Hiroshi Saito

For businesses, the initial costs of entering Vietnam are crucial considerations. In recent years, there has been an increase in companies specializing in renting factories and equipment in Vietnam, which is an aspect I will introduce to you now.

On January 16th, a Singaporean major industrial park development company, KCN, held a groundbreaking ceremony for Phase 2 of the Huu An Tan Industrial Park in Long An Province, Vietnam, boasting a total developed area of 200 hectares across 8 locations in Vietnam (4 in the South and 4 in the North).

For businesses, evaluating initial costs during expansion into Vietnam remains pivotal. Recently, there has been a rise in companies specializing in renting factories and equipment within the country. Renting offers advantages such as lower initial costs, reduced maintenance time and effort, and facilitates market expansion into Vietnam. This article will delve into the types of equipment available for rent and provide an overview of the equipment rental landscape in Vietnam.

In Vietnam, when researching various industrial parks to start manufacturing operations, English abbreviations are often used. Therefore, this time, I would like to focus on introducing abbreviations commonly used in industrial parks or manufacturing.

When entering Vietnam, a concern is whether the environment is conducive for expatriates to live comfortably. The author has been living in Vietnam for 17 years, and when they first arrived, there were no Aeon malls, Takashimaya, or Japanese convenience stores. They used to travel to Singapore to buy Japanese food and clothing.

In order for foreigners to work in Vietnam, a work permit that allows employment is required. Most Japanese nationals are required to obtain this work permit, but in recent years, the stringent conditions have led to an increase in cases where it cannot be obtained. This article will provide an overview of the work permit and explain how to obtain it.

Export Processing Enterprises (EPE) refer to enterprises established and operating within export processing zones, or enterprises operating within industrial parks or economic zones and exporting all of their products. Recently, a new category called Export Manufacturing Enterprises (EME) has been established, and each category is eligible for preferential tax treatments. This time, I would like to provide information about the tax incentives available to companies certified as EPE or EME.

When operating factories and warehouses in Vietnam, security measures are crucial. If proper security measures are not taken to prevent the intrusion of suspicious individuals from the outside and to prevent theft of equipment and products within the factory, it can lead to severe consequences. While Vietnam is generally a safe country with relatively few violent crimes like homicides,…

Vietnam’s Industrial Real Estate Market: The industrial real estate market in Vietnam has remained relatively stable during the COVID-19 pandemic. Here are some key points about the current state of this market.

Trends in investment by Japanese companies: I would like to summarize the presentation by Mr. Nakajima, the director of JETRO Hanoi office, at the “Investment Seminar for Japanese Companies” hosted by the Provincial Government of Hung Yen Province in northern Vietnam on September 27th.