My firm is considering doing a deal with a guy in Vietnam who's
nickname is Muoi. His real name is Truong Nhat Quang. I need
information on this guy's credibility and reputation as part of our
due diligence, but haven't been able to find much in English. I'm
suspicious of him becuase he's reported to "run south vietnam" (he has
a lot of power) but is not a formal member of the government at all.
We've been assured there is no corruption associated with him, but
this "assurance" has come from a source with major conficts of
interest.
Here is what I know about the guy so far:
Muoi is director of the Civil Engineering Cons. and Inv. Company No.
568 (CECICO 568)
? Phone: 08-8266246
? Address: 65-67 Doan Nh? Hai-Ward 12 - District 4 -Ho Chi Minh city
CECICO 568 is a ?financial subsidiary? of Civil Engineering
Construction Corporation No. 5 (CIENCO5). Their information:
? http://www.cienco5.com/
? Add: 77 Nguyen Du - Da Nang city
? Tel: (0511)894414 -894415
? Fax: 0511.894420
? Email: cienco5@dng.vnn.vn
(I have revenue info for the parent company, too).
My question: can you give me any insight into his credibility?
Specifically, have there been media reports that raise suspicion
and/or "confirm" honesty? Have any businesses, in the USA or abroad,
had any possitive/negative business experiences with this guy? What
do governments have to say about him along these lines?
Please note: I am not asking you to digu up private info on the
guy...just anything public that will help me report our CEO whether or
not we should trust the guy enough to do a multi-million dollar deal
with him...essentially a background check. |
Request for Question Clarification by
pafalafa-ga
on
26 Jan 2005 11:09 PST
coastline0-ga,
I'm sure I'm asking the obvious here, but has Muoi giving you any
business references outside of Vietnam -- other companies in the US or
elsewhere that he's worked with?
That certainly seems the first place to start....
|
Request for Question Clarification by
pafalafa-ga
on
26 Jan 2005 11:27 PST
One other question...Have you seen the guide to doing business in
Vietnam preapred by the US government? It is chock full of detailed
information and contacts that can assist you in your due diligence.
For instance, one section notes:
-----
While 100 percent foreign invested enterprises are becoming more
numerous, the majority of foreign companies operating in Vietnam have
chosen to partner with local firms. One way to locate Vietnamese
partners is to contact local chambers of commerce and industry
associations. The major chamber of commerce for Vietnamese
enterprises is the Vietnam Chamber of Commerce and Industry (VCCI),
headquartered in Hanoi with branches throughout Vietnam, including Ho
Chi Minh City, Danang, Hai Phong, Vung Tau, Can Tho, and Vinh. VCCI
members include SOE?s, joint-stock companies, and private firms of all
sizes in many sectors. In Ho Chi Minh City, the Investment & Trade
Promotion Center (ITPC) can also make introductions to prospective
partners. Another channel for finding a local partner is through
local industry associations, since most key industries in Vietnam have
formed associations. A number of private consultant companies have
also developed matching services. Additionally, a very effective
means for finding a local partner is to utilize the Gold Key Matching
Service and/or International Partner Search of the offices of the U.S.
Commercial Service in Hanoi and Ho Chi Minh City.
-----
They also list a lot of valuable contacts, such as these guys:
WHITE & CASE (LAW FIRM)
Managing Partner: Mr. Dang Khai Minh
59A Ly Thai To, Suite 601
Hanoi, Vietnam
Tel: (84-4) 934-5410
Fax: (84-4) 934-5412
Email: wchcmc@fmail.vnn.vn
==========
If you're contemplating a multi-million dollar deal, it certainly pays
to hire someone locally who can conduct a much more thorough DD than
we can at a distance.
Should I post information about the Vietnam report and related
resources as an answer to your question?
Let me know.
paf
|
Clarification of Question by
coastline0-ga
on
26 Jan 2005 13:36 PST
The firm that approached us on this deal is Omni Ventures in Lafayette
Colorado. Other than that I have no references I can send you.
And to your second question: no, I have not seen this guide... If you
could include the link to it in your report, that would be helpful.
And to your final question: I'm not sure I understand it. Does
"post" mean make public? If it's possible, I'd like to keep your
report confidential as our patners may be offended if they find out we
are doing this.
