View Towards Vietnam Growth  

The Vietnam bank was established on 1st April, 1963. This is the bank exclusively established for foreign trade. In the year 1990, the Vietcombank focused only on foreign trade to aim at mass market commercial bank. In the year 1996, the official name of the bank was changed. This Vietcombank possesses seven members as Board of Directors. All the share of the Vietcombank stock trades on the Stock Exchange under the tag of VCB. Along with the banking services the bank has extended its services in collective ventures and also in subsidiaries. In the year 2008, the government selected the Vietcombank to privatize and merge with the state owned companies, which raised nearly US$ 650 million, this made the government to Vietcombank to initial for public offering.

In the year 2009, the Vietcombank has been secured the title as ‘Best Vietnamese Bank' for trade and finance. The bank secured this title for two continuous years, and it included in the list of the most prestigious banks in Vietnam. The bank maintained its position for more than a half century by rendering its services in finance and international trade services. Now the Vietcombank occupies a share in the markets in loans and deposits. The bank's profits in the first six months reached more than 2 trillion, VND occupied the first place in reaching the targets among the other banks. Along with the international trade, the Vietcombank concentrated on the domestic banking, for which it was selected as the ‘Best Vietnamese Domestic Bank'. The bank also received an offer from the investor to build few constructional projects. Later the investor asked to withdraw from the project, yet the matter has to be settled.
There is a slight GDP growth rate of the city during the first term of the year, whereas the economic growth decline in the first quarter due to the drop in crude and agricultural production. Whereas the Gross Domestic product increased slightly, when compared with the earlier report. Now the economy is facing many challenges in the international market because of the drop in the prices of the crude oil. If we have a clear glance at the economy of Vietnam, there are imbalances in the economic growth. There is a slight rise in exports, whereas imports declined in the same proportion. The industrial production and Manufacturing sectors jumped higher, whereas agricultural based sectors declined because of severe drought, the growth rate has fallen down in the beginning of the year. The economic expansion of manufacturing and construction has increased the economic growth in the year 2015, The five year social economic plan of Vietnam has started focusing on the restructuring areas like banking sectors, state owned sectors and private sectors to increase the growth in the economy.
Apart from the a decline in the growth rate, in the agricultural sector , the state also wields more influence on land and capital , this has been stagnating for longer period and now the Vietnam needs more productivity growth to meet the current situations. Vietnam started boosting the international economic trade with the other countries such as Eurasian Economic, South Korea and so on. The slowdown in the economy is started with the global crisis . The ASEAN community was established to create more opportunities in the nation to initiate in the regional and global economies. The experts analyzed that the country's recent slow down in the growth was due to the merger and expansion of the provinces and also added few factors between the growth rates in the local areas as there is an absence of connectivity with domestic firms. The Vietnam economy is preparing for a change in the economy, ultimately there may be a change in the development of the economy. Let us wait and see the forecasting developments in the economy.


