Understanding Vietnamese Life Partner

[xxxx4]

Originally Posted by SingViet

Should i start a business in Singapore ? hahhahah I have a small business idea that may realise next year, will let you guys know and maybe you can go to my business place to have kopi with me...

With your knowledge and experience, i really think you should
Please let us know your idea, i really interested in to know. Invite us anytime, we will definitely come and have kopi with you Bro.

FYI, i am currently working full time in semiconductor company to support my daily life expense, also have side business venture with my BIL, which i do nothing, except sign the annual board meeting and receive some percentage yearly from the overall profits.

[Greatking]

Originally Posted by Golden question

actually vt is nothing except is the nearest beach from hcm.but the wave bigger than our east coast one lah.food sucks and expensive there.i went by the speed boat before and find that is boring,nothing much and expensive.prefer taking a coach there,which pass by those villages and can see the scenary and i think only half an hour more than speed boat.

wow your description seem good at the vin pearl,should try next time.i also go those boat ride to those different island,first island is i think those eco island,nothing much except a house and place for ppl to picnic,2nd is to a island for ppl to play sea sport,this to a island with a big fish creature museum(nothing much).worst part is our boat was serve super cold meal for lunch.everything is cold but no choice have to eat.even their own ppl complain,next time not going to try those package.

best place to go is the mud spa

Haiz.... original suppose to have a day off to VT.... we ended up sleeping.... don't know why.. too tired.. next day fly back liao...

[SureScore]

Originally Posted by shysaint

YEs if you do at the declaration ... they will ask any form of customary ceremony done ... and that can be trated as such .....

Yes, customary marriage is considered a marriage but still need to ROM for legal marriage.

[SingViet]

Originally Posted by rivcale

lol. but singapore very hard for business to make it..
i started so many business for the past 5years, except for the first one that is feeding me, every other business cannot make it

i think the big market is still in developing markets like vietnam, china etc

There are some truths to your statement as i used to think that Singapore is only for Big Business Corporations with huge funds. I know of a fellow Singaporean, who is as entrepreneur as you, started many businesses for the past many years, but all failed. But if you take a close look, business needs planning and all his businesses failed because he failed to do that. He likes to go into `Fade ' businesses, for example bubble tea, medicure , pedicure etc, as he thinks these businesses can earn him money due to its popularity. At the same time, he believes that these businesses has proven itself to be money spinning, thus the risks he's taking is so much lesser. But by the time he goes into these businesses, these businesses are fading out, on its down trend.

Business is about taking risk, some risks can be managed while others cannot. There are still some businesses that can be done in singapore, but one needs to know how to manage risk and do proper planning. In Singapore, we know the culture, language , rules etc, thus we are at an advantage. Vietnam is a huge market and is developing, but its not as simple as most Singaporeans think it is. I mentioned before about the government red tapes, different culture, languages etc, all these will prove to be tough for a normal Singaporean with limited resources. For example, i know of a company that deals with construction machinaries for rental / leasing. It went into VN, thinking that its a big market. After 3 years there, it closed down. One of the biggest hurdle is the culture there which the company cannot handle. For example, they leased a huge machinary to a local construction company, but after some months, the local company refused to pay them and even tore down the machines into spare parts, refusing to return it back to them. They reported it to VN police, but the police cannot do anything. After 3 years there and losing 3 Million USD, close door.

In a foreign land, we are at a disadvantage. If our businesses face problems, its difficult to solve unless we are well connected at government level. In VN now, big businesses with huge capital are making big bucks, but small businesses are often crowded out. This is the same situation as in Singapore. But there are often still some areas that can be tapped, just like Singapore. We just need to know the place well, be connected and have lots of patience.

[Golden question]

Originally Posted by SingViet

There are some truths to your statement as i used to think that Singapore is only for Big Business Corporations with huge funds. I know of a fellow Singaporean, who is as entrepreneur as you, started many businesses for the past many years, but all failed. But if you take a close look, business needs planning and all his businesses failed because he failed to do that. He likes to go into `Fade ' businesses, for example bubble tea, medicure , pedicure etc, as he thinks these businesses can earn him money due to its popularity. At the same time, he believes that these businesses has proven itself to be money spinning, thus the risks he's taking is so much lesser. But by the time he goes into these businesses, these businesses are fading out, on its down trend.

