5 Things to Consider Before Renting Retail Space

There are specific aspects to be thinking about when it comes to renting retail space, compared to other forms of commercial property. Some of these are to do with the building itself, and the location, others are in the details of the leasing, the negotiations before you sign a lease, and the specific nature of the market.

Define your budget When Renting Retail Space

It goes without saying that you need to think about what you can purchasable long before you start looking for a new, or maybe your first shop. Have a clear red line that you won’t cross at the top end, but also have the lowest price and a mid-range, and compare what’s out there with your expectations.
It’s essential that you are aware that the base rent – one of the advertised or first offered by a landlord – is by no means the bottom line cost. On top of rent, there are a host of charges and fees that aren’t advertised: business rates, service charges, the cost of repairs and maintenance, and energy bills, to name a few. Many first-time renters have had a nasty shock once they have added these costs up: between them, they will be the maximum amount as or quite the rent itself.
Bear in mind also that rent on retail premises is paid quarterly, on set calendar dates. It is due whether a landlord has sent a tenant an invoice or not – it’s the legal obligation of the tenant to pay their rent. And one among these payment dates is, rather cruelly, Christmas. The toughest time of the year for retailers is usually post-Christmas: it’s the time when most businesses enter administration, under the load of the December rent payment.

Lease or license?

Retail tenants are often unaware of a choice to occupy a billboard property without signing a lease: through a license. There are agreed to this but also major downsides.
The benefit of taking a license is that it is a low-commitment option for renting a store on a short-term basis. As a result, this is ideal for a brand wishing to douse its toe into a market or open a pop-up store for a short time.
The downside is that it’s much more precarious for a licensee compared to a corporation leasing an area. There isn’t what’s referred to as ‘security of tenure’ which guarantees a tenant certain rights, including ‘exclusive’ access to a property, i.e. the right to not allow a landlord to enter. A license can be revoked with a change of ownership, and there is no guarantee the property will be available when the license is terminated.

Find the perfect spot of Retail Space

In retail property much more than for offices or warehousing, your surroundings are particularly important to trade. If rent is reasonable it’s actually because of the environment and low footfall, and while it’s tempting to save lots of money, remember that without the passing trade you won’t do much business.
It’s also important who’s near you, whether or not they are competitors or other sorts of business which may help or hinder trade. This consideration is part of the lease negotiations, and a landlord of a shopping center will usually be willing to discuss a clause which means they won’t, for example, place you directly next door to a competitor in the future.

Negotiating lease terms

Remember that base rent isn’t set in stone. Where there tends to be little or no leeway within the residential renting sector, in retail property landlords expect to be beaten down from the first price during the negotiations, and will often offer incentives, such as rent-free periods, to get a tenant in.
When it comes to negotiations you need to be tough, and remember that you can negotiate almost any aspect of the lease if you know-how – especially if you have a good adviser on your side.
Remember you’ll always walk off from a deal. Even when the initial broad strokes of a deal are put in writing – during a document referred to as a heads of terms agreement – there’s still room for negotiation and even to tug the plug if you aren’t happy.
That includes over fine details like whether a lease entails rent reviews and the way often these are, whether it permits you to sublease a property, the obligations on service charges, and many more considerations.

Information is key for You to Rent a Retail Space

In all cases it’s essential that you do thorough research before you start, and as you go through the search process. Realla’s search portal provides a wealth of data about the properties out there on the market with numerous tools to refine and filter results supported your own requirements and budget. And the market data function gives you access to detailed intelligence and native research into an entire city, town, region, or a private area of interest.

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/5-things-to-consider-before-renting-retail-space

Read Vietnam Economy Weekly News

8 Simple Yet Brilliant Ways for Saving Money Around Your Office

Starting a business in this day and age is very challenging, including saving money. so there are 8 Simple Yet Brilliant Ways for Saving Money Around Your Office.

