Office Safety Rules

Nowadays, the more civilized society, the more social evils, especially theft. So there are some tips for those who want their office to have more safety:

Office Safety: General Rules

1. don’t stand on furniture to succeed in high places.
2. Use the ladder or stool to recover or store items that are located above your head.
3. don’t jump from ladders or step stools.
4. Do not block your view by carrying large or heavy items; use the dolly or hand truck or get assistance from a fellow employee.
5. don’t throw matches, cigarettes, or other smoking materials into trash baskets.
6. don’t tilt the chair you’re sitting in. Keep all chair legs on the floor.
7. don’t kick objects out of your pathway; pick them up or push them out of the way.

Office Safety: Door Safety

1. Keep doors in hallways completely open or fully closed.
2. Use the handle when closing doors.

Office Safety: File Cabinet Safety

1. Open just one file drawer at a time. Close the file drawer you’re working in before opening another filing drawer within the same cabinet.
2. Put heavy files within the bottom drawers of file cabinets.
3. Use the control when closing drawers and files.

Office Safety: Stapler Safety

1. Point the ejector slot far away from yourself and bystanders when refilling staplers.
2. Keep your fingers away from the ejector slot when loading or testing tracking devices.
3. Use a basic remover, not your fingers, for removing staples.

Office Safety: Stair Safety

1. Use the balusters when ascending or descending stairs or ramps.
2. don’t store or leave items on stairways.
3. don’t run on stairs or take quite one step at a time.

Office Safety: SHARP OBJECTS

1. Store sharp objects, like pens, pencils, letter openers or scissors in drawers or with the ideas pointing down during a container.
2. Carry pencils, scissors and other sharp objects with the ideas pointing down.

Office Safety: PAPER CUTTER/SHREDDER

1. Position hands and fingers onto the handle of the cutting implement before pressing down on the blade.
2. Keep the cutting implement handle within the closed or locked position when it’s not getting used.
3. don’t use paper cutting devices if the finger guard is missing.
4. Do not place your fingers in or near the feed of a paper destructor.

Office Safety: ELECTRICAL Office Safety

1. don’t use frayed, cut or cracked electrical cords.
2. don’t plug multiple electrical cords into one outlet.
3. don’t use extension or power cords that have the bottom prong removed or broken off.
4. Use a cord cover or tape the string down when running electrical cords across aisles, between desks or across entrances or exits.
5. Turn the facility switch to “off” and unplug office machines before adjusting, lubricating or cleaning them.

Office Safety: FAN Safety

1. don’t use fans that have excessive vibration, frayed cords or missing guards.
2. Do not place floor-type fans in walkways, lanes or doorways.

Office Safety: Ergonomics / Video Display Terminals

When using Video Display Terminals or Computers
1. Locate and place documents, video screens and monitors in front of you. Allow 18 to twenty inches between you and therefore the document, monitor or video screen. Position the middle of the screen in order that the viewing angle is 15 to 25 degrees below eye level.
2. Place the keyboard low enough so that you are not required to reach up or out for the keys.
3. don’t extend viewing time, constant rapid muscular action, or fixed body positions for long periods of your time. Take periodic breaks from the display screen terminal by standing up and stretching.
4. for extra lower back support, place a pillow or bundled clothing within the chair at the tiny of your back.

Office Safety: Safe Keyboard Use

1. Keep wrist and hands during a straight position while key stroking by keeping forearms parallel to the ground and elbows at your sides.
2. When operating keyboards from a standing position, adjust table tops no above the elbow height.
3. When operating keyboards from a sitting-down position, use the correct chair height. The entire sole of your foot should rest on the floor or footrest and the back of your knee should be 1 to 2 inches higher than the seat of your chair.
4. Use a chair with back support. Your backrest should support the whole back including the lower back region.

For Foreign companies that 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-safety-rules

Read Vietnam Economy Weekly News

Why You Ought to Consider Before Getting Office Space

For some business people who are Getting Office Space, working without an office space is unthinkable. And that’s understandable because, for them, an office space is synonymous with work — and it’s going to boost their productivity too. If you’re on the verge of renting office space, here are reasons you’ll reconsider such plans.

1. Remote work is also trending when Getting Office Space.

While the office perks mentioned earlier (and more) are trending in the startup space, working remotely, a feasible alternative to renting an office, is in vogue too. Following the gang isn’t always the simplest idea, so forget for a flash the numbers on how popular remote work has become. Remote work also has several benefits including boosting productivity, increasing productivity, reducing operating costs (like costs of office rent), and improving employee engagement.
What’s more, allowing remote work gives you access to talents from everywhere on the planet, talents you wouldn’t get otherwise, and sometimes at cheaper rates. One field which will enjoy this is often the Blockchain technology sector, where local professionals could also be difficult to seek out or too expensive, and corporations often need to look overseas for talent.
Showy office perks are cool and trendy. But so is remote work. And the latter might be just what you would like.

