9 Unusual Ways to Cut Costs in the Office

Cutting office Costs is expenses that accompany operating an office desire they’re very set. You need certain software, a coffee pot, and therefore the right furniture, or it is not really an office. That doesn’t allow for a lot of savings. If you’re willing to think outside the box when it involves the prices in your office, there are some ways to scale back the cash you spend.

1. Audit Your Energy Use

Utilities are often an enormous expense within the office and cutting your costs there can help tons. You can often plan to have your local utility company provide you with an energy audit freed from charge. This will help you find a lot of quick fixes.

2. Share Equipment with Other Offices

How often do you use a copy machine? A fax machine? Any of the other equipment that seems to be usual for an office? Provided you’re in an office block where other companies even have space, there is no reason to urge dedicated equipment. If you carefully plan trips to a different office, you’ll be ready to share that equipment albeit you do not work nearby. Create a standard fund to shop for and maintain the shared equipment and both companies can cut costs.

3. Outsource What Someone Else Can Do Cheaper

Because the courier service can take several companies’ mail to the post office in one trip, the general cost is cheaper than if individual companies handled things on their own. Furthermore, Baptist can spend more of her time on work which will usher in income for her business.

4. Look at Alternative Spaces for Office Costs

Finding office space is often an upscale proposition, but the prices go up if you simply check out spaces that are officially meant for housing offices. Depending on your company’s needs, anything from a warehouse to an apartment could be even as adequate. You do have to make sure that physical planning and your lease allow for your business, but you can find alternatives more often than you might expect.

5. Barter for Services and Products

If you’ve got the supply in your schedule, trading your work for an additional company is often worthwhile. Bartering isn’t a good way to handle every client, but if there’s something that you really need, you can often get it for below the price tag if you barter. It’s important to make sure that you’re getting a fair value for what you’re offering, of course. When you’re bartering, it’s not always easy. Take under consideration what you’d make if you merely sold a service or product, also as what it’ll cost you to offer it away for free of charge.

6. Consider Where You’re Getting Your Power

We typically just call up the utility company and have them start our service once we found out a replacement office. Depending on your state, you may be able to bid out your power and gas usage.

7. Encourage Your Employees to Get Healthy for Cutting Office Costs

Whether or not you can offer health insurance, healthy employees are less expensive. You don’t need to worry about as many sick days, lost productivity, or maybe hiring temps. The same thing goes for you, as the boss. Losing time to mild illnesses are often an enormous drain on your business, so take food out of the slot machine or organize group trips to the gym.

8. Get Rid of the Printer

Having a printer means you’ve got to shop for paper and ink, alongside the occasional replacement for your current printer.

9. Ditch the Phone Line

As long as you’ve got an online connection in your office, you’ll reduce or maybe eliminate your costs for the telephone company. There are a variety of voice over IP tools that not only let you take phone calls through the internet but also give a phone number or call out to a regular phone line easily. There are also a variety of fax services.

To find out more Office administration tips, you can click here: https://lookoffice.vn/category/office-administration-tips/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/9-unusual-ways-to-cut-costs-in-the-office

Read Vietnam Economy Weekly News

Investment project subject to investment policy decision

Authority to decide investment policy of the National Assembly

Except for projects whose investment policy is decided by the National Assembly in accordance with the law on public investment, the National Assembly shall decide on investment policies for the following investment projects:

1. Projects that have a major impact on the environment or have the potential to seriously affect the environment, including:
(a) nuclear power plants;
b) Change of land use purpose of national parks, nature reserves, landscape protection areas, scientific research, or experimental forests of at least 50 hectares; headwater protection forests of 50 ha or more; protective forests for wind, sand, wave, sea encroachment or environmental protection at 500 ha or more; production forests of 1,000 ha or more;

2. Land use requiring a change of the use purpose of land under wet rice cultivation for two or more crops with an area of ​​500 hectares or more;

3. Relocation and resettlement of 20,000 people or more in mountainous areas, 50,000 people or more in other regions;

4. Projects applying specific mechanisms and policies that need to be decided by the National Assembly.

Competence to make a decision investment policies of the Prime Minister

Except for projects whose investment policy is decided by the Prime Minister in accordance with the law on public investment and projects whose investment policy is decided by the National Assembly, whose investment policy is decided by the Prime Minister. Invest in the following projects:

1. A project, regardless of capital source, falls in one of the following cases:
a) Relocation and resettlement of 10,000 people or more in mountainous areas, 20,000 people or more in other regions;
(b) Airport construction and commercial operations; Air transport;
(c) Construction and commercial operation of national seaports;
(d) Oil and gas exploration, extraction, and processing; dd) Betting, betting and casino business;
(e) Tobacco production;
g) Development of infrastructure of industrial parks, export processing zones and functional areas in economic zones;
(h) Construction and commercial operation of golf courses;

2. Projects not falling into the cases specified in Section 1 above and having an investment capital of 5,000 billion VND or more;

3. Projects of foreign investors within the field of the ocean transportation business, providing telecommunications services with network infrastructure, afforestation, publishing, journalism, the establishment of science and technology organizations, joint ventures 100% foreign capital in science and technology;

4. Other projects falling under the competence of the Prime Minister to decide on investment policies or to decide on investment in accordance with the law.

