ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

Thứ Hai, 17 tháng 10, 2016

Japanese Giant Petroleum Corporation Enter Vietnam Market

There is a trend that foreign corporations entering Vietnam market as they see the potentials of this rising economy.

Japan’s Idemitsu Kosan Group has received an investment license to open a joint venture with a unit of Kuwait to build a petrol distribution system in Vietnam.
This corporation will contribute 50% capital to Idemitsu Petroleum Q8 Co., Ltd, along with Kuwait Petroleum International (KPI) to set up station system to retail gasoline in Vietnam.
The investment registration license has been granted by the Vietnam Government and the business registration procedures are being conducted. If completed, this would be the first time when Vietnam petroleum distribution market has the participation of an enterprise with 100% foreign capital.
Currently, the two partners in the joint venture of Idemitsu Petroleum Q8 are all shareholders in Nghi Son Petrochemical Complex and Vietnam Oil and Gas Corporation (each party hold 35% of the capital).
Nghi Son Petrochemical is expected to trial operating in 2016 and commercial operating in 2017. Thus, through the establishment of a separate company on the distribution of petroleum products, Idemitsu and KPI will complete the production and distribution chain in Vietnam, ensuring the supply as well as output for the product.
Apart from the investment in joint venture distribution and petrochemical company, Idemitsu Kosan is also engaged in a series of beginning stage projects of the petroleum industry, such as investment in the mining lots (Lot 09-3, Lot 05.1). Moreover, this Japanese giant also said that they are ready to consider contributing funds when PV Oil carries out equitisation.
Idemitsu Kosan is one of the leading oil and gas group in Japan, with history of over 75 years of formation and development. The group’s market capitalization has now reached 108.6 billion Yen (almost 1 billion USD) with net sales in 2014 reached 4,630 billion Yen (about 42 billion USD). By the end of the first quarter of 2015, the corporation has nearly 9,000 employees.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation. 
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn



Thứ Năm, 13 tháng 10, 2016

Pho Noi Textile Industrial Zone (Under Pho Noi B Industrial Zone)

Geographic location:
Located near the intersection of Highway 5 and Highway 39, linking the major economic centers in the north, 28 km from Hanoi, 73km from Hai Phong, 90 km from Cai Lan Port, 40 km from Noi Bai International Airport, 15km from Lac Dao railway station (Ha Noi – Hai Phong), next to the Hung Yen custom clearance station and Thang Longurban zone.



Planned area:
120.8 hectares. In particular, phase 1: 25.17 hectares, phase 2: 95.6 hectares.
The sector attracting investment project:
Textile and other industries, particularly sectors that need industrial wastewater treatment are preferred.

Industrial zone technical infrastructure:
The industrial zone has been completed the construction of technical infrastructure for the first phase on an area of 25 hectares, including internal industrial zone road system, water supply and drainage systems, power supply, fire protection system, water supply plant with capacity of 8.500m3/day and night, and sewage treatment plant with capacity of 10,000 m3/day and night according to the European standards that have been completed and put into use. Phase 2 has completed the ground clearance the whole area under planning and started implementation of infrastructure construction in an area of approximately 30 hectares of industrial land.

Investment project attraction status:
By the end of the first quarter of 2016, the industrial zone has received 23 investment projects, including 10 domestic investment capital projects and 13 foreign investment capital projects with total registered capital of 1,000 billion VND and 109 million USD. The total subleasing area is 46 hectares, accounting for 49% of industrial land can be leased. A number of projects that have large-scale capital are: Kien Thinh Zhejiang Corporation, Carvico S.P.A Co., Ltd, Linea Aqua (Private) Limited.

Owner of Pho Noi Textile Industrial Park:
Pho Noi Textile Infrastructure Development Joint Stock Company

For more information, please contact ANT Consulting.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation. 

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn





Thứ Tư, 12 tháng 10, 2016

Thang Long II Industrial Zone (Under Pho Noi B Industrial Zone)

Geographical location:
Located adjacent to Highway 5 (Hanoi – Hai Phong); 30 km from Hanoi, 70k m from Hai Phong port, 110km from Quang Ninh deep-water port.

Scale of land area:
345.2 hectares
In which: Stage 1: 219.6 hectares, 154 hectares of land area for rent
Stage 2: 125.6 hectares, 101 hectares of land area for rent.
Industrial zone technical infrastructure:
Stage 1:
ThangLong Industrial Zone II has completed the work of compensation, site clearance the whole land area of the industrial zone and has completed construction of technical infrastructure on an area of 154.4 hectares.
The system of internal road in the industrial zone, water supply and drainage systems, power supply, firefighting system, water supply plant with capacity of 4,500 m3/day and night and wastewater treatment plant with capacity of 3,000 m3/day and night have been completed and put into operation. Investors are actively investing in building infrastructure for the remaining part of the 65,3 hectares area.
Phase 2: In 2011, the Government has agreed to supplement Thang Long Industrial Zone II to the list of industrial zones that are expected to expand in 2015, with an area of 125.6 hectares. So far, investors are carrying out of compensation, site clearance and ground leveling to implement phase 2 according to the registered progress.
The sector attracting investment project:
Projects in the field of manufacturing of electronic products and precision engineering; the electronic engineering industry, transport machinery, light industry; industrial gas production.
Investment project attraction status:
By the end of 2012, industrial zone has received over 36 projects from Japan with a total investment of 1,040 million USD, including a number of projects with large-scale capital: the projects of Hoya Glass disk Company, Hamaden Company, Toyota, Kyocera Vietnam Co., Ltd… Currently, the total land area of Phase 1 is 106 hectares with occupancy rate of 70% of the land area which is capable for rent in phase 1 (106/154 hectares). In total registered projects, there are 21 projects went into operation, creating jobs for about 4,000 workers.
Owner of Thang Long II Industrial Zone:
Thang Long II Industrial Zone Co., Ltd
For more information, please contact ANT Consulting.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation. 
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn



Thứ Hai, 10 tháng 10, 2016

Hoa Lac Hi-Tech Park

Overview
HoaLac Hi-tech park is one of the first crucial projects of Vietnamese Government which aims to develop hi-tech industry and national R&D. The total area of this project is 1.586ha with 9 main functions: Education and Training, Software, R&D, silicon valley, center, general service area, resident and office buildings, residence buildings for experts and workers, Entertainment and Sport center. Hoa Lac hi-tech park is expected to become a national center of research, development and application of high technology which incubates high tech enterprises, create qualified labor, leverage high tech production and trading with full facilities, infrastructure and services of modern technology city.

Why choose Hoa Lac hi-tech park?
Good location
High qualified labor
Modern infrastructure
Investment
Policies which highly favor investment
“One door” mechanism
Location
Hoa Lac Industrial Park is located 25km away to the West from Hanoi, 42km away from Noi Bai Airport and 100km away from Hai Phong. It also lies next to Hanoi National University. It has advantages in terms of traffic to Hanoi through Thang Long high way and other locations
Modern infrastructure
Waste water treatment system
Modern internal route system
Water resources: 3000m3/daily
Electricity with power stations of 63 MVA
Internet/Telecommunication: Viettel, FPT and VNPT
Labor resources
Human resource development is one of the most important factors of Hoa Lac hi-tech park. It was proven by the fact that the park is located next to Hanoi National University – one of the most well-known universities in Vietnam with variety of training departments: economics, technology, finance, accounting and other social fields. In 2020, there will be around 60.000 students studying in this area and the number will increase to 100.000 in 2050. Also, FPT university and other universities such as Vietnam-Japan University, University of Science and Technology have been active in the park
Industries that are highly favored
IT
Bio- technology
New material technology
Automatic technology
Investment Criteria of R&D
Modern technology: 1/3 automatic equipment
R&D investment: 1% of total revenue
Engineers: 5% of total employees working in R&D
Environment protection: ISO 14000
In order to create a science city and guarantee quality for people working and studying in the area, Hoa Lac hi-tech park also prioritizes the investors which invest in resident building, office, shopping malls, hospital schools, logistic service and entertainment 
Favorable conditions
Income taxes:  
0% in 4 years (since the first year that the enterprises pay taxes)
5% in 9 following years (tax exempt period)
10% in 2 consecutive year (tax exempt period)
10% tax rate income reduction for enterprises taking part in corporate social responsibility
Import-export tax: Tax exempt for imported fixed assets such as raw material, equipment to produce high tech products, software which local countries has not yet involved, imported goods to serve R&D
Value added tax: Tax exempt for equipment, machines and transportation which has not been produced within Vietnam or used for technology R&D
“One door” mechanism
It aims to bring effectiveness for the investors to do all the procedures with the best favorable package. The BOD of Hoa Lac hi-tech park works as a bridge between the investors and other government agencies, thus facilitating the legal procedure. The investors are able to set up business, do all custom procedures, banking transaction and other administration in the park in the most efficient way.
Main functions of the park
Total areas: 1586 ha
Main areas:
Software: 60ha
R&D: 281ha
Silicon Valley: 549.5ha
Education and Training: 138ha
Supporting areas:
Center: 50ha
General services: 87,7ha
Entertainment and Sport: 33.12ha
Buildings for residence: 25ha
Buildings for residences and office: 42ha
Education and training areas:
Covered area: 98.3ha
Criteria:
Building density: 20.39%
Floors: min. 2
Floor area ration: max 0.764 times
R&D area:
Covered area: 55.7ha
Criteria:
Building density: 30-35%
Floors: 4-6 floors
Floor area ration: 1.5 to 2.1 times
Software area:
Covered area: 17.5ha
Criteria:
Building density: 23.4%
Floors: 5 floors
Floor area ration: 0.99 times
Silicon Valley:
Covered area: 117.1ha
Criteria:
Building density: 40-60%
Floors: min. 2
Floor area ration: 1.2 to1.8 times
Center areas:
Covered area: 12.1ha
Criteria:
Building density: 23-41%
Floors: 2-40
General service areas:
Covered area: 16.5ha
Criteria:
Building density: 26-38%
Floors: 2-18 floors
Floor area ration: 2.9 to 4.3 times
Building for experts and workers:
Covered area: 0
Criteria:
Building density: 34%
Floors: 2-30 floors
Floor area ration: 4.79 times
Residence and office building:
Covered area: 0
Criteria:
Building density: 42%
Floors: 3-25
Floor area ration: 2.47 times
Sport and entertainment:
Covered area: 33.12
Criteria:
Building density: 17.9%
Floors: 2-9 floors
Floor area ration: 0.47 times
Besides, there are two center that have been very active in the park: High Tech Enterprise Incubator Center (www.hb.org.vn) and Training Center (www.vitec.org.vn)
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn



Thứ Sáu, 7 tháng 10, 2016

Korean Corporation Wants to Build Racecourse in Vietnam

Chairman of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore opportunities for cooperation in this locality by setting up a business.