What Business Sectors to Start in Thailand  

Are you looking for the opportunity to make a business abroad? Then Thailand might be a good destination to choose. In Thailand, you can make a small business easily. But the important part of it is you have to do the analyzing with your opportunity about how your small business will grow bigger and last for a long term. Here are the lists of top ten business opportunity you can make in Thailand.
People in Thailand are getting busy with their daily activities, so they might have needed a fast preparing food and also, to take away. You can open a fast food restaurant to satisfy the need. Instead of local people, you will also find the tourists, because Thailand, as a tourism destination, have a high demand to travel into, so foreign food also is a good choice to take profit with.
There's a high demand for jewelry products in Thailand, and it becomes one most profitable sector. You might want to start small jewelry business by doing the import things and selling them there.
Web Design
Online marketing in Thailand has grown rapidly as in another area of Asia Pacific, due to the high demand of selling products online, so you might grow your own business too in this sector, especially if you are good with designing websites. You can crave a lot of money on it.
Real Estate
This huge business always becomes one of the most successful business everywhere, as long as human living there. For a start, you can be a selling agent of real estate business. Yes, it is profitable, and the best part is, you don't need a lot of money to become an agent.
Tech Products
It is including the smart phone, digital camera, Notebook, tablets, etc. Thailand has sold abundantly of this product every day. If you have a modality for this, no doubt, get yourself into it.
Automobile and machinery
There's just a few industries have moved on this sector. If you have the ability on repairing a car or selling them as an agent, you will make a lot of profit.
Healthcare services
Thailand people has been increasing their demand in this sector since they health awareness also increasing. Practitioners are in need these days.
Freelance Writing
Related to the increasing web design as mentioned before, writing for a blog, or an article, or business proposal is also demanding sector. You can work it from home as a freelancer, behind your computer.
This business is old, but not perishable. Everybody needs food from the farm; vegetables, fruit, meat, poultry, mention it. You can start small with small poultry or farm, and grow it into a bigger farm for next purpose.
Garment and Textile
They produce and sell tons of it, inside and outside of the country. This is a promising and well-growing business on Thailand. The investor has given a lot of their infestations in this sector. You might want to try selling or importing from Thailand, due to the low cost they have.
There's still a lot of sectors to dig into, but this ten opportunity might be promising, and has been tested are on a high demand. You have to decide what sector you want to be in your business, according to your ability and analyzing the market before you really run on it.


Strive To Drive The Life  

Indian Prime Minister, Narendra Modi recently bet big with currency move to tackle corruption, scrapping its 500 rupee and 1,000 rupee notes accounting for about 86% of cash in circulation. The immediate effect was a cash crunch and restrictions on withdrawal of cash from banks & ATMs. There are big opportunities for FinTech & digital payments with startups like PayTM reporting 10 million new customers in the last 3 weeks. Narendra Modi also just announced the Bharat Interface for Money (BHIM) app now with over 100k downloads in first few days.
Are you dynamic? You want to aspire a small business in your budget, just spare few minutes at our website to know the few business strategies which help you to start a small business with low investment. For business flashpoint, India is in the second place after China in small scale industrial establishments. Everyone likes to earn money and do business by their own, but many need proper channel, to step into the field. Here are the few steps, read them and start a small business to earn huge amounts.
How To Start A Small Business In India Successfully for 2017?
Select the proper Industry according to your interest, and do some research, where you want to build your business. There are many thriving industries where there are many opportunities available for you to strengthen your business. In a country like India, nobody can analyze that if any, business which succeeds in one region may not succeed in another region. So selecting the right business and starting at the right time is the first step for your success. At inception, prepare a business plan, and include all business strategies in your plan, which saves your time, energy and money and works wonders after you start implementing it. After drafting your business plan, you have to register your business with the Ministry of Corporate Affairs, India, which is the right channel to register your business in India. Basically, there are four companies to register a new business in India. You can choose any company to register, and to strengthen your business, you have to join in the professional networks, with their support you can build your business network. As a member of the professional network, you can struggle and learn business techniques and benefits to gain in the new business field. As technology is increasing day by day, immediately after registering your company you have to create a website for your own business. It benefits both customers and the owners to trade online. Always remember to pay your tax on time for smooth running of the business. At your convenience, to pay your tax you can approach to the Central Revenue Collection firms in your locality to inquire about your tax payment.
Some Important Business Opportunities in India with Low Investment:
Now a day, even in small villages also there are educational institutions, so starting a stationary shop, is the best business with low investment. One can start this business without having any educational knowledge also. There are special occasions round the year. Designing and preparing Greeting Cards, is one of the best options for people who have an interest in designing. There are hundreds of websites to help the people to prepare Greeting Cards with different patterns and attractive designs. If you are good at preparing fast foods, then why don't you start a Fast Food Restaurant, by which you can earn regular income. Many people usually opt for used goods, which suits their budget. This is the best business where you can purchase and sell the used goods in the online market.
While doing your business, you must be aware of few challenges. Labor contracts play an important role in the business. The Indian law, offers a labor contract to benefit their employees. There are three contracts. Fixed, Permanent and Temporary contracts. So a new business person must pay special attention towards the Industrial Disputes Act, by which the employee is fully protected related to their work, holidays, wages and other terms and conditions. A new business should also consider transfer pricing. All international transactions are to be evaluated with the ‘arm's length principle, where there is a need for the related customers to pay the audit fee if the transaction exceeds 150 INR million. As we go into 2017 the current exchange rate is 1 USD = 67.8233 INR
Plan your business and keeping few facts in mind, You can start and strengthen your business in India, and can earn relevant returns.


