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	<title>Meet John Song &#187; Vietnam</title>
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		<title>Meet John Song &#187; Vietnam</title>
		<link>http://meetjohnsong.com</link>
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		<item>
		<title>Video blog: Back in Vietnam where it Began</title>
		<link>http://meetjohnsong.com/2010/05/26/video-blog-back-in-vietnam-where-it-began/</link>
		<comments>http://meetjohnsong.com/2010/05/26/video-blog-back-in-vietnam-where-it-began/#comments</comments>
		<pubDate>Wed, 26 May 2010 23:55:54 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[globalization]]></category>
		<category><![CDATA[Ho Chi Minh]]></category>
		<category><![CDATA[Intrepid]]></category>
		<category><![CDATA[lift9]]></category>
		<category><![CDATA[Vietnam]]></category>

		<guid isPermaLink="false">http://meetjohnsong.com/?p=1314</guid>
		<description><![CDATA[The first video blog post. Would love any feedback.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=1314&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p>The first video blog post. Would love any feedback.</p>
<p><span style="text-align:center; display: block;"><a href="http://meetjohnsong.com/2010/05/26/video-blog-back-in-vietnam-where-it-began/"><img src="http://img.youtube.com/vi/fWUee_xaeDQ/2.jpg" alt="" /></a></span></p>
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		<slash:comments>5</slash:comments>
	
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		<title>Ok, Things I Loved About Vietnam</title>
		<link>http://meetjohnsong.com/2009/08/11/ok-things-i-loved-about-vietnam/</link>
		<comments>http://meetjohnsong.com/2009/08/11/ok-things-i-loved-about-vietnam/#comments</comments>
		<pubDate>Wed, 12 Aug 2009 00:00:30 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[society]]></category>
		<category><![CDATA[travel]]></category>
		<category><![CDATA[anthony boudain]]></category>
		<category><![CDATA[Ho Chi Minh City]]></category>
		<category><![CDATA[lunch lady]]></category>
		<category><![CDATA[Quan An Ngon]]></category>
		<category><![CDATA[tourism]]></category>
		<category><![CDATA[Vietnam]]></category>

		<guid isPermaLink="false">http://meetjohnsong.com/?p=919</guid>
		<description><![CDATA[Travel is a passion of mine. It is for a lot of people. Once in Jakarta as a young businessman, I moved out of my five-star hotel for a weekend, just to stay with back packers in another part of town. That, however, was a long time ago. Yet, with such perspective in mind, let [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=919&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div id="attachment_939" class="wp-caption alignleft" style="width: 235px"><img class="size-medium wp-image-939" title="john lunch lady" src="http://meetjohnsong.files.wordpress.com/2009/08/john-lunch-lady.jpg?w=225&#038;h=300" alt="Savoring Boudain's &quot;Lunch Lady&quot; noodle soup" width="225" height="300" /><p class="wp-caption-text">Savoring Boudain&#39;s &quot;Lunch Lady&quot; noodle soup</p></div>
<p>Travel is a passion of mine. It is for a lot of people.</p>
<p>Once in Jakarta as a young businessman, I moved out of my five-star hotel for a weekend, just to stay with back packers in another part of town. That, however, was a long time ago. Yet, with such perspective in mind, let me share a few personal experiences from Vietnam during my recent visits there.</p>
<ul>
<li>I absolutely love Vietnamese food. I&#8217;m addicted to the intense flavors from the tropical herbs and spices. I adore the fresh vegetables and appreciate the small portions of food. One of my favorite meals was from <a href="http://gastronomyblog.com/2009/03/09/no-reservations-bourdain-visits-the-lunch-lady/" target="_blank"><strong>Anthony Boudain&#8217;s recommended &#8220;lunch lady&#8221;</strong></a>. Finding her was difficult, but the $0.75 bowl of noodles with pork and solidified blood was well worth the search effort.</li>
<li>There are also great mainstream Vietnamese restaurants. One of my favorites is Quan An Ngon, where various vendors cook different regional foods, while as a customer you can order any combination of dishes from your table. I particularly enjoyed the snails in coconut curry and the shrimp on a sugar cane with rice paper.</li>
<li>While taxi&#8217;s are cheap, the fastest way to get around is to ride on a back of a scooter. It&#8217;s exhilarating to be maneuvered around the congested streets on a scooter. But be warned, this is not for the faint of heart.</li>
<li>Talking to locals whether they want me to or not is always fun.  Once, a street vendor desperately tried to avoid eye contact as I walked up and ordered a &#8220;banh mi&#8221; (a Vietnamese sandwich). We kept motioning to each other until I realized that she wanted me to choose a type of sandwich. Eventually, I pointed to a chunk of unfamiliar meat. After getting my sandwich, I gave her a 100,000 vnd bill (around $5.50), causing yet another adventure for her. She went to three different places to find enough change. When we finally completed the exchange, she  gave me her first smile &#8212; a beautiful smile &#8212; obviously relieved that we were done. I want to go back another time when my Vietnamese is improved to see how I can make her smile then.</li>