2. You’re in debt.

Student loan debt stops 40 percent of individuals from even starting a business. For others who are in debt but manage to start a low-cost business, they need to continuously watch their spending so that they can avoid getting into more debt or swiftly pay off old debt.
If you’re in debt, a physical office is certainly an unnecessary expense. Your focus should get on paying off your debt first. It’s necessary because let’s face it, not every businessman is great at money management. And when you’re in debt, pocket money on an office is frivolous.

3. The costs can strain your budget.

Alluring office perks aren’t the sole extras you’ll spend money on if you’re getting to rent a replacement office space.
First, you would like to recollect that there are several sorts of offices, from the entire office where everything you’ll get to run your business is included, to an office where you’ll buy your own furniture and by other utilities. Obviously, the previous is typically costlier, but you’ll likely spend more on the latter counting on what you would like to line up your office.
Still, aside from costs based on the type of office you’re renting, there’s the cost of decorating it for maximum efficiency. Psychologists reckon that the colors used for decorating offices trigger different moods in employees. The end goal is that your office shouldn’t be too drab to stimulate you or your employees creatively. Because there’s a skinny line between an office that’s inspiring for work and one that’s too distracting to permit any kind of focus.
Nevertheless, even without these extras, renting an office can already be too expensive for you. The money is often better wont to solve other problems in your business.

4. Outsourcing is an option about Getting Office Space.

I mentioned this shortly earlier, but it deserves its own blurb. There are many benefits of subcontracting, including, but not limited to, saving on office space, higher efficiency, access to skilled workers, and lower overhead costs.
Nevertheless, you’ll need to weigh this carefully.
Are the operations you’re getting to outsource a core a part of your product or service offerings? Will it require purchasing additional equipment before it’s done successfully? What are the value implications of getting someone to roll in the hay in-house versus outsourcing it?
While you’re considering the possible advantages, consider the drawbacks side-by-side. Issues like revealing tips about your business, loss of control within the business’ procedures, or communication problems can rear their ugly heads once you outsource work. Can you deal with such difficulties? Is the strain of getting and fixing an office greater than the stress of handling or managing outsourced workers?

5. There are other alternatives.

If you’re performing from home already and contemplating getting office space, there are other options you’ve probably not examined.
Co-working spaces can eliminate the necessity for a standard office. They are affordable and you pay monthly membership fees to use them. Depending on what proportion you’re paying or available offices in your area, you’ll get access to a room too if you’re building your startup and wish to meet regularly with your employees.
If you operate your business in an area where there are small-business incubators, you can apply to one to enable you to set up office space for your startup at discounted rates. The downsides here include limited or no availability of incubators in your area, undergoing a tedious application process to be accepted in an incubator, and restriction of obtainable incubators to certain industries. Additionally, though leasing arrangements with small business incubators might not be as expensive as getting office space, they’re often pricier than membership fees for a co-working space.
After all considerations, if you ultimately decide you would like office space, you’re not limited to a standard office, but can enjoy employing a co-working space or leasing from a small business incubator at cheaper rates.

There are substitutes to office space.

Don’t spend a fortune renting an office when you can do without one at least for a while or maybe until you’re more profitable. And if you’re profitable, you’ll still economize by examining other alternatives discussed here. Whatever your final judgment, choose an option that suits your needs or the requirements of your business.

For Foreign companies that 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/why-you-ought-to-consider-before-getting-office-space

Read Vietnam Economy Weekly News

7 Expert Recommendations on Finding the Right Office Space For Your Startup

Finding and leasing knowledgeable office space that both meets your needs and your budget is both exciting and stressful for beginning entrepreneurs, often mostly the latter. But it doesn’t have to be. Here are the top seven tips for finding the perfect office space for your startup:

1. Know how much office space you need.

Typically, a good rule of thumb is budgeting for about 1,000 square feet for every four to six employees.

2. Be considerate of your employees.

Map out where your employees live and, from there, hunt down an office space that’s relatively convenient for every to visit on a daily basis. Coming up with a centralized location is the most important consideration in the process. If you make it easy for everyone to get there, you’ll retain more talent, existing and future.”

3. Be open to subleasing an office.

If you’re just starting to pull in revenue, but you’re not profitable, you might not have enough in the bank to convince a landlord to rent a commercial space to you for longer periods of time. If this is often the case for you, we propose you sublease your first office space. Shorter-term subleases are often month to month and, more rarely, week to week. Some can also last a single year.

4. Work with an agent people you trust recommend in the office space.

Err on the side of caution and don’t work with an agent who has never successfully found an office space for someone you know. Similar to once you move somewhere new and look for a replacement doctor, you wouldn’t want to go away something this important up to chance.
Once you’ve curved up personal recommendations, if you feel it’s necessary, do some additional homework. Look up the agents on LinkedIn and Zillow and see what former clients are saying about them online.

