Quote:
Originally Posted by SingViet
I think i have mentioned several times in this thread, individual foreigners cannot own land in Vietnam. Foreign companies can own a land with house built on it, but for a limited number of years. So any money poured in for the VN gal to buy land and house is money wasted and cheated.
As for doing business in VN, still too many singaporeans think its a thriving and cheap market with large population. Yes it is but its not cheap. Their business culture is very much different from Singapore and its also very much different from the developed nations. Lots of red tapes from government side and lots of different character to handle in the mist of doing business. At the same time, competition is very stiff. So its not as simple as just dumping money and the money growing like no ones's business. Singaporeans only hear of foreigners investing in vn and making money there, but there never hear of foreigners making huge losses and exiting the market after a few years.
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Thanks bro... at least it clears my doubt.
Sadly... as mentioned above... he will have to learn the hard way
I do hope taking wedding photos together does not equate to marriage in VN... if not he will be in trouble!
Thanks everyone for the insightful comments!
