Nokia inaugurates the new factory over USD 300 million in BacNinh

According to expectation of many experts, Vietnam has passed the most difficult period while many countries in area are still in stagnation. ANT Consulting always helps Client follow the new updates for determining chances to invest in Vietnam.
Information research service in Vietnam

The new Vietnam Nokia is located in Vietnam-Singapore Industrial Zone (VSIP, BacNinh) with the area of 65.400 Square meter, the total investment capital of USD 302 million. Until now, the project has been developed in the first period (value at USD 140 million). The current factory enables to produce popular mobiles only, will conduct business in June 2013. Besides the role of main manufacture center, the establishment in BacNinh will also training and developing staff base.

reputation check in Vietnam

As announcement at the inauguration, Nokia commits to continue developing human resources and social activities next time and hope the new factory in BacNinh may be a form for other investments of Nokia in Vietnam. According to General Director of Nokia, Vietnam has been a crucial market for the company’s global strategy for 17 years with lots of potential and chances.

Deputy Minister of Ministry of Investment and Planning demonstrated his pleasure that Nokia picked Vietnam as a “key” in the global development plan and provided Vietnam a big chance for technology field which is growing quickly. Also, he stated that this was a highlight of Finland’s FDI investment to Vietnam.

Investment of Nokia in Vietnam can present that Vietnam is really attractive and promising for both big and small investors. If Client need further information aboutVietnam’s market or chances to investment in Vietnam, please contact ANT Consulting. ANT Consulting, your consultants in Vietnam.

International Trade and Taxes lawyers in Vietnam

At ANT Lawyers, our International Trade and Tax practice help clients on:

Regularly update international manufacturers, exporters and importers on latest trade regulations and import-export tariffs of Vietnam; Provide advice on Vietnamese law in regard of international trade disputes, shipping, customs, import and export control, and other trade-related issues. Provide Tax advice, Tax compliance, and general Tax consulting to various industries including banking, power, automobile, telecom, services, trading and manufacturing sectors. Please contact us for inquiries through emailant@antlawyers.vn or call our partners directly at  + 84 912 817 823. Let ANT Lawyers help your businessin Vietnam

trademark protection in Vietnam

 Legal basis:

+ Ordinance No. 24/2000/PL-UBTVQH10 on 28.04.2000 for entry, exit and residence of foreigners in Vietnam.

+ Decree No. 21/2001/ND-CP dated 28/5/2001 of the Government detailing the implementation of the Ordinance on Entry, Exit and Residence of Foreigners in Vietnam
+ Circular No. 66/2009/TT-BTC dated 30/03/2009 of the Minister of Finance issued regulations on the collection, remittance, management and use of fees for passports, visas and papers on entry, exit, transit and residence in Vietnam

+ Circular No. 04/2002/TTLT-BCA-BNG dated 29/01/2002 guiding the implementation of Decree No. 21/2001/ND-CP dated 28/5/2001 of the Government detailing the implementation of Ordinance on Entry, Exit and Residence of Foreigners in Vietnam

+ Circular No. 01/2007/TTLT-BCA-BNG dated 30/01/2007 amending and supplementing a number of articles of Circular No. 04/2002/TTLT-BCA-BNG on 29/01/2002.

I. Subjects to be granted temporary residence card:

• Members of foreign representative agencies and their accompanying relatives (father, mother, wife, husband, children under 18 years old).

• Foreigners who work with the Institute of the Supreme People’s Procuracy, the Supreme People’s Court, the ministries, ministerial-level agencies, agencies attached to the Government and People’s Committees of provinces and cities directly under the Central Government and the Central offices of mass organizations, mass organizations.

• Foreigners who work in projects already approved by competent state agencies licensed in Vietnam.

• Foreigners who work with businesses in Vietnam has the work permit valued more than 01 year.

• Persons on the payroll of foreign representative offices and branches of economic organization, culture and other professional organizations of foreign non-governmental organizations based in Vietnam.

• Foreigners staying in Vietnam for other purposes.

II. Conditions for implementation

+ Time to stay in Vietnam more than 01 year;

+ Valid passport more than 01 year;

III. The composition, the number of records:

1) The composition profile, including:

• A written request of agencies, organizations and individuals offering, guarantee and propose for temporary residence card;

• 01 declaration of information of foreigners who apply for temporary residence, with photos and sealed by the agency or organization: A written request for temporary residence card (Form N7A); a declaration about Foreigners applying for temporary resident card (Form N7B)

• 02 3 x4 cm size photographs;

• 01 copies of passport, valid visa, immigration cards (bring original for comparison);

• 01 copies or photo (bring the original for comparison) proof of purpose to stay in Vietnam.

As the case may file appropriate documents: investment licenses, permits the establishment of enterprises, work permits, certificate of board members and permits the establishment of representative offices, marriage/birth registration…

2) The number of records: 01 (one).

IV. Implementing agencies administrative procedures:

Immigration management Department, Police provinces and cities directly under the Central Government.

V. Implementation time: 05 to 07 days;

VI. Subjects performed:  by organizations and individuals;

Please contact us for inquiries through email ant@antlawyers.vn or call our partners directly at  + 84 912 817 823.

Starbucks exceeds expectations in Vietnam

In February, Starbucks corporation officially entered the Vietnam market with a big store in Ho Chi Minh City. According to Howard Schulz, CEO of Starbucks, the revenues in the first store in Vietnam drastically exceeded the company’s expectations. However, these first results might not be indicative of the company’s projected success in the entire country, as there is a substantial difference between the deep-rooted coffee culture of Vietnamese people and Starbucks coffee.

Vietnam has an established and traditional coffee culture originating from its historical roots in coffee production to its current position as a leading global coffee producer. In contrast to Starbucks’ normal markets, Vietnam has a long tradition in drinking very strong coffee and the local shops at a substantially lower price.

However, Mr. Schulz has maintained that the current development of Starbucks in Asia is a sign of improved future performance for Starbucks in Asian countries. Although, Starbucks’ main focus is on the U.S., its home market, the company still has large investment plans for countries like China, Thailand and other Asia-Pacific regions; the company believes investing in the fast-growing economies of Southeast Asia presents large growth potential for Starbucks in the future.

In trying to bridge the culture gap, Starbucks has launched specific products that correspond with flavors of typical Asian dishes. Nevertheless, Vietnam is still not an easy market for American coffee, but, Starbucks intends to offer more than just selling coffee.  According to Mr. Schulz, it is the environment, store design and the experience of Starbucks coffee shops that makes Starbucks so unique. Young customers are attracted by not only the product, but the experience of going to a Starbucks; this is a good sign for the future development of Starbucks in Vietnam.