12 Tips For Building Your Own Office From the Bottom Up

Building your own office? Here are our top 12 tips for once you want to create your own commercial building, from the bottom up.

1. find out Your Financing in Office

One of the foremost important things to try to before you start constructing your commercial building is to urge all of your financing so as . this may involve you gathering all of the knowledge regarding the structure that you’d wish to build, also because the current and projected profitability of your business. Knowing early what proportion of money the bank will lend you for your commercial structure can assist you to ascertain if the project can become a reality or not. it’s going to also assist you to ascertain the timeline for the project because you’ll get to hold off on the new structure until you’ll increase profits.

2. Hire a superb Designer

You want this new commercial building to function well for you and meet all of the requirements of your growing business. you’ll have a vision in your head of what you’d like, but the simplest thanks to make this vision a reality is to rent a superb designer. This designer is going to be ready to take your vision and make a blueprint that’s structurally sound, meets all commercial building codes, and also meets all of your needs at an equivalent time. Changes are often made to the planning as you come up with new ideas, but this foundational design plan can help make sure that your new commercial structure may be a success.

3. Choose an excellent Contractor

Once the planning for your commercial building has been created, it’s important to seek out an excellent contractor to require this design from paper to reality. so as to seek out an excellent commercial contractor, it’s important that you simply do your research. confirm that the contractor you select is correctly licensed and is additionally insured. you furthermore may want to ascertain a number of their previous work to ascertain if you’re pleased with it and to measure whether or not they’re an honest fit for you. you’ll also want to ascertain how the 2 of you interact in terms of personality because you’ll be spending tons of your time with them over the course of the project.

4. Acquire a billboard license in office

Before you’ll begin your project, you want to have an acceptable commercial license. the wants for a permit vary counting on what city and state you reside in, so it’s important to become conversant in the laws in your area. you’ll also get to submit documentation, like your building plans, also as fill out and sign several forms. Because this takes time, it’s important to account for this in your project timeline.

5. Have The Land Surveyed

With your license in hand, you’ll now want to possess the land where you propose to create surveyed. this is often important for ensuring that the land is actually good land to create your commercial structure on. A land surveyor will test the soil to form sure that it can support your structure and can also check to ascertain if there are any pre-existing structures beneath the soil. they’ll even be ready to provide you with information on the history of the encompassing land, which you’ll also find helpful.

6. Get Multiple Bids

When you are working together with your commercial contractor to urge bids on things like trade, plumbing, etc., it’s vital that you simply get multiple bids. Getting quite one bid can allow you to urge the simplest price for the work that you simply would really like done. It also gives you the chance to satisfy with multiple sub-contractors. this enables you to ascertain how experienced they’re, if they’re organized, what quiet projects like yours they need to be wiped out the past, if they stay task, etc.

7. Plan For Potential Setbacks for your office

No matter how detailed and excellent your building plan is, you’ll experience setbacks. The weather might not be in your favor, the incorrect part could be ordered, a particular item could also be on backorder, something may break on the work, an employee could also be ill, and therefore the list goes on. These setbacks don’t need to completely derail the project and maybe better handled if you’ve planned for them and know what to try to do once they happen.

8. Consider What Equipment is going to be Needed

You will likely need an excellent deal of construction equipment to finish your commercial building. it’s important that you simply think about the value of this equipment. you ought to weigh out the pros and cons of renting vs. purchasing each bit of kit. Renting is usually cheaper, but can get pricey if you would like to stay the equipment for an excellent deal of your time. Renting is additionally good if you simply need a particular piece of kit for one project. Purchasing could also be a far better idea if you’ll use the piece of construction equipment within the future for your own office.

9. Keep Good Records

In order to guard yourself, it’s vital that you simply keep good records. you’ll have tons of individuals working for you throughout the course of your construction project and therefore the only thanks to really keep track of everything is to document. This ensures that the right amount of cash is paid to everyone who is functioning for you and it helps to stay everyone honest with you because you’ve got recorded their bids, timelines for completing certain projects, etc.

10. Consider The Fluctuating Cost Of Building Materials

The cost of certain building materials will fluctuate supported by supply and demand. this will change counting on the season, the quantity of construction happening in your area, natural disasters, etc. Because these fluctuations can sometimes be hard to account for financially, it’s important that you simply budget in extra cash just in case something were to boost in price. Then, if something were to travel occupy an equivalent price, or maybe go down in price, you merely have extra cash in your budget.

