Vietnam - Social Zero Inc.

Country: Vietnam

With its rapid economic growth, Vietnam is an emerging market that is attracting attention in a wide range of fields from manufacturing to the IT industry. With a population of approximately 100 million, Vietnam is characterized by a young average age and an abundant labor force that is hardworking and well-educated. The GDP growth rate for 2022 is expected to exceed 8%, and the country is also rated relatively highly for its low inflation and stable exchange rate. Japanese companies are also actively expanding into the region, especially in major cities such as Ho Chi Minh City, Hanoi, and Hai Phong, where industrial parks have been developed, creating an environment conducive to the establishment of a well-developed supply chain.

Japanese Major Advertising Agency: Business Revitalization of the Vietnam Subsidiary Facing Numerous Challenges

From the initial year of launch, we supported the business revitalization of the Vietnam subsidiary, which faced numerous challenges, starting from the second fiscal year.We provided hands-on support, from identifying on-site issues to implementing specific improvement measures, and successfully turned the company profitable starting from the third fiscal year. Summary of Results We conducted detailed on-site interviews and investigations into the local subsidiary’s financial, accounting, legal, project management, troubleshooting, human resources, and labor situations.We identified numerous issues, including unpaid accounts receivable, outstanding taxes, contract disputes due to failed M&A, neglect of human resources and labor matters, communication errors with the parent company, discrepancies between reported financial figures and actual business performance, unnecessary outsourcing costs, and vendor selection challenges. Comment from […]

Ministry: Conducting Research on Japanese Food (Italy, Spain, Canada, Vietnam, the UK, the USA)

Our Support Business Description In a large-scale survey project conducted in multiple countries, our company carried out an import-related Japanese food products survey at Japanese restaurants across six countries. The survey targeted local Japanese restaurant owners and involved detailed questionnaires regarding the status of ingredient procurement, procurement prices, sales prices, and customer demand. A total of 60 restaurants were surveyed. Comment from the person in charge Amid the global impact of the pandemic, a global survey was conducted as a preliminary fact-finding survey for the Ministry of Health and Welfare’s later support promotion project. It was not easy to approach restaurants during the pandemic, but with the support of our own partners, we were able to secure the target number […]