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We do. Furniture companies use it a lot already. You can be licensed to import lumber, manufacture using local labor, and export -- without having a license to
by Saigonauticon 4y ago
We do. Furniture companies use it a lot already. You can be licensed to import lumber, manufacture using local labor, and export -- without having a license to sell locally. We don't have SEZ, but do have big industrial / IT parks offering support for foreign enterprise. Some are pretty nice.
Overall, the permitted activities on your business license matter. Getting licensed is usually easier than people think, except a handful of sensitive areas.
A small slice of life: this does make furniture tradeshows sad affairs. You can see great things made in Vietnam, but you can't actually buy any of them. This has improved a lot over the last 10 years, but it's still somewhat of a thing.
- pm90 4y agoIt seems pretty silly to discourage sale of Vietnamese made furniture in Vietnam.
- yunohn 4y agoFrom my reading of the situation, it’s not discouraged, rather the companies would rather avoid finally paying tariffs and instead sell abroad. Not sure how significant the charges are?
- simonh 4y agoIt depends how you look at it. I doubt it's the companies avoiding tariffs, it's that customers in Vietnam wouldn't buy the goods because the tariffs would make them too expensive. If Vietnamese would buy the goods anyway I'm sure the companies would love to sell their goods in the country.