Asian Economy  

China GDP of $20,853,331 is ranked number 1 in 2016 GDP (PPP) billions of USD. Yes that's ahead of the US with $18,558,129.
China is fully recognized as one of the top economies of the world. They are at this position while their economy continues to ascend. It will only be a matter of time before this country becomes the country with the best economy worldwide. Yes Trump wants to make America Great again but actually America was already doing pretty amazing under Obama.
The steady growth of Chinas economy has impacted the financial decisions of some country. The United States of America reconsidered an increase in the federal reserves' rates. There was concern about the financial global market and its volatility due to the prediction of some emerging and fast growing economies. Now we still are waiting for the Feds to change the rate in December.
Asia is comprised of some of the fastest growing economies in the world. It also has one of the biggest economies in the world and this is thanks to countries like China, Japan, the ASEAN countries South Korea and India. The economy of the region will become the number one in the next couple of years. It is no question that the strength of the Asian economy is due to the growth of the individual countries that makes up the region. The growth of the Asian economy might pose problems however, if certain risks are not addressed cautiously.
The economy of the region is the strength behind the influential powers Asia now boasts. In the nineteen nineties, the region's share in the GDP of the world was below a twenty five percent. This has significantly changed as the share of the region was almost up to forty percent by the year 2014. This is of a higher value than that of the United States and of Europe. Asia's share is expected to reach approximately fifty percent within a decade if the growth of key country in the region continues to trend in their current manner.
It is predicted that Japan's share in Asia's GDP will continue to decline while China's will continue to increase. Japan is now 4th in 2016 at $4,901,102 GDP. China's share in the GDP of the region doubled during a period dating from nineteen ninety to two thousand and fourteen whilst Japan's did the complete opposite. The countries of Asia as made the region somewhat of a factory for the countries of the western world. China has only recently started to make its present felt in terms of providing the west with products. The first couple of Asian countries that acted as factories for the west includes, Japan, Singapore, South Korea and Taiwan. Most of the success of Asian economies can be accredited to global value chains and the movements within. The Trade in Value Added database of the Organization of Economic Cooperation and Development have indicated that that Asian countries have integrated on a higher level with global value chains which increase the trade, investment and development on a global scale.
The rapid growth of the Asian economy have made the production links of the region very strong. This in turn as made it possible for the region to provide an even larger market for firms worldwide. The role that Asia has played in the global demand will continue to increase along with the rise in its affluence. The Asian market will look more appealing with the increase of integration within Asia itself along with trade agreements with growth centers of the world. The region itself has also benefited from its contribution to the world's supply and demand. Asian companies have gotten plenty recognition on a global scale thanks to the links to GVCs. Many of Asia's have been named on the list of fortune five hundred companies of the world.
Asia is currently the number one consumer of liquid fuels and petroleum and this is according to the US Energy Information Administration. The US is no more the driving force behind the price of oil. Current Crude Oil & Natural Gas price is around USD/bbl $45. The greatest influence on the commodity market current is Asia, hands down. The demand of the Asian region has impacted many countries especially those that produce commodities. These countries have to supply the demand of Asian countries now along with the demand of the western world as well. The increase in the Asian demand has open a door for investors to invest in the rich resource economy of countries such as Africa and Latin America. Many investors are now opting to boycott the markets of the western world for the Asian growth centers.


