Vietnam has a way of attracting hundreds of billions of dollars more each year
19 - 11 - 2020
Mr. Johnathan Hanh Nguyen - Chairman of Imex Pan Pacific Group (IPPG) - said that developing financial centers and non-tariff zones can help attract hundreds of billions of dollars to Vietnam each year.
link xem bóng đá trực tuyến financial center is link xem bóng đá trực tuyến blood source supplying for link xem bóng đá trực tuyến non-tariff zone.
Originally a financial inspector of Boeing, Mr. Johnathan Hanh Nguyen was link xem bóng đá trực tuyến one who supported link xem bóng đá trực tuyến opening of an official flight route between Vietnam and link xem bóng đá trực tuyến Philippines in 1985.
As one of link xem bóng đá trực tuyến first overseas Vietnamese to return home to invest, his Imex Pan Pacific Group (IPPG) has invested and cooperated in 30 projects with a total capital of more than 280 million USD. These projects bring in about 460 million USD in annual revenue and create jobs for more than 25,000 workers in Vietnam.
With his experience and capabilities, he and five other partners were assigned to implement link xem bóng đá trực tuyến project of link xem bóng đá trực tuyến international passenger terminal under Cam Ranh International Airport.
He has cooperated with partners such as DFS, SASCO, AUTOGRILL to invest in opening a series of duty-free shops, souvenir shops, fast food and many non-aviation services across Vietnam's airports and link xem bóng đá trực tuyến Philippines.
IPPG has also invested 40 million USD in link xem bóng đá trực tuyến Rex Arcade high-end shopping center located in link xem bóng đá trực tuyến Rex Hotel, one of link xem bóng đá trực tuyến French-style architectures and a symbol of Saigon built in 1927. In addition, link xem bóng đá trực tuyến company also invested 400 billion VND to renovate link xem bóng đá trực tuyến Trang Tien Plaza shopping center in Hanoi.
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Mr. Johnathan Hanh Nguyen - Chairman of IPPG
On June 10, 2020, IPPG won link xem bóng đá trực tuyến bid for link xem bóng đá trực tuyến project in link xem bóng đá trực tuyến Phu Quoc non-tariff zone. With a total land area of 101 ha, link xem bóng đá trực tuyến total expected cost is 6,830 billion VND, link xem bóng đá trực tuyến completion time is 5 years, one of link xem bóng đá trực tuyến requirements given in link xem bóng đá trực tuyến pre-qualification dossier is that link xem bóng đá trực tuyến investors must have experience in complex construction projects, in which there must have a non-tariff zone or duty-free shop business area (link xem bóng đá trực tuyến investor must be allowed to be link xem bóng đá trực tuyến official distributor of link xem bóng đá trực tuyến world's major brand names in Vietnam).
Mr. Hanh Nguyen said that link xem bóng đá trực tuyến northern area of Van Phong Economic Zone was studied by link xem bóng đá trực tuyến group two years ago. Estimated amount of investment capital in this area is about 40 billion USD, IPPG can call for big foreign investors to invest in strong fields.
Share about link xem bóng đá trực tuyến potential of link xem bóng đá trực tuyến non-tariff zone and financial centers, a new thrust for Vietnam right after link xem bóng đá trực tuyến pandemic, during link xem bóng đá trực tuyến meeting with HUBA's businessmen on link xem bóng đá trực tuyến 4th anniversary of HUBA Entrepreneur Café, Mr. Hanh Nguyen said that choosing 2020 to come up with a project prepared for 5 years, link xem bóng đá trực tuyến group has been supported by link xem bóng đá trực tuyến Prime Minister for link xem bóng đá trực tuyến project to establish a non-tariff zone.
Investing 30 million USD focused on link xem bóng đá trực tuyến high-end brand business 30 years ago, he is now a distributor of more than 108 international brands, which is a prerequisite for winning link xem bóng đá trực tuyến bid and developing link xem bóng đá trực tuyến non-tariff zone.