<li>I like watching the economy behind the economy. There are street vendors everywhere in Ho Chi Minh City. While the tourist and local upper class frequent the store fronts, many of the workers at the store fronts frequent the street vendors. I&#8217;ve watched with fascination elderly women conduct bustling business with one huge pot of soup delivering breakfast and lunches to the workers in the stores.</li>
<li>One great moment for me was watching a little girl in clean but worn clothes, holding her grandmother&#8217;s hand with tenderness and steeled determination, crossing a crazy roundabout street of Ho Chi Minh.</li>
<li>Given that extended families live together in small houses or rooms, young couples don&#8217;t have many places for privacy. So, near the Saigon River, under bridges, I unwittingly witnessed many young couples cuddling and kissing on parked scooters. They seemed quite dexterous on those little two-wheelers.</li>
<li>One of the my favorite things about Vietnam was getting &#8220;the treatment&#8221;. For me, this was a pampering session by a few young ladies that included a head and face massage, a shave, a facial, a neck rub and sometimes a manicure or a pedicure.  Why ever wash your own hair or even shave yourself when the whole experience runs less than $10?</li>
</ul>
<p>To be fair, a few things that bothered me.</p>
<ul>
<li>Ho Chi Minh is not a good walking city. The sidewalks are over run by vendors or scooters, and there is no subway system.</li>
<li>There is a lack of any ethnic diversity, but this may be an unfair complaint given that Vietnam is a developing country, and Ho Chi Minh not yet cosmopolitan.</li>
<li>Music is too loud in clubs, and they over-play Akon&#8217;s &#8220;<a href="http://www.youtube.com/watch?v=sxlg6BIrQZY" target="_blank"><strong>Right now, (Na Na Na)</strong></a>&#8220;. There&#8217;s no way of getting that song out of your head once you&#8217;ve heard it 20 times at an ear-piercing volume.</li>
</ul>
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		<title>Building an International Team is Challenging, Rewarding</title>
		<link>http://meetjohnsong.com/2009/08/06/building-an-international-team-is-challenging-rewarding/</link>
		<comments>http://meetjohnsong.com/2009/08/06/building-an-international-team-is-challenging-rewarding/#comments</comments>
		<pubDate>Thu, 06 Aug 2009 09:19:18 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[foreign employees]]></category>
		<category><![CDATA[lift9]]></category>
		<category><![CDATA[off shoring]]></category>
		<category><![CDATA[research center]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[Vietnam]]></category>

		<guid isPermaLink="false">http://meetjohnsong.com/?p=908</guid>
		<description><![CDATA[Hiring new employees is always a challenge. Trying to hire in a foreign country takes the challenge to another level. Lift9 is building part of its social media research center in Ho Chi Minh, Vietnam to support our efforts here in the states. We believe that in order to make much of the social media [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=908&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p>Hiring new employees is always a challenge. Trying to hire in a foreign country takes the challenge to another level.</p>
<p><strong><em>Lift9</em></strong> is building part of its social media research center in Ho Chi Minh, Vietnam to support our efforts here in the states. We believe that in order to make much of the social media data relevant and useful, extensive research needs to be a big part of the solution.</p>
<p>While initially building the research team in Vietnam, I was excited about the eventual competitive advantage that was being created. Later during the process, however, I became just as excited about the human element of providing employment and opportunities to our new recruits from this foreign land.</p>
<p>I was impressed with many of the candidates&#8217; English skills and willingness to interview in a foreign language. They asked critical questions and each sold him/herself in different and interesting ways. The interview process was difficult, with language and cultural barriers among other challenges. It, however, was an extremely rewarding process, as we bonded with those who joined our team. Breaking down the additional barriers makes the eventual relationship that much sweeter.</p>