Business Opportunities in Hong Kong  

10 Perfect Business Opportunities in the capitalism country Hong Kong
This article attempts to enlighten wannabe entrepreneurs who have not a single clue as to which business industry to venture into. This article will present several potential profitable businesses for future businessmen to get their hands dirty. Hong Kong has a well-known reputation for being business friendly. Its tax policies are very favorable and competitive. Its labor force is highly skilled and it is becoming a popular business hub for European and American companies. There are many businesses that you are able to launch from ground up and this article zooms in on the 10 hottest opportunities for the daring ones to seize right now.


Top in the starting list is manufacturing. Hong Kong is the production center for any goods but with particular focus in electronics. Electronics are key components for everyday living and home based electronics are good starting points to consider manufacturing such as television sets or home theatre systems complete with speakers and remote controller. There are many companies that perform contract OEM services which you can take advantage by buying in small amounts. Electronics are hot items on E-commerce websites such as Alibaba. Quality goods must be offered in these platforms. Next manufacturing items to consider are clothings, apparel, accessories and bags. Fashion accessories are part of Hong Kong citizens favorite topics and they are very high in demand. Unique brands can be slapped on the labels for materials sourced from OEM services. Besides clothings, toys are also good items for sale where parents will not hesitate to splurge for their kids. Another segment to explore is mobile phone accessories where items can be sold in huge quantities since everybody owns a smartphone nowadays.
Next business venture to explore is being a product sourcing middleman or agent. Many people look towards Hong Kong for cheap merchandise as it is known to have quality items on wholesale prices. They may have difficulty navigating the language barrier and overcoming distance issue. Most rely on Internet for sourcing merchandise but many are wary of scammers lurking on the e-commerce sites. One value adding service you can offer is by starting up a company solely for product sourcing. Ensure that a professional looking website is available on the Internet which has clear business solutions description for your customers. You can then earn fees and commissions by helping to purchase as product delivery is guaranteed. Proceed further on getting clients by using e-commerce sites and engage lead generation enterprises. English would be the main medium of communication and it is important to have a strong command on the language.
The next business idea one can venture into is being a business consultant. Many established foreign companies are looking to set up branch in Hong Kong. You can then provide business advice on the various legal requirements and documentation for launching a company. You will provide full suite of business advice on rental, licensing, registration and sourcing for employees. You can become a key partner in growing their business. Another good idea is to launch a call center. It is one of the businesses that require low start-up capital. Virtual Call agency center is gaining traction for its low cost model and many foreign companies are looking to outsource their customer service function to countries with a cost advantage. All you need are stable internet connection, phone lines, computers and employees able to converse in fluent English. You can consider hiring staffs with other different language skills in order to serve clients from other countries effectively. Freelancing websites are the best source to get SME clients.
Next up is travel agency. You can act as a dedicated travel portal for travellers wanting to tour Hong Kong for leisure of business purpose. There are many facets of travel service that you can arrange ie hotel reservations, tour packages, transport service, arranging for tour guides and many more. Customer will return for your services if their stay is comfortable and well planned. Next on the list is becoming a freight forwarder. You can provide shipping services for customers looking to buy goods in Hong Kong. Shipping service is high on demand especially if the service is reliable and on time.
Next in line is becoming an E-Bay retailer. Many made a good living setting up shop on E-bay. It is low cost and low risk business with potential high returns and you can sell any items you fancy as long as there is a sustainable market. Another business venture require technical programming skills which is to become a mobile app developer. It is the next growth industry with more widespread smartphone adoption. You can outsource the technical bits to freelancers that will turn your idea into reality and start making money off the apps. Next up on the business idea list is becoming a shipping agent. Clearing agents assist companies to go through Hong Kong customs regularly for materials sourced from foreign countries. Last but not least, you can consider dabbling in furniture making or remodeling. Old furnitures can be remade and resell in the open market.