5. Consider setting up shop at a co-working space.

This is likely your best bet if you’re working with a decent budget and need a versatile, lower-cost arrangement.
Depending on the precise co-working location, you’ll rent a variety of spaces — from team-friendly environments to dedicated individual desks, to entire meeting rooms — on an hourly, weekly, or monthly basis, or even indefinitely.

6. Make sure you don’t end up with an awful landlord when renting an office space.

Bad landlords are right up there with bad bosses. They can make your life — and therefore the lives of your employees — miserable. To ensure you finish up with a landlord who is professional and plays fair, ask tenants within the building (or co-working arrangement) you’re considering renting space in.

7. Know that everything’s negotiable, even rent.

There are no hard and fast rules when it comes to nailing down an office space. For example, just because the rent for an office is listed as $5,000 a month doesn’t mean it’s actually $5,000 a month. You should always negotiate the rent down between 5 to 20 percent below the listed price. You’d be surprised how much people are willing to go down.

For Foreign companies that 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-expert-recommendations-on-finding-the-right-office-space-for-your-startup

Read Vietnam Economy Weekly News

Market Office for lease 2020 & Outlook 2021

In 2020, the market office for lease supply continues to increase while demand is limited due to the impact of Covid-19, vacancy rate increases & occupancy rate decreases slightly. Enterprises tend to change the flexible working model and consider moving offices from the center to the neighboring districts. However, Vietnam is considered as one of the least affected countries and prospects for economic and infrastructure development.

Office for lease Supply: Supply in 2020 increases compared to last year.

In Q4 2020, there were no new Grade A buildings in the HCMC office for rent market. However in 2020, the market burns
received 1 additional Grade A and 7 Grade B projects, providing about 139,000 m2 of net leasable area, stock of more than 2.3 million m2, up 7% QoQ and 12% YoY.

Office for lease Demand: Occupancy rate decreased slightly

Tenants struggling during the Covid-19 period mostly chose to reduce their occupancy or even switch to lower-segment buildings. Vacancy rates increased as tenants paid for floors and new projects with low occupancy, tenants moving to the lower segment or townhouses accounted for more than 50% of outbound transactions during the year.

Tenants who are financially rich, unaffected by the pandemic are moving their workplace to Grade A towers, although the number of transactions in Q4 / 2020 is much lower than the previous quarter. The supply of Grade A buildings remains stable. Despite a slight decrease compared to the same period last year, the occupancy rate in Q4 still reached over 90%.

Tendency: Tenants prefer flexible space

Due to the influence of Covid-19, enterprises cut down on the number of employees, business uncertainty caused firms to want to hire on short-term and more flexible contracts.

Some businesses will transform telework and reduce staff density in the workplace to secure season gap and reduce rented space, coworking space, or serviced private office for rent are an alternative that many businesses are considering.

In addition, the trend of moving to neighboring districts with lower rents is also sought by businesses to reduce costs.

Outlook: The market outlook for 2021 is limited, but potentials from economic and infrastructure developments

The market will welcome five new projects by 2021, which will add more than 76,000 square meters of space to the market. These projects are D ‘Saint Raffles, Geleximco, Empire 88, Cobi Tower 2, and The Graces. Other notable projects thereafter include V Plaza Towers which will add 66,000 square meters by 2023 and 35,000 square meters from The Spirit of Saigon Building in 2024.

By 2023, the office for rent market is expected to record an additional 325,000 square meters of floor space, of which supply in 2021 accounts for over 60 percent. The vacancy rate is estimated to continue to increase in 2021 as a large amount of new supply enters amid limited demand. Although the market outlook is limited, Vietnam is among the least affected countries.

According to the forecasts of FocusEconomics, the average annual GDP growth of Vietnam will reach 6.9% / year in the next three years, confidence and investor position will continue to be strengthened.

Many Foreign Trade Agreements including EVFTA, UKVFTA, and RCEP that will begin or continue in 2021 is expected to contribute to increased demand for the office for rent market. In terms of infrastructure, the introduction of Thu Duc City will most likely boost the value of the real estate market in the East of HCMC. Along with that, the Ben Thanh – Suoi Tien Metro line project makes an important contribution to connecting Thu Duc city with the central area, increasing the value of works along Hanoi Highway.

For Foreign companies that 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/market-office-for-lease-2020-outlook-2021

Read Vietnam Economy Weekly News

10 Expert Tips For Negotiation An Office Lease Renewal

Most tenants are unacquainted about negotiation an office lease renewal. Some may not even realize they have the opportunity to do so! Typically their broker advised them of their current lease, so they are not aware of what terms to negotiate in the first place. With the vast amount of things participating in renewal, it’s going to leave tenants wondering where to even begin. Luckily, the tenant can have specific information to leverage better lease terms if the negotiation is approached correctly.

1) Negotiation: Absolutely engage the services of a tenant representation broker.