At the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is to explore investment opportunities to build the racecourse and entertainment complex in Thuan Thanh district (Bac Ninh), with investment capital in the first phase reaches 500 million USD.
When the project goes into operation, it will form the kind of attractive sport and entertainment services for the community, creating jobs for 5,000 – 10,000 labors, making great contribution to the budget and contributing to the economic and social development of Bac Ninh province.
According to Chairman of Bac Ninh province, this highly feasible project has large-scale investment, under conditional business lines that require the approval of Vietnam Prime Minister. Provincial Leaders recommended the Korea Corporation to coordinate closely with the concerned departments to complete the procedures according to Vietnam law, submitting to the ministries and Prime Minister for approval.
Chairman of Bac Ninh province also committed that within 10 working days from the time receiving the approval of Prime Minister, this province will complete the legal formalities for the project to be implemented soon and put into operation in an effective way.
Reportedly, a project to build 27-hole golf course is being implemented in Thuan Thanh district (Bac Ninh).


Thứ Tư, 5 tháng 10, 2016

India’s Auto Parts Firm is Setting up Factory inVietnam

Pricol, the 40-year-old company in India, currently has 8 production facilities and 7 international offices.


As published on the India Times newspaper, Pricol is planning to expand operation in overseas markets by opening new plants and implementing acquisitions globally.
According to the CEO of Pricol, the company will set up new plants in Mexico and Vietnam… Along with it, the company is searching for acquisition targets in Europe to reach this market. All these plans are included in the company’s vision till 2020. By 2018, Mexico will be the largest market for auto parts and the project in Vietnam will be started in the following year.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation. 
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows. We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn



Thứ Hai, 3 tháng 10, 2016

FDI in Real Estate Reached 1 Billion USD in 2016

The area of real estate business attracted total FDI capital reached 1 billion USD in the first 9 months of 2016.

Foreign Investment Department (Ministry of Planning and Investment) has announced FDI report for the first 9 months of 2016. Accordingly, there were 1,820 newly licensed projects with total registered capital of 11.02 billion USD, increased by 1.1% over the same period. Meanwhile, there are 851 projects registered to adjust capital with the added value of 5.3 billion USD, decreased by 13.9% over the same period.

Generally in the first 9 months of 2016, total newly registered and additional capital reached 16.4 billion USD, decreased by 4.2% over the same period in 2015.
In 9 months, foreign investors have invested in 19 sectorsin which the field of processing industry, manufacturing is the sector attracting more attention of foreign investors with 767 new projects and 608 respectively adjust capital projects.
In 9 months, foreign investors have invested in 19 sectors, in which the field of processing industry and manufacturing are the sectors attracting more attention of foreign investors with 767 new projects and 608 projects register to adjust capital.
Total new and increasing capital to processing industry and manufacturing reached 12.15 billion USD, accounting for 73.9% of total registered capital in 9 months.
In particular, the field of real estate business ranks 2nd with 34 newly registered projects, total capital reached 1 billion USD. The field of professional activities, science and technology ranks 3rd with 649 million USD, accounting for 3.9% of total investment capital…
In the first 9 months of 2016, there are 65 countries and territories have investment projects in Vietnam. Korea leads the way with a total investmentcapital reached 5.58 billion USD. Singapore ranked 2nd with total investment of 1.84 billion USD. Japan ranked 3rd with total investment capital of 1.7 billion USD.
Foreign investors have invested in 54 provinces and cities in which Hai Phong attracted the most investment capital with 37 new projects and 28 projects register to adjust capital, corresponding to 2.74 billion USD. Followed by Hanoi and Dong Nai with total investment capital of 1.97 and 1.89 billion USD respectively.
Some large projects that are licensed in the first 9 months of 2016 including LG Display Hai Phong with total registered investment capital of 1.5 billion USD, invested by LG Display Co., Ltd (Korea). The goal of the project is producing and processing plastic OLED display products for mobile devices such as cell phones, smart watches, tablets.
LG Innotek plant project in Hai Phong with total registered investment capital of 550 million, invested by LG Innotek Co., Ltd. (Korea) with the goal of producing camera modules.
Amata City project in Long Thanh has a total investment of 309.3 million USD, invested by Thai investor with the goal of building service urban in Dong Nai.
ANT Consulting is here to assist you from the outset; providing corporate intelligence, risk advisory, management consulting services that assist market entrance, and ensure efficient business start-up operation. 
We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn