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Showing posts with label Nurul. Show all posts
Showing posts with label Nurul. Show all posts

Friday, 2 December 2011

THAILAND


by Nurul

Country Background
  • Terrain: Densely populated central plain; northeastern plateau; mountain range in the west; southern isthmus joins the land mass with Malaysia.
  • Climate: Tropical monsoon.
Main Challenges
  • The major challenge for Thailand is political stabilization. The supporters seek to resolve growing political and economic problems.
Major Opportunities
  • Emphasis on 10 sectors which constitute 85% of Thai-land’s export value:
    • food and rice,
    • textiles, garments and jewellery
    • electronics and electrical appliances
    • construction materials
    • plastic and plastic products
    • automobiles and parts
    • rubber products
    • unique Thai products such as Thai “Hom Mali” rice, silk, orchids, spas and restaurants
    • cosmetics and pharmaceutical product
    • printing
Doing Business in Thailand
  • Apply for permission to use company name
  • Deposit paid-in capital in a bank
  • Obtain a corporate seal
  • Get approval for memorandum of association and apply to register the company as a legal entity (final registration) at the Private Limited Companies Registrar.
  • Submit company work regulations to the Office of Labor Protection and Welfare of the Ministry of Labor at the district where the head office of the company is located
Using an agent/distributor
  • Importer must obtain licenses for products such as foodstuffs, certain pharmaceuticals and chemicals. It is the responsibility of the local agent or distributors to apply necessary licenses.
Establishing an office
  • Majority foreign corporation operating in Thailand do thorough private limited liability companies.
Selling to the government
  • Successful bidding on Thai government contract and supply tenders is to have a reputable local representative with good access to the procuring agency and knowledge of specific requirement
Joint ventures/licensing
  • Many Thai firm, actively seeking U.S, joint venture can bring technical, marketing and management skills to a business relationship.
  • In return, Thai firm offers assets, valuable local vendor and government contract and establish business relationship throughout the region.
Distribution & sales channels
  • wide range of teleport and satellite transponder services to Thai and international television stations
  • Thaicom global beam allows the customers to re-broadcast their television programs up to 120 countries in four continents, Asia, Europe, Australia and Africa.
Electronic commerce
  • social behavior and national culture, more specifically issues pertaining to trust and shopping behavior, were the major influences for the success of e-commerce in Thailand
Openness to foreign investment
  • Thailand’s rules governing foreign business land leasing/ownership are mixed compared with other nations.  While it takes less time on average to lease private land in Thailand, ownership rights available to foreign businesses are weaker and it is somewhat more difficult to access land information.
Right to private ownership & establishment
  • They may transfer shares of a foreign-invested company without prior government approval.
  • However, the business law requires that all stake holders be listed in the articles of association and changes in the articles of association of a foreign company must be approved by DDFI-CPI.
    business customs
  • This prefer to build relationships before conducting business. Therefore, it will be likely that several meetings will take place. Discussing business before establishing relations is impolite. Often, issues will need to be discussed repeatedly and at many levels before decisions are made.
  • Body language is important in Thai communication and respect and politeness should always be shown. Sit nicely and do not lounge in the chair. Saying no directly is considered impolite and Thais generally will never do so. Being receptive to subtle body language and indirect replies will help to avoid confusion and misunderstandings.
  • Appointments for meetings should be made well in advance. It is a good idea to confirm the details of the meeting the day before. Arriving on time shows respect, although Thais often have a more relaxed view of time than is common in the west. Information concerning the agenda, the companies represented and the persons in attendance should be sent in advance. This will help Thai members prepare accordingly by knowing the hierarchy of the group. To avoid confusion and misunderstandings, written material, including business cards, should be provided in Thai and English. Business cards are generally exchanged after the greetings. A business card should be offered with the right hand. Take time to read the card and make a polite comment about it.
  • Business dress is conservative. Suits should be dark or mute coloured. If skirts are worn, they should be knee-length or longer. The shoulders should always be covered. Smart shoes, and socks without holes are essential in case the shoes are to be removed.

Local time, business hours, & holidays
  • local time = minus 1hours from Malaysia
  • business hours = 9.00 a.m-4.30 pm. Lunch is from midday to 1.00 p.m.
  • holidays
Fact facts
Population
67.0 million
Capital
Bangkok (population 9,668,854)
Area
Nakhon Pathom
Ethnic Group
Akha, Bru, Cham, Chinese,Chong,Hmong, Karen
Religious
Buddhist 93%-94%,
Muslim 5%-6%,
Christian 1%,
Hindu, Brahmin, other.
Major Language
Thai (official language); English is the second language
 of the elite; Malay and regional languages and dialects.
Monetary Unit (Currency)
Bath
Major Industries
tourism, textiles and garments, agricultural processing,
beverages, tobacco, cement, light manufacturing such
as jewelry and electric appliances, computers and parts,
integrated circuits, furniture, plastics, automobiles
and automotive parts; world’s second-largest tungsten
producer and third-largest tin producer
Major Export
Machinery,Electrical machinery and equipment
Vehicles ,Rubber ,Mineral fuel oil wax
Plastics
Major Import
Mineral fuel oil wax,Electrical machinery and equipment
Machinery,Precious stone and metals,Iron and steels,vehicles
GDP (Gross domestic product) – in USD
$317 billion
GDP per capita (in USD)
$4,716.