<p>Moving forward, we will continue to have barriers to overcome. For one thing, the employment practice in Vietnam is to have sequential one-year employment contracts with an initial two-month probationary period. This creates a business environment of higher potential turnover, as opposed to the life-time employment culture during the &#8220;developmental eras&#8221; in Japan and Korea.</p>
<p>Yet, we&#8217;re excited to overcome these barriers. We plan on providing a nurturing, creative and challenging work environment for our Vietnamese staff. They are valuable contributors to our overall solution, as well as human beings deserving of respect and capable leadership from us.</p>
<p>You know, this is actually a lot of fun.</p>
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		<title>Maneuvering Through Opportunities &amp; Traffic in Vietnam</title>
		<link>http://meetjohnsong.com/2009/07/16/maneuvering-through-opportunities-in-vietnam/</link>
		<comments>http://meetjohnsong.com/2009/07/16/maneuvering-through-opportunities-in-vietnam/#comments</comments>
		<pubDate>Fri, 17 Jul 2009 00:07:07 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Ho Chi Minh City]]></category>
		<category><![CDATA[Paul Song]]></category>
		<category><![CDATA[start-up]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[Vietnam business]]></category>

		<guid isPermaLink="false">http://meetjohnsong.com/?p=881</guid>
		<description><![CDATA[I hold on tightly behind my brother as he deftly maneuvers his scooter through the seemingly chaotic traffic of Ho Chi Minh City. At first, watching hordes of cars and scooters sharing the streets and avoiding each other without apparent defined rules can be both astonishing and terrifying. But from the back seat of Paul&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=881&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div id="attachment_882" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-882" title="HCMC, Scooter traffic" src="http://meetjohnsong.files.wordpress.com/2009/07/hcmc-scooter-traffic.jpg?w=300&#038;h=225" alt="Ho Chi Minh City traffic" width="300" height="225" /><p class="wp-caption-text">Ho Chi Minh City traffic</p></div>
<p>I hold on tightly behind my brother as he deftly maneuvers his scooter through the seemingly chaotic traffic of Ho Chi Minh City.</p>
<p>At first, watching hordes of cars and scooters sharing the streets and avoiding each other without apparent defined rules can be both astonishing and terrifying. But from the back seat of Paul&#8217;s scooter, I soon begin to understand certain rules and reasoning behind the commuters&#8217; actions. The traffic, as it turns out, moves along rather well, despite the congestion of the city.</p>
<p>Doing business in Vietnam works in similar ways. The rules and expectations are different than in the US. People seem to be coming at you from all directions, but then a pattern starts to develop.</p>
<p>Vietnam is a developing country. Its people have a relatively high education level.  The country also has a disproportionally high number of young people under the age of 30 compared to developed countries. The government is very stable. Compared to its Southeast Asian neighbors, I&#8217;ve also noticed that the Vietnamese culture has more elements of the Chinese work ethic like those in the Far East countries.</p>
<p>In addition, Vietnam is a handsome country, with a long, beautiful coastline. Vietnamese food is fabulous, gaining popularity throughout the world. With a population of around 82 million, Vietnam could someday become an economic pillar in Southeast Asia.</p>
<p>For now, though, Vietnam remains a developing economy, and the labor extremely cheap. Get a haircut, and you can have one person cutting your hair, while two others will manicure your finger nails. I played golf, and frustrated with a bunker shot, I raked my own mess. My caddy (and you have to have a caddy) thanked me profusely, embarrassed that she didn&#8217;t move fast enough to take the rake away from me. People are everywhere to serve you. It can be humbling, yet charming.</p>
<p>For the right type of business idea, Vietnam represents tremendous opportunities. Some entrepreneurs have already built technical development teams here to service the West&#8217;s appetite for off-shoring those components. International marketing and research firms have established operations here to help foreign brands move into the Vietnamese market. To support new innovations, venture funds are now being established here with both foreign and local money.</p>
<p>Nonetheless, many more foreign ventures will fail here than succeed. It is not easy to manuever through the local business and cultural environment. The risk remains extremely high. Like Paul steering us through the traffic, any company that has a fighting chance of success here needs the guidance and support of someone(s) who already understands the business climate and culture in Vietnam.</p>
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		<title>Asia Offers More Than Just A Business Opportunity</title>
