Our firm is mostly approached by first-time clients to solve a major business issue they are facing, rather than for recurring routine services. The issues we've helped solve concern a variety of service tasks and categories: [business] licensing (in sectors restrictive or conditional to foreigners), license amendment (related to business scope), business model structuring (for licensing), market research (high-level field interviews or surveys), trade mission (with budget constraints), tax puzzle (tax rate application), In most cases, we were retained by clients for other problem-solving assignments or long-term recurring services in other services areas or tasks. Please check out our clients' success stories for typical cases of our problem-solving capability.
We assist clients through a one-stop integrated solution spanning market research, business matching, licensing, payroll, tax, accounting, compliance, corporate finance, etc. This helps greatly save your time and cost whilst enabling you to optimize these functions.
The tough reality of doing business in Vietnam, which deviates remarkedly from those in more developed, mature economies, requires us to be hands-on and innovative. This helps keep clients legitimate while still meeting their operational objectives or practices.
The founding and management team, being local professionals living and working many years [in international environments] in Vietnam, possesses deep market knowledge and business insights, sound connections, across various industry sectors and government levels.
First consultation is always at no cost. Quick review of your work or scanning your problem(s) is also free. Going to actual engagements, we offer very reasonable fees, which is enabled by our lean operation and hands-on approach, and which is consistent with our SME focus.
Connect the entire business cycle of a firm’s life from market entry to restructuring.
Form a one-stop shop for any start-up or existing business in varied business disciplines.
Dedicate to assisting foreigners (individuals, corporations) doing business in Vietnam, helping them navigate through numerous business difficulties.
Focus on helping SMEs in order to make up for their being less privileged and advantegeous versus giant MNC peers.
Our operations were in the early days and unestablished, encoutering numerous complicated issues while not having any local support staff. Broad business knowledge, strong expertise, attention to detail, fast-paced response, timeliness, going beyond expectations or mandated scope are what helped Frank Morgan LLC stand out. We highly appreciate their licensing [amendment] services, tax & payroll services and various miscellaneous business supports.
Indian fabrics were performing poorly compared to Asian peers (notably Chinese and Korean) in Vietnam's imports for apparel industry. At goverment level, we were making every endeavor for Indian fabrics to penetrate the Vietnam market more deeply. We decided to conduct an extensive market research (including high-level field surveys) on Vietnam's fabric needs, with Frank Morgan LLC's help. The revealed insights helped us greatly in forming up a proper national market entry strategy for Indian fabrics.
I highly appreciated their cross-border M&A skills, specifically the approaches to valuation (international latest practices), identification of international strategic buyers (highly systematic and exhaustive), vendor due diligence, and preparation for management presentation. They managed to bring in a good indicative offer for the so-called distressed sale mandate. I enjoyed working with his team and learned a lot from them.
Vietnam is increasingly becoming a top-choice destination for doing business and investing and catching closer attention from foreign entrepreneurs and multinationals/ international firms. This can be attributed to numerous factors. Yet below are what we believe top 5 reasons with brief description (click + icon on the right for details). For a more comprehensive picture, we strongly encourage you to visit here.
Located next to China and amid the Asia-Pacific, Viet Nam’s location makes it an ideal alternative for investors seeking to diversify their supply chains from China and South Asia. Investors are able to limit interruptions or delays to existing supply chains in China.
Participation in strategic trade agreements, including the AFTA, EU-Viet Nam FTA and CPTPP, and numerous bilateral trade pacts, demonstrates these commitments.
Viet Nam is among the fastest growing economies in Asia and is poised for robust growth, projected to expand at 6.4% annually between 2018 and 2022, according to Moody’s Investor Services. International organisations such as the World Bank and ADB have praised Viet Nam for the stable growth of the macro-economy.
With a population of nearly 98 million, ranking 14th in the world, Viet Nam has enormous market potential to various types of business investment. Vitetnam’s GDP PPP per capita is estimated to be US$8,066 in Dec 2019, up 7.36% from the previous year. The middle class currently represents about one third of the population, equivalent to 32.6 million.
The rise of wages in China, coupled with the recent trade war, between the US and China, has forced manufacturers to look for an alternative market. This is an opportunity for which Viet Nam is well positioned. For example, manufacturing labour costs per hour in China are projected to reach US$6.5 in 2020, while these costs are about US$3 in Viet Nam, according to Statista.
A city of more than 10-million population. A unique start-up culture, great value, a fine climate and a solid entrepreneur community; yet the hiring process can come with many pitfalls, which may put your managerial skills to the test. A real city for bootstrappers, getting your business up and running comes with limited overheads. A young, fast and vibrant country with a fierce work ethic and a strong motorbike culture.