Source: 
http://www.state.gov/r/pa/ei/bgn/2814.htm
Posted by stellargames at 05:47
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INDIA


by Nurul


Country Background
  • Terrain: Varies from Himalayas to flat river valleys and deserts in the west.
  •  Climate: Alpine to temperate to subtropical monsoon.
Main Challenges
  •   Attitudes towards Authority
  •  Concepts of Time
  • Adherence to Rules
  •   Building Relationships
  •  Levels of English
  • Communication Style
Major Opportunities
  • Machine tool industry, as well as the fastener and fixing industry, India is a major growth market which offers outstanding opportunities.
  • Automotive industry and its suppliers, the construction, telecoms, petro chemicals, energy supply, home electronics and white goods industries have benefited from this positive trend.

Doing Business in India
  • The total wealth of India has tripled in a decade to $3.5 trillion and is expected to double again in the next 5 years
  • The urban-household income would top $4 trillion in next 20 years
  • India is expected to invest $1.2 trillion on its infrastructure over next 2 decades
  • By 2020, additional 800 universities and 35,000+ colleges are required to enable the targeted 46 million children to avail college education
  • The US exports to India doubled between 2005 and 2009 to 16.5 billon and increased by 20 percent through the first seven months of 2010

Using an agent/distributor
  • Producer-Customer
  • Producer-Retailer-Customer
  • Producer-Wholesaler-Retailer-Customer
  • Producer-Agent-Wholesaler-Retailer-Customer
Establishing an office
  • Residential Status
  • Permitted Activities
  • Procedure for setting up the office
  • Procedural requirement
  • Opening of a bank account
  • Remittance of profit or surplus
Selling to the government
  • Avoid the common mistakes Western firms make doing business in India
  • Improve business relationships and communications through a better understanding of the management culture of Indian organizations
  • Manage risk by learning how to evaluate the risks and rewards of doing business in India
  • Increase business opportunities by learning how to scan for important trends in Indian society
  • Reduce costs and risk by identifying Indian regulations that will affect how you do business
  • Increase your effectiveness in communicating with multi-cultural and virtual work teams
Joint ventures/licensing
  • A foreign company authorizes an Indian company to use its strong brand name, to produce a certain product.
  • The overseas company charges a license fee, for sharing its brand name, patents or copyrights.
  • Foreign company ensures an immediate access to the Indian market at a lower price.
  • Foreign company does not have any control over the distribution, sales and image of the product in the Indian market.

Distribution & sales channels
  • Downward flow of goods from producers to consumers
  • Upward flow of cash payments for goods from consumers to producers
  • Upward flow of cash payments for goods from consumers to producers

Electronic commerce
  • E-commerce has grown significantly in the past decade meaning that the actual base of an operation can be anywhere provided the infrastructure and resources are available
Openness to foreign investment
  • Post-independence scenario
  • New policies
  • Hassles earlier
  • Constraints: too many
Local time, business hours, & holidays


Fact facts
Population
1.17 billion
Capital
New Delhi (pop. 12.8 million)
Area
Agra
Ethnic Group
Indo-Aryan 72%, Dravidian 25%, others 3%
Religious
Hindu 80.5%; Muslim 13.4%; Christian 2.3%;
Sikh 1.9%; other groups including Buddhist,
Jain, Parsi within 1.8%; unspecified 0.1%.
Major Language
Hindi, English, and 16 other official languages.
Monetary Unit (Currency)
rupee
Major Industries
Textiles, Jute, processed food, Steel, Machinery
 transport equipment, Cement, Aluminum
 Fertilizers, Mining, Petroleum, Chemicals
Computer software.
Major Export
engineering goods, petroleum products, precious stones
 cotton apparel and fabrics, gems and jewelry
 Handicrafts, tea
Major Import
 Garment, Food, Furniture, Textile, Electronic
GDP (Gross domestic product) - in USD
$1.095 trillion.
GDP per capita (in USD)
$3,100.


Source: 
http://www.state.gov/r/pa/ei/bgn/3454.htm
Posted by stellargames at 04:58
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