Procedures to Apply a Work Permit for Foreigners

Foreign workers work in Vietnam is quite a large number. According to the current law, foreigners need a work permit to work at enterprises and organizations operating in the territory of Vietnam.

Conditions for applying for work permit of foreigners in Vietnam

Employees need to meet some of the following requirements to ensure they can work in Vietnam such as:

• Full capacity for civil acts.
• Having professional qualifications, high skills, and health to ensure the requirements of the job.
• Not subject to criminal prosecution or offenders under Vietnamese or foreign laws.
• Foreign workers can apply for a work permit in Vietnam.
• The following subjects can apply for work permits for foreigners working in Vietnam, including:
• Employees are working in non-governmental organizations, international organizations operating in Vietnam.
• Volunteers.
• Representative of foreign enterprises operating in Vietnam.
• Managers, executives, technical experts.
• Laborers participating in the implementation of bidding packages and construction projects in Vietnam.

Steps to apply for a work permit for foreigners in Vietnam

1. Apply for approval of foreign workers to work in Vietnam

About 30 days before the expected date of employment, the employer needs to send a very specific explanation of the company’s need to use foreign workers to the Ministry of Labor. – Invalids and Social Affairs or the Chairman of the Provincial People’s Committee.
The business owner can submit this explanation through the portal of the Ministry of the Provincial Committee by the provisions set out in Circular 23/2017/TT-BLDTBXH. First, create an account on the website and apply through this account.
Within about 12 days after receiving the explanation sheet, the competent authority will send a notification of the results to the registrant’s email box. In case, the dossier has any errors, the authorities will request the most specific correction notice.
When there is a notice on the approval of the employment of foreign workers, the requester to use foreign workers will proceed to apply to the competent authority by post or in person. Within 8 hours after receiving the dossier, the competent authority will send the original permit to use foreign workers at the enterprise.

2. Apply for a work permit for foreigners in Vietnam

A complete application for a work permit for foreigners working in Vietnam includes the following documents:

• An application for a work permit for a foreigner.
• Health certificate issued by a competent health authority in Vietnam.
• The criminal record is declared within 6 months from the date of filing.
• Documents proving that the foreign worker is qualified to meet the job requirements.
• Notarized copy of passport.
• Some specific professions such as football players, pilots, etc. will be required to add some other special documents.

The time limit for granting work permits for foreigners is as follows:

For the case of direct submission at the authorities: the results are returned within 7 working days from the date of receipt of the application.
For strong case submission: results are returned within 5 days. If corrections are needed, the authorities will send detailed requests. If the application has been approved, the competent authority will send the original license to the address provided by the applicant.

Penalties for acts of using foreign workers without a work permit:

According to Section 15 of Decree 88/2015/ND-CP amending and supplementing Article 22 of Decree 95/2013/ND-CP stipulating penalties for administrative violations in the field of labor, social insurance, and labor recruitment If a Vietnamese employee goes to work abroad under a contract, the act of using a foreign worker without a work permit shall be handled as follows:
Article 22. Violations against regulations on foreigners working in Vietnam

1. Expulsion of foreign workers working in Vietnam commits one of the following acts:

• Working without a work permit, except for cases not subject to a work permit;
• Using an expired work permit.

2. Fines shall be imposed on employers who employ foreign workers to work in Vietnam without a work permit unless they are not eligible for a work permit or use an expired work permit as prescribed. one of the following levels:

• From 30,000,000 VND to 45,000,000 VND when using from 01 to 10 people;
• From 45,000,000 VND to 60,000,000 VND when using from 11 to 20 people;
• From 60,000,000 VND to 75,000,000 VND when employing 21 or more people.

3. Additional sanction: Suspend the operation of the enterprise from 01 to 03 months for the violations specified in Clause 2 of this Article.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/procedures-to-apply-a-work-permit-for-foreigners

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Compare Office for Rent from District 1 to District 5

When looking for office space, businesses compare offices for rent in this district with office buildings in other districts, to make better decisions.

Office in District 1

This is the most expensive place in Ho Chi Minh City, the largest economic center in Ho Chi Minh City, and the whole country. With the advantage of being located in the center, District 1 has many outstanding advantages. In addition to bringing convenience in traffic, easy moving to other areas, crowded areas. In particular, it is very close to Tan Son Nhat airport, convenient for traffic.
District 1 area is home to many Grade A offices for lease with modern equipment conditions, luxurious and professional design, diverse leasing areas. Thus, providing the most optimal working environment for businesses and creating a more professional image. However, the price is also among the most expensive, so this is not a good choice for small businesses.

District 3

Bordering District 1 and located right in the city center, District 3 is somewhat quieter than District 1. District 3 is also home to many embassies of other countries. Here, there are many types of office buildings for rent, although the quality is temporary, the cost is as high as office buildings for rent in District 1. Besides, District 3 is also easy to move to other districts but still encounters one-way streets and traffic jams at rush hour. Although it is not as convenient as in District 1, many companies choose District 3 because it has many beautiful places to set up offices.

Office in District 2 and District 4

District 2 used to be one of the less developed districts in Saigon. But now it has turned into a hot spot for development. The geographical location is extremely strategic, connected to the central district by Thu Thiem tunnel, and at the same time is the first stop of the subway system under construction. District 2 is the area that is targeted to become the second economic center of Saigon.
District 4 is considered the smallest district in Ho Chi Minh City, although there are few offices for rent, it is a good place to expand branches of big companies. In recent years, District 4 is gradually rising, and luxury buildings’ appearance has brought a new breath to this area. In addition, District 4 is also famous for its cheap street food area, serving many street foods in Saigon.
In general, both districts are on the rise and the cost here is much cheaper than the central districts. However, these two districts are far away and difficult to move to another place, so many young businesses have used to rent a virtual office in District 2, a virtual office in District 4 rather than renting an office or business premises.

District 5

Today, District 5 is becoming one of the largest economic centers in Ho Chi Minh City, so many businesses are paying attention to District 5. Only twenty minutes by car from District 1 to the West, District 5 is known as the largest Chinese street in Vietnam. But the Chinese are good at setting up and doing business, so this is a condition to attract businesses to come here to set up a business.
Choosing an office that is convenient for travel is also a concern of businesses. District 5 is a good ideal place for businesses to choose an office for themselves because traveling through the centers of District 1, District 3, District 10, District 6, … is convenient for partners and employees.
Unlike in District 1, the cost is expensive, it is difficult to rent with the low capital cost of newly established businesses. Most of the office rents in District 5 are much cheaper, but the quality of the office is as good as in District 1. This is a great advantage, a good reason for businesses to decide to start a business here.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/compare-office-for-rent-from-district-1-to-district-5

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4 Small Tips To Help Managers Improve Office Quality

Are you an office manager and always have a headache every month when you have to pay a lot of expenses but still cannot optimize the quality of your office? The following article will share with you 4 tips to help you for this.

Install a motion sensor in your office

One of the biggest and must-have costs for a company is lighting. Therefore, installing a motion sensor lighting system will help you save maximum electricity bills for the company’s lighting system. Installing this sensor will also help limit the situation when employees leave work or work late but forget to turn off the lights in the office.

Set and lock heating

Setting the temperature automatically in the office will save you a significant amount of money on heating costs and avoid arguments about turning on or changing the air conditioner temperature. Therefore, lock the heating system to a certain temperature.

Create a contest in your office

You can create awareness among employees about saving energy by creating a small competition between employees or departments in the company to rank monthly and award outstanding teams…

Suggestions are encouraged

Set up an open forum where employees can contribute suggestions and provide feedback. The superiors can know what people think and what others do to help improve the working environment. This will help managers better understand their employees and promptly resolve internal issues.

Those are all 4 small tips for you to manage easily and optimize the quality of your company.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/4-small-tips-to-help-managers-improve-office-quality

Read Vietnam Economy Weekly News

Notes on Renting Grade B Offices in District 1

In addition to the existing conditions and budget when renting a Grade B office in District 1, you should note the following.

1. Choose a suitable office location: Grade an office in District 1

Depending on the condition, existing budget, as well as the type of business of the company, you can consider different office locations with different prices. At the same time, the office location should also choose a location that is convenient for traffic, the office must be located in a clean location, with full light and green trees around, ensuring that the roads are clear and free of traffic. Good air circulation brings good luck in work.

2. Negotiate the rental price:

Rent is always the top concern of every business when renting an office, the rental price will depend on the location, area, and equipment in the building. Usually, the rental price will be subject to VAT of 10%. When renting, it is necessary to clarify the price right from the beginning, especially, does the price includes tax or not? If so, then this tax must be clearly stated in the contract to avoid misunderstandings later.
On the other hand, enterprises need to clarify other costs in the contract such as cleaning costs, parking costs under the building, security costs, etc… to avoid errors and shortages later. At the same time, businesses also need to consider the issue of deposit, usually, they will ask you to deposit at least 1 year or 2 years depending on the rental office, this is mandatory because the office rental is of nature. In the long term, you should make sure to have a deposit to avoid risks.

3. Office area: Grade an office

The usable area including room area, corridor, elevator, toilet, will average from 8-12 m2/person. In some projects, the investor includes the area of ​​public works in the building into the leased area.

4. Choose a building with a reputable investor when renting office District 1

When renting a Grade B office, you should also pay attention to the investor: Find out information about the partner, if the investor is not a reputable partner, has a history of stealing money, or causing trouble for the other party. If you rent an office, you should not rent an office in that building.

5. About payment method:

Rent will be paid every 1 or 3 months depending on the investor, usually by bank transfer, or it can be in cash depending on the business negotiating with the investor to see what is reasonable with the company yourself.

6. Services and design of rented office:

Building lobby: When customers enter the building, they will be interested in the first lobby, if the building has a cool and convenient lobby, customers will have a comfortable mood when entering your company. Therefore, when renting a Grade B office, you should raise the above issue with the investor to ensure the interests of the company and customers.
– Parking: A lot of Grade B buildings lack parking space, making customers very uncomfortable. Therefore, when renting, you should pay attention to choose buildings with convenient parking for employees and customers.
Central air conditioning system and elevator: The air conditioning system should bring in fresh and cool air for cheap office spaces. The elevator system should have a separate elevator for the office area to avoid troubles arising when sharing with residential areas.
– Window system: An office should not be too airtight, it will cause suffocation and not alertness. At the same time, the door system must also ensure that rainwater does not overflow or strong winds blow in.
– Toilets: Toilets need to be hygienic anyway. When renting an office house, you should consider whether the drainage system and other materials in the toilet meet hygiene standards. Because this will have a direct effect on the health and psychology of employees and customers when using.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/notes-on-renting-grade-b-offices-in-district-1

Read Vietnam Economy Weekly News

Methods of Valuing Office Buildings

Determining the market value of the property is imperative, a fair value, objectively and transparently determined. So we will bring some methods that you can use for valuing office buildings.

What is the value of the office building for rent? and Methods?

Real estate has long been, along with bonds and stocks, one of the important investment assets in the Vietnamese market as well as in the world. Especially in a country with a history of high inflation, large corporations, financial institutions, and individuals view real estate as an investment that generates low-risk returns and can preserve capital. With a young population structure, a high proportion of people of working age, and increasing prosperity, commercial offices are also a strategic investment channel for the future.
While bond and stock prices can always be determined quickly thanks to high liquidity in the stock market, conversely, the market value of an active office building requires a different approach. These are the following methods:

– Cost method:

Book value, or in other words the total cost spent to construct and complete the office building for lease, maybe less than, equal to or exceed the market value. Investors always want the value of the real estate to be higher than the total construction costs because investors always expect a reasonable profit for the invested capital. However, in cases where the development of office buildings is not reasonable, for example, building a Grade A office in a non-central area, making the rent lower than the economic rent, or the construction cost is high due to high-interest rates. High rates and inflation, or poor building management, all of which can reduce profits to less than total costs. Therefore, book value cannot reflect market value because the value is defined by market supply and demand.

– Comparative method:

Limited liquidity compared to listed stocks has always been a feature of investment real estate in Vietnam. Buildings for rent are no exception. There are very few recently traded office buildings in HCMC, notably only Gemadept, Union Square, and Saigon Tower. Transaction details are often not available and the registration of land use rights is not public, so it is difficult to find exact transaction details.

– Income method:

Another method of accurately recording an asset’s earning potential and hence its added value is also very useful. The income method calculates an asset’s value using annual net profits and an appropriate capitalization rate or discount rate. This rate can be used to compare rates with other asset classes such as stocks, gold, foreign exchange, and thus, assessing investment returns can be made easier.