Authority to decide on the investment policy of the People’s Committee of the province

Except for projects subject to an investment policy decision by the People’s Committees of provinces in accordance with the law on public investment and projects invested by the National Assembly, the Prime Minister or the Committee. private. Provincial-level People’s Committees shall decide on investment policies for the following projects (except for investment projects implemented in industrial parks, export processing zones, hi-tech zones, economic zones in accordance with the planning. approved by a competent authority):

1. Projects which are assigned or leased land by the State without going through auction, bidding, or transfer; the project must change the land use purpose;

2. Projects using technologies on the List of technologies restricted from transfer in accordance with the law on technology transfer.

Source: GOV

To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guidge/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/investment-project-subject-to-investment-policy-decision

Read Vietnam Economy Weekly News

Office Grades Explained

Office space classifications were created to assist estate agents, surveyors, investors, and everybody else within the property industry categorize building quality so as to justify property prices. However, there’s no formal international standard for classifying office buildings. So, to clarify the difference between a grade A office block and sophistication c office space once and for all, we’ve compared resources from around the web, talked to industry experts, and drawn on our own knowledge from years within the industry to make a definitive explanation about Office Grades.

Office Grades is What is Grade A Office Specification?

A grade A office block is the pinnacle quality that will be achieved. This property is going to be fresh or have undergone an entire redevelopment with a high-specification renovation, it’ll be well-located with good access and be professionally managed in Office Grades.
Generally, there tends to be a bigger provision of this classification of offices in large cities where demand is highest and there’s a better level of occupier churn. Also, grade A offices can often be found in high-rise buildings, meaning higher limits, a more spacious, naturally-lit space, and a central, manned lobby.
Due to their high standards, these properties cost more to get, however, they provide higher rentals.

What is Grade B Office Specification?

The term ‘class B office space’ refers to property that has been previously occupied and isn’t quite to the extent of quality expected of a Grade A office. Grade B office space is taken into account ‘average’ and perfectly usable.
This type of commercial space may be categorized as so because it is in a less desirable location, for example in an out-of-town industrial estate rather than in the city center, or because it hasn’t been renovated in recent years. In fact, some properties set out as grade A but get downgraded with time.

What is Grade C Office Specification in Office Grades

Class C office space in Office Grades is that the lowest specification available. This usually refers to buildings that are twenty plus years old and are found in less advisable areas. These buildings aren’t aesthetically pleasing, technology is out-dated, and infrastructure is lacking, therefore they provide rock bottom yields and are often targeted by developers and utilized by smaller companies.
With large renovation, grade C office space can become grade B, but it’ll never become grade A thanks to its age and size.

What Influences an Office Space Classification?

When defining which category a billboard property fit-out adheres to, there are a variety of elements to think about, including:

• Property age
• Location
• Access
• Parking
• Number and speed of elevators
• Security
• Construction
• Nearby or onsite amenities

To find out more about the Know-how to lease/rent an office, you can click here: https://lookoffice.vn/leasing-office-news/know-how/

Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/office-grades-explained

Read Vietnam Economy Weekly News

Trade Opportunities: Nigerian businesses need to import fish feed

Trade Opportunities:  The company “GANIC FOODS LTD”, has a demand for fish food

Domestic companies that are able to provide, please contact:

Company Name: GANIC FOODS LTD
Address: 10th Floor, UAC Building, Odunlami Street, Marina, Lagos
Contact Person / Position: Bukola Adelabu / Chief Operating Officer
Emai: bukola@ganicfoods.com
WhatsApp: +234 803 345 1150
Import: Dog Food & Fish Feed bulk importation.

Note:
– Please send the first email to the Trade Office (ng@moit.gov.vn) for the partner to know the source of information;
– After sending the email, offer to text and call WhatsApp to partner;
– Enterprises in Africa do not use Zalo, WeChat.

RECOMMENDATION OF VIETNAM TRADE AT NIGERIA:
– To avoid risks, domestic exporters must request importers to accept payments by irrevocable letters of credit (Irrevocable Letter of Credit, at sight, abbreviated as L / C).
– Telegraphic Transfer (T / T) payment is not accepted with deferred payment of 50% (70%) after receiving goods;
– Do not use the form of payment “Thanks for deferred payment – Documents Against Acceptance (D / A)”;

Source: Vietnam Trade Office in Nigeria

To find out more Trade Opportunities, you can click here: https://lookoffice.vn/economy-business-investment/trade-opportunities/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/trade-opportunities-nigerian-businesses-need-to-import-fish-feed

Read Vietnam Economy Weekly News

Legal Procedures Needed When Renting an Office

Searching for an office does not just stop at finding a suitable office address, but it is more important for those who rent an office that is to have an office lease with terms of assurance. Harmonize interests between businesses and building management units and especially ensure legal procedures required by the state.

1. Office lease contract in Legal Procedures

An office lease is a written document that is bound by the lessee of the office and the lessee. As with any other contract, an office lease should be thoroughly reviewed by an attorney.
Most lawyers can review a lease in less than an hour. Therefore, the service fees that have to be paid to a lawyer to do this are not a huge expense, but it is a way to ensure safety and avoid problems that may arise in the future.