Business is about taking risk, some risks can be managed while others cannot. There are still some businesses that can be done in singapore, but one needs to know how to manage risk and do proper planning. In Singapore, we know the culture, language , rules etc, thus we are at an advantage. Vietnam is a huge market and is developing, but its not as simple as most Singaporeans think it is. I mentioned before about the government red tapes, different culture, languages etc, all these will prove to be tough for a normal Singaporean with limited resources. For example, i know of a company that deals with construction machinaries for rental / leasing. It went into VN, thinking that its a big market. After 3 years there, it closed down. One of the biggest hurdle is the culture there which the company cannot handle. For example, they leased a huge machinary to a local construction company, but after some months, the local company refused to pay them and even tore down the machines into spare parts, refusing to return it back to them. They reported it to VN police, but the police cannot do anything. After 3 years there and losing 3 Million USD, close door.

In a foreign land, we are at a disadvantage. If our businesses face problems, its difficult to solve unless we are well connected at government level. In VN now, big businesses with huge capital are making big bucks, but small businesses are often crowded out. This is the same situation as in Singapore. But there are often still some areas that can be tapped, just like Singapore. We just need to know the place well, be connected and have lots of patience.

bro,is understanding your vietnamese life partner more though than understanding how to do businese there

i think both is almost the same.I agree with u. planning and foresight of the market is important over there.not simply just throw money and think going to a poor country will make it.connection is a yes yes over there but sg ppl is too organise to follow rules and regulation,so when venture there,find it tough.

thats why most small sg SME prefer to follow govertment organisation to explore business opportunity there as they will get most help if things go wrong over there.

[Honey Boon]

I will definitely try that... either end of this year or next year .... enough sun burn recently

Originally Posted by Hurricane88

should try phu quoc....I prefer that than nha trang whihc I been last year...

[naemlo]

Originally Posted by SingViet

Should i start a business in Singapore ? hahhahah I have a small business idea that may realise next year, will let you guys know and maybe you can go to my business place to have kopi with me...

Originally Posted by rivcale

i think the big market is still in developing markets like vietnam, china etc

Guess we can form a business group to see how we can help each other.

[volcano]

Originally Posted by SingViet

From my limited knowledge, a piece of normal land in the deep part of the province is already going for around US$15000, around 4m x 20m.

many factors to determine the price of land in the village of a province.

1)whats the land use rights e.g padi field,fruits,house etc

2)distance from the ferry service

3)any bridges near the land

4)condition of the road

US $15k is abt 320 million vnd.....320 million vnd for a piece of land 4m x 20m at the deep part of province is quite expensive unless the location is really superb and the land is for housing purpose.

below is my personal experience.

at the mid of last year i bought 2 pieces of land at the village in Vinh Long.the village is abt 35 mins ride from Vinh Long's city.

1)padi field land of 10m x 55.6m.
-250 million vnd
-land by the main road
-1 min ride to ferry service
-1 min ride to village's market

2)land for all kind of usage of 7m x 42.5m(end side of the land with 6m only)
-400 million vnd
-land by main road
-1 min walk to ferry service
-1 min walk to village's market
-1 min walk to ferry service

[rivcale]

Originally Posted by naemlo

Guess we can form a business group to see how we can help each other.

hahahah i second that.
how to form such biz group lol.... invest in singapore or vietnam?

[ilovedoggie]

Originally Posted by rivcale

hahahah i second that.
how to form such biz group lol.... invest in singapore or vietnam?

can jio me in ? i can gv my expertise on the financial(corporate finance, capital budgeting), commercial and technical areas

hahhaa ok i hao xiao one... paiseh

[jackbl]

Originally Posted by Honey Boon

enjoyed so much during my 10 days stay in Nha Trang.... after trying all the beaches in vnam, I will definitely go back to Nha Trang again

Very good FR on Nha Trang. I been there twice 2007 and 2010

[jackbl]

Originally Posted by Golden question

worst part is our boat was serve super cold meal for lunch.everything is cold but no choice have to eat.even their own ppl complain,next time not going to try those package.

best place to go is the mud spa

Strange, why u encountered this??? For my trip, I saw them cooking on the boat while sailing.... Though they are simple dishes but it taste like home cook food

[jackbl]

Originally Posted by SingViet

Should i start a business in Singapore ? hahhahah I have a small business idea that may realise next year, will let you guys know and maybe you can go to my business place to have kopi with me...

Maybe u can employ some VBs as your employees

[SingViet]

Originally Posted by rivcale

hahahah i second that.
how to form such biz group lol.... invest in singapore or vietnam?

there is already the SBG (Singapore Business Group) in VN already.

[Golden question]

Originally Posted by jackbl

Strange, why u encountered this??? For my trip, I saw them cooking on the boat while sailing.... Though they are simple dishes but it taste like home cook food

mine was cold like the sea wind blowing.All i see was they remove many plates with dishes from the boat partion.seem like they cook on land and place it inside before the boat go out to sea.

never saw anyone cook on the boat,my wife go and ask the boat ppl,he say cold is due to the cold sea wind blowing,what a crap