– Average cost of capital (WACC) methods:

Many financial analysts in Vietnam use the WACC (average cost of capital) method to determine the capitalization rate for valuation. WACC is concerned with the capital structure of the business, or the cost of debt, and the expected return on equity. It is perfectly right for investors to use the above method to determine the value of their property, but is its market value? WACC is only based on specific returns associated with a particular business, not the market as a whole. This is why assessing the assets of a business using WACC can vary between types of investors, such as 100% equity and 100% debt financing. Investors have very different motives and capital structures, WACC only shows what the minimum expected rate of return a business is, not how much the market will pay for a property.

– Analysis from available transactions in the market:

The market rate of return is the best method for finding investment property value. The capitalization rate derived from market analysis represents the expected return on investment in an operating asset, unaffected by the capital structure or the investor’s subjective expected return. This rate also reflects an acceptable investment return based on the market.
To determine the market capitalization of this property, factors such as the approximate market rent of US$30/m² must first be determined, operating costs, brokerage fees, promotion fees, the time needed to find a new tenant, capital costs, etc. These factors must be market-based, not just historical performance information. After analysis, a capitalization rate is determined, and in this case approximately 10%. This market-based rate of return can be applied to other assets to determine market value.

 

– How to determine market value?

In countries with developed real estate markets, real estate transactions on the market are clearly recorded and published. Publicly listed companies have strict regulations on governance and information disclosure, thus ensuring the reliability of net asset value (NAV). Investors can then confidently use these valuations as the basis for a company’s balance sheet. Not only in Vietnam, in many other places, NAV is also frequently criticized and lost the confidence of investors. Therefore, the real estate industry urgently needs accurate valuation methods that follow international standards and a strong database that tracks and analyzes market transactions. Savills is a pioneer in building databases for the real estate market. This data is a valuable tool in disseminating accurate valuations to aid in promoting good governance and thereby giving investors more confidence to invest in commercial real estate.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/methods-of-valuing-office-buildings

Read Vietnam Economy Weekly News

A Simple Way To Save Office Costs for Businesses

Maximizing office costs is an extremely important issue for a business, especially a business with a limited budget. The following simple ways will help you reduce costs, increase profits while ensuring operational efficiency.

10 simple ways to help you save on office rental costs

1. Pay employees for travel allowances instead of using company cars. It will help the company save significantly on insurance, gas, maintenance, and many other costs.
2. Use virtual communications over the internet in business to reduce office rental costs. Certainly, many companies do not need to have a big office. Many business owners run their businesses from home, and even a small office can accommodate a variety of needs with an email address, a post office box, and a responsive receptionist. make phone calls. If remote communication and data exchange really has an advantage, take advantage of it. Employees will thank the company and so will the company’s profits.
3. Shipping products directly from the manufacturer to the customer so that the company no longer has to worry about storage costs, insurance costs, and rental costs. These costs always eat into the company’s bottom line, so save time and money by shipping directly to the customer. When starting to make improvements to combat the waste of transportation, raw materials, and inventory, many companies fail to realize that this is one of the truly useful ways to improve profitability.
4. Provide insurance benefits to employees instead of purchasing health insurance packages. Small companies often can’t afford full employee insurance plans. However, the company can still guarantee this benefit to employees by paying them a certain amount to cover their own insurance. The company will be able to significantly save on insurance costs while not harming employee benefits.
5. Focus on building your network instead of paying for advertising. The cost from there will be reduced while the result is not small at all. People buy products and services from people they know well. So companies should get rid of the obsession with advertising and instead build networks with potential customers and trusted partners. So network building can be done through participating in online discussion groups with many potential customers for your product/service and participating enthusiastically.
6. Buy or rent a building that has excess space for the company to sublet. This rental expense will help the company offset other office expenses. And the company will treat this as a business asset of its own.
7. Use subcontractors if the company only needs part-time help. The company only has to pay for necessary work, not full-time wages. Not only does it save money on salary costs, but also tax and insurance costs. The use of subcontractors not only helps companies lower costs but also utilizes a lot of information technology and modern management skills in business activities, allowing small companies to solve their problems for bigger missions and faster development.
8. Use online meeting technology instead of actually traveling to reduce meeting costs. Travel time and costs will be reduced while profits are bigger.
9. Develop payment arrangements with the company’s customers to minimize additional costs incurred. It doesn’t matter how many products the company sells until the company has received payment. The purpose of this task is to ensure proactive agreement through which clear payment terms are obtained and the company gets its funds as quickly as possible.
10. Scrutinize to find the most suitable business insurance plan. Insurance is always quite expensive in terms of cost and therefore due diligence will result in significant cost savings for the company. The key lies in understanding the differences between different offers from different insurance providers and on that basis conducting the most thorough cost-benefit analyses.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/a-simple-way-to-save-office-costs-for-businesses

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Experience for Finding Offices for Rent in Tan Binh District

The following experiences will help those who are in need of office rental in Tan Binh district to find a place with a reasonable price, a suitable location, and at the same time meet other service and utility factors in a short time in the current economic session.

1. Rental location of Tan Binh:

Depending on the type of business, the location to rent an office in Tan Binh district will be different. However, every workplace should ensure the following basic criteria:
Central or nearby area
– Convenient traffic, clear roads
– The security and order situation in the area is guaranteed
– Good quality of building management
– Clean surroundings, lots of trees
– Various utilities such as eating places, hospitals, banks…

2. Rental price of office for lease in Tan Binh:

Office rent is high or low depending on the location, area, and equipment arranged in the house.
– Usually, the rental price will be subject to 10% tax.
– You need to clarify the price issue right from the beginning, especially whether the price offered by the lessor is inclusive of tax and clearly stated in the contract to avoid disagreements later.
– Besides, you also need to pay attention to the price of electricity and water and other fees before making a contract.

3. Office area:

Before renting an office, you need to calculate that the workplace is not too small or too redundant compared to the necessary level.
– The minimum area for an employee is 5m2, ideally from 8-18m2.
In addition, you should discuss with the investor about the shared space such as toilets, corridors… to avoid conflicts later.
– In case the company plans to expand in the future, you need to tell the landlord or investor in advance to minimize the costs incurred and avoid the lack of expansion area.

4. Investor for lease in Tan Binh District:

You should find out information about the office lessor in advance. Avoid unscrupulous investors who have been reflected on legal issues, money, contract performance…
Some factors to consider to limit the risk:
– Can the investor sell the leased area to others?
– Do they have the ability to terminate the office lease agreement ahead of time?
– Are they able to fully and promptly fulfill the commitments stated in the contract?
– For arising problems that are not agreed upon in the contract, how will they handle them?