		<link>http://meetjohnsong.com/2009/07/11/going-to-asia-more-than-just-work/</link>
		<comments>http://meetjohnsong.com/2009/07/11/going-to-asia-more-than-just-work/#comments</comments>
		<pubDate>Sat, 11 Jul 2009 23:37:47 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[Entrepreneurs]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Asian business]]></category>
		<category><![CDATA[Diversity]]></category>
		<category><![CDATA[lift9]]></category>
		<category><![CDATA[Vietnam]]></category>

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		<description><![CDATA[One of my criteria for a new start-up venture was to have an international twist. Having lived and worked in Europe and Asia, I was comfortable with either or both. As fate would have it, I&#8217;m heading back to Asia and couldn&#8217;t be happier about it.  If the business plan is well executed, we&#8217;ll be [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=877&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p>One of my criteria for a new start-up venture was to have an international twist.</p>
<p>Having lived and worked in Europe and Asia, I was comfortable with either or both. As fate would have it, I&#8217;m heading back to Asia and couldn&#8217;t be happier about it.  If the business plan is well executed, we&#8217;ll be in Europe soon enough. Discussions are already under way.</p>
<p>For now, I&#8217;m excited about coming back to Asia. It&#8217;s so different here than the US, and that&#8217;s a good thing. I get to be reminded about a whole different point of view, and that&#8217;s invigorating. People are capable of such diverse approaches to life. What a privilege to have chances to witness these differences.</p>
<p>On our plane ride, my colleague Ed Kim and I realized that we both brought Vietnamese phrase and custom books. Mine, thanks to my niece Aileen who lives part-time in Vietnam.</p>
<p>Look, we know even just being able to say courteous Vietnamese phrases will require a lot of time and effort. The joy, however, will be in trying. That attitude will change everything forward about our experiences in Vietnam regardless of how much Vietnamese we eventually learn.</p>
<p>Yes, we are going to Vietnam with a compelling business plan, but what a shame if we came back not having soaked in some of the local culture as well. I&#8217;m determined not to let that happen.</p>
<p>Right now, during a four-hour layover at Taipei Airport, I saw a person who looked curiously at me. I smiled as warmly as possible looking straight into that person&#8217;s eyes. She ended up helping us get into a wonderful Airport business center that has made the layover enjoyable and productive. So, in many ways, we are so much alike as we are different.</p>
<p>We want to keep smiling at locals with an attitude of professionalism, empathy and respect throughout our business ventures in Asia.</p>
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		<title>Joe Chang Finds Another World In Southeast Asia</title>
		<link>http://meetjohnsong.com/2008/10/26/joe-chang-finds-another-world-in-southeast-asia/</link>
		<comments>http://meetjohnsong.com/2008/10/26/joe-chang-finds-another-world-in-southeast-asia/#comments</comments>
		<pubDate>Mon, 27 Oct 2008 04:05:58 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[People]]></category>
		<category><![CDATA[society]]></category>
		<category><![CDATA[Belltown]]></category>
		<category><![CDATA[cultures]]></category>
		<category><![CDATA[Joe Chang]]></category>
		<category><![CDATA[relationships]]></category>
		<category><![CDATA[Seattle]]></category>
		<category><![CDATA[southeast asia]]></category>
		<category><![CDATA[Thailand]]></category>
		<category><![CDATA[travel]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[world travel]]></category>

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		<description><![CDATA[Meet Joe Chang, who just returned from vacationing in Thailand and Vietnam.  Yes, he has a big smile on his face when not yawning from jetlag.  He loved it:  The weather, the culture, the food, the nightlife. Joe is a single 30-year-old Korean-American, born in Vancouver, WA and never lived outside of Washington state.  He [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=358&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p><strong>Meet Joe Chang,</strong> who just returned from vacationing in Thailand and Vietnam.  Yes, he has a big smile on his face when not yawning from jetlag.  He loved it:  The weather, the culture, the food, the nightlife.</p>
<p>Joe is a single 30-year-old Korean-American, born in Vancouver, WA and never lived outside of Washington state.  He gets teased sometimes for being a <em>banana</em>, an endearing (hum-hum) term for his Asian appearance but Americanized attitude and ways.  </p>
<p>Joe is a man about town in Seattle.  He is known to frequent Belltown establishments in the weekend and has an extensive network of friends who all enjoy time together.  So, what could Southeast Asia possibly offer Joe?</p>