11. Hire A Landscape Engineer for the office

Once the commercial building is complete, it’s then time to possess the outside landscaped. so as to form sure that the landscape is correctly designed, engineered, and otherwise completed, it’s important to rent a landscape engineer. they’re going to work with you to make a landscape design that appears great and works for you logistically also.

12. Be Present During the method

From start to end, it’s vital that you simply are present for the project. this will go an extended way in ensuring that everybody stays on task and things are done such as you want them to be done. Also, make certain that you simply contact your contractor regularly to ascertain how things are going and to be made conscious of any updates with the project.

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/12-tips-for-building-your-own-office-from-the-bottom-up

Read Vietnam Economy Weekly News

Weekly Vietnam Property News (07 – 13/11/2020)

Investment in industrial zones in Ho Chi Minh City increased by 7.16% in 10 months and a positive growth outlook in 2021

Industrial zones (IZs) and export processing zones (EPZs) in Ho Chi Minh City have attracted investments with a total value of 591 million USD in the first 10 months of this year, up 7.16% over the same period last year. , according to Ho Chi Minh City Import-Export Department Regional Management Agency (HEPZA).

Vietnam’s industrial real estate is forecast to continue to grow in the next 5-10 years with a new wave of investment, opening up opportunities to participate in the global supply chain for Vietnam.

The year 2020 is considered the time to open up the strongest development cycle in the past 25 years of industrial real estate. Many positive signs show that this segment is and will become a “low-lying area” attracting investment capital in 2021.

Currently, Vietnam is a large market with a population of over 100 million people and good consumption, which also presents great opportunities for foreign manufacturers to do business there as well as for new investors.

FDI capital reached US $ 270 million, down 19.14%. Meanwhile, domestic enterprises have invested more than 7.4 trillion dongs (321 million USD), up 47.6% over the same period last year. The service sector attracted the largest number of projects in the period, with a capital of $ 81.16 million, followed by mechanics, electronics, plastics, and rubber.

This is also the reason why many industrial real estate investors have invested in ready-built factories and warehouses to catch the wave of investment shifting between satellite enterprises when they come to Vietnam.

According to forecasts of experts and investors on Vietnam’s economy, in the current context of COVID-19, Vietnam’s economy will continue to grow in 2021, even doubling if the US economy will recover, because then, there will be a wave of investment in Vietnam.

M&A and the “blockbuster” screens in the real estate sector

The Covid-19 epidemic seemed to cause the M&A market to decline seriously, but in fact, many million-dollar deals were established in the real estate sector.

The M&A market is entering a new stage with thousands of transactions and the total value of transactions reaching nearly 50 billion USD, despite the impact of the Covid-19, but M&A in the real estate sector is still going quite exciting. with many blockbuster deals.

Many economic experts also believe that 2021 will be a year of convergence of many conditions and factors for M&A to “rise”. Factors affecting M&A in the coming time are more state divestments. Large-scale enterprises significantly increase the value of M&A in Vietnam.

Roadmap for the real estate market to enter a new cycle

The Covid-19 translation has cast a shadow on the globe, as a strong blow to the economy, in which it is impossible not to mention the sector heavily affected is the real estate market. But looking at another angle, according to some experts, the Covid-19 is like a prism to purify the market. Through that lens, people can see what is the direction of sustainable development. And in the new movement cycle, experts emphasize the trend of creating smart and livable urban areas.

After the period of “hibernation” due to the impact of the Covid-19 epidemic, real estate businesses faced the challenge, forced to restructure their products, and find a new strategic direction.

According to experts, the trend of developing smart and livable projects is considered a weak strategic solution, helping Vietnam’s megacities maintain a sustainable development pace in the future. And in the fierce race of a new cycle, real estate developers need to be quick to grasp this trend.

Structure and trend of real estate cash flow 2021

The market is also recording new and bold impulses. The trend of the real estate market will be warm again, associated with effective new legal documents that take effect from 2020 (such as new land price lists; sanctions for administrative violations in the field of land; Registration of mortgage of land use rights, land-attached assets ..); with maintaining ample aggregate demand in the low-cost commercial and social housing segments; increasing aggregate demand for industrial real estate and commercial land space associated with the implementation of new FTAs ​​and the boom in FDI inflows in 2021 and also with flexible structural adjustment and increased utility of real estate products estate next time.