5. Payment period and lease term:

Normally, office rent will be paid every 3 months. But there are also cases where the lessor wants to collect sooner or later. You should agree with the investor or landlord on a reasonable time for both parties.
– For contracts, the minimum term is 2 years. The most common rate is 5 years, after which priority is to be renewed. This also needs to be negotiated depending on the company’s business development needs.

6. Service and office design:

– Courtyard lobby:
This area significantly affects the psychology of employees and customers from outside. If the lobby is spacious and airy, customers will have a more comfortable mood when entering your company.
– Parking:
Many buildings do not have parking space or the parking area is quite far away, which makes many customers and employees uncomfortable. Therefore, when renting an office, you should also pay attention to this issue.
– Air conditioning system and elevator:
You need to find out what type of air conditioning system in the office is. In some places, the system is not good, so it causes noise and water flow, affecting business. For elevators in buildings, there should be a separate area to avoid congestion due to sharing with residential areas.
– Window system:
The rented office should not be too airtight, it will easily cause suffocation. At the same time, the door system must also ensure that no rain or strong wind enters. For workplaces near crowded areas, the building’s glass should be double-layer soundproof glass to ensure quiet when working.
– Toilet:
When renting an office, you should consider whether the drainage system, as well as other facilities in the toilet, are up to standards. This directly affects the health and psychology of employees and customers when using.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/experience-for-finding-offices-for-rent-in-tan-binh-district

Read Vietnam Economy Weekly News

10 Negotiation Tips For Office Rental Prices

In addition to finding a good office for rent, companies need to know how to negotiate prices to save the most budget.

1. Make the first impression when negotiating

For business people, making the first impression is extremely important. First of all, show it through your appearance such as clothes, hair, shoes… Suppose you come to your partner wearing shorts, slippers, and messy hair. Surely with your messy appearance, they will not trust you or think you are not serious about renting an office, maybe even refuse before the negotiation takes place. So, show up with an outfit that makes you look professional that will make your partner sympathize and appreciate you more.

2. Courtesy

This is an important rule when you meet and interact with partners. Always have a polite attitude with simple actions such as shaking hands when meeting, remembering the name of the lessor, not saying more than necessary, not telling, bragging, etc… This will help you gain sympathy and also makes the negotiation less stressful and easier.

3. Show trustworthiness

Not only through dress or polite manners, but you also have to show credibility by showing them your financial ability. That you are willing to pay according to the agreement and follow the principles set by both parties. If you are a lessor, you probably don’t want to give your property to someone without a clear career and background. Because the level of risk you face will be very high. So, show the other party how trustworthy you are to make the negotiation easy. Moreover, if you are a reputable and reputable business in the market, the price negotiation will be even more beneficial, for both parties. The lessor will understand that it is possible to cooperate with you for a long time, and it is not easy to get a good partner like you.

4. Understanding the office rental market for your negotiation

Understanding the market and getting a lot of information about the real estate business will be very beneficial for you. Not only can you find offices with good locations and conditions, but you can also find out which prices are most reasonable. For example, you plan to rent an office on Nguyen Thi Minh Khai street and know that there are many vacant places around that area. This information will be extremely helpful as you can look at properties nearby and negotiate with landlords for lower rates. The negotiation will take place quite easily when the partner does not want to lose customers. Moreover, being knowledgeable also helps you avoid the situation of having to rent an office higher than the market price.

5. Capture the tenant’s psychology

In any negotiation, it is very important to understand the psychology of the other party. Through the attitude, gestures, or words of the lessor, you can tell if they are satisfied, hesitant, or not agreeing with the price you ask. From there, you can adjust the office rent in a way that suits the interests of both parties. Or as your real estate lease is about to expire, you understand that a landlord is a stable person and will probably have a hard time finding new tenants. You can then offer to extend the contract at a lower price than the original.

6. Listen

Have you heard the saying “silence is golden”? During a negotiation, being quiet at the right time and listening to the landlord’s opinion will help you capture a lot of information and understand what they want. Lots of words and trying to convince is not always good. Speakers need listeners. That way, you will show respect to your partner, make them feel good, and easily open your heart to listen to your subsequent requests.
Absolutely do not argue or say uncultured words when negotiating. Because they will be the cause of an unsatisfactory outcome for both parties.

7. Mutual benefits

A successful negotiation is when both parties are satisfied with the terms. Especially not causing a feeling of defeat, disappointment, loss of face … for the lessor. Suppose after negotiating, you can reduce the price of office rent as desired, but the partner is not satisfied with such a level. They just accept it for some reason. At that time, it will be difficult for the two sides to cooperate for a long time. And in the process of cooperation, if unfortunately, you have trouble with infrastructure, maintenance… surely the lessor will let you manage and only take care of their interests, as you did before.

8. Consider the requests made by the lessor

In some negotiations, many businesses only pay attention to how to rent an office with the cheapest price without paying attention to the requirements of the lessor. This is a serious mistake because sometimes, those requests bring you more benefits than most. For example, your partner may ask for the same rates but will pay for electricity, taxes, insurance, and maintenance for the office or shared areas. At that point, you should reconsider this offer, because the cost of those issues may even be higher than the discount you negotiated.

9. Hold your ground

Standing firm does not mean insisting on reducing the office rent as you want. Don’t let a few convincing words of partners like this place have a good location, many people ask for rent, beautiful design… that you rush to accept the initial price. You need to understand your position, grasp the advantages and disadvantages of the lessor to make a reasonable request. You should be flexible in your terms and conditions, but still, keep the price from deviating too much from what you intended. To do so, you must know a lot about the partner and prepare carefully before the negotiation.

10. Presuppositions of situations

Before the negotiation, make sure you have all the information you need. Then try to pose situations and deal with them. You should assume the prices or requirements that the tenants of the office offer and how to convince them. This will help you prepare mentally and not be surprised and confused during the negotiation.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/10-negotiation-tips-for-office-rental-prices

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Issues To Note When Hiring an Office Design Unit

The desire to have a beautiful office space and optimize design and construction costs are the desires of any boss or administrative staff in charge of renting offices and setting up office locations and working for the company is all about.

