We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode E42: I've been a business lawyer in Vietnam for 20 years. Here's my tips for newcomers!

E42: I've been a business lawyer in Vietnam for 20 years. Here's my tips for newcomers!

2025/1/7
logo of podcast You Don't Know Vietnam

You Don't Know Vietnam

AI Deep Dive AI Chapters Transcript
People
I
Ian Paynton
J
Jerome Buzenet
N
None
Topics
Jerome Buzenet: 在我看来,首先,如果条件不成熟,任何事情都无法推动。我记得2004-2005年,投资银行家从世界各地赶来,试图了解这里的情况。他们渴望分一杯羹,真正想在这里开展业务。那是越南加入WTO并履行承诺的时候。在此之前,投资银行家们对此一无所知。当他们开始关注并对此产生兴趣时,你才能真正看到事情在进展。另一件非常法律且有点技术性的事情是,据我所知,该国的第一笔私募股权投资发生在2006年,当时TPG Ventures投资了FPT。每个人都知道FPT,这是一个大型IT和科技服务集团。多年来,越南允许外国直接投资,外国人可以设立新的工厂进行生产。但外国投资者对现有越南公司的投资在法律上并未被考虑。这实际上是越南一个非常有趣的特点,如果法律不允许,就意味着你不能做。没有任何途径可以做到。就像所有不禁止的国家一样,你可以做。所以当时,主要的私募股权公司TPG正在关注FPT。FPT即将上市。在上市前几周,TPG投资了FPT。这之所以成为可能,是因为司法部允许这笔交易发生。显然,此后不久,法律发生了变化,允许外国人投资越南公司。但这确实是第一步。这也表明,当条件成熟,当事情协调一致时,你可以在这里做成事情。但在那之前,你可能会陷入困境,永远等待下去。此外,我对如何在这里做生意印象深刻的是,我亲眼目睹了一些合资企业的失败,原因很糟糕。失败永远没有好的理由,但市场尚未准备好或商业计划不好是商业原因。我说的是越南企业和外国企业之间的合资企业,失败的原因很糟糕,主要是缺乏一致性。通常,外国企业在进入合资企业时,都试图获得最好的交易,这通常是人们在交易中的心态,但合资企业就像婚姻一样,当婚姻中存在不平衡时,也许不是一开始,但也许五年或十年后,其中一方不再获得好的交易,并且不再感兴趣,那么这些都为失败铺平了道路。我见过这种情况发生。因此,我对来这里并愿意与当地企业合作的外国投资者的建议始终是,确保在合资企业的整个生命周期中,双方都有兴趣继续致力于业务的成功。

Deep Dive

Shownotes Transcript

If your company is looking for a piece of the action in Vietnam this year, this episode is for you. In this instalment of You Don't Know Vietnam, Ian talks to Jerome Buzenet, a business lawyer with 20 years of experience in Vietnam. As Partner at DFDL Vietnam), Jerome helps businesses enter and navigate the Vietnamese market, shedding light on the complexity and fast-paced nature of Vietnam's business landscape. Today, Ian and Jerome discuss key milestones that have shaped Jerome's understanding of doing business in Vietnam, including the influx of investment bankers in the early 2000s and the first private equity investment in the country. They explore the challenges faced by international businesses in Vietnam, such as differences in respecting intellectual property and dealing with bureaucracy. The conversation also touches on the unique role of Vietnamese women in the workforce, the importance of embracing Vietnamese culture and work practices, and the significance of trust and building long-lasting relationships. 

Topics discussed:

🇻🇳 The complexity and fast-paced nature of Vietnam's business landscape🇻🇳 Key milestones shaping understanding of doing business in Vietnam🇻🇳 Challenges faced by international businesses in Vietnam🇻🇳 The role of Vietnamese women in the workforce🇻🇳 Embracing Vietnamese culture and work practices🇻🇳 Building trust and long-lasting relationships

Send us a text)

If you enjoy this conversation or think someone in your network could find value in it, please share it and hit follow to get notified when the next episode drops. This podcast is brought to you by We Create Content), the content marketing agency that builds audiences for global brands in Vietnam. You can follow our host, Ian Paynton, on LinkedIn), and follow the podcast on Instagram), TikTok) and X). A special thanks to DJ Jase at The Beats Saigon for the soundtrack, and to YOU for listening.