2. How to calculate the rental price and the office space

Many leases offer common ground rent per square meter. This price can be confusing.
Sometimes it includes unusable spaces, such as hallways and elevators. It makes it difficult to compare two contracts with each other.
In that case, look at the total payable. Sometimes a slightly smaller space with a slightly higher price per square meter may be more efficient for your business, as the space is more streamlined and has a higher use value ”.

3. Office lease term for Legal Procedures

New business owners sometimes don’t want to rent out a location for a long time, or just for a short time. That way, they take the precaution that if the business fails, they won’t be forced to pay large sums of money for a space that is no longer in use.
But it can be difficult to rent in the short term if you are in a stressful real estate market.
As rental space becomes scarce, many office buildings fail to satisfy tenants with tenor of less than one year.

4. Repair of rental premises

You may want to save money by making repairs yourself, but most leases require permission from the building or the owner’s company.
It is a good idea to present your remodeling plan before signing the lease.

5. Legal Procedures is What should and should not be in the contract

Many business owners focus on the rent and not on what they get for the money. Some buildings agree to pay for electricity and part of shared area maintenance.
There is a full lease, covering all costs, but some landlords or property management companies only sign a lease where they pay only property taxes, insurance, and insurance themselves. maintenance. In these cases, the rent will be lower.
Business owners should be wary of non-money terms too. For example, does a landlord require that lights, fans, or air conditioning be turned off after work or on weekends? This clause will make it difficult for you if you plan to work overtime.
In addition, the fee (if any) when working overtime or overtime should also be included in the contract.

6. Sublease and usage rights permitted

If you decide to move or only use part of the rentable space, you may want to sublease or lease out part of the space you are renting to another business. But this in turn requires permission from your landlord.
Most leases specify what kind of work you are allowed to do. Homeowners often want as little “allowable use rights” as possible. So, in most cases, you should go about the regulation more broadly, in case you plan to grow your business later.

7. Costs of inflation prevention

Beware of inaccurate operating cost calculations. It is not uncommon for landlords to charge 10 to 15 percent more than their real costs.

To find out more Office administration tips, you can click here: https://lookoffice.vn/category/office-administration-tips/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/legal-procedures-needed-when-renting-an-office

Read Vietnam Economy Weekly News

Conditional Sectors and Trade and Banned from Business Investment

Sectors & Trades banned from Business Investment

Sectors and trades banned from business investment include:

– Trading in narcotics as prescribed in Appendix 1 to the Investment Law.

– Trading in chemicals and minerals specified in Appendix 2 of the Investment Law

– Trade-in specimens of wild flora and fauna specified in Appendix 1 to the Convention on International Trade in Endangered Species of Wild Plants and Animals; specimens of endangered rare and precious wild fauna and flora in Group I originating from the wild according to the provisions in Appendix 3 of this Law;
(The production and use of the above products in analysis, testing, scientific research, healthcare, pharmaceutical production, crime investigation, defense, and security protection comply with the Government’s regulations. covered).

– Commercial prostitution;

– Buying and selling people, human tissues, organs;

– Business activities related to human cloning.

Sectors and Trades Subject to Conditional Business Investment

Sectors and trades subject to conditional business investment are the ones in which the business investment in that line must satisfy the conditions for reasons of national defense, security, order and safety. social, social ethics, community health.

The list of sectors and trades subject to conditional business investment is specified in Appendix 4 to the Investment Law as follows:

APPENDIX 4

LIST OF SECTORS AND TRADES SUBJECT TO CONDITIONAL BUSINESS INVESTMENT

No.	Sectors and trades
1	Making seals
2	Trading in supporting tools (including also repair services)
3	Trading in firecrackers
4	Pawn services
5	Massage services
6	Trading in signaling devices of priority vehicles
7	Security services
8	Trading in paintball guns
9	Practicing law
10	Practicing notary public profession
11	Practicing the profession of judicial examination in the fields of finance, banking, construction, antiques, relics and copyright
12	Practicing the profession of property auctioneer
13	Services provided by commercial arbitrations
14	Practicing the profession of bailiff
15	Practicing the profession of property administrator
16	Accounting services
17	Auditing services
18	Tax procedure completion services
19	Customs clearance services
20	Trading in duty-free goods
21	Bonded warehouse services
22	Inland cargo consolidation services
23	Storage and customs clearance services inside and outside border gates
24	Securities trading
25	Provision of securities registration, depository, clearing and payment services by the securities depository center/organization of exchanges for listed securities and securities of other types
26	Insurance business
27	Re-insurance business
28	Insurance brokerage
29	Insurance agency
30	Insurance agent training services
31	Price appraisal services
32	Consultancy services for enterprise valuation for equitization
33	Lottery business
34	Prize-winning electronic games for foreigners
35	Debt collection services
36	Debt trading services
37	Credit rating services
38	Casino business
39	Betting business
40	Voluntary pension fund management services
41	Petrol and oil trading
42	Gas trading
43	Commercial assessment services
44	Trading in industrial explosives (including also explosive destruction services)
45	Trading in explosive precursors
46	Dealing in sectors and trades involving the use of industrial explosives and explosive precursors
47	Blasting services
48	Trading in chemicals, except those banned under the International Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and their Destruction
49	Trading in inorganic fertilizers
50	Trading in liquors
51	Trading in tobacco products, tobacco materials or machinery and equipment of the tobacco industry
52	Operation of goods exchanges
53	Electricity generation, transmission, distribution, wholesale, retail, import and export and provision of consultancy services in the electricity industry
54	Trading in food subject to specialized management of the Ministry of Industry and Trade
55	Rice export
56	Temporary import for re-export of excise tax-liable goods
57	Temporary import for re-export of frozen goods
58	Temporary import for re-export of goods on the list of used goods
59	Commercial franchising
60	Trading in coal
61	Logistic services
62	Trading in minerals
63	Trading in precursors for industrial use
64	Goods sale and purchase activities and activities directly related to goods sale and purchase activities of foreign investors
65	E-commerce
66	Petroleum activities
67	Conformity assessment services for pressure equipment and lifting equipment for industrial use, chemicals, industrial explosives, mining and petroleum equipment, except those for offshore exploration and exploitation
68	Vocational training
69	Joint vocational training at intermediate and collegial levels with foreign or foreign-invested vocational training institutions
70	Fire prevention and fighting services
71	Vocational skill assessment services
72	Quality inspection services for joint vocational training programs with foreign vocational training institutions or foreign-invested vocational training institutions in Vietnam
73	Labor safety inspection services for machinery, equipment and supplies subject to strict requirements on labor safety
74	Labor safety and sanitation training services
75	Employment services
76	Provision of guest worker services
77	Voluntary drug detoxification services
78	Regulation-conformity certification and announcement services
79	Labor outsourcing services
80	Road transportation
81	Car warranty and maintenance services
82	Motor vehicle inspection services
83	Automobile driver training services
84	Traffic safety inspector training services
85	Vehicle driver testing services
86	Traffic safety inspection services
87	Waterway transportation
88	Inland waterway vessel building, conversion, repair and restoration services
89	Inland waterway vessel crewmember and operator training services
90	Sea transportation, shipping agency
91	Multi-level marketing
92	Seagoing ship towage services
93	Import and demolition of used seagoing ships
94	Seagoing ship building, conversion and repair services
95	Commercial operation of seaports
96	Air transportation services
97	Provision of the services of designing, manufacturing, maintaining or testing aircraft, aircraft engines, aircraft propellers and other aircraft equipment and devices in Vietnam
98	Commercial operation of airports and airfields
99	Aviation services at airports and airfields
100	Flight assurance services
101	Aviation staff training and retraining services
102	Railway transportation
103	Commercial operation of railway infrastructure
104	Dealing in urban railway
105	Multimodal transportation services
106	Road and waterway transportation of hazardous cargoes
107	Pipeline transportation
108	Maritime assurance services
109	Real estate business
110	Training and re-training in real estate brokerage knowledge, real estate valuation and real estate exchange management and administration
111	Training and re-training in professional knowledge about apartment building operation management
112	Training and re-training in professional knowledge about management of construction investment projects
113	Project management consultancy services
114	Construction surveying services
115	Construction designing and construction design appraisal services
116	Work construction supervision consultancy services
117	Work construction services
118	Construction investment project formulation and appraisal services
119	Construction activities of foreign investors
120	Construction investment cost management services
121	Construction work quality assessment and conformity certification services
122	Lighting and greenery system operation management services
123	Common-use infrastructure system operation management services
124	Construction planning services
125	Urban planning services provided by foreign organizations or individuals
126	Trading in white asbestos products of the serpentine group
127	Postal services
128	Telecommunications services
129	Import of radio transmitters and transceivers
130	Digital signature certification services
131	Establishment and operation of publishing houses
132	Printing services
133	Publication distribution services
134	Social network services
135	Online game services
136	Pay radio and television services
137	News website development services
138	Processing, recycling, repair or renewal of used information technology products on the list of used information technology products banned from import for foreign partners
139	On-demand television services
140	Provision of information contents and information technology services on mobile telecommunications networks and the Internet
141	Trading in mobile phone jamming devices
142	Trading in or providing information security products or services
143	Operation of higher education institutions
144	Operation of foreign-invested educational institutions, representative offices of foreign educational institutions in Vietnam, branches of foreign-invested educational institutions
145	Operation of continuing education institutions
146	Operation of national defense-security education centers for students