Do Not Settle for Saving Money for Your Office

Everything is negotiable. To find the true value of something, you would like to be extremely persistent. My suggestion is not to settle for an initial price. You should start with your landlord; the thing is that you’re in that office to stay, and that kind of long-term contract should come with a discount.
In this situation, you need to be able to find your leverage, and you mustn’t take no for an answer. Negotiate with your suppliers, find common ground with your partners and be perfectly honest with your clients. Money is a strong motivating factor nowadays, and it affects the quality of the work that needs to be delivered. It’s as simple as that.
For this to figure out, you would like to adopt or additionally develop certain people skills. Getting conversant in the business visual communication should be your base, and you ought to climb up from there by simply lecture people and expanding your knowledge of human behavior with practice.

Move to Online Advertising

It’s the cheapest and the most efficient way of advertising, and it’s quite silly for a small business to pay ridiculous prices to have their ad air on national TV, for example.
It’s not where your target audience is, and it’s not what you need. Instead of wasting your resources, you should work on your online presence and move on to social platforms, where you can find exactly who you’re looking for and more importantly, they can find you.

Software Instead of People Saving Money for Your Office

This is the time to create and search for smart tools that will save you time, energy, and money. I know this “Software instead of People” subheading sounds a bit cruel, but you can’t argue with the fact it’s a smart business move.

Cut Down on Supplies

Most businesses make the same mistake of ordering a recommended quantity of office supplies that usually end up being lost, stolen, or forgotten in a desk drawer.

Saving Money for Your Office is Grow With Your Employees

Experienced employees are often underpaid in a small office. When that happens, their performance decreases significantly because their knowledge isn’t fully appreciated in your conditions.
That’s not the only reason why you shouldn’t put experience on the top of your list when looking for employees. It’s also overrated. There are many smart people out there who are jobless, who learn fast, and who have a lot of energy to contribute. The best thing is that you can grow together. You as a business and they as professionals.
There’s one other way to get help and not drain your funds while doing it. Get interns. It’s quite an obvious solution and a win-win situation. Your interns will get a closer picture of how working in the real world is, and you can outsource the simpler part of your overall work to them so that you can focus on more important things.

Protect Your Interests

Not only does one got to build your empire, but you furthermore may got to protect what you’ve got created thus far . Small investments like installing security cameras, get a smartphone insurance plan, and insisting on having a contract for everything you are doing and everybody you are doing it with might not seem like an important thing to do at a given moment.
However, protecting your property, your secrets and binding your employees and partners legally is nothing quite doing smart business.

Go Green and Recycle

Other than being a PR move a really wide audience responds to, going green and devoting a small amount of your time to a simple matter such as recycling, is a responsible and a really adult thing to try to do. Besides, recycling outdated pieces of technology and office supplies will hamper your overall expenses significantly.

Keep Your Expenses in Line

If your area of expertise, and your business for that matter, are nowhere close to accounting, my sincere advice is to outsource this task to experts. Face it, it will cost you a lot less than financial failure, and it’s better not to mess with money if you’re not properly trained to handle it.
None of these things are mind-blowing hacks about saving money, but that’s exactly the point. There are none. Instead of rushing into growth hacking and finding shortcuts directly, you ought to try creating a reasonably stable business environment and climb your high from there.

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/8-simple-yet-brilliant-ways-for-saving-money-around-your-office

Read Vietnam Economy Weekly News

Key Tips for Attracting Investors and Customers to Your Business

When you start a replacement business in Vietnam or anywhere within the world, you’ll be asking investors and customers to require a leap of religion in your idea. This means that before they invest in you, or try your product or service, they’ll have to decide to buy-in to something they have little experience or knowledge of. Here are some tips for how you can make their decision easier.

Key take-outs

• Ensure you can explain your idea clearly and steel oneself against questions
• Spend some time documenting your financial projections
• Consider all the options for investment and finance before making decisions
• Seek professional advice

Communicate clearly

Make sure you can explain your new business idea succinctly. You want to know your idea in-depth enough that you can communicate the high-level concept without going into detail.
Imagine you are talking to a stranger at a party who asks you what you do. How can you make your business idea as simple and understandable as possible for them? This succinct summary will take pride of place in the introduction to your business plan – which you’ll need to show to your bank or investors if you’re seeking funds – so spend some time getting it right.

