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SimonLee

SimonLee

Active member

American expat in Vietnam

Forum posts

34

Contacts

40

About me

American

Lives in Ho Chi Minh City

Registration: 12 November 2015

SimonLee
SimonLee replied to a thread
9 years ago
haileenguyen

大咖福利影院 to start a new business in Vietnam by haileenguyen

Hi there! Im a Vietnamese American. I have been doing business in Vietnam for 5 years. Vietnam offers plenty of investment opportunities though, it is still a developing country which has not gone beyond its limitation and incompleteness in ...

SimonLee

Hiring a law firm to negotiate rent is excessive, even for a multinational. Is this another plug for one of your "recommendations"? Read More

SimonLee
SimonLee replied to a thread
9 years ago

Korean community in Vietnam

You should contact KoCham (Korea Chamber of Commerce and Industry in HCMC), 47 Nguy峄卬 C瓢 Trinh, 1, H峄 Ch铆 Minh, 08 3920 5853 Read More

SimonLee
SimonLee replied to a thread
9 years ago

XBOX360 Accessories

My gaming friend had the same problem and went to Halo, 92 Pasteur St, District 1 for an adapter. Good luck! Read More

SimonLee
SimonLee replied to a thread
9 years ago
Guestposter822

foreign ownership of property - any visa benefits ? by Guestposter822

hi, just wondering if a foreigner buys a property does it give him any benefits when it comes to visas ? I know in Australia the Chinese gain permanent residency and eventually citizenship via purchasing Australian assets to a certain value. Does ...

SimonLee

Panda7: You can set up a company, which in turn buys the property. This gives the investor a couple of benefits: 1. investor's visa (as owner of company); and 2. benefits of an enterprise as a project vehicle to purchase the property. Read More

SimonLee
SimonLee replied to a thread
9 years ago

Non Bank Loans less than 100million VND

Don't get sucked in by such promises of high interest for loans. This kind of "informal credit" is common in the provinces, but usually on much smaller amounts (i.e. 200,000- under 5,000,000). 10% is rather high. Read More

SimonLee
SimonLee replied to a thread
9 years ago
youngor

Vietnam , too severe policy for foreigners over bank account by youngor

Vietnam has too severe policy for foreigners to open account in bank in Vietnam,foreigners can only hold cash in hand,not allowed to make deposits in bank account.This policy will frighten foreigners to remit money from abroad to Vietnam, which is ...

SimonLee

It's not as difficult as people claim it to be. Sure, it may take a while to set up in person. But, if you have the appropriate paperwork, it's a breeze. Read More

SimonLee
SimonLee replied to a thread
10 years ago
L&JHaNoi

Moving to Vietnam, HaNoi, to open a Daycare... Help!! by L&JHaNoi

Hello all!! My name is Laura and I am 29 years old. My boyfriend and I are moving to be closer to his family in Vietnam next year. My plan is to open up an all day child daycare. I plan to teach some English and do my best to stand out from the ...

SimonLee

You should first get professional advice and check to see if you're even allowed to open a daycare centre as a foreigner. There will be a number of conditions to get the license, as well as a minimum financial requirement. Read More

SimonLee
SimonLee replied to a thread
10 years ago
sofimofi

Any legal advisors here? by sofimofi

Hello, I wanted to know if anybody is or knew any legal advisors I can speak with? It's about starting business as a foreigner in Vietnam and I wanted to know the entitlements and the prohibitions that I have as a foreigner... Thanks, Sofia

SimonLee

You might want to check out Decree 96/2015/ND-CP which was recently passed. Good luck! Read More

SimonLee
SimonLee replied to a thread
10 years ago
DannyWielink

All you can eat? Ho Chi Minh by DannyWielink

Hello everyone, I was hoping someone knows a good all you can eat sushi place in Ho Chi Minh. I like to eat a lot but I hate having the price displayed on every sushi since I think it ruins the experience. If anyone knows a good place, please let ...