Entering the South Korean market  
It should surprise nobody to find more and more investment is being made by western businesses in the South Korean economy. If you are planning on expanding into South Korean, then you must understand some of the key rules of etiquette that govern much of the business interactions that take place there. This is particularly essential for anybody travelling there on business, as it could be the difference between a warm welcome and a hostile reception for you and your company.
This guide will give you the major things to remember when you do business in Seoul, Busan, Incheon or any other major Korean business centre.
Confucian concepts of etiquette
Though it might sound strange to foreign ears, Confucius is a major influence on how Koreans do business. Central to his theories was the hierarchy of age, and the importance of authority and education. This means any business relationship will be founded upon a respect that always goes upwards to the eldest, the best educated and the most authoritative member of the party. A Korean business person will want to know many facts about you that you might think entirely superfluous to your ability to get the job done, such as your marital status, age and educational grades. For them, however, this information is crucial, as it will dictate how they should treat you.
Close relationships are important
Koreans don't like to do business with strangers. Until they really feel as if they know you, they will not be comfortable sharing important company data or introducing you to their circle of contacts. This can be frustrating for somebody who comes from a faster moving, more results-driven business environment, but it is the way things are. Expect plenty of non-business related small talk before anybody will get down to the nitty-gritty with you. You have to have the patience, respect and charm to build long lasting connections if you want to get ahead.
Bonding outside of the boardroom
The best way to get to know the people that you wish to do business with is to socialise, away from the office. Drinking and eating are a big part of how South Korean business flows, though don't expect to talk shop at the dinner table. These informal occasions are ways for the different parties to get to know one another personally not to hash out contracts and deals.
Meeting times
Unlike many other Asian cultures, the South Koreans put an onus on punctuality in business. This does not mean being early, however. Rather, it means arriving precisely on time or just a few minutes before a meeting. Arrive very early and the person you are meeting may feel you are putting pressure on their schedule. Arrive late and you will have offended their sense of respect and hierarchy. Business cards might be somewhat out of fashion in some western countries, but they are a big part of how the Korean business person gets to know the person they are meeting, so make sure you have a good one and it gives plenty of information about your position and title. You might even consider adding some Korean text.
The Bow and the Handshake
If you meet somebody who is your senior, it is customary for you to initiate the bow. Bend from your waist at about a 40 degree angle. They will respond with a smaller bow. When shaking hands, it is considered respectful to do so with both hands, not just one.
How to do business in India  

Are you looking to expand your business connections to India or are you planning on travelling there for work? Then you should make sure you understand the environment you are about to enter. Indian business is fast moving and, though at first it may seem quite westernised, there are very important differences to which you need to pay attention. Here are some of the basics. 
Things take time
India, like France, is one of those places where people like to take their time. Don't assume, just because things take a day or a week in London, New York or Hong Kong, that the same things will take the same time here. Business moves slower in India, so be patient.
Be prepared to travel
Business in India is not really confined to a single city. Though Deli and Mumbai are probably the biggest business centres, if you truly want to conquer the Indian market, you will need to spread out. From Deli airport you can be just about anywhere in two hours and that is really key: the Indian business person travels.
Be more flexible than 9-5
In India people might say they work 9-5 but, in truth, things are a bit more fluid than that. People like to take long meetings over breakfast so, in reality, things rarely get going until about 10.30am or 11am. This also means, of course, that things frequently run on late in the evening.
In fact, be flexible full stop
Last minute changes are part and parcel of Indian business. If a meeting is scheduled for 12pm, it might well not actually kick off until close to 1 or it might even be chopped at the last minute and rescheduled for tomorrow. This goes for lunches, dinners and any other kind of appointment you could make.
Check any important date against the religious holidays
Given its incredible cultural diversity, it should come as no surprise that India has a very large number of religious holidays on its calendar, most of which are widely observed by state and local government. So, if you are scheduling a very important date, ensure you are not doing so on a sacred day that might sink the whole enterprise.
Get used to a different type of formality
One of the key culture shocks western business people encounter when they come to India to work is how both a very high and very low level of formality is expected to be upheld simultaneously. On one hand, politeness is premium and most Indian business people prefer not to be referred to informally until they know and trust you well. However, if somebody's phone goes off during a meeting or private conversation, nobody bats an eyelid if they answer it right in front of whoever is speaking. You simply need to get used to it.
Inter-gender handshakes don't really happen
It is still very rare for a man and woman to shake hands in India. If you are male and are introduced to a woman, wait to see if she extends her hand before shaking. Otherwise, you are better off keeping your distance to avoid a faux pas.