In fact, in the first months of 2020, many domestic and foreign investors have promoted to search for locations in industrial zones to invest in factory business on a large scale, with a land fund of 500 – 1,000 ha.

In addition to the bright prospect of industrial real estate, real estate serving a resort model combining tourism, entertainment and on-site healthcare has a chance to recover and will be able to blossom in time. next.

In the year 2020 – 2021 and coming here, the market will witness a purification of developers for resort product development capabilities. Large-scale, multi-utility, multi-functional, and diversified marine cities will be the trend of resort real estate in the next decade.

In addition to the above two trends, the real estate market continues to record cash flows towards social housing products, quality and utility apartments, residential land, and private houses with legal papers and prime location. In particular, the apartments will be more attractive to investors than alley houses and alleys, due to the increasing trend of demand for utilities and the quality of life of young consumers.

In addition, the condominium and resort market segments will be more encouraged along with the trend of increasing promotion policies, stimulating more and more diversified and attractive buyers demand, not only changing the premium. , extend payment time, give vouchers, but also reduce the payment rate, increase the discount rate, commit to buyback …

The demand for housing in the East will increase sharply because of Thu Duc city

The establishment of Thu Duc city is expected to have a great impact on housing demand in this area. Not only is the need for settlement, but also commercial activities of the East will also increase when the regional planning comes into existence. With its position as the leading financial center in Vietnam, Thu Duc City welcomes the rising wave of international investment, leading corporations in the world such as Japan, Korea, France, America … are constantly pouring capital. . The strong economic impact of this area will lead to the growth of the real estate market, resulting in huge demand for houses, apartments, and offices in the future.

In terms of infrastructure, 70% of Ho Chi Minh City’s infrastructure investment is concentrated in the East area with a series of large and expanded transport routes showing HCMC’s determination to increase speed. infrastructure and population development here.

As soon as the information of the Thu Duc City project was announced, the land price in District 9 increased by 3-5%. Urban projects completed with full legal will soon become the focus, not only customers with real needs but also investors are also particularly interested.

Compiled from many sources by LOOKOFFICE

To find more about Property News in Vietnam, you can click here: https://lookoffice.vn/category/property/

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/weekly-vietnam-property-news-07-13-11-2020

Read Vietnam Economy Weekly News

Weekly Vietnam Economy News (07 – 12/11, 2020)

Vietnam is focused on achieving its growth target

Vietnam is focused heavily on achieving its parallel goal of fighting COVID-19 and sustaining economic growth in the first nine months of 2020. Vietnam’s efforts have paid off, with GDP growth 9 months at 2.12%. Although this rate is the lowest Vietnam has published in a decade, it still compares favorably with the economic disasters that the pandemic has caused in many countries around the world.

According to the Ministry of Planning and Investment, processing and manufacturing is still the driving force behind the Vietnamese economy, recovering in October and growing 8.3% year-on-year.

The growth of the industry in particular and the economic growth of the country, in general, can be largely attributed to the successful containment of the second COVID-19 outbreak in July.

Industrial enterprises supporting HCM City to expand investment

According to Ho Chi Minh City Department of Industry and Trade, the city’s industrial production in recent months continued to recover, the following month being higher than the previous month. The index of industrial production (IIP) of the City in October increased by 5.8% over the previous month, of which the manufacturing increased by 6.0%.

The highlight of the city’s industrial production was the electronics manufacturing industry, increasing 20.6% in 10 months over the same period last year due to a stable consumption market. Export turnover of computers, electronic products and components in 10 months reached nearly 14.6 billion USD, accounting for 46.14% of total export turnover. Besides, the pharmaceutical-rubber-plastic industry also increased by 5.72% in 10 months.

Vietnam could be among the top largest economies in the world by 2030

Despite the challenges posed, Vietnam still reaped many achievements in the process of economic integration and development, promising to go further and rise to the forefront of the ASEAN region.

As a leading role for ASEAN, Vietnam has succeeded in bringing this regional organization to successfully sign the Regional Comprehensive Economic Partnership (RCEP) with its partners, except India has withdrawn from the agreement. due to concerns about the rising trade deficit.

