Business Tips – CEO SUITE https://www.ceosuite.com First Choice for Global Workspace Fri, 16 Sep 2022 05:13:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.11 Reasons Why International Firms Should Enter China https://www.ceosuite.com/reasons-why-international-firms-should-enter-china/ https://www.ceosuite.com/reasons-why-international-firms-should-enter-china/#respond Tue, 05 Mar 2019 01:18:01 +0000 https://www.ceosuite.com/?p=25221/ As the second largest economy in the world with a population of more than one billion, China is too big and too attractive for both Western and Chinese investors to overlook. China’s economy has grown significantly in the last two decades and it is now a global leader. With a share of global Gross Domestic […]

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As the second largest economy in the world with a population of more than one billion, China is too big and too attractive for both Western and Chinese investors to overlook. China’s economy has grown significantly in the last two decades and it is now a global leader. With a share of global Gross Domestic Product (GDP) just behind the United States, the country has an important role in world trade. To sustain its fast-growing economy, it has shifted its priorities to focus on growth, transitioning from manufacturing to services and from labor-oriented jobs to technology-oriented ones. In addition, the Belt and Road Initiative (BRI), a plan to improve transportation connections between China and its neighbors, will likely contribute to advancing the global economy. Most importantly, government decisions and regulations, such as financial tightening and supply policies, have validated China’s commitment to growth and desire to remain an essential and productive participant in the world economy.

These factors make China extremely favorable for prospective investors. CEO Suite, Asia’s only one-stop service office provider run by multi-cultural industry experts, has identified some important reasons why prospective investors should consider investing in China.

Availability of capital. In early 2000, almost 20 years ago, China surpassed the United States as the world’s largest beneficiary of foreign capital. Certain conditions in the global capital markets along with a booming economy have led to large amounts of investable capital for China, which are important prerequisites for determining the flow of foreign investment in the country. This influx of capital is attractive to foreign investors and is enticing to international businesses that want to invest in emerging and profitable markets.

Political and economic stability. Political and economic stability in China means consistency and predictableness for investors, which allows for better insight into the future. Since instability could lead to inflation and problems like social unrest that are not conducive to business, both local and foreign businesses appreciate and value China’s environment for law and order. This backdrop not only encourages investments in China, but promotes more efficiency in trade activities as well as long-term growth.

Regional and international trade. Of great importance to foreign investors is the ability to sell products and services regionally and internationally. Besides China’s free-trade zones, other advantages for investors include tax exemptions and free conversion of Chinese currency to any international currency. M, export policies play a key role in deciding whether to enter China, especially for investors anticipating a large market share outside of the local market. China’s regional and international free trade agreements are alluring for stimulating economic activity and business growth.

Large local market. The most attractive feature for investing in China is the sheer size of the country’s large population and, therefore, the great possibilities for growth. As it continues to evolve and mature, investors can expand and profit in many high-end industries, including information technology, engineering, healthcare, robotics, and luxury goods. Opportunities for foreign investors in prospective and current commercial activity will provide positive effects on sustaining business.

Infrastructure and workforce. China’s infrastructure and availability of resources and labor contributes to its appeal for investors. A developing economy requires these to facilitate the sale of goods and services. Roads, bridges, and other physical structures allow for transportation of goods. An educated and competent workforce contributes to success, as well. China’s labor market continues to obtain educations from universities and to become more knowledgeable. These elements enable investors to spend less and make more. And, with employment opportunities comes more income for spending. China’s retail sector persists as foreign investors across all industries open retail locations to benefit from this spending.

There is great opportunity for Western and Chinese investors in China this year as the country continues to create a promising environment for business. Once you decide to invest in China, CEO SUITE can help you maximize your investment. Asia’s one-stop service firm customizes solutions to help businesses of all sizes easily enter China and expand throughout the country with few issues. Please contact us to discuss expanding your business in China.

