Vietnam 2014
Vietnam 2014
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Vietnam 2014

Last updated on 2014-01-01

About the Book

Though a Communist country, which to many says “closed,” Vietnam is actually quite open to foreign investors. As a whole, Vietnam has seen quite a lot of growth in recent years with the poverty rate falling from 58% to 14% since 1993, which is a good sign for anybody wanting to do business there.

If you’ve been thinking about starting a business in Vietnam, the Wood Egg Vietnam startup guide will be your go-to reference manual.

Each year we hire 3 researchers (at least one local and one foreigner who live in Vietnam), a native English-speaking in-country writer, and an editor, to bring you insights from multiple perspectives.

Our researchers spend over 200 hours interviewing local business people, politicians, and citizens who regular foreigners would never have access to. This is 200+ hours you will save to hit the ground running. (Bonus: When you register your eBook at WoodEgg.com you get access to all of our raw research and interviews.)

In the 2014 Wood Egg Vietnam startup guide you will learn:

  • It’s hard for foreigners not to stick out. How to use that to your advantage and integrate into the community. (Page 74)

  • What the progressively-minded younger generation means for your business. (Page 35)

  • Save time and headaches by checking one of these two websites if you’re looking for short or long term accommodation. (Page 101)

  • How to instantly meet other foreign business owners. (Page 118)

  • This is why negotiations often require multiple meetings. Don’t get it wrong or things may go south for you. (Page 128)

  • Vietnamese prefer to do business with these kinds of companies. (Hint: You’re well on your way.) (Page 154)

  • Why you’ll often hear “yes” even when it’s a “no.” This can be quite confusing for foreigners and our indirect communication guide beginning on page 132 will give you the rundown on how to deal with it.

  • Our curated list of lawyers and accountants who work with foreigners. (Page 195)

  • Many great employees can be found online in Vietnam nowadays. Here is our list of the best websites to find them. (Page 213)

  • The highest potential business area in Vietnam. (Page 240)

All of this along with hundreds of other insights. All told you’ll get the painstakingly researched answers to over 200 questions (over 250 pages!) about country, culture, life, and business in Vietnam.

If you’re looking to do business in Vietnam you won’t find a more complete, up-to-date, guide.

Click to buy now.

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About the Author

Derek Sivers
Derek Sivers and Natalie Sisson

Originally a professional musician and circus clown, Derek Sivers created CD Baby in 1998.

It became the largest seller of independent music online, with $100M in sales for 150,000 musicians.

In 2008, Derek sold CD Baby for $22M, giving the proceeds to a charitable trust for music education.

He is a frequent speaker at the TED Conference, with over 5 million views of his talks.

Since 2011 he has published 34 books, including “Anything You Want” which shot to #1 on all of its Amazon categories.

Table of Contents

  • Now
  • Introduction
  • Zeitgeist
  • Near-future outlook
  • Country
  • Current stats
  • Quick history as it affects current business environment
  • Relationship with other countries
  • Culture
  • Mindset
  • Religion and Race
  • Asia 101
  • Individualism
  • Local differences
  • Personal attitudes towards foreigners
  • What to wear
  • Attitude towards time and promises
  • Common conversational references
  • How to blend in
  • When not to blend in
  • Recommended reading/watching
  • Life
  • Quality of life
  • Cost of living
  • Western standards vs local standards
  • Language / English proficiency
  • Safety
  • Immigration / Visa
  • Where to live (short-term and long-term)
  • Typical living arrangements
  • Transportation
  • Internet / Phone
  • Food
  • Credit card? Cash? Check?
  • Availability of products/services
  • What’s not online
  • Differences in service standards
  • Expat community
  • Recommended resources
  • Business Culture
  • Mindset
  • Understanding “face”
  • Direct vs indirect communication
  • How to tell “yes” from “no”
  • Hierarchy
  • Who to speak with in organizations
  • Business attitudes towards foreigners
  • Signals of respect
  • How to build trust
  • Introductions
  • Business cards
  • Negotiation
  • Signaling success
  • Innovation vs status quo
  • Passing-through vs Full-time
  • Advantages to foreigners
  • Advantages to locals
  • Risks
  • Corruption
  • Government
  • General role of government
  • Who’s who: departments you need to know
  • What the government is emphasizing now
  • Incentives
  • Grants
  • Business Setup
  • Ease of doing business
  • Local partners?
  • Business structure choice
  • Business name choice
  • Timeline
  • Cost
  • Incorporating
  • Where to locate
  • Real estate
  • Big city vs outlying areas
  • What your location says about your business
  • Utilities
  • Permits
  • Contracts
  • Lawyers
  • Accountants
  • Paying taxes
  • Ongoing requirements
  • Recommended resources
  • Hiring
  • Local talent strengths
  • Hiring local people
  • How much to pay?
  • How to find good people?
  • Online vs offline
  • Hiring foreign people
  • Step-by-step process
  • Labor laws
  • Payroll
  • Unions
  • Firing
  • Recommended resources
  • Money
  • Banking overview
  • Bank comparison
  • How to open an account
  • Online banking
  • Paying employees
  • Paying vendors
  • Getting a bank loan
  • Getting investors
  • What if they don’t pay?
  • Industry sectors
  • Industries
  • What’s missing?
  • What’s unique?
  • Growing the Business
  • Marketing
  • Expanding outside the country
  • CREDITS

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