1. Specific budget formulation:

The biggest mistake for businesses when moving offices is building a general budget, not specifying each item. In fact, the more detail we can do, the better. Specific from big items to small items, then balance the budget between those items.
For example, when building a budget, in addition to budgeting for office rental or furniture, we need to include costs for administrative tasks such as redoing legal procedures, re-printing publications. , … and most importantly, don’t forget the costs incurred in contingencies for these.

2. There is enough time to prepare:

“Time is gold” is even more true for businesses in this era. Therefore, before the business prepares for a new house, it is also necessary to prepare yourself time to do this. Our advice is:
Right from the time of looking for a rental space, businesses should immediately find themselves a companion design unit so that they will give advice and useful advice for that space. And yet, in the process of negotiating a contract with the homeowner, it is also time for that design unit to come up with design ideas for the business’s office.

This will save a lot of time for businesses. When the business officially signs the contract, the interior construction unit can enter the office to complete the construction.

The timing of the office move is also quite important. Businesses should not move offices at the end of the year, which is the peak season for offices.

At this time, office prices may decrease, but interior construction prices often increase by 5-15% more than in the middle of the year, not to mention the employee’s psychology is disturbed, affecting the year-end work of businesses.

3. Choose to hire an office design unit:

Many businesses often save on office moving costs by dropping design costs, but few businesses know that this is the way to increase office moving costs.

The average working time of office workers in a day ranges from 8 to 8.6 hours, so in order to take advantage of the full capacity of personnel, businesses need to pay more attention to working space. The transformation of the enterprise is partly also assessed through design. Above all, it is through corporate design that you can easily control the investment budget. So there is no reason not to find a design company.

4. Selection of contractors for the construction of full-service office furniture:

Is it cheaper to choose a contractor for partial construction? These are often concerns of businesses when they intend to redo or renew their offices.

It is true that the price will be cheaper, but the total cost is uncertain. Why is that? When businesses do it themselves, have they factored in the following costs?

Expenses for 1 employee to leave work to supervise interior work. Not to mention the cost of risk at work when you intend to temporarily stop working at the company to work as a supervisor.

Construction time will definitely be longer because it is difficult for separate contractors to complete the construction of items at the same time, instead of being able to do many items at the same time when everything will have to “wait in line”, Not to mention the fact that supervisors do not have much construction management experience, which is also the reason for the increase in costs.

For example, if provided by a contractor, the time is only 30 days, but if you do it yourself, the time can be 50 days. So wasting 20 days of rental is also wasting the money of the business.

High cost and risk due to not being able to predict all the problems in the construction process. Some excess is still superfluous, what is lacking is still lacking.

In addition, when choosing a package contractor, businesses will certainly feel more secure in the warranty process, at least not be blamed by different contractors when having problems during the business process. put the product into use and operation.

With the above advice, it is hoped that businesses can have a clearer view when planning to move or renovate offices.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/issues-to-note-when-hiring-an-office-design-unit

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Scams To Avoid When Renting an Office

Taking advantage of the increasing demand for office space, fake real estate brokers have appeared with extremely sophisticated and blatant scams. If not careful, businesses may fall into traps and face the situation of “losing money”.

1. Unravel the scams of fake office leasing brokers

 

 

1.1. Information about offices for lease is completely different from the reality:

 

In fact, we easily come across brochures advertising office rentals, the premises are plastered at power poles, bus stations, with extremely attractive ads such as Grade A office for rent, B in the center of District 1 costs only 3 to 4 million a month, has charged service fees, electricity, water, VAT, … But when contacting, the information is not correct, often you will receive answers like such as: Out of office for lease or end of the promotion. They will then refer you to another office for a lease to get the brokerage money. So when this is the case, you should not accept the invitation to see another office, maybe it is scams of a fake broker to get a deposit and then run away.

1.2. Costs incurred when finding an office:

Once you have found a satisfactory office, there are many cases in which, in addition to the monthly office rent, you will bear a lot of other costs incurred such as brokerage fees, building management fees, security fees, etc. electricity, water, parking fees, internet, phone, overtime fees, etc. The total cost incurred is higher than the office rent. In fact, many businesses have encountered this sophisticated trick and have to lose a deposit to find a new office.

1.3. Impersonating a building owner to trick customers into renting offices:

Those who pretend to be the owner of the building to introduce to office tenants good policies, cheap rent as well as many incentives when renting the office of that building, so that they will use sweet words to get customers to agree to sign the contract, rent deposit (usually 3 months) with the investor, because the broker hires fake people, after receiving the deposit, they will disappear quickly.

2. How to avoid scams when renting an office

 

– Find a reputable office leasing service: It is very difficult to listen to this person’s introduction, the other person’s introduction will be very difficult to verify to avoid losing money, it is best and safest to still find an office rental agency.

– Specific contracts: Many brokers will take advantage of “tricks” to cheat in contracts. Therefore, this type of document needs to be carefully considered, it is best to invite a good professional lawyer to check. In addition, some people who are careful in the signing exchange will record or record.

– Urging customers to sign contracts quickly: With the desire to gain illicit profits. The fake brokers will “push” the customer to sign the contract as quickly as possible. Everyone should be alert to make wise decisions, avoid being taken advantage of.

 

3. Should you find an office for rent through a broker?

 

Many customers, after coming to a reputable office leasing service, have shared that the process of finding office rental by themselves has faced many difficulties, there are also many brokers that offer to cooperate, but because Unbelievably afraid that these units are linked with the investor to increase rent or affect the interests of customers, so they refuse to work. However, after understanding the role of brokers, the companies have trusted to cooperate and find their own satisfactory office products.

The most reputable brokerage units in the market have in their hands most of the information about cheap office buildings for rent in Ho Chi Minh City accurate and constantly updated, so the information that is provided to customers Item is accurate and up to date.

Brokers will assist customers to quickly rent an office at a good price thanks to their understanding of the market, expertise, and contact information with the building management. At the same time, it still ensures objectivity and transparency when the customer is the one who directly receives the quotation, directly considers and selects the appropriate office, and directly negotiates the contract. Brokerage units provide market and building information, advise in the process of price negotiation, and contract negotiation. Different from the unfriendly look of some people, the brokers are the ones who help customers find the products they like, saving both time and money. You might as well find your own customers. Therefore, the team of office leasing agents is increasingly asserting its importance. The office leasing brokerage companies in Ho Chi Minh City are also increasing day by day, proving this more and more.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/scams-to-avoid-when-renting-an-office

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How To Distinguish Between Gross Area And Net Area

When looking through some quotations from office buildings, there will be times when you come across the terms “GROSS” and “NET ” area, do you wonder what these two are and how are they different? how are each other?