Landlords conduct negotiations on a daily basis, whereas tenants are only in the market every 3 to 10 years. A commercial real estate broker who specializes in tenant representation will know current market conditions, including the terms offered at your existing building for new leases and for lease renewals, as well as the terms offered by your landlord’s competitors. The simple presence of an experienced broker at your side signals that you are considering relocation and are knowledgeable of current market terms, making clear that your landlord will have to offer more competitive terms to renew your lease or risk losing your business. Keep in mind, not all brokers are created similarly. It is far better to engage the services of a broker that specializes in representing tenants, often referred to as a Tenant Rep Broker.

2) Introduce competition into the negotiation.

Whether you are truly interested in resettlement or not, alternative buildings must be considered to add competition to the lease negotiation. If your landlord does not believe you are considering relocation, you have no leverage in the renewal negotiation. You and your broker must persuade your landlord that he or she is competing for your business.

3) Start early.

If you start negotiations too late, you won’t have the leverage, flexibility, or time needed to urge the simplest deal. A threat to transfer, for example, is only believable if you can really do so before your lease ends. By starting early, you can evaluate the market, present a plausible interest in relocation, and walk away from a first offer – all with time to spare to be courted back by your landlord.

4) Negotiation: Do not accept the landlord’s first proposal.

Once the landlord has made a primary renewal proposal, sit on it. Your measured and leisurely consideration of the offer communicates to your landlord that you are out in the market evaluating office lease alternatives.

5) Ask for more than you can get.

Once you’re ready to respond to your landlord’s renewal proposal, be aggressive. Ask for more than your targeted rental terms. Your landlord does not want to lose your business and will negotiate even if he or she feels your counter is unreasonably low. Your aggressive approach will also reveal where the landlord needs to be to get close to your first counter.

6) Ask for more than just a great evaluation.

What else can you ask for? Anything within reason. A lease renewal is your opportunity to resolve any nagging issues that may have been present during the term of your lease. This almost always includes some office improvements, such as carpet and paint, but can also include things like common area renovations or upgrades, reserved parking spaces, fitness center memberships, or free use of a conference facility. The time to invite improvements is now – when your landlord is competing to stay your business.

7) Negotiation: don’t expect returns on your good tenancy.

You will not get a better deal because you have regularly paid rent for 15 years or have a “nice” relationship with the landlord or building manager. In fact, just the opposite is true. As a renewal, you will get a less competitive offer than someone with no history in the building. Landlords offer new tenants better terms than they provide to existing tenants for lease renewals. Factor goodwill out of the negotiation.

8) don’t speak to the leasing agent or the owner without your tenant representative.

Remember, it’s in the landlord’s best interest to negotiate with you, the tenant, without your expert presence. Unless you have developed your approach with your tenant representative beforehand, discussing the terms of the deal directly can undermine your negotiation strategy.

9) Carefully control information regarding the renewal negotiation.

It’s not uncommon that your landlord will have a champion within your company. Make certain your information is well controlled in order that your motivations aren’t uncovered during the negotiation, undermining your efforts to urge the simplest renewal terms. “Loose lips sink ships” has never been as true as during the negotiation of an office lease.

10) Make sure your tenant representative and attorney are working in tandem.

Retain a real estate attorney to review the lease and its amendments. However, don’t believe your attorney to barter rates, and don’t believe your broker to barter legal clauses.

For Foreign companies that 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/10-expert-tips-for-negotiation-an-office-lease-renewal

Read Vietnam Economy Weekly News

What foreign investors should know when invest in Vietnam?

We summarize in this article essential information for foreign investors who want to make an investment in Vietnam

I. How to invest

1. Forms of Investment

The General Investment Law distinguishes between direct investment and indirect investment. Direct investment involves the capital investment of the investor participating in investment management. In indirect investment, an investor can (A) buy stocks, certificates, bonds, or other valuable papers, (B) invest in an investment fund or (C) invest. through an intermediary financial institution; but in any case, the investor is not directly involved in the management of the invested enterprise.

For more detailed information, please click here: https://lookoffice.vn/forms-of-investment

2. Branches and representative offices of a foreign entity

Under the Commercial Law, foreign enterprises are entitled to establish representative offices or branches in Vietnam. Foreign businesses must be responsible before Vietnam’s law for all activities of representative offices and branches in Vietnam.

For more detailed information, please click here: https://lookoffice.vn/branch-representative-office

3. Procedures for setting up a foreign-invested enterprise

• Investment certificate
• Procedure
• Licensing authority

For more detailed information, please click here: https://lookoffice.vn/procedures-for-establishing-a-foreign-investment-enterprise-in-vietnam

4. Taxation

The tax system in Vietnam includes the following main taxes:

• Corporate Income Tax (CIT);
• Import – Export Duties;
• Value Added Tax (VAT);
• Special Sales Tax (excise tax) or (SCT); and
• Personal Income Tax (PIT).

For more detailed information, please click here: https://lookoffice.vn/how-to-invest-in-vietnam-taxation

5. Labor regime

Vietnamese and foreigners working in Vietnam must obey the Labor Code. The Labor Code has created a legal framework defining the rights and obligations of employers and employees, working hours, labor contracts, payment of social insurance, overtime, and suspension. public and termination of labor contracts, etc.