147	Operation of general education institutions
148	Professional secondary education
149	Operation of specialized schools
150	Operation of pre-school institutions
151	Joint training with foreign partners
152	Organization of extra-curricular teaching and learning activities
153	Aquatic resource exploitation
154	Trading in fishing gear and equipment for aquatic resource exploitation
155	Trading in aquatic products
156	Trading in aquatic animal feed
157	Trading in bio preparations, microorganisms, chemicals and substances for treatment and improvement of aquacultural environment
158	Aquatic breed assay services
159	Aquatic feed assay services
160	Breeding, rearing or artificial propagation of wild fauna or flora species prescribed in the appendices to the CITES
161	Breeding, rearing or artificial propagation of endangered, rare and precious species of wild fauna or flora not prescribed in the appendices to the CITES
162	Breeding and rearing ordinary wild animals
163	Import, export, re-export, transit, and introduction from the sea of natural specimens of species prescribed in the appendices to the CITES
164	Import, export and re-export of samples of bred or reared animals or artificially propagated plants of species prescribed in the appendices to the CITES
165	Trading in plant protection drugs
166	Treatment of objects subject to plant quarantine
167	Plant protection drug assay services
168	Plant protection services
169	Trading in veterinary drugs, bio-preparations, vaccines, microorganisms and chemicals for use in animal health
170	Technical services in animal health
171	Testing and surgery services for animals
172	Vaccination, diagnosis, prescription, medical treatment and heath care services for animals
173	Veterinary drug testing and assay services (veterinary drugs include veterinary drugs, veterinary drugs for aquatic animals, vaccines, bio-preparations, microorganisms and chemicals for use in animal health and aquatic animal health)
174	Concentrated husbandry, breed production; slaughtering services; animal and animal product isolation and quarantine services; production of animal feed materials from animal products; preliminarily processing, processing and preservation of animals and animal products; trading in animal products, preliminarily processing, processing, packaging and preservation of animal products
175	Trading in foods subject to specialized management by the Ministry of Agriculture and Rural Development
176	Trading in and assay of organic fertilizers
177	Trading in plant varieties and animal breeds
178	Production of animal feed
179	Import of animal feed
180	Export and import of endangered, rare and precious terrestrial animals subject to supervision as prescribed in the appendices to the CITES
181	Trading in forest plants and animals restricted from commercial exploitation and use
182	Trading in ornamental trees, shade trees and ancient trees exploited from domestic natural forests
183	Trading in charcoal or firewood originating from domestic natural forest timbers
184	Trading animal sperms, embryos, hatching eggs and larva
185	Services involving the use of bio-preparations, microorganisms, chemicals and environmental treatment and improvement substances in aquaculture
186	Services of testing and assay of bio-preparations, microorganisms, chemicals and environmental treatment and improvement substances for use in aquaculture
187	Trading in genetically modified products
188	Bidding profession training and re-training services
189	Services provided by bidding agents
190	Investment project evaluation consultancy services
191	Investment project evaluation training services
192	Medical examination and treatment services
193	HIV testing services
194	Tissue banking services
195	Assisted reproductive services, sperm and embryo storage services
196	Trading in drugs
197	Drug testing services
198	Manufacture of cosmetics
199	Infectious disease-causing microorganism testing services
200	Vaccination services
201	Trading in pesticides and antiseptics for medical use
202	Opioid substitution treatment services
203	Trading in foods subject to specialized management of the Ministry of Health
204	Cosmetic surgery services
205	Implementation of surrogacy techniques
206	Drug bioavailability and bioequivalence assessment services
207	Clinical trial of drugs
208	Trading in medical equipment and devices
209	Operation of medical equipment-classifying institutions
210	Medical equipment inspection services
211	Industrial property examination services
212	Performance of radiation jobs
213	Atomic energy application assistance services
214	Import, export and transportation of radioactive materials
215	Conformity assessment services in science and technology
216	Inspection, calibration and testing of measuring devices and measurement standards
217	Trading in safety helmets for motorcycle riders
218	Technology assessment, valuation and examination services
219	Intellectual property representation services
220	Film production
221	Antique assessment services
222	Formulation, implementation and supervision of the implementation of, projects to maintain, upgrade and restore relics
223	Karaoke or discotheque business
224	Travel services
225	Dealing in sports activities
226	Organization of art performance, fashion shows, beauty or model contests
227	Dealing in phonograms or video recordings of songs, dances and dramas
228	Festival organization services
230	Accommodation services
231	Advertising services
232	Trading in national relics, antiques and treasures
233	Museum services
234	Dealing in electronic games (except prize-winning electronic games for foreigners and online prize-winning electronic games)
235	Export of relics and antiques not under state ownership or ownership of political organizations or socio-political organizations; import of cultural goods subject to specialized management by the Ministry of Culture, Sports and Tourism
236	Copyright and related rights examination services
237	Land survey and valuation consultancy services
238	Land use plan and master plan formulation services
239	Development of information technology technical infrastructure and software for land information systems
240	Land database building services
241	Land valuation services
242	Land use rights auction services
243	Measuring and mapping services
244	Ground water drilling services
245	Ground water exploration services
246	Water exploitation, treatment and supply services
247	Water drainage services
248	Mineral exploration services
249	Mineral mining
250	Hazardous waste management services
251	Scrap import
252	Environmental observation services
253	Consultancy services in formulation of strategic environmental impact assessment reports, environmental impact assessment and detailed environmental protection plans
254	Trading in bio-preparations
255	Discarded product withdrawal, transportation and disposal services
256	Business activities of commercial banks
257	Business activities of non-bank credit institutions
258	Business activities of cooperative banks, people’s credit funds and microfinance institutions
259	Intermediary payment services
260	Credit information services
261	Foreign exchange operations
262	Trading in gold plate
263	Manufacture of gold plates, export of material gold and import of material gold for manufacturing gold plates
264	Manufacturing gold jewelry and fine art articles
265	Import of goods subject to specialized management by the State Bank of Vietnam (vault doors)
266	Money printing and casting
267	Trading in clothing and equipment for armed forces, military weapons, equipment, devices and vehicles exclusively used for national defense or security; components, parts, spare parts, supplies and equipment of special categories and their manufacturing technologies

