Overseas investment will increase.

According to economic experts, the trend of Vietnamese businesses investing abroad to expand their markets will continue to increase.

Hoang Anh Gia Lai Group's rubber plantation project in Laos - Photo: NS

According to forecasts, Vietnam's registered outbound investment capital in 2013 will reach approximately 1-1.5 billion USD.

Conduct thorough market research.

The main destinations for Vietnamese businesses remain neighboring markets such as Laos, Cambodia, Indonesia, Singapore, and more recently, Myanmar… According to data from the Foreign Investment Agency - Ministry of Planning and Investment, by the end of 2012, there were 712 projects fromVietnamese businessesOutward investment remains in effect, with a total registered capital of US$12.4 billion and a presence in 60 countries and territories.

At the seminar "Overseas Investment Opportunities for Vietnamese Businesses" organized by the NewspaperSaigon BusinessmenIn a recent discussion, lawyer Pádraig Johannes Seif – legal advisor to many investment groups in Singapore – stated that businesses must carefully and thoroughly consider this plan. Sometimes, some businesses only see the positive aspects and miss the negative ones. Analyzing and evaluating investment opportunities should not rely solely on subjective opinions but also require consultation and counter-arguments. For large-scale investment projects, it is crucial to have legal and tax advice from the host country. Furthermore, businesses need to conduct in-depth market research before deciding to invest. Without sufficient understanding, investing abroad can lead to the loss of all assets.

For example, if you want to invest in Indonesia without consulting a local lawyer, you will encounter many difficulties when buying a house or office. Indonesia's legal framework is completely different from other countries; even something as simple as wanting to renovate a house is not easy...

Cultural integration is needed.

Many Vietnamese businesses have achieved certain successes in investing abroad, such as Hoang Anh Gia Lai Group, Viettel, and Vietnam Rubber Group, etc. This also affirms the capabilities of businesses not only in the domestic market but also in the region amidst the current context.global economic integrationDr. Klaus Philipp Seif, Director of Legal and Business Culture at BASF, emphasized that the market is people. Therefore, knowing the language of the host country is the first and most important factor. "You adapt to the circumstances," meaning that businesses wanting to invest in any country must integrate with its culture, customs, and traditions. Some behaviors and gestures, though seemingly small, can have a significant impact. Therefore, business leaders themselves must understand even the smallest aspects of communication culture.

Mr. Tran Van Muoi, Chairman of Five Star International Group, acknowledged that language barriers are the biggest obstacle for Vietnamese businesses investing abroad. For example, to provide clear instructions, introductions, and knowledge about farming to Cambodian farmers, it's necessary to use their own language. Besides ensuring accuracy, this demonstrates friendliness and goodwill from the producer towards consumers in their homeland.

According to Thanhnieonline-HV