For more detailed information, please click here: https://lookoffice.vn/how-to-invest-in-vietnam-labor-regime

6. Land issues

• Land Management Regime
• Land Use Right Certificate
• FIEs and Foreign Invested Projects
• Foreign Investments in Real Estate
• New Urban Center Development
• Land Management in Ho Chi Minh City and Incentives in Investing in Ho Chi Minh City

For more detailed information, please click here: https://lookoffice.vn/how-to-invest-in-vietnam-land-issues

7. Intellectual property

Intellectual property (IP) is a key concern for every business, regardless of where they operate. This is equally true in Vietnam; Although the country is a party to many IP conventions, there are many reasons for foreign companies to work there to closely monitor IP violations. Therefore, it is important for foreign investors to have an understanding of how IP operates in Vietnam and what it can recover if they handle their own property violations.

For more detailed information, please click here: https://lookoffice.vn/how-to-invest-in-vietnam-intellectual-property

II. Business Environment

1. Investment  Incentives

• Forms of Incentives
• Investment incentive projects
• Lines of investment incentive
• Areas of investment incentives

For more detailed information, please click here: https://lookoffice.vn/vietnam-investment-incentives

2. Business Costs

• Labor Costs
• Telecommunication Expenses
• Transportation Costs
• Public Utility Cost
• Land and Office Space Rental

For more detailed information, please click here: https://lookoffice.vn/business-cost-in-ho-chi-minh-city

3. Conditional Sectors and Trade and Banned from Business Investment

• Sectors & Trade Forbidden Business Investment

• Sectors and Trades Subject to Conditional Business Investment

For more detailed information, please click here: https://lookoffice.vn/conditional-sectors-and-trade-and-banned-from-business-investment

For Foreign companies that 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-foreign-investors-should-know-when-invest-in-vietnam

Read Vietnam Economy Weekly News

8 Lease Negotiation Tips From Pro Tenant Reps

When going into a billboard office lease negotiation, the chances are often stacked against the company clients because the owner knows tons about the method. After all, landlords want to recover the maximum amount of money as they will from their commercial land investments. They set hefty monthly rents and include critical terms that favor the continued management of their properties. Even though lease negotiations may cover complicated legal documents that will carry many dollars in overall costs, turning the method around to your benefit doesn’t need to be hard to do. We know office lease negotiations are often arduous initially, which is why we’ve compiled lease negotiation tips from pro-tenant reps.

1. Read Carefully

Commercial leases often involve complex clauses, large amounts of paperwork, and detailed wordings which will be overwhelming for a company tenant. Therefore, it’s essential that you simply read the fine print. There are tons of things hidden within the details.
When seemingly small points are overlooked, they will easily become major concerns.
Here are a couple of belongings you might want to concentrate to:
Check that the named landlord is the owner.
Guarantee your lawyer check the detailed commercial lease wordings
Also, pay attention to break clause wording
Commercial leases aren’t like a day straightforward transactions. The fine print contains massive information that will affect your tenancy experience.

View Non-compete clauses carefully

Non-compete clauses are often great for you if they limit other tenants, but can really limit your ability to try to do business when they’re applied to you. For example, imagine if you were running an Asian restaurant during a retail center with a delicatessen. It’d be reasonable for the owner to place in lease terms that prevent the deli from selling Asian foods while preventing you from serving sandwiches. However, given the recognition of Banh Mi (Vietnamese sandwiches), that clause might cause you to miss out on a potentially significant opportunity to extend your lunch sales.

Put it in writing

Always put your negotiations in writing. By having the small print of your negotiation in writing, you’re ready to avoid any misunderstandings. In addition, when the owner is cognizant of what you would like, they will easily answer your requests.

Read Fine Print

One of the foremost important parts of lease negotiations is to read the fine print carefully. Seemingly small points can have an outsized impact on the general economics of a lease. For instance, the supplement of 4 small words — “capped at 3 percent” — to the language describing a lease’s inflation-indexed annual increases could save your company from skyrocketing costs if the increase of the 1970s and 1980’s returns. This is one area where an attorney is often a useful adjunct to your broker in lease negotiations.

Use Fine Print

Many commercial land tenants are shy to use the fine print because their landlords act just like the contract is standard and therefore the fine details are insignificant. However, commercial real leases are usually long-term fiscal commitments. Hence, you would like to make sure that you simply are using the fine print to your advantage. For instance, you’ll use the fine print in securing all the available perks for your business like free wi-fi.

2. Shop Around

When you go searching, you’re ready to find the typical market rate within the area and also discover more spaces that would be more excellent for your business.
Even if there’s only one perfect space for you, the key to getting the best terms is to create competition for your tenancy. Knowing what other landlords are offering helps you to evaluate what lease terms to request in your offer for the space you would like. It also creates some fear of loss on the part of your landlord by letting him know that you simply could go elsewhere.