This is not the only achievement of Vietnam in terms of economic integration in 2020. Last August, the Vietnam – EU free trade agreement (EVFTA) came into effect and created results. The results were relatively positive after only a few months of implementation.

In addition, Vietnam is also the only country in the ASEAN region to achieve positive growth of 2-3% in 2020 even with pessimistic scenarios, according to forecasts of the International Monetary Fund (IMF ), World Bank (WB) as well as domestic and foreign organizations and research institutes.

According to the statistics for the first 3 quarters of the year, the Vietnamese economy could not achieve high growth this year but still maintained stability in the macro base, with the inflation rate kept below 4. %, attracting foreign direct investment (FDI) is showing signs of recovery, trade surplus increases rapidly after EVFTA comes into effect …

Vietnam’s digital economy has a total value of 14 billion USD

The e-commerce industry in Vietnam grew 46% and Vietnam is the country with the highest rate of new Internet users in Southeast Asia ….

Vietnam and Indonesia are two countries with double-digit growth for the digital economy, of which Vietnam’s digital economy has a total value of 14 billion USD.

 

Compiled from many sources by LOOKOFFICE

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

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/weekly-vietnam-economy-news-07-12-11-2020

Read Vietnam Economy Weekly News

What is Office Block Management Services?

One of the indispensable items in building management is office block management services. With office block management services, the worth of the office, including for rent and use, has caused extremely positive results. So what does office block management service include?

1. office block management services concept.

Office building management services are related support services to make sure that each one activity of the office always promotes the very best values. office block management services include a variety of support services which will be mentioned such as: management of security, order, maintenance of cleaning services, care services & customer management. , human resource management, supervision, operation, maintenance, and maintenance of the whole technical system of the building.

The aforementioned support activities within the implementation of office block management will bring great value. Certainly, investors will get positive values. It is often about enhancing the worth of land, it is often about raising the brand. More important is to reinforce the worth within the eyes of consumers. this is often also a clincher for customers’ choice also as making customers more trust and support the service. that’s the rationale why office block management services especially also as building management services generally are increasingly chosen by developers.

2. Note when choosing an office block management unit.

According to the overall trend of development, companies providing building management services appear more and more. This exposes opportunities for the investor to possess more options also to reduce somewhat the value of renting the service. However, the emergence of more and more such units is additionally a difficult problem. Whether quantity certainly goes hand in hand with quality.

Statistics show that over 20 building management service providers in Hanoi only have quite 50% of them, which suggests about 10 service providers with standard quality. Many investors have headaches due to their mistakes. Consequently, money is lost, lost money, and reduced customer confidence.

So when choosing an office block management unit, you would like to settle on a unit that’s reputable enough, features a good reputation on the market, and has a few years of experience in building management to be ready to achieve. effective as desired.

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/what-is-office-block-management-services

Read Vietnam Economy Weekly News

Reasons and Areas For You To Rent an Office In Ho Chi Minh City

Ho Chi Minh City is found within the south-eastern region of Vietnam, 1,760 km south of Hanoi. It is the second-largest city by area and the largest city by population. It is a vibrant and lively city that’s a well-liked destination for any business. And the following are reasons and areas for you to rent an office in HCMC.

4 reasons to rent an office in HCMC:

1. The largest tourist center in the country, attracting 70% of international visitors to Vietnam.
2. Known as the financial hub for Vietnam
3. A new metro system will be opening in 2020 that will see significant improvements to transport across the city and reduce the current high levels of traffic in rush hour.
4. The city has a massive 3.2 million skilled workers

There are Reasons why HCMC is the best place to searching for an office.

Areas District One

What does this area of HCMC have to offer?

District 1 is the financial and commercial center of Ho Chi Minh City. It is an upbeat and lively area, no matter the time of day or night. The area was primarily designed by the French, which explains the wide, tree-lined boulevards and leafy parklands. This area is home to most of the major landmark sights and a continually expanding number of bars and restaurants. It is also referred to as the simplest spot for shopping in Vietnam, with a high concentration of shopping centers and luxury brands. Many five star hotels are scattered throughout District 1 making it a prime spot for tourists.

Which business sectors does this area attract?

District 1 contains the city’s administrative offices, all foreign consulates, and features a sizable amount of Grade A office towers. It is also home to a number of start-ups, as well as large global businesses.

Areas District Three

What does this area have to offer?