Connect the dots for people

Understand the crucial points someone must accept to form the leap of religion and say yes to your new business idea. Think about any assumptions you’re expecting them to make to see your idea as successful – and fill in the gaps for them. What queries are they sure to have about how it works, and how it will make money?
Discuss your idea with trusted friends and family and invite their honest opinions, alongside any questions they need about its viability. This will assist you establish sound responses to the sort of questions investors may ask.

Find a parallel example

Often, people are more inclined to accept a new idea when they see a similar concept or are provided with a clear analogy. For example, think of the journey from the MP3 player to music stored on your mobile phone.
It is much easier for people to understand your product or service as being the next logical step that responds to ever-changing consumer needs, expectations, and habits; rather than being something completely new to the market.

Be confident, yet realistic

Back yourself and your idea. Speak from your heart about your plans, but don’t be overconfident about how successful or life-changing the idea will be. Customers may respond well to your optimism and energy, as will investors – but the latter would require your enthusiasm to be tempered with realism.

Understand your financials that bring benefit for Customers

If you’re asking an investment partner to take the leap of faith in your idea, then know your financials inside out. You want them to feel confident that your numbers and plans are achievable. You also want to set realistic assumptions for your financials and have a sound understanding of the market you are entering.
This can be presented within the sort of an income projection, or cash budget.

Know your investor audience

When you ask people to take a position in your business idea, it’s good practice to research those people. Know what they offer beyond the investment funding. Do they provide resources, expertise, or connections to your business?
Also, know how much control you want to maintain over the business, so you can paint the picture of what their involvement would be.
If you wish to raise start-up funds other than through an investor, you have a number of options to choose from. Our 6 ways to help finance business growth article outlines some of the commonly-used ways to finance launch and growth.

Own your business experience for Customers

If you’re someone who ran successful businesses within the past, own and share this experience, providing the maximum amount of relevant data as possible. Investors are likely to consider your proven skills and capabilities when assessing if you have what it takes to turn a new business idea into a successful and profitable reality.

Source: Vietnaminsider

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/key-tips-for-attracting-investors-and-customers-to-your-business

Read Vietnam Economy Weekly News

Weekly Trade Opportunities (23 – 29/11/2020)

Here are some of the Trade Opportunities collected over last week (23 – 29/11/2020)

1. Trade Opportunities: British businesses find manufacturers of personal protective products (PPE)

Coveron Company (UK) finds manufacturers of personal protective products (PPE).

The requirements are as follows:

Polythene film on a roll
PPE disposable Polythene aprons with sleeves
PPE disposable Polythene aprons
PPE disposable Polythene over-shoe covers
PPE disposable Polythene over-sleeves

Vietnamese enterprises interested, contact:

Mr. Gordon Penson
Email: gordon.penson@coveron.co.uk
Call +44 (0) 1603 273 555
Mobile +44 (0) 7867 370 374

Source: Vietnam Trade Office in the UK

2. Trade Opportunities: Nigerian businesses need to import knitwear

The Vietnam Trade Office in Nigeria introduces the company “Felajoke Ade ventures”, which needs to import textiles.

Domestic companies that are able to provide, please contact:

Felajoke Ade ventures
2 Barr Akinjiyan street off shittu street Opp school of health technology,
Oda Rd Akure, Ondo State, Nigeria

Contact:
Mr. Funmi Ade-ojo
CEO
Email: felajokehouse@gmail.com
WhatsApp: +234 803 720 8274

Import: Textile

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 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

3. Trade Opportunities: Algerian companies look for importers of Ceratonia siliqua

Algerian companies look for importers of Ceratonia siliqua

Vietnamese enterprises are interested, contact details:

Company Limited BOUBLENZA
Address: Rue Bouabderrahmane Fg Agadir 13000 Tlemcen Algeria

Scope of work: Agricultural products and foods

Demand: Export of powder Ceratonia siliqua (cocoa substitute)

Contact: Mr. BENOSMAN DJAMIL
Tel: +213 560 936 900
E-Mail: dj.benosman@boublenza.com

Source: Vietnam Trade Office in Algeria

4. Trade Opportunities: An Algerian company seeks a joint venture partner to manufacture textiles, garments and footwear

An Algerian company seeks a joint venture partner to manufacture textiles, garments and footwear.