Identify Outside Contributors

While choosing a community, reach out and see if anyone is there to assist make your lease cheaper. Local, regional, and state governments also as some not-for-profit organizations may have money available to assist fund a number of the value of your move-in, lease expenses, or tenant improvements. Knowing what you’ll calculate before you sit right down to commence lease negotiations can offer you a stronger position since you are able to, a minimum of partially, negotiate with someone else’s money also as your own.

3. Do The Math

It is essential that you simply carefully review all the incidentals you’re getting to pay so on make sure the total cost is within your budget.
In addition, it’s also important to understand that your rental rate won’t be calculated solely on the amount of the square footage you’ll be occupying, but also on the portion of square footage that you simply are going to be sharing with other tenants. Your landlord goes to use “Load Factor” to work out the quantity of rentable square footage. Therefore, it’s important to ask how the calculation is completed and double-check the calculation for accuracy and fairness.
Also, do not be shy to ask for special clarification about any future increase in the rental rate of the premises and the costs incurred.

Look at Total Cost

To many tenants, the sole numbers that matters are TI allowances and net rent levels. If they get a high TI allowance and a coffee rent rate, they’re happy. While net rents and TIs are important lease terms, they’re far away from the sole ones that matter. Which lease would you rather sign?

Many tenants would probably jump at the primary rent. After all, it’s more CAMs and lower rents.
However, if you read carefully, you’ll see that the worth of the additional free rent on the second lease is well quite the worth of the CAMs on the first lease.
Furthermore, while the rent on the primary lease starts out lower, the typical over five years is $53. The second lease’s average is just $52.

4. Consider Hiring Tenant Rep

If your company doesn’t understand the market and rental negotiations—or doesn’t have someone with the time to properly take over the negotiation—you should consider hiring the service of a professional broker which will help secure the simplest deal.
A tenant rep works exclusively with the tenant and provides unbiased advice. Having a commercial tenant representative on your side can improve results during the negotiation process. They understand the market, and dealers can show you hidden opportunities.
Tenant brokers have expert knowledge of the commercial land market. In addition, they use several proprietary tools in analyzing the market and determining whether a neighborhood or maybe a building is sweet for your business needs. Working with a tenant rep takes away the guesswork out of your marketing research and lease negotiation.
Tenant brokers often have the influence of having ample experience working with a particular landlord, so they are able to know what to do to have an effective negotiation. They can also assist you evaluate counter offers and allow you to know whether it’s better to agree or continue negotiating. Best of all, brokers’ fees are paid by the owner, so you will not need to look out for additional costs to enjoy the advantages of their knowledge and knowledge.

5. Understand Landlords’ Perspective

While accepting a lease is a business need for you, it’s important that they match the landlord’s terms (if you’re getting to have a deal). Hence, it’s essential to understand what the owner is curious about. This will help you structure the bargain to suit your landlord’s needs while still getting terms that are favorable to your business.

6. Understand Power of Term Length

Landlords don’t want to negotiate every year. Hence, if you’ll offer a longer-term on your lease, they’re likelier to comply with lower costs.
It is essential that you simply first evaluate your office space needs, so you’ll decide if an extended lease term is sweet for you. Once you’ve got decided to travel for an extended lease length, you’ll find that landlords are more wanting to hear your offer. Opting for a long-term lease will offer you far more leverage together with your landlord than you will be afforded with a shorter term. Still, you would like to require some steps to stay some flexibility in your lease to future-proof your business.

7. Research Market

This is integral to your lease negotiation success. In-Depth knowledge of the present market conditions will put you in a good negotiation position. For instance, once you are ready to copy your requests with current market data, your landlord will likely oblige. In addition, you’ll also want to seek out zoning laws within the area, so you don’t negotiate an area that you simply cannot use for your business.

Know the Going Rates

Knowledge, as it is said, is power. To have leverage when negotiating with the owner, it’s essential that you simply know what other companies are paying for similar buildings and properties in your area. This will assist you to understand if the quoted fee is in line with the present market rate.
In addition, make sure that you check the zoning laws for the world. Certain zoning laws may hinder parts of your business process. Hence, make sure that you’re negotiating a building within the right area.

8. Be Professional

Be professional and respectful of the landlord’s position.
The landlord wants to fill the spaces within the building. They have needs like commercial real estate tenants. Hence, they need to urge an honest deal too.
The landlord could seem unreasonable but always keep it professional. In addition, don’t let your desire to secure what you think maybe a bargain to form you compromise on your values.
To be professional when handling the owner, follow these tips:

• Be flexible and reasonable. While there could also be many spaces within the market that you simply can choose between, once you find the perfect office space, be flexible and deal positively with the owner.
• Don’t be insulting. Always judge in good faith, unless proven otherwise. If you discover inappropriate terms or wordings within the terms of the lease, call the eye of the owner thereto.
• Make a counteroffer. When you see that the owner makes a suggestion that appears to be ridiculous. Instead of getting angry, make an appropriate counteroffer. There is more to be won in making a counteroffer than calling out the owner.
• Think long term. If you’re unable to comply with an effect the owner, you are doing not need to burn the bridge. There are future office space needs that you simply may need to address within the future, and it’s easier to barter with a landlord whom you’ve got negotiated with in the past.

