Book your tour

Book now with

  • Guaranteed and fixed prices
  • No hidden charges
  • Safe and secure payment systems
  • Secure SSL encryption
  • Customer friendly attitude
  • Customer oriented service
  • Customer online support

Business and Staying in Touch

 

Most of the senior staff in larger international companies will speak English, but it is not common in smaller companies. It is essential to make appointments for business meetings and to exchange business cards.


Vietnamese people are likely to present their visitors with a gift, such as laquerware, and visitors should bring a small gift from their country to respond. It is important to realize that the Vietnamese culture goes against saying no to any requests, so agreements and contracts should be checked and rechecked.


Vietnamese business people are becoming more formal in their dress due to the increased exposure to international business. However, because of the sometimes extreme heat, it is quite acceptable, and indeed common, to dispense with the wearing of a jacket.


Hours:
Offices tend to open between 0730 and 0800 and close around 1700 or 1800, with a long lunch break between 1130 and 1400 hours. Some offices are also open on Saturdays.


The Economy:
Vietnam's economy was devastated by 30 years of war in 1975, then policy failings and a boycott of U.S. commercial construction combined to make things worse. Since the economic liberalization policies of the government (fewer government control of business), and the boycott ending in 1994, the Vietnamese economy has achieved significant annual growth until the global economic downturn in 2008.


Despite the economic crisis and the global financial crash, Vietnam's GDP grew by 6.8% in 2010, the highest in three years. It has also been generally positive for most market sectors with growth in exports of rice and garments. There was also a positive growth in consumer confidence and a reduced trade deficit. However, inflation increased to 9.19% in 2010 and foreign investment did reduce. There was also a slight decrease in the unemployment figures in 2010.


GDP:
102 billion USD (2010)


Main exports:
Crude oil, clothing and footwear, rice, rubber, tea and coffee


Main imports:
Machinery, refined petroleum, steel, cotton and grain


Main trading partners:
U.S., Japan, Australia, China and the European Union


Staying in touch in Vietnam


Phones:
It is expensive to call home from hotels, but international calls from the post office are often much better value.


Mobile Phones:
Roaming agreements exist with some mobile phone companies internationally and insurance is available throughout most of the country. It may be an idea to buy prepaid Sim cards at competitive prices for domestic use.


Internet:
Internet cafes are widely available throughout country, and they are good value. High-speed connections are generally limited to large towns and cities.


Location:
The Vietnam postal service is not the most efficient so allow approximately 7-14 days for articles to the United Kingdom and the United States. To send your post go to the post offices in all major towns and cities. Air postal routes to Europe may take up to three weeks.


Post office hours:
Hours and working days vary from town to town, but most are open from early morning to late afternoon.


Media:
The media is controlled by the Communist Party. If reports stray outside the guidelines of the government reporting restrictions, journalists are often fined or worse. Internet access is also tightly controlled. All web content is government approved, and sites considered unacceptable are blocked.


There is an English-language daily paper runs by Vietnam News State. Vietnam Television is also run by the state, and the VTV is broadcasted from Hanoi. Some versions of the weekly British press are available.


Press:
Daily and weekly newspapers in Vietnam include 'Labour', Nhan Dan (People) and the Peoples Army Newspaper. The Vietnam Economic Times, Vietnam Investment Review, Saigon Times, and the Vietnam News are all published in English. "Le Courrier du Vietnam" is published in French.


Television:
Vietnam Television is run by the national television service. Local television stations also exist, and some cable channels are broadcasted from overseas.


Radio:
The Voice of Vietnam (VOV) is the active state radio. Radio Voice of Vietnam 5 broadcasts programs in English, French and Russian.

Video & Photo Gallery
Testimonials

21 Day Vietnam/Cambodia tour

Hi,

Hello Pham Cong Thien

We are pleased that the two payments are now appearing as pending on our credit cards ...

Anet Riemer

more testimonials