<p>&#8220;People are so much nicer (in Thailand),&#8221; he said.  &#8221;It&#8217;s the land of smiles.&#8221;  Yes, true, the Thai are known as very hospitable people with warm dispositions.  The Buddhist culture shines there.  But it seems that Joe, the banana, would have some more interesting insights; after all, he&#8217;s not just your average &#8220;Joe, the Plummer&#8221;.</p>
<p>&#8220;Well, there seemed to be a lot more women (than men),&#8221; he said.  Ah, now we&#8217;re getting somewhere.  He lowered his voice a tad, as if letting you in on a secret, &#8220;They were a lot hotter than i expected too.&#8221;  Really?</p>
<p>Lucky for Joe, Korean pop culture is pretty hot in Southeast Asia and many admired his boyish Korean looks. His friend whom he was visiting, played that up as well, telling the locals that Joe was indeed a Korean actor.  Hum, I wonder how they got past the fact that Joe doesn&#8217;t really speak Korean at all.</p>
<p>it was obvious that the trip has had a profound impact on Joe.  He speaks of possibly returning and living in Thailand for some time.  There, he saw elephants in the streets, snake shows and constant friendly smiling faces.  Everything was hot: the weather, the food, the night clubs and the women.  He saw the stark contrast between the ultra modern and the old that are always evident in developing countries like Thailand.  </p>
<p>Now, with the economic downturn in the States and the relatively lower cost of living in Southeast Asia, the temptation to move could be great for a growing number of Americans.  Additionally, when the economy returns to steady growth, more and more of that growth will be generated from Asian economies.</p>
<p>Well, we can&#8217;t finish Joe&#8217;s story without some romantic elements.  In vietnam, he was introduced to a very nice local girl through some friends.  They met a couple of times with other friends, which was important since she didn&#8217;t speak English and he didn&#8217;t speak Vietnamese and needed interpreters.  When they would text each other, it was obvious to him that she was getting translations from Babelfish or some other online translator.  The sentences were cute but often difficult to decipher.  Nonetheless, he appreciated the effort.</p>
<p>Finally, when they decided to go out by themselves, he was surprised at how well they could actually communicate through facial expressions, hand gestures and body language.  They ended up in a club where he ordered a bottle of whiskey for the table.  The night flew by and they ended up drinking the bottle between them.  &#8221;Oh, the girls there can seriously drink,&#8221; he added.</p>
<p>In the end, it was a date like he&#8217;s never had before &#8212; not at Amber, not at Venom, not anywhere.  It was a date full of animated conversations, but without many words.  It was a cool date.  </p>
<p>&#8220;I felt like i had a better connection even though we couldn&#8217;t verbally communicate,&#8221; he said.  &#8221;I can&#8217;t explain it any other way.&#8221;</p>
<p> </p>
<div id="attachment_376" class="wp-caption alignnone" style="width: 510px"><a href="http://meetjohnsong.files.wordpress.com/2008/10/joe-with-ladies.jpg"><img class="size-large wp-image-376" title="joe-with-ladies" src="http://meetjohnsong.files.wordpress.com/2008/10/joe-with-ladies.jpg?w=500&#038;h=374" alt="Joe in the middle" width="500" height="374" /></a><p class="wp-caption-text">Joe in the middle</p></div>
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		<title>Life is but Series of Experiences</title>
		<link>http://meetjohnsong.com/2008/10/03/life-is-but-series-of-experiences/</link>
		<comments>http://meetjohnsong.com/2008/10/03/life-is-but-series-of-experiences/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 23:26:00 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[Entrepreneurs]]></category>
		<category><![CDATA[People]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Paul Song]]></category>
		<category><![CDATA[Aaron Song]]></category>
		<category><![CDATA[Father and Son]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[Met Vuong]]></category>
		<category><![CDATA[ARIS]]></category>
		<category><![CDATA[Noetix]]></category>
		<category><![CDATA[overseas business]]></category>

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		<description><![CDATA[Guest Post by Paul Song When John asked me to share one of my business experiences as a guest contributor to his blog a few months ago, I started to think which one would be the most interesting and relevant. Should I talk about starting an IT services company in my 20’s and what it [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=56&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://1.bp.blogspot.com/_qq0uRrqjR7k/SOasgQ5zCdI/AAAAAAAAAEY/uAxRIFIW4EU/s1600-h/paulaaron.jpg"><img style="float:left;cursor:hand;margin:0 10px 10px 0;" src="http://1.bp.blogspot.com/_qq0uRrqjR7k/SOasgQ5zCdI/AAAAAAAAAEY/uAxRIFIW4EU/s320/paulaaron.jpg" border="0" alt="" /></a> <span style="font-weight:bold;"><span style="font-style:italic;">Guest Post by Paul Song</span></span></p>