District three is full of cultural heritage and architecture, with ancient villas residing amongst modern buildings. Additionally, this area acts as a main intersection within the city, as it connects the administrative center to Ho Chi Minh airport. This is a prime business location, as it is still very much in the center of Ho Chi Minh, but offering slightly cheaper rents than District one grounds.

Amenities

There is plenty to do in this area with numerous coffee shops and boutique shops, perfect for a morning coffee or lunchtime stroll around the shops.

Areas District 2 and 7

Which business sectors do these districts attract?

District 7 is connected to District 2 by the Phu My Bridge. The Saigon River covers the east with a specialized port system, which transports merchandise to nearby, making it convenient for logistic and industrial businesses with the acceptable rental and supporting living facilities around.

What do these districts have to offer?

District 2 is a great spot for businesses looking to be away from the hustle and bustle. Just 10km from the city center, the area is undergoing significant redevelopment by the Vietnamese government and as a result, is becoming an increasingly popular residential area with a new series of latest high-quality urban apartments being built. District 2 is also particularly popular with ex-pats and has a large number of international schools, restaurants, and shops in the area.

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/reasons-and-areas-for-you-to-rent-an-office-in-ho-chi-minh-city

Read Vietnam Economy Weekly News

Weekly Trade Opportunities (01 – 08/11/2020)

Here are some of the Trade Opportunities collected over last week (01 – 08/11/2020)

1. Trade Opportunities: American companies find business partners

American companies need to find manufacturers of bathroom rugs, kitchen towels, kitchen curtains, bathroom curtains …

(bath rugs, kitchen rugs, window curtains, tablecloths, shower curtains)

Vietnamese businesses are able to contact vietrade new york.

580 fith ave, suite 425, ny 10036
Tel: 212 868 2686
Email: vietradeny@vietrade-newyork.org

Source: Vietnam Trade Promotion Center in New York

2. Trade Opportunities: Nigerian businesses need to import clothes, shoes, and fashion

The company “Éclat Empire Ltd”, has a need to import clothes, shoes, and fashion

Domestic companies that are able to provide, please contact:

Company: Éclat Empire Ltd
30 Johnson street, off Bode Thomas Surulere, Lagos, Nigeria
Contact:
Ms. Fatima Dada M.
C.E.O
Email: mumsydada@gmail.com
WhatsApp: +234 706 557 3914
Import: Men’s wear, Foot wears & Other fashion products

(Men’s wears & Accessories such as Shirts, T-Shirt, Shorts, Jeans Trousers, Pant Trouser, Polos, Hoodies, Joggers, Turtle Neck; Office Shoes, Sneakers: Female Bags, Heels)

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

RECOMMENDATION OF VIETNAM TRADE IN 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 the goods;
– Do not use the form of payment “Thanks for deferred payment – Documents Against Acceptance (D / A)”;
– Exporting enterprises must bear responsibility for the risks if they do not comply with the above guidance of the Trade Office.

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/weekly-trade-opportunities-01-08-11-2020

Read Vietnam Economy Weekly News

The Differences Between a License and a Lease You Should Know

A person spends 30% of their life at work. Where we work is a component of our every day, it affects our mood, enjoyment, motivation, productivity, and overall happiness. From a business point of view, it also features a big impact on the record. Finding a replacement office is often daunting, particularly when we’re busy, as we all are. There is no ‘one size fits all’ formula, so going to grips with the fundamentals is that the best place to start out. So there are things that make you know exactly what difference between a license and a lease.

What is a License?

A license is an agreement that allows you to take up space for a versatile amount of your time. A license is brief and may be involved and committed to quickly. Licenses are agreed for serviced offices or when renting spare desks or offices within someone else’s space.

The Pros and Cons of a License

• YES

Licenses mean that you simply have the flexibility to maneuver out quickly. They have short notice periods allowing you to require more or less space as your business needs.

Costs are all-inclusive, either on a per desk a month or total cost per month on basis. This means the value is simpler to account for.

Often get access to inspiring and co-operate work environments

Short timeline to occupation: 1 – 4 weeks

• NO

Doesn’t give tenants long-term security of space. The landlord can also serve notice

Tenant can’t usually make changes important to the space

What is a Lease?

