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.
kèo bóng đá trực tuyến financial center is kèo bóng đá trực tuyến blood source supplying for kèo bóng đá trực tuyến non-tariff zone.
Originally a financial inspector of Boeing, Mr. Johnathan Hanh Nguyen was kèo bóng đá trực tuyến one who supported kèo bóng đá trực tuyến opening of an official flight route between Vietnam and kèo bóng đá trực tuyến Philippines in 1985.
As one of kèo 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 kèo bóng đá trực tuyến project of kèo 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 kèo bóng đá trực tuyến Philippines.
IPPG has also invested 40 million USD in kèo bóng đá trực tuyến Rex Arcade high-end shopping center located in kèo bóng đá trực tuyến Rex Hotel, one of kèo bóng đá trực tuyến French-style architectures and a symbol of Saigon built in 1927. In addition, kèo bóng đá trực tuyến company also invested 400 billion VND to renovate kèo bóng đá trực tuyến Trang Tien Plaza shopping center in Hanoi.
Mr. Johnathan Hanh Nguyen - Chairman of IPPG
On June 10, 2020, IPPG won kèo bóng đá trực tuyến bid for kèo bóng đá trực tuyến project in kèo bóng đá trực tuyến Phu Quoc non-tariff zone. With a total land area of 101 ha, kèo bóng đá trực tuyến total expected cost is 6,830 billion VND, kèo bóng đá trực tuyến completion time is 5 years, one of kèo bóng đá trực tuyến requirements given in kèo bóng đá trực tuyến pre-qualification dossier is that kèo 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 (kèo bóng đá trực tuyến investor must be allowed to be kèo bóng đá trực tuyến official distributor of kèo bóng đá trực tuyến world's major brand names in Vietnam).
Mr. Hanh Nguyen said that kèo bóng đá trực tuyến northern area of Van Phong Economic Zone was studied by kèo 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 kèo bóng đá trực tuyến potential of kèo bóng đá trực tuyến non-tariff zone and financial centers, a new thrust for Vietnam right after kèo bóng đá trực tuyến pandemic, during kèo bóng đá trực tuyến meeting with HUBA's businessmen on kèo 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, kèo bóng đá trực tuyến group has been supported by kèo bóng đá trực tuyến Prime Minister for kèo bóng đá trực tuyến project to establish a non-tariff zone.
Investing 30 million USD focused on kèo 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 kèo bóng đá trực tuyến bid and developing kèo bóng đá trực tuyến non-tariff zone.
Outdated products are only from six months to one year but kèo 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, kèo 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 kèo bóng đá trực tuyến growth of tourism in Phu Quoc in particular and kèo bóng đá trực tuyến provinces after kèo bóng đá trực tuyến pandemic.
kèo 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 kèo bóng đá trực tuyến original prices. This is also kèo 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 kèo bóng đá trực tuyến non-tariff zone was signed and piloted kèo 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 kèo 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, kèo bóng đá trực tuyến decree strengthened key financial centers in Ho Chi Minh City and Danang have been interrupted. I suggest kèo bóng đá trực tuyến Government should establish a financial center in kèo bóng đá trực tuyến non-tariff zone as soon as possible, that point is very important. kèo bóng đá trực tuyến NTZ would not be successful without having a financial center.
We will be kèo bóng đá trực tuyến leader, continuing kèo 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 kèo bóng đá trực tuyến button to approve 1/500 planning. Cooperation, accompanying, and development of kèo bóng đá trực tuyến financial center together, because this is kèo bóng đá trực tuyến blood source supplying for kèo bóng đá trực tuyến non-tariff zone.
kèo bóng đá trực tuyến world is 20 years ahead of us, we keep saying smart city, city 4.0, but kèo bóng đá trực tuyến important thing is Expocity city like Long Thanh airport, it is easy to do. It does not mean getting kèo 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 kèo bóng đá trực tuyến Pandemic
Referring to kèo bóng đá trực tuyến business situation of IPPG during kèo bóng đá trực tuyến pandemic, contrary to kèo bóng đá trực tuyến concerns of many people about kèo bóng đá trực tuyến decline in purchasing power, Mr. Hanh Nguyen said, brand purchasing power has not decreased. Previously, kèo 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 kèo 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 kèo bóng đá trực tuyến customers at anytime and anywhere. Without having to open a new store, increasing staff numbers, kèo bóng đá trực tuyến company has cut costs by 20% and revenue increased 15%.
"This is unprecedented, helping to increase kèo 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.
kèo bóng đá trực tuyến project at Cam Ranh airport suffered kèo 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, kèo bóng đá trực tuyến airport terminal will still be safe in kèo bóng đá trực tuyến next 5 years. About SASCO, kèo bóng đá trực tuyến company has two segments: domestic and international. Due to kèo bóng đá trực tuyến epidemic crisis, it has shifted staff from kèo bóng đá trực tuyến international segment (currently unemployed) to kèo bóng đá trực tuyến domestic to share kèo 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 kèo bóng đá trực tuyến situations and have kèo bóng đá trực tuyến backup fund when doing business. kèo 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 kèo bóng đá trực tuyến conditions for consumers to buy low-priced branded goods right in kèo 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 kèo bóng đá trực tuyến TPP comes into effect, kèo bóng đá trực tuyến tax rate from European countries will be 0, and those companies selling branded goods will reduce kèo bóng đá trực tuyến price accordingly. However, because kèo bóng đá trực tuyến US has withdrawn from kèo bóng đá trực tuyến TPP, so among kèo bóng đá trực tuyến two major sources of supplies from Europe and kèo bóng đá trực tuyến US, we currently only get half kèo bóng đá trực tuyến advantage.
“Why do not we negotiate bilaterally with kèo bóng đá trực tuyến US for a strategic partnership opportunity with more breakthroughs in import and export? kèo bóng đá trực tuyến bilateral agreement with kèo 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 kèo bóng đá trực tuyến non-tariff zone will not sell 100% foreign goods, international visitors love Vietnamese handmade crafts. I have proven through kèo 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 kèo bóng đá trực tuyến Government, kèo bóng đá trực tuyến Chairman of IPPG emphasized kèo bóng đá trực tuyến role of kèo bóng đá trực tuyến association in influencing kèo bóng đá trực tuyến Government in institutional reform.
“We are still in trouble, kèo bóng đá trực tuyến Government should save kèo bóng đá trực tuyến businesses that are more in difficulty, do not split kèo bóng đá trực tuyến money to all businesses. Enterprises like us do not need to save, because they already have backup funds. kèo bóng đá trực tuyến biggest obstacle is administrative procedures, kèo 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 kèo bóng đá trực tuyến problems to kèo bóng đá trực tuyến Government. Those associations are kèo bóng đá trực tuyến lifeline of kèo bóng đá trực tuyến business, especially during this period. I hope kèo bóng đá trực tuyến Government will work wholeheartedly for kèo bóng đá trực tuyến business. We do not ask for money from kèo bóng đá trực tuyến Government, we just need a mechanism.
35 years ago, we helped open a flight route from kèo bóng đá trực tuyến Philippines to Vietnam, with experience and capability, I built a strategy for kèo bóng đá trực tuyến business for kèo bóng đá trực tuyến next 35 years, reaching out to all provinces and cities, accompanying kèo bóng đá trực tuyến country to development”, said Chairman of IPPG.
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