The more you try to negotiate for mutual benefits, the higher your experience will be when you sign a lease and secure office space.

For Foreign companies that 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-lease-negotiation-tips-from-pro-tenant-reps

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How to Rent a Private Office in Ho Chi Minh City

Finding a private office space for rent in Ho Chi Minh City isn’t so difficult. Currently, Ho Chi Minh City is that the place to be chosen by businesses, companies, and individuals to rent offices. Because Ho Chi Minh City is one of the 2 largest cities within the country, where the concentration of the many districts with great economic development, beautiful location and scenery, convenient for the search and travel.

How to rent a private office?

Having a spacious, well-appointed representative office will help to make a far better, more professional image within the eyes of consumers.
Here we’ll ask the foremost common sort of office rent today is to rent offices in buildings, buildings. When renting during this form, the monthly rent will depend upon the subsequent important factors:
One is that the area rented, the agreed service charge, and therefore the location, condition of the building where you rented it.
Second is the rental price: the rent in the central districts as District 1, District 3…will be higher than the district far from the city center. The new, beautiful buildings, located on the larger roads, the higher the rent. In addition to the monthly rent, the tenant also has to pay other service fees such as electricity, water, security, parking, monthly cleaning, …
Experienced to seek out the office for rent within the central district at cheap you ought to find the buildings of medium buildings, not too new, just check out the space is relatively spacious, clean is okay. Next, within the process of negotiating with the building owner, you ought to carefully consider what other monthly service fees are reasonable to think about, compare and make reasonable choices. Best.

Notes when renting a private office in Ho Chi Minh City?

Pay attention to rent

Tenants will usually have to pay some additional fees when renting an office. As mentioned above, besides the monthly rent, Office renters often pay additional fees like security fees, cleaning fees, VAT, electricity, internet, overtime charges (for offices that are often overtime or on holidays). So you ought to ask and clearly identify these fees to understand the precise amount you pay monthly. Sometimes there are cases where the fee charged at the office you think is cheaper to calculate is above other buildings.
In addition, you should note the following:

– what’s the world you hire to figure exactly? This area does not include a toilet area, hallway, kitchen,…
– what’s the entire cost of rent to be paid each month?
– The toilet area should be clean and cozy.
– Rules, working hours of the building. If your company regularly raises shifts outside of business hours or on public holidays, you always pay an additional hour for the building owner.
– Should rent office within the cool direction as East, Northeast,…avoid rent within the west or rent on the ground too hot due to the warmth will cost you more harmony.
– it’s advisable to rent a basement office or a personal parking lot for your employees.

Notes when signing an office lease contract

– Deposit and deposit conditions.
– The rate of rent increases periodically (usually no more than 10% per year) for office buildings.
-Rights and obligations of the lessee and therefore the lessee in matters like repairing, changing the office structure, repairing defects or damage arising during use.

How long does it take? If either party terminates the contract, what is going to the compensation be? However, our advice for little and medium businesses is to rent only between 6 months and 1.5 months maximum.

Hopefully, with the shared experience, you’ll easily find a rented office at affordable prices in Ho Chi Minh City.

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-rent-a-personal-office-in-ho-chi-minh-city

Read Vietnam Economy Weekly News

Weekly Trade Opportunities (18 – 24/01/2021)

Here are some of the Trade Opportunities collected over last week (18 – 24/01/2021)

1. Trade Opportunities: Hong Kong enterprises want to find a partner to manufacture magnetic coils

Hong Kong enterprises find potential manufacturers of magnetic coils used in electronic circuit boards in Vietnam.

Enterprises interested in and manufacturing in the above fields can contact us directly for the introduction.

Contact information:
Ole Wolff (Asia) Ltd.
Mr. John
Email: jl@owolff.com

Source: Vietnam Trade Office in Hong Kong

2. Trade Opportunities: Taiwan enterprises find needles suppliers

ALWEL Group Taiwan seeks to supply needles and syringes, details are as follows:
– Product’s name: Syringe pump (注射器 ， 帶 針）
– Specification: 1/3 / 5mil

Details on specifications and requirements are directly discussed by the two Parties.

If Vietnamese enterprises can supply the above products, please send information introducing the supply capacity, together with the salesman’s business card by the following method:

Dr. David Kang
ALWELL GROUP TAIWAN
Rm 707, No 27-1, Wuquan 5th Str., Wugu Dist., New Taipei 248, Taiwan
Tel: +886.2.8521.7991; Fax: +886.2.8521.7995
Email: david@alwell.com.tw

Source: Vietnam Economic and Cultural Office in Taipei

3. Trade Opportunities: Philippine businesses looking for rice exporters

DAN VIL TRADING CORPORATION mainly operates in the field of importing and trading agricultural products such as flour, grain, corn, and other food products for human as well as animal feed, private labels as well.

