Vietnam - HCM (Thread 3)

[naemlo]

Originally Posted by ah rat

Bro,Up yr karchng ,shiok or not

No wonder, I feel uneasy. TLSF.

Originally Posted by hoian

Just curious, before u bought house for her, u didn't consider setting up a partnership company to own the house instead? That way when anything goes wrong, the asset can be liquidated and proceeds from sales are apportioned accordingly.

Not trying to start a flame, I am just stating the truth.

Everyone can own a house but not land. I can go to VN rent a piece of land then build a castle on the land.

Starting a partnership company, this loophole has been there for years and there is a risk.. guess u hear, say and read from forum, website or even a lawyer. Most lawyer will not tell u the cons and risk of owning a land under a company and further the govt is not stupid.

Think twice if u still think u can "own" a land legally (all land belongs to the govt in VN). Anyway, u can think I am just BS... it is your money, go ahead with what u think is so called right.
BTW, I went thru all these before.

[hoian]

Just for sake of discussing, no worries. Sometimes we think something cannot be done while many others are happily doing it.

I have a friend in Dalat, foreigner guy married local. He started a holding company with wife and one or 2 other partners. The company bought a big piece of land and built 10 villas. He is now selling the individual villas to other ppl.... probably foreigners. I doubt there are individual title deeds... maybe just a share in his company.

When I meet him again I will ask how he is doing it in greater detail. In this world, there are always pros and cons & winners & losers. Just like S'poreans go in to Suzhou and lose millions while M'sian Robert Kuok is making millions with every Shangri-La hotel he builts in every city in China.

Originally Posted by naemlo

Starting a partnership company, this loophole has been there for years and there is a risk..

[naemlo]

Originally Posted by hoian

I have a friend in Dalat, foreigner guy married local. He started a holding company with wife and one or 2 other partners.

I dun think u got my point. I am saying, for the sake of "buying" a land and house, anyone can start an empty shell company but this involves risk. What risk, I will not spell it out.

Anyway, lets those interested in buying land go n find out themselves.

[Hurricane88]

Originally Posted by naemlo

I dun think u got my point. I am saying, for the sake of "buying" a land and house, anyone can start an empty shell company but this involves risk. What risk, I will not spell it out.

Anyway, lets those interested in buying land go n find out themselves.

Risks aplenty...

when you register company...then

1. tax officers tracking you
2. district Police tracking you
3. making sure your company file all gahmen rules and regulations
4. anything else cannot disclose

the gahmen knew all about you the moment you register your company name and you are one of the director...

[KhunVi]

Originally Posted by naemlo

I dun think u got my point. I am saying, for the sake of "buying" a land and house, anyone can start an empty shell company but this involves risk. What risk, I will not spell it out.

Anyway, lets those interested in buying land go n find out themselves.

I'd just say naemlo is great with the advice. I was already reading his posts in the HCM thread way before I get into the lovely shit with my ba xa. He often prove right

The risk is only for those who have excess or too much to want to try a jackpot.

There will always be successful ones tho, live it the way you want it. It's your life

[hoian]

There are some failed ventures and there are also successful ones. I would say 50:50. We have our own factory in Binh Duong and its doing well (despite some scare when a few troublemakers went around attacking Chinese businesses). As the saying goes, nothing venture, nothing gain.

Originally Posted by KhunVi

The risk is only for those who have excess or too much to want to try a jackpot.

[KhunVi]

Originally Posted by hoian

There are some failed ventures and there are also successful ones. I would say 50:50. We have our own factory in Binh Duong and its doing well (despite some scare when a few troublemakers went around attacking Chinese businesses). As the saying goes, nothing venture, nothing gain.

Definitely. For business, it is always worth a risk;

But for love, it is always wise to re-think, re-plan, re-organize.

Glad that you made it in Binh Duong, used to have a property there in Binh Duong New City but it was a failed cause too. Aiya !!!

[REDDEVILS7]

Hi Bros,

Can i check for the massage shops like Daiman or minh tam whats your operating hours? Cant seem to find them. Thanks

[naemlo]

Originally Posted by Hurricane88

the gahmen knew all about you the moment you register your company name and you are one of the director...

Yes and ppl still think of an empty shell to fool the official. Govt is not stupid nut just closing 1 eye.

Originally Posted by KhunVi

I'd just say naemlo is great with the advice. I was already reading his posts in the HCM thread way before I get into the lovely shit with my ba xa. He often prove right

I just state the truth as I went thru shit to understand how it stinks. It is easy to read, hear but how many went thru?

Originally Posted by SEAJ

Too many lawyers and real Estate salesmen outlining how you can fully comply with all the LETTERS of the laws, totally neglecting/not mentioning that the SPIRIT of the law will eventually come to bear.

Lawyers and real estate are earning a living. U want land, no problem. U can buy with this n that, they earn from it. End of the day if anything happens, nothing will happen to them... Try looking for them, they will say, they can't help... govt changes policy, govt clamps down.