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Why Your Business Address Matters https://www.ceosuite.com/business-address-matters/ https://www.ceosuite.com/business-address-matters/#respond Wed, 21 Mar 2018 03:40:35 +0000 http://www.ceosuite.com/?p=19379   It is evident today how many start up and small businesses begin and continue operating their businesses from the comfort of their homes. As convenient as it is, it is important to consider having a different address for your business apart from your own personal home. Setting apart your business from your personal life […]

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It is evident today how many start up and small businesses begin and continue operating their businesses from the comfort of their homes. As convenient as it is, it is important to consider having a different address for your business apart from your own personal home. Setting apart your business from your personal life and space can do wonders in organization of your company and personal life, privacy, and most of all, professionalism.

PRIVACY
Privacy is one of the many important issues that need to be addressed by an entrepreneur who is operating his/her business in the premises of his/her home. Business addresses are public, and should be available to not only your current clientele but also to everybody who might be considered as your “potential” customer and it is most probable that you prefer to keep your home private. Using your home address as your business address means you would have to put the same address to your business cards, website, advertisements and just about everything to help spread the word about your business. This means your home address is known to the public, just about anybody can have access to this information.

ORGANIZATION
Setting your business and personal home and space apart will aid you in keeping everything in order. It is beyond your control how many mails will end up piling on your address. Just imagine, if you have a separate address for your business, you can have your business documents stay all together and separate from all your personal ones. It will also save you time to scan through all the mails and separate and organize them one by one.

PROFESSIONALISM
Although first impression doesn’t always last, first impressions still matter. Companies who would like to work with you, whether for a collaboration, or get your company as a vendor, giving them your home address would not give a good image. It will, in fact, give them the notion that you are a small time business and may not have the capacity to provide them the services or products they need, especially if the demand increases. By having a professional business address, you will have the advantage of making your business look more official and trustworthy. It will send out an image that says you are established and that whatever mails they send you will be handled professionally and answered quickly.

Having a professional business address (and a prestigious one at that), is one of the many steps you must consider to take if you are setting up your business for the big jump. The small effort to finding yourself a virtual office that offers prestigious business address could help you greatly in the long run.

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How to Start a Successful Business https://www.ceosuite.com/start-successful-business/ https://www.ceosuite.com/start-successful-business/#respond Fri, 27 Jan 2017 03:09:15 +0000 http://www.ceosuite.com/?p=18572   Starting your own business requires wisdom. That is why, business consultancy and advising is common to new business owners, or those who are planning to start their own companies. Turning to the Internet for research could be a good thing, but horde of articles and lengthy lists on the subject might also overwhelm you. […]

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Starting your own business requires wisdom. That is why, business consultancy and advising is common to new business owners, or those who are planning to start their own companies. Turning to the Internet for research could be a good thing, but horde of articles and lengthy lists on the subject might also overwhelm you. The proper approach to this situation is to not let overthinking and overanalyzing get the best of you. In fact, only a few simple steps can help you start your own business towards the road of success. Here is an outline of basic tips you can follow and apply to help you get your business running in no time:

1. Prepare a detailed plan and start with it.

A business plan is a must. It should contain an in-depth plan with complete and specific details on how you will attack the possible challenges and difficulties your business will come across with ahead. Your business opportunities should be defined, your business mission should be stated as it will be a your guide for the rest of your business life, know your target and describe them in details, establish measurable goals, and most importantly, set deadlines and follow them. You should also keep in mind that while it is vital to have a plan, you should also be equally flexible enough to adjust when a business slump is met along the way.

2. Put yourself out in the open and grow your network.

Start your momentum by making yourself available, reachable and known through attending a wealth of events, trade shows, networking groups, business social get-togethers. Through attending events like these, you can gain initial connections who can lead your to future business partners, investors, client prospects, and mentors with bigger network reach and years of knowledge about business to help you succeed in your business too.

3. Get an office.

While it may seem a costly decision for start-ups, it is important to have your business addressed at an impressive business location. Today, traditional offices are no longer the only choice for new business owners. Serviced offices and virtual office have now paved the way to better, easier, and more cost-efficient business operations for entrepreneurs. Like CEO SUITE who offers fully furnished serviced offices with complete amenities necessary for basic business operations at customizable options and flexible lease terms, there are also many others whom business owners can check out.