A rental commitment you to space for a selected term, rent is payable and it gives you exclusive occupation. A lease cannot easily be terminated until it expires (unless there’s an opportunity clause). Usually, specialist advice is required throughout the method to make sure that the simplest terms are negotiated for the tenant. Leases are an honest medium to long-run solution.

The Pros and Cons of a Lease

• YES

Gives tenant future security of an office at an agreed rent.

The tenant can negotiate favorable terms and typically assign or sublet the space.

Sometimes overall costs are better, particularly if you plan to an extended-term

The tenant has an exclusive occupation. They can often make important changes to the space and make it feel fully on brand.

• NO

Often significant up-front and back-end costs that require to be accounted for.

Longer timeline to occupation: 3-12 months

The Differences Between a License and a Lease

As discussed above, the most differences between these are the security of space, timing, and costs.

Licenses tend to be best suited for companies that have foresight of where they, or a specific team within the corporate, are going to be within the short to medium term. They are quick and straightforward to plan to and therefore the costs are very transparent. They allow teams of individuals to simply grow, contract, and even try new locations.

Leases are best suited for companies with a medium to long-term strategy or people who have unique requirements for his or her space. The time interval to occupation is longer, but you enjoy exclusive occupation, client-specific terms, and security of space within the future.

 

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/the-differences-between-a-licence-and-a-lease-you-should-know

Read Vietnam Economy Weekly News

How to establish a foreign company branch in Vietnam?

More and more foreign companies want to invest in Vietnam through the path of establishing branches in Vietnam. We will provide basic information about the procedures to establish a branch in Vietnam through this article.

1. What is a branch of a foreign company under Vietnamese law

According to the current provisions of Vietnamese law, foreign companies may set up branches in Vietnam according to the conditions and procedures prescribed by Vietnamese law.

The current Vietnamese Law on Enterprises defines an enterprise’s branch as a dependent unit of an enterprise and is responsible for performing all or part of the enterprise’s functions, including the function of authorized representation. Accordingly, the concept of a foreign company branch in Vietnam can be understood as a dependent unit of a foreign company, established and operating in Vietnam according to the provisions of Vietnamese law or treaties. to which the Socialist Republic of Vietnam is a member.

2. Why do foreign companies choose to set up branches in Vietnam?

A branch in Vietnam of a foreign company has the following rights:

– Office rental, rental purchase of facilities, and equipment necessary for the branch’s operations.
– Recruit Vietnamese and foreign employees to work at the Branch in accordance with Vietnamese law.
– Enter into a contract in Vietnam in accordance with the operation contents specified in the branch establishment license and law provisions.
– Open an account in VND and foreign currency at a bank licensed to operate in Vietnam.
– Remittance of profits abroad in accordance with the provisions of Vietnamese law.
– Have a seal bearing the Branch’s name in accordance with the provisions of Vietnamese law.
– Carrying out goods sale and purchase activities and other commercial activities in accordance with the establishment license, the provisions of Vietnamese law, and the international treaties to which the Socialist Republic of Vietnam is a signatory.

3. How to establish a foreign company branch

3.1. Conditions for setting up a branch of a foreign company in Vietnam

Foreign companies wishing to establish a branch in Vietnam must carry out the registration procedure for a branch establishment license. A foreign company may not establish many branches with the same name within a province or centrally run city. In addition, the foreign company must also meet the following requirements:

– Foreign companies established and registered under the laws of countries and territories that are members of international treaties to which Vietnam is a member or recognized by the laws of these territories.
The foreign company has been in business for at least 5 years since its establishment or registration. In case the business registration certificate or equivalent document of the foreign company provides for the duration of operation, that time limit is at least 1 year from the date of filing the dossier.

3.2. Application file for a branch establishment license

An application for a branch establishment license includes the following documents:
– An application for a branch establishment license, signed by a competent representative of the foreign company;
– A copy of the business registration certificate or equivalent document of the foreign company;
– The document of the foreign company appointing the head of the branch;
– A copy of an audited financial statement or a written confirmation of the fulfillment of tax obligations, financial obligations in the most recent fiscal year, or an equivalent document of a competent agency or organization of the company. Foreign establishment granting or certifying the existence and operation of foreign companies in the most recent fiscal year;
– A copy of the branch’s charter;
– Copy of passport or identity card or citizenship card (for Vietnamese) or a copy of passport (for foreigners) of the head of the branch;
– Documents about the expected location of the branch office.

