Hit the ground running in Vietnam and successfully distribute your products at your own terms in this promising market, while others wait for market liberalization! You can't deny that Vietnam's industrial and consumer market is highly attractive. Early entrants find that it is easy to beat the competition in the local market as large multinationals have yet to enter the market in many major sectors. The profit margin for importing and distributing consumer and industrial products in Vietnam is big. In an otherwise weak global economy, market prices for a whole range of products in Vietnam are relatively high compared to the region. Be it beauty / personal care products, specialized chemicals, additives and flavors, high-tech equipments, pumps and building materials. Nimble foreign traders and distributors that can take advantage of the inefficiencies and confusion of the initial stages of market liberalization are in good positions to reap considerable business profits. Forget the currency devaluation, the 18% hyper-inflation, and the liquidity crisis faced by the corporate sector in Vietnam. These are short term economic pains that a rapidly growing economy has to face. The working capital challenges faced by local traders and distributors, and the reluctance of major established multinationals to set up a formal distribution channel in a country perceived to be "high risk" and "low transparency" , offers good opportunities for those who can successfully maneuver the regulatory and business landscape, in collaboration with local partners, associates and professional service providers. Let's be straightforward - despite Vietnam's ascendance to WTO, those who want to enter the Vietnamese consumer market with a foreign controlled company structure for distributing their products will have to spend tens of thousands of USD and not less than 9 months - and without guarantee of any success - to receive an official distribution license. That is provided one does not get confused by the advice of consultants and the inconsistent directives of the licensing officers at the Ministry of Industry and Trade as well as local People's Committee. In some cases, the distribution licenses granted have "business scope" that fall in between legal gaps - grey areas that expose foreign traders and distributors to persistent interference from enforcement authorities. Many products are also out of bounds for foreign traders and distributors. This workshop offers a no-nonsense approach with two main objectives: (i) to demystify the regulatory landscape for trading and distribution in Vietnam and (ii) offering practical solutions for foreign traders and distributors to enter the Vietnam market. * WORKSHOP AND VENUE * VIETNAM: Practical Strategies for Market Entry In Trading and Distribution Friday, 9th March 2012 Peninsular Excelsior Hotel, Singapore * HOT TOPICS * * What are the relevant laws and regulations for foreign traders and distributors? * Could foreigners actually set up a 100%-owned trading and / or distribution company? * How do product categories / HS Codes affect the distribution license? What are the product categories subject to conditions / restrictions? * What are the regulations and practice in respect of customs procedures and clearance? Why is the ability to clear customs an important component in the distribution channel? * How does one make a joint venture with Vietnamese work while managing strategic risks? What are the arrangements that could be put in place to minimize the risks? Can lawyers and accountants help? * What are the pros and cons of using Vietnamese proxies for setting up a distribution company? What are the practical tips for making this structure work? What are the risks for both parties? What are the typical "market" rates and mechanism for this type of arrangement? * For companies that wish to conduct direct trade without setting up a corporate entity in Vietnam, what would be the limitations? Would a representative office work? * SPEAKER * Mr Lim Chor Ghee Group Partner, VIETVALUES Audit and Consulting, Ho Chi Minh City Executive Director, Indochina Link Pte Ltd, Singapore Announcement of Business Alliance Phuoc & Partners Law Firm and Vietvalues Audit & Consulting Group have entered into a business alliance to provide integrated legal and accounting solutions to clients investing and doing business in Vietnam, subject to the practice strength of each firm. With a combined team of about 50 lawyers and 200 accountants across Vietnam, we are well placed to support foreign and local clients for sophisticated M&A and large investment projects in Vietnam, while at the same time offering seamless accounting, payroll and tax compliance and advisory solutions. Our nationwide presence enables clients to tap into our expertise and support as their business expands throughout Vietnam. For inquiries: Phuoc & Partners: Mr Nguyen Huu Phuoc Email: phuoc.nguyen@xxxxxxxxxxxxxxxxxx Vietvalues: Mr Lim Chor Ghee Email: cglim@xxxxxxxxxxxxxx * EVENT CONSULTANTS * Mr EC Tan +65 8193 9928 (Spore) E-mail: events@xxxxxxxxxxxxxxxxxx Indochina Link Pte Ltd (200713333E) Previously Vinmas Resources Pte Ltd 10 Anson Road #15-14 International Plaza Singapore 079903 www.peligotraining.com * FEE * Early Birds! Pay By 24th February 2012 SGD 660 per person 10% discount for groups of 3 Normal Price SGD 820 per person 10% discount for groups of 3 * SUPPORTING ORGANIZATIONS * * VIETVALUES Audit and Consulting Group (www.vietvalues.com) Consulting inquiries: VIETVALUES: cglim@xxxxxxxxxxxxxx For event flyer, please enter this weblink into your browser: http://www.peligotraining.com/CourseDetails/20120309%20Vietnam%20Trading%20and%20Distribution%20_Spore_.pdf * EVENT ORGANIZER * Indochina Link Pte Ltd (200713333E) Previously Vinmas Resources Pte Ltd 10 Anson Road #15-14 International Plaza Singapore 079903 www.peligotraining.com Anti-spam policy: We respect your privacy. If you do not wish to receive further communications from us, please reply this e-mail with the message "NO SPAM PLEASE". _______________________________________________ xfs mailing list xfs@xxxxxxxxxxx http://oss.sgi.com/mailman/listinfo/xfs