[KhunVi]

Originally Posted by naemlo

Lawyers and real estate are earning a living. U want land, no problem. U can buy with this n that, they earn from it. End of the day if anything happens, nothing will happen to them... Try looking for them, they will say, they can't help... govt changes policy, govt clamps down.

Words of Wisdom ... I get that even from the Singapore Consulate General Office.

[densha]

Originally Posted by REDDEVILS7

Hi Bros,

Can i check for the massage shops like Daiman or minh tam whats your operating hours? Cant seem to find them. Thanks

Dai Nam closes around 4am if my memory serves me. You can call Dai Nam Hotel and ask them to connect you to spa (assuming you don't have their phone number) to verify.

I believe Minh Tam may close shop earlier.

[densha]

Originally Posted by SEAJ

Too many lawyers and real Estate salesmen outlining how you can fully comply with all the LETTERS of the laws, totally neglecting/not mentioning that the SPIRIT of the law will eventually come to bear.

And the spirit of the land laws in Vietnam is just that they want NO foreigners to own Vietnamese land.

SEAJ

To be be fair, as long as the governing system in this country remains the same, even the locals can/do get screwed. In the end, it's the Party first, People second, and foreigners very distant third.

Real story: Local friend who leases forest from government for 50 years. New guy in charge took office. Pointed out technicality that requires friend to return 80% of the land back. Unless of course you pay proper respect to new guy in charge...and we know what the respects equal to.

While the new law will make it easier for foreigners to own land, the government can revert pretty much anytime and there's not a thing you can do about it.

So many stories and warning about buying house/land for your local wife (esp if they are from poorer background or if they have working girl background). If you think you can be exception to the rule...you live with that stupidity.

The only consolation is that you still have your life.

In Thailand, cases where your local wife buy life insurance then promptly hire hitman to take you out are more common than not.

[hoian]

Hope not to make anyone unhappy... I am just answering in general. One of the reasons why most S'poreans fail in VN is that they approach the whole thing wrong.

The idea of land/property/asset ownership in perpetuity does NOT exist in communist countries (and to a certain extent, this applies to your ba xa as well... one fine day she WILL walk out on you). Once u accept that idea, then u will begin to have fun.

Basically, foreigners will be paying for the privilege of staying or doing business in VN. Your very existence (be it for business etc) in your host country will be at the pleasure of the provincial govt. Meaning if u don't like it, you can always pack up and leave.

In my dealings, I am often surprised that capitalists (ie ang moh) from the west seem to be able to grasp or adapt to this idea fairly quickly and doing well in VN while hard headed S'poreans are crying "kow beh kow bu".

The good thing about communist country is that there will always be "work around" solutions. No need to bang head against the wall of bureaucracy.

My ex-gf put it more directly, "... in this country, there is no such thing as a problem that money cannot resolve."

PS: If u think I am talking nonsense, kindly ignore what I have written. Cheers!

[Xaint]

Originally Posted by KhunVi

I used to want to settle down with a beautiful Viet, from An Giang. I even bought a landed house for her, costing about SG$60,000 in Long Xuyen City. We ride on a HONDA AIR BLADE, supposed to live happily ever after, with a relatively good passive income on my end; until her family came into the picture.

Her elder brother wants to marry, I pay this / that and bought a land for less than SG$8000 under pressure for them to start a married life.

A year later, her younger brother wants to marry too and expect the same. This time round, I resisted and her family couldn't take NO as a reply and kind of kidnapped my wife and forced us apart.

Morale of the Story: Viet Girls take their family too seriously and often it is their families that totally screw their lives and have them worked in the flesh industry.

Bro KV,

Now I also stick together with a gal from An Giang Long Xuyen City.
when I go to VN, She always tell me about the " TAKE CARE " story.
" My friend got SG boyfriend take care. She no need to work, SG BF send her $ every month"
" My cousin got the SG BF take care of her and buy her a new house to stay"
Open mouth TAKE CARE. Closed mouth also TAKE CARE.
This VB seriously think all SG man work in the gold mine.
Now I think is no TAKE CARE no honey in VN. Or is just me only.

[willgo]

Very often I also hear them said " If you are a really good man then no need me to ask, will auto give money to take care me"
Best don't target those who have foreign bf before, they tends to compare how much her previous bf give her.

This year get to know a girl in vietnam, She actually going to marry her european bf few mths ago, her bf give her US$3000 to help her in the beginning of the relationship.

Then 2 mths later happen to be TET, she ask her bf for another US$3000 because family need money which her bf obliged.

2 months after TET, she ask for US$2000 again from her bf, in the end, her european bf cannot stand run away.

Imagine just a 4 months relationship, total asking US$8000.

Originally Posted by Xaint

" My cousin got the SG BF take care of her and buy her a new house to stay"
Open mouth TAKE CARE. Closed mouth also TAKE CARE.