Thanks.
coastline0
|
Request for Question Clarification by
pafalafa-ga
on
26 Jan 2005 19:21 PST
Hello again,
I'm not sure we're on the same page here, so allow me to clarify:
--All information exchanged at Google Answers is publicly viewable.
Your question can be seen by anyone who visits this site, as can all
comments, such as those that you and I are posting. If you receive an
answer to your question, that will be publicly viewable as well.
--I cannot do a background check on Muoi, as I simply do not have the
resources to investigate the reputation of a businessman in Vietnman.
--What I CAN offer are links to some useful resources -- such as the
government report n Vietnam I mentioned -- that can provide a good
deal of further information to help you out, including contact
information for middlemen in Vietnam who might be able to track down
more information your would-be partner.
--You might want to wait a day or so to see if another researcher can
come up with any additional information. But if none is forthcoming,
then please let me know how (or if) you would like me to proceed on
this.
Thanks,
pafalafa-ga
|
Clarification of Question by
coastline0-ga
on
28 Jan 2005 08:25 PST
So no luck finding anything about this guy on the web? I was hoping
you'd be able to turn up something more than I was able to. Oh well.
Thanks for clarifying the misunderstandings I had.
Go ahead and post.
|
Request for Question Clarification by
pafalafa-ga
on
28 Jan 2005 20:13 PST
Hello again,
I did find a little bit of information on the web about Truong Nhat
Quang and Civil Engineering Construction Corporation, but nothing that
really speaks to the character of the individual or the
trustworthiness of the business. With some more time and effort it
might be possible to unearth a bit of useful information, but I really
do think you need someone on the groun in Vietnam to do the job right.
To that end, please have a look at the recently-published report on
the Vietnam market, which you can find at:
http://www.buyusainfo.net/info.cfm?id=127038&keyx=ED11F04E96DD0937C64E480D491F7B53&dbf=ccg1&loadnav=no&archived=no&addid=
The report is prepared by the US Dept of Commerce, and is an excellent
overview of doing business in Vietnam, and includes lots of contact
information for people that can assist you further.
Please download this report (you may have to reformat it a bit for
reading on screen) and look it over carefully. I think you'll agree
it's a very useful resource.
Let me know what you think.
pafalafa-ga
|
Clarification of Question by
coastline0-ga
on
01 Feb 2005 07:28 PST
Thanks for the link. I'll have a look - it looks like a helpful overview.
In the meantime, if you have a moment to shoot me over everything you
found on this fellow and his firm, that would be great...even if it
doesn't speak to the character side of things. We will for sure
consult some people on the ground in Viet Nam.
Thanks for all your help and your suggestions.
Best
-coastline0
|
Request for Question Clarification by
pafalafa-ga
on
01 Feb 2005 10:03 PST
Like I said, there's not much:
http://www.vietnamese-business.com/vietnamese_business.htm
VIETNAMESE BUSINESS DELEGATION OFFICIAL VISIT TO U.S.
Truong Nhat Quang
General Director
Civil Engineering Construction Corporation No. 5
Industrial and civil construction, production of building materials
http://vietpage.com/archive_news/politics/2001/Dec/6/att-0131/01-PhaiDoanVCDenHoaKyNgay10-12-2001.doc
Phai Doan VC Chinh Thuc (Government Leaders Delegation)
MEMBERS OF VIETNAMESE BUSINESS MISSION TO THE US
26. Truong Nhat Quang
General Director Civil Engineering Construction Corporation No. 5
and a related item that may be of interest:
http://www.geocities.com/Tokyo/Subway/6541/tin_tuc_Viet_Nam.html
Strikers at Hai Van Pass Tunnel Construction Site Return to Work 9-8-2002
Striking workers at the Hai Van Pass tunnel project resumed work on
August 8, 2002, after a two-day strike was resolved through
negotiations with company management. Work on the northern section of
the project, which is being undetaken by Japan's Hazama Company and
the local Civil Engineering Corporation No.6, was slowed considerably
after workers walked off the job, complaining of dangerous working
conditions and reduced pay. The Louis Berger Group is the project
manager for this project for the government.
Best of luck,
pafalafa-ga
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