First impression lasts, so it is best to have your business look as an established one through getting a virtual office, or a serviced office. Everything else will follow and your business success is almost guaranteed.

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5 ways to up your business game this 2017 https://www.ceosuite.com/5-ways-business-game-2017/ https://www.ceosuite.com/5-ways-business-game-2017/#respond Mon, 16 Jan 2017 03:14:27 +0000 http://www.ceosuite.com/?p=18234   1. Get in the social media game. It doesn’t matter if your business is very corporate, or very lenient. Social media has now become a huge part of people’s daily routine- checking and opening their Facebook, Instagram, Twitter, Snapchat accounts every now and then without even thinking. With reportedly over 1.71 billion monthly active […]

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1. Get in the social media game.

It doesn’t matter if your business is very corporate, or very lenient. Social media has now become a huge part of people’s daily routine- checking and opening their Facebook, Instagram, Twitter, Snapchat accounts every now and then without even thinking. With reportedly over 1.71 billion monthly active users on Facebook alone, it is evident and a no-brainer that every business should invest and consider using these platforms to reach their audience.

2. Blog!

If you have already been thinking about hitching on the blogging rides, now is the perfect time. Writing a blog provides many benefits such as boosting your SEO (Search Engine Optimization) for your website, or explaining who you really are, what you really have to offer. Needless to say, it helps a lot on your branding as well.

3. Go out in the open

The problem with so many businesses today is how they have fully embraced the digital world. It still pays to go out and live a little! Many businesses get so turned up in the success of their online presence that they forget to also invest and allot time in being physically available for many other markets, or potential customers/clients. There are still many business relationships that are formed through face-to-face meetings. Meeting people personally is still essential to get people to understand more and be interested more on your business.

4. Host events!

Take opportunities right in your doorstep! Make it happen by hosting a networking event, or a grand socialization party while spreading the word about your business. Giving them firsthand experience or information is still one of the best ways to win projects!

5. Be in the know and stay up to date!

Social trends tend to change all the time. It wasn’t so long ago when Facebook was the only one everybody was talking about. Now, there’s dedicated platforms for each type of people, there’s LinkedIn for straight professionals. Now Snapchat’s the next big thing. We’ll never know when the tables will turn again, but it is best to be able to be in the know all the time. It will help you figure out which channels your clients are mostly using and with that, you will know where to bring and invest your efforts!

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20 Years of Providing Premium & Luxurious Serviced Offices in Asia https://www.ceosuite.com/20-years-providing-premium-luxurious-serviced-offices-asia/ https://www.ceosuite.com/20-years-providing-premium-luxurious-serviced-offices-asia/#respond Wed, 11 Jan 2017 03:10:55 +0000 http://www.ceosuite.com/?p=18139   It has been 2 decades when financial crisis stunned Asia’s business foundations- the time when CEO SUITE had started with only one business centre in 1997, and has since then grown and considered to be the industry leader and the first choice for global workplace with Premium Business Centres across Asia, catering to various […]

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It has been 2 decades when financial crisis stunned Asia’s business foundations- the time when CEO SUITE had started with only one business centre in 1997, and has since then grown and considered to be the industry leader and the first choice for global workplace with Premium Business Centres across Asia, catering to various industries.

Ever since being established in 1997, CEO SUITE has devoted its life and existence to incomparable hospitality- wherein hands-on management mainly focuses on clients’ needs and details. The company believes that to remain the best in the industry and to incessantly grow even more, clients’ satisfaction is of top most priority.

Now with over 20 years of service, CEO SUITE continues to ensure clients’ satisfaction through providing value in service experience, offering the best business locations, investing and providing luxurious and state of the art facilities and technologies, and delivering highest quality of care and reliability towards CEO SUITE team across all Premium Business Centres in Asia. Hundreds of Blue Chip Multinational companies have witnessed and experienced the CEO SUITE difference.