Vietnamese enterprises can provide, contact:

EPE LEATHER INDUSTRY SPA leather industrial joint stock company
Address: Route Nationale N ° 41 – Cheraga – Alger

Activities: Producing and trading in shoes, clothes and leather products

Needs: Find a joint venture partner to manufacture textiles, garments, and footwear.

Contact: Mr. AIMEUR Rachid, Director of Marvil Production Unit
Tel: +21323 22 28 9I; Fax: +21323 22 28 83; Mob: +213557 43 31 03
E – mail: macvil.up@letherindustry.dz; info.leatherindustrydz@gmail.com;
contactdg.leatherindustrydz@gmail.com

Source: Vietnam Trade Office in Algeria

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-23-29-11-2020

Read Vietnam Economy Weekly News

How Long of an Office Lease Term We Need to Sign

Here’s How to Purpose Which Lease Term is Best for Your Company

How Long of an Office Lease Term We Need to Sign?

While the typical length of it can vary based on the market location and its conditions, current vacancies, and upcoming developments, there are both benefits and disadvantages to signing a short-term (less or three years ) or long-term (6-7 to 10 years and more) lease.
You should note that the more competitive the market you’re in, the longer leases you ought to anticipate landlords requiring. Here, we examine the benefits of different lease lengths to help you decide what’s best for your company’s next office space.

Benefits of a Short-Term Lease

Typically, a short-term lease makes more sense for smaller companies that are still in the process of growing and want to prioritize flexibility over stability.
If your business requires flexibility to expand or downsize, it’s going to make the foremost sense to sign a short-term lease, as an extended lease may hinder your company’s ability to grow.
A short-term lease will be advantageous if the office space no longer works for your company in the near future. If you are not legally obligated to the space with a long-term lease, you’ll avoid the potential expenses of subleasing your space or terminating your lease early within the event of a move.

Benefits of a Long-Term Lease

A long-term lease can give established companies with both financial and logistical stability, plus more negotiating power during lease discussions with the owner down the road.
If you anticipate rental rates in your market to climb, it is often to your advantage to sign an extended lease and lock in today’s lower rental rates, instead of renewing at a future, potentially higher rate.
This is particularly true for stable companies that have clearly defined growth projections and like to lock-in a positive rental rate.
However, this could be true for growing companies; by negotiating expansion rights in your lease, you can sign a long-term that will allow for expansion that will match your company’s growth over the lifetime of the rent.
Long-term leases also can assist you avoid relocation costs, which may include new office build-out costs, technology and other infrastructure expenses, lost productivity thanks to downtime during the move, and additional moving and furniture expenses.

Negotiate Larger Concessions

If your company doesn’t need flexibility in it, you’ll often use an extended lease as leverage to barter more concessions from the owner.
When you sign a long-term lease, the landlord can spread the deal costs out over many years, so they can typically get more aggressive with concessions. These may include: a bigger tenant improvement allowance, discounts on rental rates, building signage rights, better rental rates, more favorable non-economic terms like expansion rights, and more.
There are a variety of the way to structure a lease to suit your business’s needs. A qualified tenant representation broker can assist you determine what sort of lease is going to be best for your company’s needs and find options on the market which will best fit these needs.

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-long-of-an-office-lease-term-we-need-to-sign

Read Vietnam Economy Weekly News

7 Essential Maintenance Tips for Your Business Office

General business office maintenance is usually one of the things on everyone’s minds of business owners. So let’s go over 7 essential maintenance tips for your business office:

Make sure you run regular checks in your Maintenance

Most maintenance issues are simple and easy to do. Large problems arise when they aren’t taken care of on time. Most often go unnoticed until it’s too late to cry when the top is off. For example, rust on business piping or a little crack on the wall might appear to be harmless at first but can develop over time to a much bigger problem.
You need to spot early signs by looking for them. Waiting for maintenance problems to point out themselves may be a gamble you shouldn’t take.
Build a maintenance checklist of your office equipment and set out a private time to check up on them monthly.