Source: GOV

To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guidge/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/conditional-sectors-and-trade-and-banned-from-business-investment

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How to Find a Cheap Office for Lease in Saigon

Office space is one of the large expenses a growing or small company incurs. Negotiating an inexpensive office for lease can prevent enough cash to rent a couple of more employees or to launch a marketing campaign.

Don’t compromise about location of Cheap Office

Firstly, you should ensure that the office is close enough for your team members to commute even if you must pay a little bit more for the exact location. In the long run, it will be cheaper since you can keep better employees around. Losing key employees can devastate your business and it’s not worth it at all. Don’t forget to stay clients in mind when choosing a location. Is the office building easily accessible? Will they be able to find it easily? Moreover, if there are places you would like to go to often for business purposes like meeting spaces or banks, they ought to be nearby also.
However, in Saigon, an office for lease in district 2 is a good option that many people have chosen.

Have a Strict Budget in Mind

If the cost is your biggest concern, determine the number before you even start looking to find a budget that will allow you to operate comfortably. Don’t choose an office that’s getting to put your business into debt and stunt its growth. It’s not that important.

Account for Extra Expenses for Renting Cheap Office

There are tons of expenses that enter renting an office. Extra expenses can add up faraway from what you think that if you don’t account for them in your original budget. Think about all of them, and confirm they’re spelled out clearly within the Lease. Don’t just take your landlord’s word that some utilities are included only to be charged later since that wasn’t officially stated in your lease. You also need to know who is responsible for repairs, you or your landlord.

Get help from an agent

It’s never a bad idea to find help from a real estate agent when renting a property. The process of finding an inexpensive office for lease in Saigon is often overwhelming for a newbie. You are always recommended to seek out a billboard land agent or broker. Make sure they’re conversant in the properties within the area. The whole process is often tons easier and you’ll save some time. An online portal like Mogi is additionally an honest suggestion.

Smaller is better for Cheap Office

Ho Chi Minh city isn’t an outsized city but it’s already overpopulated. Therefore, having an enormous office space will cost your company such a lot of money and it’s not necessary in the least. You can still manage well during a small office as long as you minimize the furniture and arrange everything logically. Landlords are now willing to take small tenants (in previously large spaces) divided into smaller ones. The number of small offices for lease in Saigon has increased.

Consider the lease length

Sometimes, especially for your first office, your company won’t want to urge tied into a long-term commitment. You should consider any case, even bad ones like your business folds, sells, or outgrows the space. For that reason, you actually need to believe where you see your business at the top of the lease period. For example, if it’s a two-year lease, where does one see your business in two years? Do you have an actual decision to get there?

To find out more about the Know-how to lease/rent an office, you can click here: https://lookoffice.vn/leasing-office-news/know-how/

Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/how-to-find-a-cheap-office-for-lease-in-saigon

Read Vietnam Economy Weekly News

Contract Types & Templates

OfficeR&D supports 3 default types of agreements:

• Membership Agreement
• License Agreement
• Lease Agreement

Membership Agreement ( Contract )

The Membership Agreement is more popular within the Coworking World and maybe a thanks to putting a framework and structure around the relationship between you and your members. Usually, the membership agreement specifies the subsequent details about the relationship:

• Start of the contract.
• The number of members/seats/memberships.
• Type of memberships.
• Applied discounts.
• General T&Cs, including Termination & Break clauses, and like this.

The Membership Agreement should never specify the precise office or space that’s given. We recommend that you simply specify a language and terms that allow you to maneuver the members around the space without having to sign a replacement contract. This enables more resilience around upgrading, changing, and downgrading memberships without breaking the terms and conditions.

License Agreement

On the opposite hand, the License Agreement is more structured around the exact office that’s provided to the customer. Originating from the Serviced Office industry within the UK, the License Agreement has more strict rules about its structure and data that it holds. The most important bit is that it expressly states the office that it is licensing. This means that if the member requires to upgrade and change offices, you will have to discontinue the contract and issue a new one for the new office. It is important to notice that the licensee is considered a Member of the Space.
Usually, the license agreement specifies the following details:

• Period and length.
• The name, location, and the number of offices.
• Additional services.
• Applied discounts.
• General T&Cs, including Termination & Break clauses, and like this.

Lease Agreement ( Contract )

While the first two types of contracts are placing the member on the customer side of this, the Lease Agreement, also known as a Tenancy or Rental agreement, is usually signed between a Tenant and a Landlord. Broadly put, a lease agreement may be a contract between two parties, the lessor, and therefore the lessee.
It is important to notice that the Lease agreement usually has more legal consequences.

IMPORTANT: Please, consult a lawyer to form sure the sort and details of the contract also because the terms and conditions reflected within the contract as needed by law in your country or region.

Templates

Following are some important notes about the templates:

• Customize – you’ll fully customize the default templates or contact us at support@officernd.com to assist you customize them consistent with your design;
• Add New Template – you’ll easily add more templates, in case:
  • You need a template in different languages.
  • You have different templates for various sorts of services you provide.

To find out more Office administration tips, you can click here: https://lookoffice.vn/category/office-administration-tips/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/contract-types-amp-templates

Read Vietnam Economy Weekly News

Investing in Vietnam’s Consumer Market: An Overview

Vietnam’s consumer market is consistently evolving, driven by changing consumer lifestyles, income, and behavior. The country has experienced a gentle progression of income in recent years, which may be seen in its rapid climb of total consumer expenditure from US$80 billion to US$171 billion between 2010 and 2018.
This shows that Vietnamese consumers have extra money to spend. In fact, within the primary nine months of 2018, the country experienced an 11.3 percent of increased spending. This growth in consumer activity has undoubtedly created openings for businesses to supply new services and products that are available for consumers.