Living up to its vision to be come the first choice for global workplace solution, and its mission to be an enabler of excellence for clients, their team and the community, CEO SUITE holds dear the company values in each tasks for every client: Sense of Urgency, Care, Openness, Ownership, Trust and Teamwork.

Now with larger network base and reach, CEO SUITE provides different services for all client needs- whether it is serviced offices, instant offices, virtual offices, meeting/boardrooms, and professional services for their businesses, CEO SUITE has it. The variety and flexibility of CEO SUITE offerings range from an office space good for one person, or a larger office fit for a requirement of 50 employees to work in at. CEO SUITE Premium Serviced Offices offers layouts for private managerial suites, to open space plan layouts and customized arrangements for a more cost-efficient approach fit for rising and new businesses.

Enabling not only large scale businesses to grow, but also providing better opportunities for small scale and new companies to excel, CEO SUITE furnished offices are offered in customizable options- can be rented daily, weekly, monthly or on a yearly basis- whatever is the most suitable for any business.

For businessmen with sophisticated tastes and only aim for perfection, CEO SUITE is the perfect solution. Experience the CEO SUITE service excellence, enquire now at www.ceosuite.com.

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How CEO SUITE Binds Multicultural Experiences https://www.ceosuite.com/ceo-suite-binds/ https://www.ceosuite.com/ceo-suite-binds/#respond Fri, 06 Jan 2017 06:45:21 +0000 http://www.ceosuite.com/?p=17998   CEO SUITE has been an industry leader for 20 years now, with its premium business centres instituted in no less than the best and most luxurious business districts in Asian countries such as Indonesia, Philippines, Korea, Vietnam, Thailand, China and Singapore and Malaysia. Beyond its invaluable prestige locations, CEO SUITE offers a cut above […]

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CEO SUITE has been an industry leader for 20 years now, with its premium business centres instituted in no less than the best and most luxurious business districts in Asian countries such as Indonesia, Philippines, Korea, Vietnam, Thailand, China and Singapore and Malaysia. Beyond its invaluable prestige locations, CEO SUITE offers a cut above the rest- that is, its unrivalled consistency in delivery, credibility and dependability among its differences in culture and traditions.

CEO SUITE has not only become an industry leader, but is also the trusted choice for many blue chip multinational companies for its evident and standard sense of professionalism practiced in each of its premium business centres. Over hundreds of blue chip multinational companies have found satisfaction and awe in the CEO SUITE service, and continues to believe in what CEO SUITE brings to the table for them. With a team consisting of serviced office professionals who have a combined experience in the industry of over 200 years, CEO SUITE has shown and continues to do so how even cultural distinctions can be overcome. CEO SUITE predominantly consists of women leaders with different Asian nationalities but with one set of values, strongly and unswervingly applied in everyday transactions across 19 premium business centres for over hundreds of clients in different business industries.

More than the belief on CEO SUITE values, the most valuable strength and advantage of CEO SUITE team is its actual application of its company values. The sincerity to deliver nothing but the uppermost quality of services to each client goes beyond the business culture dissimilarities, and that is how CEO SUITE binds multicultural experiences.

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How to Grow Your Customer Base https://www.ceosuite.com/grow-customer-base/ https://www.ceosuite.com/grow-customer-base/#respond Fri, 23 Dec 2016 06:37:12 +0000 http://www.ceosuite.com/?p=17797   If you are a small business, and you are having a hard time getting more customers, do not fret. It is totally normal. You are not alone. It is, in fact, a very common challenge for new businesses. All businesses are always looking for ways to expand their customer base so they can sell […]

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If you are a small business, and you are having a hard time getting more customers, do not fret. It is totally normal. You are not alone. It is, in fact, a very common challenge for new businesses. All businesses are always looking for ways to expand their customer base so they can sell more. It is important to grow it because having a robust customer base is more dependable when it comes to sales than trying to acquire sales from first time or new customers. Question remains, “how do you get more customers?” Here at CEO SUITE, our global perspective, with our Premium Business Centres in 9 countries, enables us to realize what usually works for many companies. Here are a few tips that any business owner can use regardless of their company size, or budget:

1. Proposition an irresistible offer.

There are many ways to create an irresistible offer. One way is to give free trial of your services for a duration you think is fit for your timeline, and budget too. Another way is to provide many freebies inclusions on the package you are selling; you can also provide return/refund policies. Investing more on your current customers is the way to go. It costs less to generate sales from existing customers than to create new customers. If the case is opposite, then you should come up with an offers that’s irresistible to your potential customers. If you’re confident about the quality of your product or service, you can feel confident knowing that many of these potential customers will convert into actual customers. That pretty much sums up the whole idea for you.

2. Get closer to your clients.

Forming partnerships even beyond business with other related business owners is one of the best ways to grow your customer base. Proximity also plays a great role here, the closer you can get to your customers, the easier and more convenient it is to get to know them better as a company, a business, a client and as a friend. In this way, you will learn how you can help them better and meet their needs and expectations. This is also one way to know how you can improve and develop your products or services more.

3. Provide newsletters.

A newsletter may just be a very small thing, but newsletters are like your informants to clients. You can provide them for free. Through newsletters, you are letting both your current customers and potential customers that you are willing to provide them free and relevant information about your business, your products and/or services.

4. Take advantage of social media and online promotions.

Social media have now also evolved into something greater. You can consider them as an excellent tool to get insights of your audience, and an excellent hand to reach out to new and potential customers. What’s good about this is, you can promote everyday for free or without cost as long as you allot enough time to take care of it. It is also a good way to interact with your audience in real time without having to ask them to visit your official website since a big percentage of population today stays the whole day lurking on their social media accounts.

5. Think BIG!

Many small businesses find it intimidating to make contact or work with big companies. If you are always asking if you can do it despite having such a small company, the answer is simply, YES! We now live in a world where businesses have started thinking differently. Gone are the days when big corporations think suspiciously of small-scale businesses to be their providers. Now, big companies have started recognizing and considering small companies because they usually offer value at much lower costs.

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How Would You Like To Work From A Luxury Serviced Office? https://www.ceosuite.com/like-work-luxury-serviced-office/ https://www.ceosuite.com/like-work-luxury-serviced-office/#respond Thu, 22 Dec 2016 05:55:31 +0000 http://www.ceosuite.com/?p=17786   It is evident how businesses these days, especially those who are now making money from the Internet, seem to be paying more and have better devotion and care to their staff and work environment so they can really get and make the most out of them. This is one of the main reasons why […]

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It is evident how businesses these days, especially those who are now making money from the Internet, seem to be paying more and have better devotion and care to their staff and work environment so they can really get and make the most out of them. This is one of the main reasons why luxury offices have been the top choice of many companies regardless of their business size. Before serviced offices thrived in this fast paced and cutting edge business world, luxury offices used to be seen only as one fit for huge companies- those that have enough capital to maintain the luxurious office space and facilities. Today, the game has changed. Luxury offices are now at arm’s reach by small-scale business, new businesses, and large-scale businesses. Thanks to the rise of the serviced office industry, the comfort, convenience and luxury is now easily available for all businesses and industries of many different sorts.

There are many serviced office providers in the world today. These serviced providers each have their own positioning and offerings- some offer contemporary, simple services and office space, but there are also some that offer all luxury you can think of- from luxury office spaces, to high-tech equipment, down to the tiniest things such as reliable professional business support, to even booking your cabs and hotels. Mostly, these service providers offer outstanding selections, unparalleled service and exceptional value for your money. Some even let you pick your own furniture from the choices they can provide you. They offer serviced office spaces, shared offices, virtual offices, meeting rooms, conference/boardrooms, VIP lounges at customizable options so you can plan and fit it in your budget. This is why many big companies now, which started as just another small business, have thrived very well.

