Any Vietnamese BHatter here? Any one have experience doing business in Vietnam?

Discussion in 'BlackHat Lounge' started by specpro, Dec 27, 2010.

  1. specpro

    specpro Newbie

    Dec 17, 2009
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    I am interested in finding out if there's any Vietnamese BHatter or ppl have experience doing business in Vietnam? I have work experience in import/export with Asian countries, and currently helping friends marketing VN-RE development project via Web Design and online marketing and plan to travel to that country to open businesses over there. I have a few plans that will make good money. But I would like to learn more from ppl that interested in doing business with VN. Hope that by starting this thread, I can learn and share opinions/experiences and possibly can be partners for different projects later...anything goes..
  2. eBayMafia


    Jun 22, 2010
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    I kind of see Vietnam now as what China used to be, but really only in terms of manufacturing and doing import/export trades. The labor is good and priced low and people are eager to work and quick to learn, from what I have personally experienced. The inner trade is much less extensive compared to China. What I mean is, in China, you can say "Please manufacture 2000 bags, of 10 different styles" and you send them samples, and they can order the materials, buttons, zippers, ink for logos, thread, and find the machines. In Vietnam, you don't have any of that. You have to locate the material, buttons, zippers, inks, thread, and tell them which machines to buy. So, Labor may be cheaper, but its much more work for an investor or project manager, and sometimes the cost of getting the materials from an outside country to Vietnam will kind of defeat the purpose. If it weren't for this, I would probably set up a factory in Thailand, but its kind of the same although labor isn't actually cheaper in Thailand compared to Vietnam. Internet also isn't very good in Vietnam, also my opinion based on experiences. I once tried to run a MMO Farming Studio from Vietnam with a partner and it didn't turn out too well.