Don’t ignore repairs

If detected early, don’t hesitate to form the required repairs on time. Like an ailment, problems are much easier to handle once they are tackled head-on. If you wait till they start to affect business operation, you run the risk of making huge losses in late repairs.
It can be tempting to save money by adopting a wait-and-see approach but this is very risky behavior that can have a negative effect on your business.
More often than not, prevention isn’t as costly as a reaction. The moment when you see a problem the fee you pay to deal with it right now will be much lesser than coupling with the potential damage.

By all means, avoid DIY Maintenance

Home and office repairs are carried out by millions of people each year. It’s often the practice of business owners to carry out DIY maintenance on basic repairs. We’d strongly advise against it. Leave repairs and maintenance issues to qualified professionals.
A DIY maintenance project will happily steal valuable time from you that you can channel to more imaginative ventures. Business owners are very busy and time spent on DIY projects isn’t worth the stress.
If you feel the DIY job is easy and doesn’t require the impute of a professional – think again. A badly finished or unfinished DIY project might not have an adverse effect on the home but the same can’t be said in a business environment. Taking up a DIY project that you simply don’t complete properly can have widespread repercussions for the entire office. You must consider the business reputation of your clients, investors, and staff.

Modernize your business environment

Replacing outdated equipment may be an excellent thanks to keep the office in top form. Outdated office equipment and elements are more likely going to cause you problems. The investment needed to form modernize changes can seem intimidating initially but it’s a surefire thanks to make lasting changes around the office.
By office elements, we are talking about things just like the plumbing, heating plant, electrical installations, roofing, ceiling panels, lighting system etc.
Make it a habit to change outdated elements from your business office and you won’t feel the weight of having to do it all at once.

Keep the heating, ventilation and conditioning systems in mind for the Maintenance

In the likely scenario that you have modernized elements in your office that you need to keep an eye on all of them. The HVAC needs regular maintenance to run smoothly. Proper upkeep will keep utility bills on the low and ensure you make the most out of this equipment. Call in a reliable professional if repairs or maintenance are needed.

Clean out your business environment regularly

Clean floors can make a big statement. Dirty floors are a no-no when it comes to doing good business. Invest in employing cleaners who take out turns to ensure that the floors are properly taken care of.
If you want to make a lasting impression on clients, investors and staff make sure the floors are neat.

Repaint walls and change out furniture if need be

Wall paint isn’t for aesthetic purposes only, they can also protect the building in times of harsh weather and fire outbreak. There are certain paint colors known to have a positive impact on productivity. Consult with knowledgeable and have your wall paints changed or repainted to fit your business goals.
Don’t forget about maintaining office furniture too.

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/7-essential-maintenance-tips-for-your-business-office

Read Vietnam Economy Weekly News

Best Tips for Doing Business in Vietnam

The Vietnamese’s Business are incredibly open and optimistic about foreign investment and thus the opportunities brought by increasing integration in international markets. They are also usually very keen to share their proud culture, tradition, and history with foreigners so as to guard their local customs and heritage during a rapidly developing and outward-looking society.

Greetings for Business

The Vietnamese language has a stimulating set of pronouns. There is no direct translation for ‘I’, ‘you’, ‘he’ or ‘she’ in Vietnamese because the words wont to address people are decided by generation also as gender. For instance, someone younger than you will be addressed as ‘em’, while a friend the same age is ‘ban’, yet a male your grandfather’s age is ‘Ong’. Dozens of pronouns are necessary to assist fully clarify the strict generational hierarchy of Vietnam. Most teenagers would agree that their parents know what’s best when it involves big decisions about their future.
Experience, wisdom, and pragmatism prioritize over youthful idealism. Therefore, it’s always best to offer a two-hands handshake to the oldest people in the room first, and the youngest last.
When pitching an idea, try to have an experienced colleague focus on the practical real-world solutions you’ve already established, rather than losing your audience in speculative, ideological, or conceptual discussions.