The company was established on October 6, 1988. The business became successful and with enough marketing resources, DAN VIL was able to add more consumer products.

Currently, the company’s operations are mainly based on the import of food products for human consumption such as cereals and flour, animal feed, and some industrial products such as stretch films, master alloys, rhodium, and jewelry instruments for the Philippine market.

Currently, the company is looking for suppliers and partners for rice, maize, and other agricultural products and wants to cooperate exclusively.

Currently, the company is looking for exclusive partners and suppliers of rice. You can start with a small amount first, then gradually increase it. The import capacity may be as high as 50 FCL per week assuming quality and price will meet our market and if the Philippines economy returns to normal, the company will achieve its target.

Contact:
Mr. Deo Daniel B. Villacorta
President / Managing Director
Unit 2, 3rd Floor Topy Building IV. No. 3 Economia St., Bagumbayan,
Quezon City 1110, Metro Manila, Philippines
Telephone Number (+632) 634-539 / (+ 632) 571-5178
Fax Number (+632) 637-7746
Email: deo.villacorta@dvc-ph.com
Skype ID: danvilcommcorp

Source: Vietnam Trade Office in Philippine

4. New Zealand companies looking for manufacturers of test products

Harvey Elliott Ltd is looking for a manufacturer of test products in Vietnam.

Requirements for the product are as follows:

Yoga mat with closed structure foam (closed-cell foam)
Aluminum foil (aluminum foil)
PE plastic material coated.
Cut the shape with the mold then finish manually.

The company will provide the specifications.

Vietnamese enterprises interested, please contact:
Mr. Simon Elliott – Director
Email: info.harveyelliott@gmail.com

Source: Vietnam Trade Office in New Zealand

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-18-24-01-2021

Read Vietnam Economy Weekly News

General information on Investment Regulations in Vietnam

We summarize in this article the general provisions on investment in Vietnam, including the following main contents:

Forms of business investment:

The General Investment Law distinguishes between direct investment and indirect investment. Direct investment involves the capital investment of the investor participating in investment management. In indirect investment, an investor can (A) buy stocks, certificates, bonds, or other valuable papers, (B) invest in an investment fund or (C) invest. through an intermediary financial institution; but in any case, the investor is not directly involved in the management of the invested enterprise.

For more detailed information, please click here: https://lookoffice.vn/forms-of-investment

Investment guarantee

• Assurance of property ownership
• Business investment guarantee
• Guaranteed to transfer assets of foreign investors abroad

For more detailed information, please click here: https://lookoffice.vn/vietnam-investment-regulations-investment-guarantees

Investment incentives

• Forms of Incentives
• Investment incentive projects
• Lines of investment incentive
• Areas of investment incentives

For more detailed information, please click here: https://lookoffice.vn/vietnam-investment-incentives

Investment support

The Government shall detail the above forms of investment support for SMEs, hi-tech enterprises, science and technology enterprises, science and technology organizations, and enterprises investing in agriculture, rural areas, enterprises investing in education, law dissemination and subjects suitable to socio-economic development orientations in each period.

For more detailed information, please click here: https://lookoffice.vn/vietnam-investment-regulations-investment-support

Conditional Sectors and Trade and Banned from Business Investment

• Sectors & Trade Forbidden Business Investment

• Sectors and Trades Subject to Conditional Business Investment

For more detailed information, please click here: https://lookoffice.vn/conditional-sectors-and-trade-and-banned-from-business-investment

Investment project subject to investment policy decision

• Authority to decide investment policy of the National Assembly
• Competence to decide investment policy of the Prime Minister
• Authority to decide on the investment policy of the People’s Committee of the province

For more detailed information, please click here: https://lookoffice.vn/investment-project-subject-to-investment-policy-decision

Settlement of disputes in business investment activities

Disputes related to business investment activities in Vietnam are resolved through negotiation and conciliation. In case of failure to negotiate or mediate, disputes will be resolved by arbitration or a court.

A dispute between a domestic investor, a foreign-invested economic organization, a domestic investor,or a foreign-invested economic organization and a competent state agency in charge of the action. Business investment activities in the Vietnamese territory are resolved through Vietnamese arbitration or Vietnamese courts.

For more detailed information, please click here: https://lookoffice.vn/settlement-of-disputes-in-business-investment-activities

Transfer of profits abroad

• Time to transfer profits abroad
• Determine the number of profits remitted abroad
• Notice of remittance of profits abroad

For more detailed information, please click here: https://lookoffice.vn/remittance-abroad-of-profits-from-investment-in-vietnam

For Foreign companies that 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/general-information-on-investment-regulations-in-vietnam

Read Vietnam Economy Weekly News