1. CHARACTERISTICS OF GROSS AREA WHEN RENTING OFFICES

Gross area is a way to calculate the office rental space, including space where the tenants can work, plus the outside area used for common use such as corridors, shared toilets, aisles. in return, hall, elevator … (will also be included in the total office space by the investor).
This calculation is often applied in Grade A office buildings to maximize profits, ensuring that any space, including the public spaces, can be leased.

2. CHARACTERISTICS OF NET AREA WHEN RENTING OFFICE

NET area is also the actual space that you rent an office for your work and profession. NET area is calculated with the separate compartment space, excluding the lobby, corridor, WC as well as public spaces in the building. Particularly for some buildings, the NET area may include the space of ​​​​the pillars on the floor.
In other words, the NET area is the net space that the tenant actually uses. This calculation method you will often encounter when in most Grade B and C office buildings for rent.

3. GENERAL CONCLUSION FOR 2 TYPES OF OFFICE LEASE AREA

The difference between Gross and Net area will directly affect the final cost that you have to pay when renting an office. Or to put it more simply, with the Gross area calculation, you will have to pay about 20-30% more for the common space that is not on your office premises.
It is possible to temporarily calculate the GROSS office space according to NET by multiplying the NET area by 1.2 and 1.4 (Note that each building will have a different calculation method)
The actual survey shows that when leasing offices, individuals, businesses, or companies often prefer the rent based on the NET area because on the contract that is the space they use, helping them feel not waste money on the space used for common use, the public space that many other individuals, companies, and businesses are using the same way.
When renting an office, you may find it looks cheap, but after negotiating and adding all fees, you will feel that they are no longer cheap.
Therefore, you need to be knowledgeable about the price structure, taxes, and fees such as management fees (in some places called service fees), overtime fees, payment policies, deposits as well as incentives that customers receive. rent can take advantage.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/how-to-distinguish-between-gross-area-and-net-area

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What To Do When There Are Dispute Over The Office Lease Contract

When there is a dispute about the office lease contract as the company’s headquarters, will the issues of invoices and business scope of the business be affected? What should businesses do when there is a dispute about the office lease contract?

Is the dispute over the lease contract of the company’s headquarters considered illegal?

The enterprise must commit to the business office that the address of the head office belongs to the lawful use right of the enterprise, so when a dispute arises over the office lease contract, depending on the type of dispute, the enterprise’s activities are considered to be legal or illegal at the head office address. Specifically:
1. For the dispute caused by the lessor’s incompetence to lease the office. So of course, legally, the office lease contract signed by your company is also invalid, from which the legal right to use the address of the head office is not available. In this case, the enterprise must carry out procedures to change the head office of the company to another address if it does not want to be stopped by the tax authority from using invoices.
2. For a dispute over office rent, or the contents of the office lease contract and does not limit or terminate the right to use the enterprise, in this case, the operation of the company at the head office is still considered legal.
Note: In case you have just established a business, the arising of a dispute will cause the tax department to have the right to refuse to register the tax calculation method according to form 06-MST and refuse to allow its use of any printed invoice.

How to avoid disputes from office lease contract

When an enterprise faces a dispute, the first thing, of course, is to negotiate and resolve the dispute to ensure its legitimate interests. Then, based on the need to use the head office, you can calculate the direction to change the headquarters or choose to keep the information by:
1. For companies that tend to do business activities with a large transaction speed with customers or commercial businesses with a large number of customers coming to conduct direct transactions, the building owner’s partial restriction on going to, On the contrary, using the facilities in the building causes loss of your business points in front of customers. Although this can be considered damage and has the right to claim for damages outside the contract, if it can be prevented, it will help the business more.
2. For businesses that rent an office solely to use as an office, you should settle the dispute to the end because it shows your understanding of the law and the stature of your business in your eyes. while helping businesses reduce unnecessary costs.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/what-to-do-when-there-is-a-dispute-over-the-office-lease-contract

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8 Reasons Your Business Needs To Rent An Office

For businesses that are growing and wishing to expand their staff, the idea of ​​an organized workspace, with professional infrastructure, offices suitable for the workforce is a factor that cannot be overlooked and ignored.

1. Attracting talent

The workspace can tell the stature of a business. Everything from finance to corporate culture is visible from their office pictures. In fact, well-known and world-class companies are recognized as having the most desirable workspaces and an abundant talent pool.
However, hiring good people is not easy, There are many other businesses that are also looking for and supplementing high-end human resources. And the best, smartest people will want to work for a company with good work culture, many benefits. They want the workspace they are going to be comfortable and comfortable. Because they will spend 8 hours a day there. They won’t get a good impression if your company doesn’t have a decent workplace.

2. Build a working team

To be successful, you must not only attract talent but also build a better team. Build a leading, dynamic, active sales organization. A better way to do this is to create an environment where employees can communicate and support each other.
Investing in an office is like an investment. Think about the potential benefits of an office: company culture, increased productivity, better collaboration.

3. On-time

If you like meetings that start on time and run smoothly, then you should seriously consider investing in an organized workspace for your business. Although internet and technology support such as Skype, Viber can help organize remote meetings. But network connection speeds vary and some technical problems arise, often wasting 10 to 15 minutes before everyone can hear and see each other.
If everyone is in the same office to meet and face-to-face, meetings are much easier.

4. Responsibility

Think about what your employees are doing when you’re not around. Or when you need to chat, or find them but don’t get an answer. Is the person doing the job? Or are you out having fun? If everyone worked in the office, that problem would lessen somewhat.
5. Professional development
Whether the office is for meeting clients, holding seminars, and office space will allow a business to market products more effectively and have more professional development opportunities.
When your employees see that you are willing to invest in their growth (invest in a professional office), as a professional, it will leave employees satisfied and motivated. to build their career with you.

6. Customers

If you have a business that requires customers to come to you, instead of you to them, then having office space is a necessity. You can’t have productive, professional meetings with customers at coffee shops.

7. Health

Research shows that a healthy team has a very high chance of becoming a great team. Offices can play an important role in team performance by ensuring the well-being of employees.
In many cases, many employees are having a very bad habit of staying up late. And waking up on time to be at the office will help them change the habit to sleep earlier at night, to be at the office in good spirits.