Eating

Generation also plays a key role when eating. Usually, meals are a family occasion, so paying individually may be a baffling practice for many Vietnamese. If you invite a group of people to eat with you, it’s your responsibility to settle the bill, with the oldest male traditionally reaching for his wallet.
Vietnamese people like to eat and are very pleased with their traditional cuisine. They will be overjoyed to listen to foreigners hum while eating and saying the word ‘delicious’. Rice products, noodles, fresh vegetables, and hot-pots form the backbone of the Vietnamese diet, along with every kind of meat imaginable. Tropical fruits like guava or green mango, served with salt, are a standard snack during meetings,
It’s also worth bearing in mind that lunch may be a meal reserved for family. Between 11:30 am and a couple of pm, schools close and workers head home in order that families can enjoy lunch together. As Vietnamese working hours can stretch from 7 am-9 pm in tropical weather, Vietnamese people also like to take a nap around midday. It’s not wise to suggest a call or meeting that might disturb this organization, so a business dinner is a much better idea than a working lunch.

Making conversation in Business

When sitting right down to eat, you would possibly be surprised by a number of the questions you’re asked. It is
unpopular for people to ask “How are you?” as there’s no direct translation in Vietnamese (the closest being: “Do you’ve got strength?”)
Vietnamese people may ask “How old are you?” – usually considered a faux-pas. But don’t be offended – this is just to gauge how they should address you as part of the generational hierarchy. In fact, cutting years off your true age may prove detrimental.
More common opening questions in Vietnamese include “Where are you from?”, “How many people in your family?” and “Are you married yet?” The relatives remain very strong in Vietnam, and sharing pictures of loved ones enjoying free time together is going to be very endearing, portraying an individual of wholesome character.
Image is vital in Vietnam, especially when doing business. You must be professional, but it also helps to illustrate that you are a charitable person and a dedicated family member.

Being honest

When sharing photos, try to not be stunned by common Vietnamese compliments like “Your daughter is so beautiful” or “Your family are so rich”. Due to their mother tongue’s simple grammar and logical vocabulary, people in Vietnam generally call things as they see them and like to speak in a very clear and straightforward manner. This can lead Vietnamese people to sometimes encounter to Westerners as quite abrupt, especially if they ask frank questions like “How much does one earn?”
However, some in business might find this refreshing, as cutting to the chase and displaying results are often far more effective than drowning people in euphemisms and jargon.

Negotiating about Business

Don’t be afraid to clarify your position clearly, because you’re going to be negotiating. Like most Asian countries, Vietnamese businesses tend to favor fitted, flexible deals over standardized, fixed arrangements.
The figure you’re quoted first is typically just your trading partner’s target; their ideal results of the negotiations. Your response should then be your minimum amount, which then sets the home in which negotiations can happen.
Vietnam’s exponential growth has created an optimistic economy, but one that’s also increasingly competitive. Businesses are looking forward to foreign investment to realize the advantage. It is therefore important to understand the context in which you are negotiating and offer the right sweeteners to any deal. For example, long-term sustainable partnerships with flexible terms are seen as favorable to strong contracts with short-term gains.
Image is additionally paramount, and doing business with large organizations in developed countries may be a big indicator of success and prestige to Vietnamese consumers. Any deal involving publicity, marketing, and media opportunities boasting international relationships would be very desirable.
It’s also crucial to recollect that Vietnam only joined the worldwide marketplace three months before Jeff Bezos founded Amazon. Free markets are still somewhat of a replacement phenomenon. Vietnamese businesses are keen to find out the secrets of successful, sustainable growth from large multinational firms. Offering cutting-edge software, online technology or simply secrets to international success in your industry will likely sweeten any deal.

source: vietnaminsider

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/best-tips-for-doing-business-in-vietnam

Read Vietnam Economy Weekly News

A Step-by-Step Guide How to Rent an Office for Small Businesses

Below is a helpful guide that will show you step-by-step how to lease office space for your small businesses.

