|
Tips dealing with Vietnamese partners |
|
TIPS for dealing with Vietnamese partners
Careful preparation: It is necessary that you prepare as much as possible when you still in your home country. Try to conduct market research, learn about the country, the marketplace and identify local representatives and target companies for contact. It is very important for you to study about the Vietnam's legal framework especially Law on foreign investment. The application process to establish a local brand can be time-consuming. Companies that are not ready to establish a permanent base in Vietnam should consider hiring a local representative to perform support services, open new doors and monitor any ongoing processes. In addition, you should learn a few worlds of the local language especially the world you will have to use regularly such as ''xin chao''= ''Hello'', '' cam on' = '' thank you''.
Introductions: When initiating contact with a Vietnamese entity, it is often best to be introduced by a third party who has close relation with Vietnamese partner. An introduction from a mutual friend, acquaintance or know business associate can raise Vietnamese partner's belief in you and help to push your operation smoothly. If you can not have a third party introduce, self-introductions should start with an explanation of why you want to contact him or her and how she or he relate to you.
|
|
Read more...
|
Guidance 