Outdated products are only from six months to one year but link xem bóng đá trực tuyến prices are many times lower, which is a strong attraction for Vietnamese consumers. Normally, when domestic goods are exported to a non-tariff zone, link xem bóng đá trực tuyến VAT rate of 0% is applied to them. This creates favorable conditions for strong development of tourism, accommodation, resort and shopping, stimulating link xem bóng đá trực tuyến growth of tourism in Phu Quoc in particular and link xem bóng đá trực tuyến provinces after link xem bóng đá trực tuyến pandemic.
link xem bóng đá trực tuyến domestic non-tariff zone is a place where tourists can find and buy branded goods at prices that are up to one-third cheaper than link xem bóng đá trực tuyến original prices. This is also link xem bóng đá trực tuyến business model that Phu Quoc is in need for tourists to combine rest, play, eat and spend on high-value goods.
On August 28, 2020, a decree on link xem bóng đá trực tuyến non-tariff zone was signed and piloted link xem bóng đá trực tuyến first in Phu Quoc.
“We have to build non-tariff zones in many places like Phu Quoc, Bac Van Phong, etc. China has 6 special zones and in link xem bóng đá trực tuyến near future, they will have 10 special zones. Why do they love doing non-tariff zones, because of duty-free goods? Because billions of visitors to China will spend hundreds of billions of dollars on purchases.
Unfortunately, link xem bóng đá trực tuyến decree strengthened key financial centers in Ho Chi Minh City and Danang have been interrupted. I suggest link xem bóng đá trực tuyến Government should establish a financial center in link xem bóng đá trực tuyến non-tariff zone as soon as possible, that point is very important. link xem bóng đá trực tuyến NTZ would not be successful without having a financial center.
We will be link xem bóng đá trực tuyến leader, continuing link xem bóng đá trực tuyến mission of connecting with domestic and foreign businesses. I cannot deal with individual businesses directly, but I will work with HUBA to plan ahead when to press link xem bóng đá trực tuyến button to approve 1/500 planning. Cooperation, accompanying, and development of link xem bóng đá trực tuyến financial center together, because this is link xem bóng đá trực tuyến blood source supplying for link xem bóng đá trực tuyến non-tariff zone.
link xem bóng đá trực tuyến world is 20 years ahead of us, we keep saying smart city, city 4.0, but link xem bóng đá trực tuyến important thing is Expocity city like Long Thanh airport, it is easy to do. It does not mean getting link xem bóng đá trực tuyến shirt cut again, but that is all about recondition, to have a whole new city.
To establish a financial center, I could not do it by myself. There were billionaires to do that with me for Danang. We have a 500 million USD project targeting 200 million customers for Danang", said Mr. Hanh Nguyen.
Strategy to Overcome link xem bóng đá trực tuyến Pandemic
Referring to link xem bóng đá trực tuyến business situation of IPPG during link xem bóng đá trực tuyến pandemic, contrary to link xem bóng đá trực tuyến concerns of many people about link xem bóng đá trực tuyến decline in purchasing power, Mr. Hanh Nguyen said, brand purchasing power has not decreased. Previously, link xem bóng đá trực tuyến Vietnamese rich people had to fly abroad to buy branded goods, now they can buy them in their home country.
Facing link xem bóng đá trực tuyến difficult situation of flying to foreign countries, he instructed his staff to send new branded products photos, announced that they were in Vietnam and could deliver them immediately if needed. IPPG sells their products online and serves link xem bóng đá trực tuyến customers at anytime and anywhere. Without having to open a new store, increasing staff numbers, link xem bóng đá trực tuyến company has cut costs by 20% and revenue increased 15%.
"This is unprecedented, helping to increase link xem bóng đá trực tuyến profits of IPPG during this pandemic", said Mr. Hanh Nguyen.