The automotive industry in Japan  

One of the most powerful batteries that charges the Japanese economy is its automotive industry. Not only is Japanese car manufacturing an integral cog in its home country, however. It is also one of the most prominent industries on the planet. Though it might not be quite at the height of its 1990s heyday, when Japan overtook the US as the world's largest car manufacturing nations, it remains an extraordinarily large market, now sitting in third position behind China and the States, in those rankings.
Here, we look at three of the main players in this consistently booming industry.
Based in the Hiroshima Prefecture, Mazda has been in business since the 1920s. Though it was originally established to manufacture machine tools, it switched in the early 30s to vehicles. In the 1960s Mazda concentrated its manufacturing efforts on the development of the Wankei rotary engine, as it felt this would mark it out from the rest of the companies in this oversubscribed industry. This, alongside key partnerships with German company NSU and Italian company Fiat and superb automobiles such as the Mazda Cosmo Sport and Mazda RX-7, saw it quickly become one of the world's best known brands.
Today, Mazda remains amongst the elite car manufacturers worldwide and is a giant of Japanese industry, with a net income of 60 billion yen and an operating income of 23.8 billion yen. In fact, it is the 15th biggest automaker in the world. In 2007, it produced about 1.3 million vehicles globally, most of which were made in Japan.
For years, Honda's name has been synonymous worldwide with high quality vehicles, most particularly motorbikes. In fact, since the late 50s, it has been the largest bike manufacturer on the planet. It also tops the charts for the production of internal combustion engines, with 14 million produced every year. The second largest of all Japanese automotive companies, it has its home in Tokyo, where it is chaired by Fumihiko Ike and run by President Takanobu Ito.
Honda's proclivity for coming first can be seen in action throughout its history. For example, it was the first Japanese company to release a dedicated luxury brand, when it put the Acura line into production back in 1986. Since that time, Acura cars have established themselves as being amongst the world's best high performance vehicles. With a net income of 574 billion yen and an operating income of 750 billion yen, Honda is still quite clearly an industry colossus.
The 16th biggest automaker worldwide by production, Mitsubishi has been headquartered in Tokyo since the early 70s. It specialises in both luxury cars and commercial vehicles, and has a 99 billion yen net income and a workforce of 30,777. Its major players are chairman Takashi Nishioka and president Osamu Masuko. Though it suffered somewhat during the last decade thanks to a 22 billion yen operating loss that lead it to end its European production, it remains one of the world's most recognisable brands, due in some small part to its heavy presence in motorsport.