Evolution of the consumer market in Vietnam

The steady flow of foreign investment into Vietnam has, and can still, propel the economic process. This growth has significantly increased local spending power, with a rise within the expenditure for both urban and rural consumers.
Vietnam’s consumer base may be a young demographic between the ages of 25 and 54 years old, accounting for 45.56 percent of the population in 2017. Vietnam’s consumer demographic is analogous to other countries within the region, like Singapore with 50.53 percent of its population within the age range of 25-54 years old in 2017. However, it’s still relatively younger than developed markets, like Japan, which has 37.5 percent of its population between 25-54 years in 2017.

Assessing industry opportunities

Consumer spending in Vietnam has seen growth in numerous industries, which has changed the market. For example, there is a growing demand for high-quality education; students enrolled in higher education went from 16 percent in 2005 to 29 percent in 2015. The needs of Vietnamese people are changing and may be seen in their demand for higher standards across not only education but health and leisure, to call a couple of.
In 2017, Vietnam’s healthcare expenditure was approximately US$16.1 billion and is projected to grow by US$22.7 billion by 2021. Further, the Ministry of Industry and Trade predicts Vietnam is going to be among the very best three countries in Asia for the highest rate of growth of the food and beverage industry by 2020. This shows people are more willing to enjoys simple everyday pleasures.

Evaluating locations for investment in Consumer Market

Investors should consider a mess of things when surveying a possible investment site. Spending habits are influenced by region due to various levels of wealth and income, also as cultures and preferences in each area. Ho Chi Minh City, for instance, is formed from seven urban districts, all with varying demographics.

Role of e-commerce

The rising role of e-commerce in Vietnam is reshaping consumption – with the amount of internet users rising, people are turning to online retailers. Currently, of Vietnam’s 92 million population and 55.19 million internet users, 35.4 million people use e-commerce as a way of shopping. The total revenue for e-commerce transactions has reached US$2.2 billion and is predicted to succeed in US$4 billion by 2021.

Doing business in Vietnam about Consumer Market

The urbanization of Vietnam’s population has generated greater spending power within the country. However, there are a couple of key factors that pose a challenge when doing business in Vietnam. It is important to know cultural barriers that affect contract negotiations and enforcement, conducting appropriate partner vetting within opaque operating conditions, and being mindful of your time delays when transporting goods due to infrastructure difficulties.

Source: Vietnam-briefing

To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guide/

Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/investing-in-vietnams-consumer-market-an-overview

Read Vietnam Economy Weekly News

Types of Office Layout You Should Know

There are some typical types of Office Layout for you to decorate your office. But first, you need to know what is Office Layout.

Office Layout

The layout of your office is a crucial factor that affects how your employees will perform their tasks. Before you opt on your office layout, you would like to form sure you’ve got identified your office planning objectives. Once these are in situ, you would like to believe the kinds of tasks that your employees perform, their need for interaction with one another and clients, as well as the accessibility of support functions.

Types of Office Layouts

Gone are the days of cubicle-only workplaces. Now, there are many types of office layouts to support different work styles and company needs. Here are some examples of office layout types:

Traditional Type

A traditional office layout is formed from individual offices that are “built-in” meaning that they’re permanent or semi-permanent. This sort of office layout will include a mixture of enclosed offices and meeting spaces with a more open reception area for receiving customers.

Cubicle Type

A cubicle office layout may be a sort of open office plan where the workspaces are created using partition walls on 3 sides to make a box or “cubicle”. This sort of workspace is more room and cost-efficient compared to built-in offices. It is typically utilized in combination with built-in meeting rooms and personal offices for senior staff.

Low Partition Type

A low partition office is the more modern version of the cubicle office, where the height of the partition walls around the workspaces is lower to allow for more light and interaction between workers. Like a cubicle office layout, it’s going to include built-in meeting rooms and offices if more privacy is required.

Team-Based Type

A team-based office layout may be a newer sort of layout where workers are grouped by team. The size and space allocated to every team vary counting on the sort of labor that must get done. A team workspace will often encompass individual workstations and a collaboration space. This reduces the need for meeting rooms.

Open-Plan Type

An open-plan office does away with party walls altogether. Instead, work areas are created and defined using furniture. Desks may be lined up side by side to create “banks” or they may be replaced with multi-person work tables called “benches”. Tables and lounge seating are used to create informal meeting and collaboration areas. The appeal of this sort of office is that it’s very flexible and may recoil, contract, and be reconfigured easily.

Hybrid Type

The hybrid office is one of the most recent office types. It combines elements of all the above office styles supported the requirements of your company. Think of creating your office layout as if you had a menu, from which to pick and choose different “environments” based on the needs of your company. Innovative new office systems are making this more possible and easier than ever.

Co-Working Type

Co-Working offices are one of the greatest workplace innovations of this century. They allow you access to all or any aspects of a contemporary office without you having to make it yourself. Instead, you pay a monthly fee to become a member. Just check-in and find a workstation or spot within the lounge. Like a hybrid office, a co-work office layout will offer a variety of workspaces from open lounge areas to non-public offices and meeting rooms.

