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Recommendations for entrepreneurs considering business with Vietnamese partners. The advice presented is based on the author’s personal experience with a long-term stay in the country. The second part discusses in detail the specifics and local customs related to negotiations and contracting.
This is the first part of a two-part series for entrepreneurs and businessmen planning to expand to Vietnam. The advice presented is based on the author’s experience with a long-term stay in the country. The article corrects some of the widespread misconceptions about business in the SRV and summarizes Vietnam's potential in terms of trade and tourism.
The history of the Vietnamese state is full of long fights against many and often much stronger enemies. According to legend, first state formations on the territory of today’s Vietnam have existed since the third millennium BC and the most fabled sovereigns were the Hung kings. The legacy of this era is represented by large bronze drums that have become one of the symbols of Vietnam.