Flourishing economic countries today such as Manila, Philippines, and Kuala Lumpur Malaysia have also started welcoming luxury service office providers to enable their homegrown small and new businesses to start building their empires. The most effective and efficient service providers are those that are located in the central business districts of the mentioned countries. Now, both hustlers and newbies in business can rent an office space in KL Sentral, and a premium office space in Makati. Companies can now conveniently enjoy being situated in the center of commerce, and also enjoy the perks of being in known as one of the lucky few who gets to work and operate in prestigious business addresses. The advantage of having fully-serviced offices offered at cost-effective and well-conceptualized work place is on full swing these days- reasonable rental fees, minimum contract lease, customized work space, efficient IT support, multi-functional Phone/voicemails systems, telephone answering, well equipped meeting rooms and conference rooms, high-speed internet, reception services, business service areas, premium and complete breakout room and lounges, unlimited coffee and tea. With all these being offered at customizable options, your money’s worth is spent well. Boosting your businesses’ image, branding, sales and productivity has never been this smart and easy.

CEO SUITE offers one-stop premium serviced office solutions in the key cities of Asia. To know more, visit: www.ceosuite.com.

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Creative Co-Working Spaces in Jakarta https://www.ceosuite.com/creative-co-working-spaces-jakarta/ https://www.ceosuite.com/creative-co-working-spaces-jakarta/#respond Mon, 21 Nov 2016 03:14:12 +0000 http://www.ceosuite.com/?p=16862   In this day and age, the digital industry in Jakarta is now dominated by young entrepreneurs who have slowly turned their small business into multi-million dollar businesses. They have all formed a bandwagon with a community of young successful businessmen who share the same interests in technology and have an aspiration for being industry […]

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In this day and age, the digital industry in Jakarta is now dominated by young entrepreneurs who have slowly turned their small business into multi-million dollar businesses. They have all formed a bandwagon with a community of young successful businessmen who share the same interests in technology and have an aspiration for being industry leaders.

This advent has resulted to the rise of “co-working offices” that are spacious, open-plan and modern-designed working areas that foster creativity and personal interaction amongst colleagues or even non-colleagues. These unique office spaces are occupied by employees in their early 20s or 30s who already boast of high positions in their organizations. The “open layout” is conducive for free-thinking and exchange of ideas derived from the social networking that the place promotes.

“Co-working offices” bring together like-minded entrepreneurs from various lines of expertise who collaborate on business projects, share jobs and assist on each others’ client needs. The new generation of businessmen possess a unique interest in working techniques that are not limited to the conventions of traditional corporate life. They have a different lifestyle which is most of the time, the “work hard, play hard” attitude who love to celebrate small victories and enjoy travelling a lot whether for work or leisure.

This modern type of office space has proliferated in Jakarta now because of the increasing number of these ambitious young I.T.-savvy entrepreneurs who require more flexibility on office space costs and rental periods. They are more transient but require co-working office locations in the CBD areas that are accessible to main public transportation and commercial hubs including retail establishments.

Majority of “co-working” spaces are “hole-in-the-wall” types that have very crude interiors and basic furnishing – they do not exactly depict a reputable company name or business address and serves more like a coffee shop with bigger desks and with printing facilities.

However, there are a few of those who provide the same workspace concept but carry a more reputable name, have a prime CBD address and a more decent work environment, that can help your business a lot in terms of publicity and establishing a more professional corporate image. One of them is CEO SUITE that has business centres with “co-working” spaces in prime CBD areas in Jakarta that include: AXA Tower, One Pacific Place, Sahid Sudirman, Indonesia Stock Exchange Tower and Wisma GKBI. CEO SUITE also has modern meeting rooms for small and big groups with video-conferencing facilities for hourly or daily rent, a fully-equipped pantry with free-flowing coffee and tea, printing and scanning facilities, a VIP business lounge and private office suites.

If you think you are not ready yet to have a private office that may require higher fees and longer commitment on rental period, “co-working” office solutions might work better for you. Learn more about “co-working” offices by visiting: www.ceosuite.com/co-working/.