SimonLee

MGallery (Hotel Des Arts) has fresh sashimi and sushi as part of their buffet at Saigon Kitchen. Read More

SimonLee
SimonLee replied to a thread
10 years ago
Nhung11281

Lawyers and accountants needed by Nhung11281

Hello everyone, I am looking for lawyers and accountants with good experience of setting up a foreign-based company in Vietnam. Please contact me personal message exchange. ** I thank you for your time and look forward to responses. Nhung

SimonLee

For my business in Vietnam, I've teamed up with a reliable international lawyer who's honest and commercially savvy (does not merely recite the law). Read More

SimonLee
SimonLee replied to a thread
10 years ago
VanRoss

making a small business in HCMC by VanRoss

Anyone made a small business in VN? How'd that go? Advice? Warnings?

SimonLee

I have seen successful businesses both large and small in HCMC set up by expats. Common reasons for their success are: 1. Enough capital or planned reserves to last through any lean times (i.e. well-capitalized) 2. Good local partners or trusted ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
David Boyd

Expat Business man by David Boyd

I wish to run my business from VN, I will earn no money in VN, it will all be Australia based but would pay a few staff members. Would this make it easier for me to obtain a 12 month visa?

SimonLee

David: Setting up a representative office is the way to go for you. Read More

SimonLee
SimonLee replied to a thread
10 years ago

Seeking Pencil Sketch Artist

Hi obrien, Please contact me - my friend is a sketch artist who can sketch in detail or rough. Message me and I can send a couple of samples of her work. Read More

SimonLee
SimonLee replied to a thread
10 years ago
j5uh

Do foreign investor require a certificate to invest in Vietnam? by j5uh

I'm working with a potential business partner in Vietnam and they keep saying that I need to obtain some sort of certificate or permission from the states that I can invest my own money into a business in Vietnam. This is a restaurant business ...

SimonLee

JSuh: you need an investment certificate for a "project" to invest in Vietnam. Do you have an offshore company or in the US? There are many ways to structure such an investment into Vietnam both legally and practically speaking. Read More

SimonLee
SimonLee replied to a thread
10 years ago
summer78

How to Open a company in Ho Chi Minh by summer78

please every one do you know how to open a company here in VN (HCMC)? office, better way, everything... please help me to understand about it regards

SimonLee

For a foreign-invested company, it will depend on the business line - whether ot not it is conditional or committed to under Vietnam's commitments to WTO (e.g. media, telecom are conditional ...). Some are permitted but regulated and need ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
chamberlainandrew

Looking for an active go club to plat at in HCMC by chamberlainandrew

If anyone knows where there is an active go scene inside the city it would be great to hear from you so I can start finding some games. Haven't seen it at all in the last 3 and a half months and would love to start playing. Thanks, Andrew

SimonLee

Check the Google results: I don't want to visit RMIT University or International schools to play chess. Read More

SimonLee
SimonLee replied to a thread
10 years ago
chamberlainandrew

Looking for an active go club to plat at in HCMC by chamberlainandrew

If anyone knows where there is an active go scene inside the city it would be great to hear from you so I can start finding some games. Haven't seen it at all in the last 3 and a half months and would love to start playing. Thanks, Andrew

SimonLee

I'm still looking for an active chess (Western, not Chinese) club in HCMC. Anyone have any suggestions? Read More

SimonLee
SimonLee replied to a thread
10 years ago

JETSTAR AIRLINE

thanks for the rant. Surveys have found JetStar and Vietjet Air are late 47% of the time. Yeah, the fares can be cheap. Expect some delay and build it into your holiday! Which is why local businessmen use Vietnam Airlines - the extra premium is ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
biz man

Establishing a 100% foreign owned enterprise by biz man

Hi - Arrived last week from USA with the idea of establishing a 100% foreign owned enterprise in VN. Seeking to make contact with anyone has recently going through the process. To the extent that every country has its own challenges, I'm ...

SimonLee

There are no set minimums, and will depend on the business line of the new company and the "project". This entirely depends on the discretion of the authority handling the application. Read More

SimonLee
SimonLee replied to a thread
10 years ago
Highside25

American Thanksgiving dinner by Highside25

Does anyone know where I can have Thanksgiving dinner for my girlfriend and I? We live in Ho Chi Minh City, District 7. Thanks.

