Vietnam and China

Vietnam is affected by China a lot from 2000 years ago until now. When I came here, I felt like in a southwest province of China, not like in a foreign country.
Vietnam doesn’t have a full industry system, so a lot of materials have to be imported. They import a lot from China. For example, about 80% of the building materials are imported from China.

The biggest difference of China and Vietnam is the land ownership. It is private owned in Vietnam. And it is said after years of the war, the government divided the land equally between the citizens. Each house covers a place about 5M X 10M square. Now almost all the citizens build a three story villa and open a small store on the ground floor. Wherever you go in the cities, you will find the seem-endlessly store street.

So I believe this feature brings two ways to do business in Vietnam. One way is to do wholesale, because there are so many stores, it is not difficult to find your customers at all. Second way is to build a big supermarket, and then you will have a big advantage over the small stores.