Joint venture licenses could take years to acquire from the Vietnamese State Committee for Cooperation and Investment, as well as from various other local agencies. Vietnamese joint venture partners grabbed what they could and ran from the Truong Son Mountains. If MFN happens too quickly, there are going to be a lot of cherry bozos coming in here and throwing wrenches into the spokes we've taken years to connect to the wheels of this country. And a lot of interest is based on government promises of speedier reforms. We've been in place a long time and we're poised to make a killing here.
Timing is everything.
If MFN happens too quickly, there are going to be a lot of cherry bozos coming in here and throwing wrenches into the spokes we've taken years to connect to the wheels of this country. Regardless, if MFN is ratified, the trade pact will open Vietnam's protected markets in return for lower tariffs on its exports. Companies need to study the legal framework of each specific field they want to invest in. Feasibility studies must be prepared as well as a list of potential local partners. The foreign investor and the local partner should compose feasibility research jointly.