Home Type

Home offices are more popular than ever before as flex-time and work from home programs have made it possible. The layout of your headquarters requires careful consideration also to form it an efficient and productive place for you to urge your work done.

To find out more Office administration tips, you can click here: https://lookoffice.vn/category/office-administration-tips/

For Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/types-of-office-layout-you-should-know

Read Vietnam Economy Weekly News

REPRESENTATIVE OFFICE IN VIETNAM – TYPICAL RIGHTS AND OBLIGATIONS

Vietnam-based representative office of foreign investors may be a dependent unit, which is established under the provisions of Vietnamese law to conduct a market survey and variety of economic promotion activities permitted by Vietnamese law.

Typical benefits of Representative office

• With a representative office, foreign investors can found out a lawful office in Vietnam, recruit staff to manage and promote sale contracts with local business partners, research and develop products, seeking opportunities for the purchase or sale of goods, and provision of services… The expatriate employees who work for representatives can obtain a work permit and two years multiple visa (temporary residence card) for themselves and their family in Vietnam. The license of the representative office is renewed after every two or five years. This means you can perform your investment activities in Vietnam form of a representative office.
• Although a representative office can enhance and support tons for business of the parent company like it’s very easy to manage and save cost and avoid risky things from local compliance procedures: No add valued tax, no corporate tax, no accounting books, no budget, no independent audit required… and it’s easy to pack up a representative office also. This means, operating a representative in Vietnam can help to perform your investment in the most economical option.

Typical challenges of Representative office

• A representative office of foreign companies isn’t allowed to perform profit-making activities, and their activities are limited to plug research and other non-profit activities. In case you are doing not have sufficient information to form a choice to take a position in Vietnam yet, it might be an appropriate foothold in Vietnam. Generally speaking, the initial and operating expense of a representative office is far less than the value of getting a subsidiary. On the contrary, having a subsidiary in Vietnam within the sort of either a Joint Stock Company or an indebtedness Company may be a better sort of investment for an investor who intends to manufacture products in Vietnam or to conduct sales activities. As long as you follow the regulations in Vietnam, establishing a corporation in Vietnam gives you more flexibility in business activities.
• A representative office shall suits labor, social welfare regulations by register for labor use and pay monthly insurance. The compulsory payable amount of social welfare may up to 34,5% on the salary budget. Expats working for more than 3 months shall be granted a work permit.
• A representative office shall comply with personal income tax regulations by register tax code numbers for every staff and declare for monthly personal income tax, prepare and submit annual settlement reports. The personal income tax rate for none resident is 20% on the income earned inside Vietnam, for resident is from 5 to 35% on global incomes.
• A representative office shall suits other regulations like anti-money laundering law, other law, mercantile law for any activity in Vietnam. In particular, the representative should collect and manage all the business records related to any query or question from competent authorities. After every 3 to five years of operations, the tax department will perform inspection procedures to verify the truth, fairness, and lawful of every transaction…
• A representative office shall prepare and submit an annual report for the Licensing Department.
• The operation term of a representative office is 5 years at maximum and may be extended.

According to the highest current local regulations,

• Commercial Law 36/2005/QH11 dated Flag Day, 2005 (Basic regulation)
• Decree No. 07/2016/ND-CP (Detailed regulation)

Typical rights of representative office

• To operate for the needs, within the scope and duration stipulated within the establishment licenses.
• To rent offices, rent and buy equipment and facilities necessary for its operations.
• To recruit Vietnamese and expatriate employees to figure for the office consistent with the provisions of Vietnamese law.
• To have seals bearing its name consistent with the provisions of Vietnamese law.
• To open accounts in foreign currencies or foreign currency-based Vietnam dong at banks licensed to work in Vietnam, and to be allowed to use those accounts solely for his or her operations.

Do be noted that:

#001, In theory, option1, the parent company can pay directly to the local vendors for office expenditures but may have to pay for withholding tax for every transaction and lots of international bank charges.
#002, A better option is to transfer a lump sum amount as a monthly budget to the local bank account of the office, and the office will pay to local vendors with local bank charge rates without withholding.
#003, After every 3 to 5 years of office operation, the tax department will ask the office to provide bank statements, cashbook, petty cash, lawful vouchers for inspection based on tax laws and money anti laundry regulations, with the choice 1, you’ll face some troubles in providing the paid records.
And #004, consistent with a replacement regulation, from March 1st, 2018, foreign representative offices won’t be allowed to open an area checking account directly but become a private account or authorize a person to act as holder account (under a power of attorney).

Typical obligations of representative office

• Not to directly conduct profit-generating activities in Vietnam.
• To conduct commercial promotion activities within the scope permitted by this Law.
• Not to enter into contracts, to not amend or supplement contracts already entered into by foreign traders, except where chief representatives obtain valid letters of authorization from foreign traders or other special cases.
• To pay taxes, fees, and charges, and fulfill other financial obligations provided for by Vietnamese law.
• To report on its operations consistent with Vietnamese law.

Source: Vivabcs

To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guide/

Foreign companies want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/representative-office-in-vietnam-typical-rights-and-obligations

Read Vietnam Economy Weekly News