Joint ventures and
associate in business will bring many opportunities for the development and success
of business. However, it is not easy to choose partners to help maximize the
value for business, especially in this difficult time. That is the reason why
we should conduct the due diligence research before
making any decision.
According to experts,
there are enterprises that growing very fast because they choose the right
partners involving in the value chain, but also there are well-known enterprises
in the market that have to face with a lot of difficulties due to choosing
wrong partners. Therefore, how to choose the right business partners, financial
partners and strategic shareholders to help enterprises overcome difficulties,
develop faster and more sustainable are always issues that concerned by many
business leaders.
In challenging
conditions as at present, the economic situation in Vietnam and the
world places great influence on the partner selection of companies. Currently,
the debt crisis in some European countries caused the demand for import from
these countries dropped sharply. Therefore, Vietnam enterprises must seek new
markets. In this situation, companies should restructure their operations,
choosing to produce products that are suitable with the new markets.
There are two key
partners that companies need to keep in mind, they are financial partner and
business partner. Depending on the objectives of the companies that they will
choose the right partner. Normally, with the stable economic condition,
companies often choose strategic partner.
However, in difficult
situation such as the present, the choice of partners is made for short term so
that the company could be able to change and adapt according to the general
environmental condition. Many experts believe that, in difficult times, good
cooperation will help enterprises to stand firm and “over storm” successfully.
Hence, conducting
the due diligence research
helps us to have a clearer vision of partners before deciding to cooperate with
them in business, especially partners in foreign countries where you still feel
strange. Whether choosing business partner or financial partner, companies
should be cautious. They should learn from the Japanese companies. Before
deciding to cooperate with a partner, Japanese companies often study the
partners very thoroughly. Therefore, the cooperation project of Japanese
companies often succeeds up to 85%.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
Source: Antconsult.vn
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