SimonLee

If you're avoiding all the hotels, who all seem to offer Thanksgiving dinner (Equatorial, Sofitel, Sheraton etc.), try Black Cat, 13 Phan V膬n 膼岷, B岷縩 Ngh茅, District 1, Ho Chi Minh City, Vietnam ... Happy Turkey Day! Read More

SimonLee
SimonLee replied to a thread
10 years ago

Thanksgiving dinner 2015

If you're avoiding all the hotels, who all seem to offer Thanksgiving dinner, try Black Cat, 13 Phan V膬n 膼岷, B岷縩 Ngh茅, District 1, Ho Chi Minh City, Vietnam Enjoy your Turkey Day! Read More

SimonLee
SimonLee replied to a thread
10 years ago
willwall

Rentals in US Dollars by willwall

Is it legal for landlords to demand rental payments in US Dollars as opposed to Vietnam Dong? Appreciate any advice on this matter as it is strange to ask for US Dollars in a country that has Vietnam dong as it's currency

SimonLee

All, please note that any rental contract in USD is illegal under Vietnamese law. (obviously, enforcement by authorities and compliance are a whole different kettle of fish - but this is the basepoint to work off) So all you expats out there, make ... Read More

SimonLee
SimonLee replied to a thread
10 years ago

UK Passport entry to Vietnam

Come on over! It will be easy with UK visa waiver (15 days). My friend just visited HCMC last week from Cambodia without a visa on his UK passport. Read More

SimonLee
SimonLee replied to a thread
10 years ago

certificate of origin

Check: Decree No. 19/2006/N膼-CP on details of the Law on Trade on the origin of goods which stipulates details pertaining to the certificate of origin. Read More

SimonLee
SimonLee replied to a thread
10 years ago

Help with procedure to notify government mother company address change

Yes, you will need to change the address on the VN business license. It's a two-part process: A. Application for issuance of the Business Registration Certificate; and B. Application for Amended Investment Certificate For each part you ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
brianpool

Starting small company in HCMC by brianpool

Hi I'm looking for any tips, suggestions about setting up a small company in Ho Chi Minh City. I have talked with one local law firm (Viet Luat) and they are basically rip-off merchants. Any ideas?

SimonLee

is there a reason why you would want to acquire a shareholding in the enterprise, later rather than sooner? Read More

SimonLee
SimonLee replied to a thread
10 years ago
TiphaineL

Vietjet company by TiphaineL

Hi everybody May I ask for your opinion about the flight company Vietjet ? thank you :)

SimonLee

Only use Vietjet if you are on holiday - expect delays (the figure is around 47% of domestic flights on VJA and JetStar are delayed, or cancelled). The planes themselves are decent - as good as any other low cost carrier. Check-ins are so ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
Julien

Doing business in Vietnam by Julien

Hi, are foreign investors welcome in Vietnam? Is it complicated to register a company in Vietnam? What is the procedure? What is the corporate tax rate in Vietnam? Is it easy to recruit? Any advice you would share with us? Thank ...

SimonLee

Foreign investors are very welcome into Vietnam. Feel free to contact me for a free Doing Business in Vietnam Guide. With the new Law on Enterprise 2014 and Law on Investment 2014, which both kicked in on July 1, 2015, registering a ... Read More

SimonLee
SimonLee replied to a thread
10 years ago
big15096

Pay apartment rental by US Dollar or VN Dong? by big15096

When I was searching for apartments to rent. All rental rate was given in US Dollar. Are you paying them in US Dollar? or VN Dong?

SimonLee

It is illegal to have lease payments in USD in Vietnam. VND only. If the company you work for is a foreign-invested company, then they are permitted to pay your salary in USD in Vietnam. Read More

SimonLee
SimonLee replied to a thread
10 years ago
Jaitch

A Layman's Guide to Buying Property in VietNam by Jaitch

[quote][i]Disclosure: I am not a lawyer, I can not read the Vietnamese legal language. These notes are based upon 20 years of living here and buying and selling property. If you are thinking of buying property, get a good Vietnamese lawyer. If you ...

SimonLee

Note that the 50 year lease is extendable,, although there's no real clear guidance on how long (some say another 20 years, or 50 more years).. It is understandable why a 50 year lease is less desirable than freehold ownership - it depreciates ... Read More

SimonLee
SimonLee replied to a thread
10 years ago

DIM SUM in Saigon is it GOOD and WHERE?

Try the dim sum at Yu Chu, Intercontinental Saigon or down the roadon Le Duan at Ocean Palace.. Read More

SimonLee
SimonLee joined Vietnam expat community
10 years ago