9 Steps to Renting Office Space for a little Businesses

  
Step 1: Calculate what proportion of Square Footage you would like

One of the first things you’ll need to purpose when you start looking for an office is to lease is how much square footage you need. To help you calculate the quantity of office space you’ll need for your businesses, we’ve pulled together some basic square footage calculations, also as some tips to assist you envision your space.

Step 2: Determine your budget

Before you’ll even begin watching office spaces, it’s important to understand what your budget is. Knowing your budget will help you narrow down your options upfront based on what you can realistically afford.

Step 3: Research and tour office spaces

Research different office spaces available in your area and visiting. It’s best to see the space in person to check out the area, meet your potential new neighbors, and to visualize what it would actually be like to work there.

Step 4: Decide on an office for your Businesses

Out of the different office spaces you toured, decide which one is right for your business. Here are a few questions to ask yourself:

• Is the location convenient for your clients?
• Is the location convenient for you?
• Is the location right for my employees/potential employees?
• Is there parking available?
• Is it affordable?
• Is it located near stores (banks, post offices,…) and other conveniences that are necessities for you?
• Are you allowed to redecorate and customize the space?
• Is there a kitchen you can use?
• Does my business have room to grow during this space?
• What do current tenants say about the office rentals here?

These are just a few questions to get you started. Check out this checklist of 20 questions to ask yourself before choosing an office space for a helpful list of things to ask about and consider as you’re reviewing potential spaces.

Step 5: Leave room to grow

Consider extra space if you propose to grow your team. While you’re growing your business, you may be able to sublet the extra space to another renter for additional income. (Keep in mind, the original lease will need to include sublease options upfront.)

Step 6: Determine all costs

Make sure to look at all the costs associated with the move. Calculate the entire cost of rent, utilities, moving expenses, construction costs (if any), etc. And confirm you’ve budgeted sufficiently for the length of your lease.

Step 7: Get your financial documents ready when growing your Businesses

Before you’ll lease office space, building owners will want to work out if you’ll pay the rent! Typically, the owner will require a security deposit. Start collecting important financial documents including tax returns, bank statements, financial references, and a bank letter of credit to prove that you are able to cover the expenses.

Step 8: Finalize special requests

Do you plan on having the office space renovated before you progress in? Does the contract include the setup of wifi or any other special agreements? Make sure all these details are covered before the move-in date.

Step 9: Move-in

Move into your new place and make it your own! Make your workspace creative and unique by adding your own
personal contact.

Don’t forget to let people know your business has moved to another place! Here’s a helpful checklist to assist you update your address altogether in the proper places.

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/a-step-by-step-guide-how-to-rent-an-office-for-small-businesses

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Weekly Trade Opportunities (16 – 22/11/2020)

Here are some of the Trade Opportunities collected over last week (16 – 22/11/2020)

1. Trade Opportunities: Algeria enterprises find suppliers of fabrics

Algerian companies have a need to import fabrics.

Interested Vietnamese businesses can directly contact:

Mr. Abderrahmane Benarba, Commercial Manager,

GECOTEX GSM Company: 0541 637 737

Tel / Fax: 023 82 34 18;

Email: adbben664@gmail.com; gecotex.mail@gmail.com; abderrahmane.benarba@gmail.com

Source: Vietnam Trade Office in Algeria

2. Trade Opportunities: The Algerian Group seeks partners in the field of textiles and footwear

Textile, garment and footwear group GROUPE GETEX Spa of Algeria, address: 131, Rue Hassiba Ben Bouali – Sidi M’hamed, Alger, wishing to establish a partnership with Vietnamese businesses in the textile and garment sector, leather shoes.

Interested domestic enterprises, please contact:

Ms. KHELFOUNE FATEH, Research and Development Director, Media and Partners
Tél: +21321 67 92 85
Fax: +21321 67 02 28
Mobile: +213560 46 01 49
E-mail: f.khelfoune@getex.dz

Source: Vietnam Trade Office in Algeria

3. Trade Opportunities: Japanese companies look for manufacturers of protective shoes (soft material)

Japanese companies need to find manufacturers of protective shoes (soft materials, not safety shoes).