8. Opportunity to interact with many diverse perspectives

In business, it’s good to be exposed to many different perspectives and experts. A shared workspace in the office will ensure that your team members have the opportunity to interact and communicate with each other.
Moreover, working together promotes competition between individuals and groups. Thereby, promoting increased work productivity.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/8-reasons-your-business-needs-to-rent-an-office

Read Vietnam Economy Weekly News

Features and Reasons To Rent an Office in District 7

Currently, the demand of District 7 office tenants has many changes, so the office for lease has also been changing to meet the needs of the market. Therefore, businesses that want to find offices can be assured of this area’s quality and development potential.

Highlights of the office for lease in District 7

 

Well located

There are now many big real estate projects and there are many commercial and construction centers to meet the living and entertainment needs of people in that area and other staff working here.
The office for lease here always brings customers the comfort of daily life, food shops, cafes, convenience stores, supermarkets are always nearby. The employees always meet the employee’s needs. Infrastructure is invested a lot by the state. From District 7, it is easy to move to District 4, District 1, and Nha Be District. Phu My Bridge connects here with District 2, adding bridge and road projects under construction to make moving to District 7 easier than ever.

Suitable for businesses that want to save on budget

The problem often posed by SMEs is budget. Office for lease in District 7 is the most suitable choice for businesses that want to save costs. Office rental here is extremely favorable compared to other districts, but the quality is still guaranteed.
The rental price of office space for lease in grade B in district 7 ranges from 12 to 22 USD / m2. VP’s price is cheap from 7 to 11 USD / m2.
Offices here always have many office models, diverse in the area so that businesses can freely choose the type of office that suits the nature and needs of their work.

Other advantages of office for lease in District 7

District 7 has now become an urban area with strong growth and dynamic trading activities, VPCT attracts not only businesses who want to save costs for office rental, but it also attracts attract big businesses to high-end District 7 office rentals to assert their position and brand.
The field of office rental investment in District 7, Ho Chi Minh, and the real estate sector is invested a lot, from high-end apartment buildings, offices for lease, and high-rise buildings. , trade centers, large hotels, and restaurants to hospitals, roads …
District 7 is considered a land with great potential for economic development. Large companies with strong capital all choose offices for lease here as the location of their offices.

3 reasons to rent an office in District 7

1. Strategic location

Located near the city center, District 7 is considered the southern gateway of the city. The North borders District 4, District 2. The South borders Nha Be District. East: border with district 2 and Dong Nai province. West: border with district 8 and Binh Chanh district.
In recent places, District 7 has been focused on investment in infrastructure development, road and waterway traffic, convenient to move. In Ho Chi Minh City, District 7 is considered a prime location, convenient transportation system, and clear strategic direction. At the same time, many utilities such as administrative agencies, finance, hospitals, supermarkets, schools, parks, play areas … are integrated into office buildings for lease, to meet the needs of customers…

2. Greenspace

District 7 is known as “Little Singapore”, is the area that owns a lot of green, clean and beautiful space in Ho Chi Minh City. The right choice for working in a comfortable, modern, and civilized environment.
The era of urbanization and modernization makes green spaces rarer than ever. Particularly here, there are two large parks, Ho Ban Nguyet with an area of ​​more than 70,000 square meters and a park that extends Nam Vien with ​​45,000 square meters and internal park systems help bring fresh and airy air. , friendly with nature, improving the health and well-being of those who live and work here.

3. Diversified utilities

When you rent an office in District 7, you will not worry too much about utility services. Most of the facilities are located close to the buildings, apartments, helping to fully meet the needs of entertainment, shopping, learning, … Especially the health care system here is the best rated in Ho Chi Minh City because District 7 has many international standard hospitals and clinics such as FV Hospital, Tam Duc Heart Hospital, Mapple HealthCare, Lan Anh Dental Clinic, …
Not only that but also a source of clean food is guaranteed for everyone working in this area. Lotte Mart is one of the best quality supermarkets here, with 100% Korean investment, providing products imported from Korea and internationally, ensuring quality for users. . Besides, there are also CityMart, CoopMart, BigC, and large commercial centers like SC Vivo City, Cresent Mall, … offering more choices for everyone’s basic entertainment and dining needs.

With a fresh, modern, and comfortable living space, District 7 will be the best choice for companies and businesses that want to work in a green, clean and beautiful environment like a “Singapore miniature”.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/features-and-reasons-to-rent-an-office-in-district-7

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Prestigious and Quality Office For Lease In District 6

Office for lease in District 6 is an active market. The office is not only the workplace of individuals and collectives but it is also considered the face of the entire company. So renting an office in District 6 is very important.

Cheap office rental market in HCM

Experiencing many major events in 2020, the global economy, as well as the office rental market in Ho Chi Minh City, also have many changes. Many companies and businesses choose to find locations for office space in District 2, for rent in District 1, … to save money, maintain an effective business.
Office for lease in District 3, the center of Grade A segment is quite stable, suitable for real estate corporations, finance … with strong capital. At the same time, smaller businesses that are heavily affected by the Covid-19 pandemic and the global economy should move to neighboring districts to limit financial pressure.
The year 2021 is a year of booming promise, a destination for businesses to find office buildings, cheap space, rental houses in the central area to the suburbs.
There are a few bright spots that are suitable for import-export, transportation, supply units … that is the office for rent in District 4, office for lease in Binh Thanh district, office for lease in Phu Nhuan District, Office for rent in Tan Binh district … This is an area located near the airport, port, industrial park …
Package office leasing is considered a potential segment with small companies, newly established or foreign representative offices … Coworking spaces are put into operation in many areas and received feedback. positive feedback, meeting demand in many segments. Thanks to that, bringing a diverse supply, this form of cheap office leasing in Ho Chi Minh City has many conveniences. Private office with full equipment, stationery, … At the same time, flexible lease contracts from 6 months, 1 year, 2 years … help save operating costs.

Office rentals in 2021 are relatively stable

Although the market is still active, the price in the central area is somewhat more stable than the neighboring area in Ho Chi Minh City. Supply shows signs of scarcity but due to the need to fill vacant space due to the influence of the past year, property owners have many policies to support tenants.
In general, office rental prices in Ho Chi Minh City and major cities 2021 do not change much. Companies and businesses can take this opportunity to calculate the budget and plan the most reasonable search and expansion of offices for lease. Especially, when segment A is gradually filling up in the near future.

