Entering a business venture with a Vietnamese

I’m considering entering a business venture with some Vietnamese colleagues. I’m able to draw up a simple contract in English but am not sure what I need to do to make it legal and binding. Would I have to get it translated? If so, can it be translated by anyone, or are there registered agencies I’d have to go through? First, … Read more

Protecting Your Consumer Rights

Dear Hadrien, I recently bought a new HD television in a big electronics store. At home, I installed it and watched a DVD. But after two hours, the screen went black and I couldn’t get it to work again. When I found out that not only the TV, but now also my DVD player is defective, I went back to … Read more

Pay it Forward

Taking mobile payment in Vietnam to the next level With smartphones on the rise and the digital payment platform still a black hole, will 1Pay become the PayPal of Asia? 1Pay from Vietnam seems to think so. The startup, formed earlier this year, is focused on making payments for digital goods using your smartphone a reality here. The basic idea is that … Read more

Invest Wisely

Dear Afonso, I want to invest my money but how do I know the investment companies in Vietnam are legitimate and not just shell companies that will take my money and then disappear the next day? I’ve even heard that people have created fake branches here using well-known investment firm names.Before answering your question, we … Read more

A Chain Reaction

With big names like Starbucks, Burger King and McDonald’s dominating local headlines, Oi decided it was time to shine the spotlight on homegrown franchises that you may not have heard about, but should Startup Coffee “We obviously can’t take Starbucks head on, so guerilla warfare is the way to go,” Mai Truong Giang, Founder and … Read more

At Your Service

A new concierge service that can take care of your personal and business needs at local prices Few things are as exciting as moving to an exotic foreign locale and starting life as an expat. The senses are bombarded with new sights, smells, and tastes. An array of new experiences are collected that work to … Read more

Go East, Young Man

It used to be that the buzzword was “go west” to seek your fortune. But in the 21st century, it is Asia which attracts the young entrepreneurs While Western newspapers are awash with stories of unfettered immigration, overcrowded cities and increasingly fractious multi-cultural societies, what gets less air time, is the tide of emigration flowing … Read more

Franchising in Vietnam

Buying the rights to a major brand’s name comes with major paperwork and obstacles as our expert in the industry explains… THERE CAN BE little doubt that Vietnam is the type of market where the franchising business model is growing and thriving. With a large consumer base, rapidly rising incomes, a very educated, young and … Read more