time as well as money to focus on other professional activities. With
a team of experienced professionals, the companies specializing in this
investigation field have full of capacity to meet all requests from the
investors. Besides, time for the investigation is quick, and the price shall be
much cheaper than the cost that the investors use to do their own
investigation.
Therefore, if you are
going to invest in Vietnam, we recommend you to conduct a thorough Vietnam
background check, which includes the followings:
Before an investor
wishes to set-up a business venture in Vietnam, it
is advised to learn about the market, the business partner in Vietnam.
Let ANT Consulting help your business. Please contact us via emailant@antconsult.vn or call our office number: +848 35202779
(HCMC) or +844 39388751 (Hanoi).
Further information
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