Three Things you Need to Know if Cambodia or Vietnam are on your Business List
In the last decade, a lot of companies have entered the Asian business, especially in countries such as Cambodia and Vietnam. Apart from being popular tourist spots these countries have also shown great promise for business which is why brands such as Burger King and others have made huge investments. From Special Economic Zones to ease of getting license, the governments here have made it simple for foreign investors and local businessmen to start their operations.
With this expansion the demand for good and reliable logistics company in Cambodia has also increased. Similarly, there is a huge demand for reliable shipping company at Vietnam.
If you are looking to start your business in either of these countries, then here are three things you should keep in mind:
- Understand the market. Before investing, ensure that you know everything about the people here, whether your product or service would get their attention, what should be your strategy to attract people and convert them into sales. If a strategy worked for you in a different Asian company, it is not necessary it will work here too.
- Get end to end information on all legal and government regulations. From license requirements, to registering as a taxpayer, availing tax benefits etc, every bit of information will be extremely useful to make it easy to get your business registered. You might want to look at hiring a business advisory firm for this.
- If your company is into manufacturing or you are looking to export your goods to these countries, make sure you have hired a reliable logistics company in Cambodia or a good shipping company at Vietnam. Registered shipping and logistics companies usually have a huge bouquet of services to offer which can be useful for your business