ChangMax Consult
Starting-Up in Vietnam
Vietnam is a country in Asia with an emerging economy that had been growing even in turbulent and uncertain times. Vietnam is a rich country, rich in many kinds of resources but maybe not yet rich in dollar sense. As many people and business entities realized the bright future of Vietnam, Many has therefore planned and wanted to build a life (either business or personal) in Vietnam. Like in any other countries, Vietnam is not without shortfalls. The laws and regulations often changes and implementation of laws and regulations are very open to the interpretation the local authorities who implemented them. Therefore there are often hurdles along the way of setting up in Vietnam. ChangMax Consult seeks to assist clients to start up in Vietnam with minimum of difficulties.
Contact:
Chang Koon Yuen 曾冠源
ACT Tech Co Ltd
44C Street 60, Thao Dien Ward, District 2, Thu Duc City, HoChiMinh City, Vietnam
Mobile: +84-0903092282
Email: cky@actcol.com, cky@changmax.com
Initial Start-up
o Analyze the status and requirements of the client and plan out the various options for the client.
o Look for suitable site for office or factory, acquire site .
o Discuss with owner of the site on the terms and conditions of lease of the site (all legal documents, etc). Sign MOU for land.
o With detailed information of the proposed project, to apply for project proposal, Investment License. Tax incentives. Financial plan for execution of project.
o After receiving the Investment License, to apply for the Company Registration.
o Proceed with Company Stamp, Bank Account, Tax Registration, etc.
o Sign land lease agreement (official survey to confirm the land area). Proceed to complete the site documents and take over site.
Factory Design and Construction
o Proceed with designing factory, including all aspects such as architectural, structural, M&E, EIA, Fire-Fighting, MIS, internet, ethernet, MRP, Camera system, telephone system, PA system, etc.
o Apply construction permit, apply for EIA plan approval, apply for fire-fighting plan approval.
o Proceed with construction (ground breaking ceremony, first beam ceremony, etc).
o Monitor construction progress, check material specifications, check dimensions of constructions, inspection of structural beams, confirm painting specifications, etc, during course of construction.
o Obtain firefighting license, Wastewater Treatment facility certification, electrical system certification, etc. Final Building Certification.
Facilities Layout and Installation
o Machine and equipment import (this will be charged separately depending on each shipment), layout, installation, testing and commissioning, industrial safety certification.
Administration and Human Resource
o Set up management system, company policies and regulations, duties and responsibilities, authorizations.
o Human Resource – Organization structure, personnel planning, salary structure, local staff, foreign staff, recruitment, induction, training, welfare and grievances procedures, workers union, visas, work permit, workers health and safety at work, personal protective equipment.
o Establish a manpower requirement plan that includes details of position, duties and responsibilities, education requirements, experience requirements, personal requirements, salaries, working hours, etc. Induction of the planned manpower, training, performance appraisals, etc.
o Insurance – Fire All Risk insurance, Product Liability Insurance, Health Insurance, Social Insurance, vehicle insurance, Travel insurance.
Production
o Machine and equipment import (this will be charged separately depending on each shipment), layout, installation, testing and commissioning, industrial safety certification.
o Production engineering, planning and control, quality management and control. MRP/ERP implementation.
Supply Chain
o Supply chain includes all functions relating to the acquisition of raw materials, purchasing and procurement functions, storage and movement of materials in and out of the factory, including activities of packing, transport, customs clearance, certificate of origins.
o Customs requirements and procedures, import documentation, export documentation, transportation, Certificate of Origin, HS Code, Customs Audit, Preferential Tax compliance, customs requirements for tax-free status as 100% export enterprise. Weighbridge, camera system, IP address to customs, videos to be saved for 1 year.
o Vendor and supplier qualification for local suppliers.
o Compliance to Customer Evaluation, compliance or certification to international standards.
o Export Documentation, Certificate of Origin (Form A, Form B, ….) for preferential import tax at destination (these will be charged separately depending on each export shipment).
o Warehouse system and stock check, chemicals storage and handling.
Audit and Certification
o Audit for compliance with government rules and regulations.
o Vendor and supplier qualification for local suppliers.
o Compliance to Customer Evaluation, compliance or certification to international standards.
o Equipment safety certifications. (Cranes, forklift, compressor, air tanks, etc).
Finance and Accounting
o Tax Return monthly, quarterly, yearly; VAS and IFRS Format; Tax Audit; Transfer Pricing Report, Financial Reports, Funds Planning (these will be charged separately by professional services provider).
o Loan execution, State Bank approvals.
o Reimbursement of Tax
o Personal Income Tax for staff and workers.
Support Services
o Supporting facilities and services such as utilities of water supply and electricity supply.
o Compressed air distribution system and cooling water supply distribution system.
o Environment protection including wastewater treatment facilities, and exhaust gas and fumes extraction system.
o Worker health and safety monitoring and assurance.
o Air circulation and nominal temperature within factory.
o Firefighting and fire prevention systems.
o Notices and signage, trees and grass.
Stand-in General Management Service
My extensive experience in managing companies and factories, proficiency in technology and various languages, makes it possible for me to offer my services as stand-in General Management for short to medium term engagements.
Chang Koon Yuen 曾冠源