Note to avoid renting a low-risk office in District 6

Determine the available budget: For small companies and units, you should find affordable offices with prices from 3.5 to 10 million VND / month. Conversely, offices with over 10 million VND will be more suitable for companies with a large number of employees. To rent a cheap office, you should give priority to areas such as Tan Phu district; district 10; Phu Nhuan district. Look for mini apartment buildings, dormitories …
Note on price: When you rent an office, you need to ask the owner what the rental price includes. In addition, you need to carefully understand the costs incurred when renting a cheap office in Ho Chi Minh City such as parking space, parking fee, cleaning, …
For those who decide to rent a long-term office: You need to carefully study the location to rent, the office area, the price to be suitable for a long-term lease. Ask the lessor for any deals or discounts if you rent it for a long time.
To be sure, you should thoroughly survey the district office rental area. The issues you need to check our infrastructure; electricity and water issues; traffic; security.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/prestigious-and-quality-office-for-lease-in-district-6

Read Vietnam Economy Weekly News

The legal Contract When Renting Office

It is necessary to determine that the upcoming building must fulfill the legal requirements and have a rental function, so here are the legal contracts when renting an office to note.

1. Subject to contract:

The object of the contract is the office and must have accurate data description of the floor position, length, width, area (shared and private area), equipment (if any).

2. Legal of real estate for lease:

It is necessary to determine that a building to be leased must fully fulfill the legal requirements and have a rental function under the conditions specified in the Housing Law 2014.

3. Legal status of the lessor:

Pursuant to the provisions of the Housing Law and the Real Estate Business Law, real estate transactions and business, especially real estate in social housing projects (including buildings with written rooms for lease), the lessor must be the investor. In case the lessor is not the investor but only the management company, subsidiary, or sub-leasing unit …, there must be a written authorization or lease contract that includes an entitlement clause. sublet.

4. Lease term:

Companies often do not want to permanently lease a location, but many office buildings are now not able to satisfy tenants with tenor less than a year. Therefore, the parties need to agree on a reasonable lease term for both parties, and at the same time decide the time for the move after the end of the contract next to the lease term.

5. How to calculate the rent and office area:

It is necessary to determine what prices are covered by the agreed parties and what should not be included in the different clauses.
Many leases offer common ground rent per square meter. This price can be confusing. Sometimes it includes unusable spaces, such as hallways and elevators. In that case, look at the total payable. Sometimes a slightly smaller space at a slightly higher price per square meter may be more efficient for your business, as space is more streamlined and has a higher use-value.
For a short period of time, the Tenant cannot immediately move into the new office. Therefore, to retain the rental position as well as bind to the investor, the deposit is extremely necessary. It should be noted here that the Lessee needs to consider the exact time for moving to the new office to deposit the new position. If during the deposit period, any party violates the performance of the contract, such as the Lessor leases to another person or the Lessee does not come to rent as agreed, the regulation of deposit penalty on the issuing party may apply. violation.

7. Cost and damage issues:

In addition to the fees included in the rental, the Lessor does not have to pay any fees for the lease of the Lessee’s office.
Regarding the damage issue, if the damage is caused by the structure of the office or the technical defects of the equipment including the office rent (if any), the Lessor will be responsible for repairing it. and maintenance. However, any damage arising from the Lessee’s impact during the office lease process, the Lessee must be solely responsible.

8. Transfer issue:

It is necessary to anticipate that, in the future, there may be a need for either party to transfer the Office Lease Contract with a third party. Therefore, whether the term of the assignment is accepted by the other Party and if so, what conditions should be attached (Price, lease term if any, subject, meanings obligations and responsibilities between parties…) should be clarified in the contract itself.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

CONTACT US

We offer a free consultation to support you to find a suitable Office For lease In Ho Chi Minh:

Phone: (+84) 398 716 459 – Available via Whatsapp/ Viber/ Zalo

Email: contact@lookoffice.vn

Website: https://lookoffice.vn/contact

Facebook: https://www.facebook.com/lookoffice.vn/

Office For Lease at LOOKOFFICE

source https://lookoffice.vn/the-legal-contract-when-renting-office

Read Vietnam Economy Weekly News

Experience When Renting Office in District 5

Along with the strong development of Ho Chi Minh City, over the past years, the economy in District 5 has also witnessed a remarkable development. Many companies and businesses were established in a variety of fields, making the demand for office space in District 5 increased. So how can I rent a quality, reputable office with the most preferential price? The following article will share some experiences for you on this issue.

Select offices with the right location

Currently, in District 5 there are many office rental addresses for customers to choose from. However, in order to promote efficiency and ensure a convenient working space, customers should choose the offices with the most suitable location.
Offices help employees easily move to important places in the city, located on traffic routes with fewer traffic jams and congestion. In addition, offices need to easily move to utilities such as bus stations, shopping centers, or administrative areas to facilitate the working process.

Select offices with suitable area

Each working unit that needs to rent an office usually has a different number of employees. Based on the number of employees working at the office as well as the nature of the job, units can choose to rent an office in District 5 with different areas.
You should not rent an office with too large an area because it not only affects the cost but the office is too large, which can affect the management and association between employees. However, you should not rent an office with a small area because it easily causes a sense of urgency and discomfort for the employees. This makes the productivity decrease, affecting the development of the unit.

Office for lease in District 5 has a unique and convenient design

It can be said that the design of the office is the deciding factor for the image and productivity of the staff. An office with a scientifically designed workspace will certainly help employees easily connect and increase work efficiency compared to other offices.
In addition, the office design in District 5 needs to be friendly, able to get natural wind and light to create a comfortable, fresh working atmosphere, bringing the best working efficiency. Units can rent a shared office in Ho Chi Minh City District 5 with flexible changes in design to create highlights, increase inspiration or express personality, bringing good impressions to customers.
However, in addition to the unique design, you should choose to rent convenient offices with suitable workplaces, coffee, and rest. The employees will work for a long time in modern, fully equipped offices rather than monotonous and less convenient offices.

Choose to rent an office with a preferential price

How to rent offices in District 5 with reasonable prices but with guaranteed quality? This is one of the most questioned questions by many customers today. To do this requires customers to have a detailed understanding of each office building for lease.
In addition to the price reference on the website, the units should go directly to the units to be able to authenticate, check the interior, office design carefully and meticulously. In addition to choosing a quality office with the right price, you need to make an accurate and detailed lease to limit costs incurred in the office lease process.

For Foreign companies that want to start or expand businesses and look for an office in Vietnam:

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source https://lookoffice.vn/experience-when-renting-office-in-district-5

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