Vietnamese enterprises capable of producing and interested, please contact the following address:

Email: kou@shintojitsugyo.co.jp

Source: Vietnam Trade Office in Japan

4. Trade Opportunities: Algerian enterprises find suppliers of machinery and equipment for cosmetic production

Algerian customers want to import cosmetics production machinery and raw materials for the production of cosmetics.

Interested Vietnamese enterprises can contact:
Mr. Benyouci Mohamed
Email: mohamed.benyouci7@gmail.com

Source: Vietnam Trade Office in Algeria

5. A French enterprise looking for a manufacturer of A4 paper

 

The French Trade Office would like to announce that a French importer is looking for a producer of A4 paper.

Interested businesses can contact us directly to exchange information at the following email address: artifacts.sas@gmail.com (in English).

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/weekly-trade-opportunities-16-22-11-2020

Read Vietnam Economy Weekly News

Weekly Vietnam Property News (14 – 21/11/2020)

Property News: The real estate market has recovered strongly with many positive signals

The Ministry of Construction said that despite experiencing the Covid-19 wave 2 times but based on the evaluation of macro factors as well as specific market indicators, the real estate market in the third quarter of 2020 is gradually recovering and developing.

The Ministry of Construction has just announced the report on the real estate market in the third quarter of 2020. Accordingly, the report stated that despite many difficulties, the housing sector and the real estate market in general still recorded positive points and significant indicators.

A number of solutions, mechanisms, and policies on the housing and real estate market are proposed and issued from the end of 2019 and early 2020 to take effect and take effect (such as the revised Law on Investment. 2020, the revised Construction Law 2020, Decree 25/2020 / ND-CP, a series of circulars, technical regulations and standards issued by the Ministry of Construction …).

In general, the real estate business across the country has progressed better, more vibrant, and has shown positive and positive signs. Towards the end of the year, the market shows strong signs of recovery.

Property News: Ho Chi Minh City accelerates the progress of key urban development projects

In addition to completing and effectively exploiting many projects, the city is also trying to solve many tasks to speed up the progress of projects as planned, soon complete the urban face.

To meet the needs of modern, large-scale urban development, Ho Chi Minh City is planned and is implementing many new urban projects in the vicinity and inter-region.

In addition to completing and effectively exploiting many projects, the city is also trying to solve many tasks to speed up the progress of projects as planned, soon improve the face of the city, effectively exploit efficiency of resources as well as ensuring the rights and improving the quality of life of the people.

Property News: Many real estate projects are about to restart

Recently, Ho Chi Minh City Real Estate Association (HoREA) said that real estate prices in Ho Chi Minh City increased unprecedentedly. Only in the first 6 months of 2020, the apartment market has set up a new price level, an average increase of 10 – 15%, in some places an increase of 30-40% compared to the same period in 2019, especially apartments in in District 2, District 9 …

The reason is said that the supply of new projects recently in Ho Chi Minh City is quite scarce because most of the projects are reviewed for a long time, while the demand for housing is still high, the need to invest in real estate HCM City real estate group of foreign investors increased sharply.

Real estate experts forecast that in the fourth quarter of 2020, the apartment market in Ho Chi Minh City will receive about 7,000 apartments.

Currently, the apartment market in Ho Chi Minh City started to increase strongly in new supply compared to the previous quarter. Many experts believe that the market in 2020 will look forward to the fourth quarter of this year when the disease is well controlled.

In fact, the real estate market in Ho Chi Minh City in recent days has started to flourish again with many launch projects open for sale at the end of the year, even the markets in the suburbs of Ho Chi Minh City are going quite exciting. activities, and also the main source of supply to the market.

In addition, a number of positive macro factors are also supporting future demand in the real estate market. Housing products will become attractive short-term investments for many groups of investors.

In fact, the real estate market in Ho Chi Minh City in recent days has started to flourish again with many launch projects open for sale at the end of the year, even in the suburbs of HCMC that are taking place. quite active, and also the main source of supply to the market.

 

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-14-21-11-2020

Read Vietnam Economy Weekly News