Quote:
Originally Posted by papillon30
Since your have the experience, why do you need a local partner? You have your Vietnamese wife as the front. And, you behind, as the puppet master. Most Vietnamese are untrustworthy. With local partnership, if biz is successful, they swallow the whole operation. If failure, it is your baby.
Vietnamese don't even trust each other. Cheating and lying are as common
as the sunrise and sunset. Contract is as good as the toilet paper.
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excellent viewpoint. This should apply to all samsters that want to start business in vietnam or in most asian country. If the law does not requires it, never go looking for local partner. The locals will really swallow u up.
look at what happen to singapore in china, suzhou industrial park. After we built that, the chinese built another park right at the entrance nearby. Contracts are shit in china and vietnam. Its all relations and greasing the hands of associates and officials. Now, its Tianjin Eco park, I have chinese friends who are laughing at us, saying why we singaporeans like to be chai tao.