Not as favorable as selling on e-commerce sites, Tan Son Nhat Airport Services Joint Stock Company (SASCO) and Cam Ranh International Airport Terminal were negatively affected by Covid-19.
link xem bóng đá trực tuyến project at Cam Ranh airport suffered link xem bóng đá trực tuyến most damage with 25,000 workers. However, by transferring all 335 billion VND of profit last year as a backup fund, link xem bóng đá trực tuyến airport terminal will still be safe in link xem bóng đá trực tuyến next 5 years. About SASCO, link xem bóng đá trực tuyến company has two segments: domestic and international. Due to link xem bóng đá trực tuyến epidemic crisis, it has shifted staff from link xem bóng đá trực tuyến international segment (currently unemployed) to link xem bóng đá trực tuyến domestic to share link xem bóng đá trực tuyến work instead of cutting staff numbers. SASCO's profit of over 300 billion VND was also retained, only partly divided.
“It is important to always speculate link xem bóng đá trực tuyến situations and have link xem bóng đá trực tuyến backup fund when doing business. link xem bóng đá trực tuyến group has a reserve fund of more than 2,000 billion VND, so that it will be used when needed. However, looking back at this moment, we still do not need to use it because every company can save its own life”, Chairman of IPPG added.
Sharing about link xem bóng đá trực tuyến conditions for consumers to buy low-priced branded goods right in link xem bóng đá trực tuyến Ho Chi Minh city without having to fly to Van Don or another place, Mr. Hanh said two conditions are needed. Firstly, TP. HCM currently has an advantage when link xem bóng đá trực tuyến TPP comes into effect, link xem bóng đá trực tuyến tax rate from European countries will be 0, and those companies selling branded goods will reduce link xem bóng đá trực tuyến price accordingly. However, because link xem bóng đá trực tuyến US has withdrawn from link xem bóng đá trực tuyến TPP, so among link xem bóng đá trực tuyến two major sources of supplies from Europe and link xem bóng đá trực tuyến US, we currently only get half link xem bóng đá trực tuyến advantage.
“Why do not we negotiate bilaterally with link xem bóng đá trực tuyến US for a strategic partnership opportunity with more breakthroughs in import and export? link xem bóng đá trực tuyến bilateral agreement with link xem bóng đá trực tuyến US helps us to be very safe for development, so that businesses do not fall into this recent situation any more”, Mr. Hanh Nguyen asked.
“I reiterate that link xem bóng đá trực tuyến non-tariff zone will not sell 100% foreign goods, international visitors love Vietnamese handmade crafts. I have proven through link xem bóng đá trực tuyến international airports, of which more than 50-60% are Vietnamese sales. Entrepreneurs should feel assured because we accompany and always have positions for Vietnamese businesses”, Mr. Hanh Nguyen affirmed.
Proposing to link xem bóng đá trực tuyến Government, link xem bóng đá trực tuyến Chairman of IPPG emphasized link xem bóng đá trực tuyến role of link xem bóng đá trực tuyến association in influencing link xem bóng đá trực tuyến Government in institutional reform.
“We are still in trouble, link xem bóng đá trực tuyến Government should save link xem bóng đá trực tuyến businesses that are more in difficulty, do not split link xem bóng đá trực tuyến money to all businesses. Enterprises like us do not need to save, because they already have backup funds. link xem bóng đá trực tuyến biggest obstacle is administrative procedures, link xem bóng đá trực tuyến Government needs to focus on saving them by drastic reforms, not saying in general.
Businesses more than ever should be calm during this tough time, reaching out to association presidents such as HUBA, VCCI for them to bring link xem bóng đá trực tuyến problems to link xem bóng đá trực tuyến Government. Those associations are link xem bóng đá trực tuyến lifeline of link xem bóng đá trực tuyến business, especially during this period. I hope link xem bóng đá trực tuyến Government will work wholeheartedly for link xem bóng đá trực tuyến business. We do not ask for money from link xem bóng đá trực tuyến Government, we just need a mechanism.
35 years ago, we helped open a flight route from link xem bóng đá trực tuyến Philippines to Vietnam, with experience and capability, I built a strategy for link xem bóng đá trực tuyến business for link xem bóng đá trực tuyến next 35 years, reaching out to all provinces and cities, accompanying link xem bóng đá trực tuyến country to development”, said Chairman of IPPG.
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