3.3. General conditions for application file for a branch establishment license

Documents issued or certified by a foreign competent authority must be consular legalized and translated into Vietnamese; Translated documents must be notarized in accordance with Vietnamese law.

– Copies of papers issued or authenticated by competent Vietnamese agencies must be notarized according to the provisions of Vietnamese law.

4. Branch establishment license registration process

Step 1: Prepare the application and submit it to the competent authority
Step 2: Processing documents
Within 03 working days from the day on which the application is received, the Ministry shall consider the application and request additional supplements if the application is incomplete or ineligible. Requests for additional documents are made up to a maximum of once during the application process.
Within 7 working days from the date of receipt of a complete and valid dossier, the Ministry shall decide to grant or not to grant a branch establishment license to the foreign company. In case of refusing to grant a license, the competent agency must issue a written document clearly stating the reason.
The term of the Branch establishment license is 05 years, however, this period shall not exceed the remaining period of the business registration certificate or equivalent document of the foreign company in the case of This document is still valid.

Source:luatminhkhue.vn

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

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source https://lookoffice.vn/how-to-establish-a-foreign-company-branch-in-vietnam

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7 Tips for Choosing Your Next Office Location

Before you jump within the car and begin driving around town trying to find your next office location, you ought to have a transparent idea of what you’re trying to find. Putting together a game plan takes a while and energy, but it’ll pay off within the end of the day. That’s because while many business mistakes are often corrected, choosing the incorrect space for your business is often an upscale mistake that’s particularly difficult to repair.

Top things to think about when scouting for an Office Location

Here’s an inventory of the highest seven factors to think about when choosing your next office location:

   

#1 Your client demographics

The office location you select isn’t almost your needs. Where you opt to reside should also take into consideration the market segment your clients come from.
If your client base is formed from millennials, mixed-use office space within the central downtown could be an honest choice. On the opposite hand, a suburban space with many parking could also be more suitable if your customers are baby boomers or gen-Xers with kids.

#2 Easily accessible in Office Location

The only problems are parking is tight, mass transit isn’t anywhere to be found, there’s no foot traffic, and it takes forever to get to. The harder it’s for clients and staff to urge to your office location, the tougher it’ll be to draw in new business and retain your employees.

#3 Total cost of renting

The true cost of renting office space can vary widely from one location to subsequent. In addition to the bottom rent, taxes and zoning rules and regulations can make a seemingly affordable location unexpectedly expensive. Also, don’t forget to research potential economic incentives the government offers to assist offset your costs.

#4 Safety and security

Take a while to research a touch bit more before signing a lease. Research local crime data by logging on or giving the local precinct a call, and speak with other business owners within the area to find out more about break-ins and vandalism.

#5 Competition about Office Location

Competition is often bad, but sometimes it also can help your business grow. For example, if your business is social media marketing and three other firms do the same thing in your office building, odds are you’ll lose some existing clients and staff to a competitor.
On the opposite hand, if a neighboring business compliments what you are doing, it’ll help your firm grow and prosper. That’s why car dealers are usually located side-by-side.

#6 Amenities and infrastructure

Nearby amenities like great restaurants and clubs are often important if you regularly wine-and-dine your clients. Onsite daycare also can be important if you or your staff bring their kids to the office.
Infrastructure needs for your new office location include factors like floorplan layout and therefore the environment the space provides.

#7 Your business image for Office Location

It helps to think of your office space as a marketing tool. Does the situation match the business image that you’re trying to convey?
If you’re within the high tech business, a warehouse that’s been rehabbed into loft office space might be the right match. However, if you’re targeting white-collar clients, a standard office block or downtown coworking space could be the higher choice.

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/

If you are finding a suitable space to open a co-working space in Ho Chi Minh,

PLEASE CONTACT US FOR FREE:

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source https://lookoffice.vn/7-tips-for-choosing-your-next-office-location

Read Vietnam Economy Weekly News

French enterprises want to import Passion fruit

French enterprises looking for exporters or manufacturers of Passion Fruit products.

 

The French Trade Office would like to announce that a French importer needs to import Passion fruit. Interested businesses can contact us directly to exchange information at the following email address: robin.reecht@gmail.com.

Source: Vietnam Trade Office in France

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/french-enterprises-want-to-import-passion-fruit

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