The top 6 industries in India  

Given that it is the ninth largest economy in the world, it is unsurprising to find an increasingly large number of western companies and market players looking to get involved in Indian business. The first step in this process is to understand how the country's economy works. This article can help as here we list the top 6 most important industries in India. If you want to start investing in the Indian market, consider the following information.
6. Transportation
Large and expanding, India's transportation sector hugely important to its overall GDP, contributing 8.5% overall. The country houses one of the world's largest railways, with 17 million passengers riding it every single day, while 12 majors ports and 125 airports reflect just how essential this market is for making the country tick.
5. Information Technology
Between the IT services sector and the sector of processes outsourced from other businesses, IT makes up a huge chunk of the business done in India. In fact, so important is it, that it currently contributes 64% of all the GDP made in the country's entire services sector and 9% of the national GDP. Also, IT exports account for 25% of all national exports. For those interested in getting involved, the main hub for IT is Bangalore, which has been dubbed the Indian Silicon Valley.
4. Banks and insurance
India's financial markets are also massively influential, with insurance and banking currently make up 10% of India's GDP. The sector is made up of long established private, public and foreign owned banks, insurance providers and unorganised lenders.
3. Real estate
Not only does Indian real estate make up about 13% of its country's economy, it is one of the fastest emerging markets on the planet. This means, if you are looking to invest in the Indian market, real estate is probably where you will look. It's doesn't take a rocket scientist to figure out why this industry is booming. The nation's massive population, most of whom now live in urban areas, have recently seen a huge boost in their incomes and, so, more and more housing is an obvious outcome.
2. Agriculture
Traditionally, agriculture is the bedrock of the Indian economy and, today, it remains a huge percentage of it. As the world's second largest producer of farmed goods, plus a powerful hub for fishing and forestry, it is little wonder India still puts so much focus on agriculture. It contributes 15.7% of the national GDP and has been aided by the recent Green Revolution in the country, though in recent years its share has been dropping.
1. Retail and trade
Nowadays, India's most important industry is retail. With a 23% contribution to the Gross Domestic Product of the nation, Indian retail is one of the globe's leading retail sectors and its fastest growing. It includes everything from the handcart vendors in the nation's smallest markets to the massive superstores in its busiest city centres. The government has responded by investing more and more in retail, which looks likely to ensure it remains the country's most important industry for many years to come.


Business in Indonesian market  

Given that it plays host to the largest economy in Southeast Asia and has been one of the world's most rapidly emerging markets for the last few years, it doesn't take an expert to figure out why more and more western businesses are now investing in Indonesia. If you are planning to follow them, then it is worth preparing yourself. Though it is a very modern business environment, there are certain differences to keep in mind. Here are a few of the most essential ones.
• If you have done business in Asia before, you will recognise the unshakeable respect for hierarchy and structure common in Indonesian companies. It is uncommon to find a business here that will be willing to adapt to the recent trend in corporate Europe and America for breaking down the barriers between the bosses and the subordinates. So, if you want to get in contact with the CEO of an Indonesian business, it should be your CEO who makes the call or sends the email, not one of your middle managers.
• Again, like many other Asian business environments, trust is not easily won in Indonesia and, until it is, you will find yourself kept out of your contacts business inner circle. Once you show yourself to be a worthwhile ally (and this will always take time and perseverance), you will find many doors suddenly opened to you. Expect thick layers of bureaucracy when you first enter the Indonesian market.
• Though the first two points might sound terribly one-sided to some, this belief in hierarchy is not all about massaging the egos of those at the top. In fact, Indonesian bosses are expected to take their role as both leader of the company and father-figure to their subordinates very seriously. A boss who does not have a close, personable relationship with his or her charges is not seen as doing their job properly. Yet this relationship is always based on understanding of the pecking order.
• There are two types of business decisions made in Indonesia. The first comes from the boss and, once it is made, it is not up for discussion. Ever. The second is made between colleagues working at the same level and this is a process that many western business people may find frustrating. A group of peers hashing out a conclusion to even the most minor of issues can easily take much of the day, as nobody will be comfortable moving on until all sides have been given a microscopically fair hearing and a true compromise has been reached. This is simply the way things are done and it is crucial to the philosophies of respect that are so essential to Indonesian business culture.
• Meetings are always formal, serious occasions and should be treated as such by all sides. To begin, business cards should be exchanged. This should happen before the delegates get down to brass tacks. Your business card will only be respected if it contains as much information as possible on it. Throughout the meeting formal body language and formal terminology should be used, regardless of where the conversation turns. Despite this formality, do not expect the meeting to start on time or end on time. As with many other Asian business cultures, time is seen as a somewhat fluid concept in Indonesia.


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