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Briefing (Phase I) Fuzhou Zhejiang Chamber of Commerce "the belt and road initiative" Vietnam Business Tour

2019-07-18

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Briefing (Phase I)

Fuzhou Zhejiang Chamber of Commerce "the belt and road initiative" Vietnam Business Tour

From June 17 to 22, Fuzhou Zhejiang Chamber of Commerce organized a 2019 "the belt and road initiative" Vietnam business tour. Participants in the inspection include: Li Xinde, president of the Chamber of Commerce and chairman of Jiangxi Central Asia; Chen Dexun, Yu Pinka, Huang Lishu, Chen Shouyi, Zhang Bucun and He Xiaogen, leaders of the Vice President Unit Li Shaochan, Ouyang, Zhuang Hedong, Chen Dinghua, Li Leiguang, leaders of member enterprises of the Chamber of Commerce, and staff of the Secretariat of the Chamber of Commerce.

The purpose of this zero distance inspection is to understand the relationship and development between China and Vietnam in recent years, and to have a more intuitive understanding of Vietnam's investment environment and market, so as to make more accurate research and countermeasures for Zhejiang enterprises to deal with and develop under the current international, international and domestic economic situation. In particular, through the inspection of Vietnam's benchmark industrial zone, we walked into the Zheshang enterprises that Vietnam's Zheshang factories have developed in Vietnam for many years, and discussed with Vietnamese pioneers related to the industrial chain, and visited and studied. At the same time, understand the operation mode and preferential policies of Vietnam industrial zone, learn the experience of building factories, analyze the pain points of the current development of the industry, etc. Through docking with Vietnam China Chamber of Commerce and well-known law firms and other service institutions, we can deeply understand Vietnam's legal affairs, laws, regulations, logistics and other related information, avoid business risks, and provide good advice for more enterprises to enter Vietnam in the future, investment and development, planning and other aspects.

During the inspection, the delegation received a warm welcome and hospitality from Miao Renyi, chairman of the Vietnam China Zhejiang Industrial Enterprise Federation and relevant leaders; visited the enterprises of Zheshang in Vietnam, learned about the operation of the enterprises, and had a cordial discussion with Zhejiang businessmen who have been operating in Vietnam for many years.

At the symposium, Chairman Miao and several outstanding Zhejiang entrepreneurs who developed in Vietnam shared their personal experience of development in Vietnam, and gave very detailed and pertinent suggestions to members who are interested in investing in Vietnam. Chairman Miao introduced: Vietnam is a one-party socialist country with stable politics. At present, enterprise income tax can enjoy preferential policies of 4 exemptions, 9 reductions and 5 reductions. The tax rate of 10% for specific industries within 15 years, zero export tariff and cheap labor are very affordable for enterprise development. Vietnam is now the world's GDP growthOne of the fastest countries, attracting a flood of global capital, the government is also open and inclusive. Vietnam currently has "two exemptions and four halving" (the first two years are exempt from corporate income tax and the second four years are halved), and there are even "four exemptions and nine halving" tax incentives for high-tech industries. However, the current land price in Vietnam is also relatively expensive, and the rent level is not low, which is also a consideration for enterprises to pay attention. During the conversation, everyone also conducted detailed consultation, understanding and exchanges on Vietnam's investment environment, laws and policies, industry selection, public security management, local conditions and customs.

At the symposium, Li Xinde, chairman of the Zhejiang Chamber of Commerce in Fuzhou and chairman of Jiangxi Central Asia, represented the Zhejiang Chamber of Commerce in Fuzhou to Vietnam for their busy reception and enthusiastic arrangements. Chairman Li said: In recent years, under the background of the Sino-US trade war, affected by the international economic situation, with the advantages of low tariffs and low labor costs, Vietnam will become the next central point of this transfer. There are more and more international and domestic enterprises investing in Vietnam. During the business tour here, everyone enjoyed the beautiful scenery of Vietnam. At the same time, they also had the opportunity to get familiar with the relations and development between China and Vietnam in recent years. They had a more intuitive understanding of Vietnam's investment environment and market. It also helped enterprises to make more accurate judgments and countermeasures on how to deal with and develop under the current international and domestic economic situation, and achieved the purpose of learning. Zhejiang businessmen all over the world are close to each other and expect more exchanges and cooperation in the next step.

The Vietnam-China Chamber of Commerce Zhejiang Industry Federation specially prepared a sumptuous dinner for the Fuzhou Zhejiang Chamber of Commerce delegation.

Li Xinde, chairman of Fuzhou Zhejiang Chamber of Commerce and chairman of Jiangxi Central Asia, delivered a speech on behalf of the delegation: first, I would like to thank Miao Renyi, chairman of the Zhejiang Federation of Industry of Vietnam-China Chamber of Commerce, for his warm reception and careful arrangement, and Fang Lei, executive vice president of Fuzhou Zhejiang Chamber of Commerce, who started his business in Vietnam, and Li De, vice president of Zhejiang Chamber of Commerce, I wish the Zhejiang business enterprises in Vietnam a prosperous production and sales, prosperous financial resources, and make more contributions to responding to my country's Belt and Road strategy.

During the inspection, the delegation visited the indigenous villages of fishermen, visited the fishermen's homes and felt the customs of the fishermen. Watch the second of the two treasures of Zhanpo Island-living corals and wonderful marine life, experience seals on the boatboat (a fishing tool unique to fishermen in central Vietnam), and visit Xiangsha Beach, the largest beach on Zhanpo Islands. Visited Haiyun Ridge and Linggu Bay; feel the nostalgia of other countries, marine scenery and cultural. This study tour was a complete success and fruitful results.

 


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