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Why Foreign Investments Are Flocking-In to Vietnam https://www.ceosuite.com/foreign-investments-flocking-vietnam/ https://www.ceosuite.com/foreign-investments-flocking-vietnam/#respond Thu, 03 Nov 2016 08:56:24 +0000 http://www.ceosuite.com/?p=16517   For the past two years, Vietnam has proven its potential as one of the most lucrative countries in Southeast Asia to do business in with its steady GDP growth and growth in direct foreign investments amounting to almost US$2.5 billion in the first 9 months of 2016. Despite the decline on the agricultural front, […]

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For the past two years, Vietnam has proven its potential as one of the most lucrative countries in Southeast Asia to do business in with its steady GDP growth and growth in direct foreign investments amounting to almost US$2.5 billion in the first 9 months of 2016.

Despite the decline on the agricultural front, Vietnam has emerged on top in the manufacturing sector with foreign business flocking in Hanoi’s industrial zones for its factories, and I.T. corporations setting-up their presence everywhere in the country for the past two to three years.

According to the report of the British Business Group Vietnam (BBGV) on September 26, 2016, “Although GDP growth for the year is a little under budget for 2016, Vietnam is still the leading one of the top countries in SE Asia for GDP growth, and ahead of Thailand, Indonesia, Philippines, Malaysia and Singapore (commonly referred to as the ASEAN 6). Whilst lower oil process and depressed agricultural output because of changes in climatic conditions have depressed growth, manufacturing output has grown robustly and confidence is strong buoyed by increased foreign direct investment.”

BBGV has also indicated other success factors that include the significant increase in foreign direct investments in 2016 as compared to 2015 at US$ 15 billion as of September; a 10% increase in exports on 2015; and a trade surplus of US$ 2.5 billion compared to a deficit of US$ 3.7 billion in the first 8 months of this year. It is also projected that export growth will continue in 2017 because of expected inbound investments resulting from the AEC and EU Vietnam FTA that will be implemented in January 2018, as well as the pending approval of the TPP agreement after the local elections.

Even foreign exchange reserves are high with US$ 40 billion that ensures the safety level of imports plus the trade surplus helped strengthen and stabilize the VND/US$ exchange rates. Furthermore, Vietnam has been named as one of the World’s Top 20 Manufacturing Locations in Deloitte’s 2016 Global Manufacturing Competitive Index.

Global businesses have shifted to Vietnam mainly because of the following:

• Low Manufacturing Costs
• New Foreign Trade Agreements Signed
• 100% Foreign Ownership of Businesses Now Allowed

VN Express International reports on August 22 that it is the low cost of manufacturing in Vietnam that lures foreign companies to move to Vietnam. Even in the report from the United Nations Conference on Trade and Development, it clearly shows that global investors are still looking on “emerging Asian countries” for business with a US $541 billion in foreign investments generated for Asia in 2015.

As compared to previous years, global companies have shifted from China to Vietnam due to high labor costs and geopolitical concerns in the former business hub.

Barriers to entry in the Vietnam business community have been alleviated by global corporations through mergers and acquisitions evident from the increase in foreign shareholders in more than 1,700 local companies from 2015 to 2016. These has also been made feasible via the new Foreign Trade Agreements that the Vietnam government has signed with other nations together with the lifting of the 49% limit to foreign business ownership in the country and allowing them a 100% stake even for listed companies in various sectors: consumer, property, transport, construction, manufacturing, financial services and agriculture.

Vietnam has very well prepared for the influx of foreign business investors with its modern public roads and office infrastructure including instant office solutions like premium serviced offices offered by professional companies like CEO SUITE which has complete and ready for use private offices, meeting rooms, business lounges with five-star quality staff support system at the iconic Lotte Center in Hanoi, the country’s capital.

To enquire on CEO SUITE Lotte Center Hanoi serviced office and business solutions, please send us an email at: [email protected] or call +84 4 3267 3999.

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