<div>When John asked me to share one of my business experiences as a guest contributor to his blog a few months ago, I started to think which one would be the most interesting and relevant.  Should I talk about starting an IT services company in my 20’s and what it was like to learn everything “on the job”?  Or maybe the experience of taking a company public and playing with the “big boys” on Wall Street?  Or maybe the humbling experience having our stock plummet by over 80% with the bursting of the dot-com bubble?  Or starting a new company with millions in VC money?    I decided I want to talk about my little start up in Vietnam.  It is not a big company nor even a successful one (yet).  But it is has been a very rewarding experience in unexpected ways.  </p>
<p>My son Aaron, graduated from Pepperdine University in summer of 2006.  During his college years, he had started an Internet company servicing the secondary ticketing market (ticket brokers and resellers also known as “scalpers”).  By the time he received his diploma, Aaron was running a number of popular and very profitable web sites.  When he asked my advice on what to do next, I encouraged him to explore living abroad to get a more “global” experience.  As Thomas Friedman put it, the world is flat.  We cannot ignore the growing interdependence of our global economy.  Just look at how the US mortgage mess is affecting the credit (and now equity) markets worldwide!  The next generation of business leaders must have a global perspective.</p>
<p>Having taken a more flexible role as Chairman of Noetix, I was not involved in day to day operations.  So when Aaron suggested that I go with him to Asia and help him better explore business opportunities, I felt this was a unique opportunity for me to do something new and interesting with my son.  We initially moved to Shanghai, China where we lived for about 5 months.  But after a trip to Vietnam, we decided that we could best find opportunities to build a company together there.</p>
<p>So in April 2007, we moved to Ho Chi Minh City and started an Internet listing service for real estate in Vietnam.  We’ve also launched a real estate magazine to compliment our web site (www.metvuong.com).  When we started our venture, the real estate market was red hot, with prices nearly doubling from June 2007 to December of 2007.  However with inflation and tightening credit world-wide, the market came to a screeching halt in March 2008 with prices declining as much as 40% in many markets (not too dissimilar to what is going on in the US). </p></div>
<div>This has created some challenges for our business but it also is providing a great learning opportunity.  It doesn’t take great management to grow a business when everything is booming (remember the dot-com bubble?).  But when things are challenging, when strategy and execution become a necessity, when resources and money is limited and tough choices have to be made, that’s when management counts.    So even though metvuong is not a public company nor a company with millions in revenue, it has given me one of the most rewarding experiences of my career so far.  It has given me the opportunity to start a business with my son.  Though I was initially going abroad to help Aaron, actually, I may have gained more than he has from the experience. I’ve had the chance to live in a different country and to broaden my personal experiences.  I’ve gained a much greater appreciation for developing countries and their challenges.  I’ve come to understand first-hand what outsourcing means to companies both in the US and in the country. I’ve made many new friends including business leaders in other countries. And of course, I’ve had a chance to build some great memories and experiences with my son.  </p>
<p>Life is but a series of experiences.  These experiences become our memories, prejudices and perspectives.  Those become the basis upon which we make judgments and decisions.  This is why we value people with experience.  And for me, this has been one of my best experiences.  </p></div>
<div>_______________________________</div>
<div><span style="font-style:italic;">Paul Song is my  brother.  He is currently the CEO of Metvuong and Chairman of Noetix.  He is also the former Founder and CEO of ARIS Corporation.  He is a former US representative for ABAC and is a member of YPO &#8211; Seattle Chapter.  </span> </div>
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		<title>Father, Son Venture into Vietnam</title>
		<link>http://meetjohnsong.com/2008/03/11/father-son-venture-into-vietnam/</link>
		<comments>http://meetjohnsong.com/2008/03/11/father-son-venture-into-vietnam/#comments</comments>
		<pubDate>Tue, 11 Mar 2008 19:31:00 +0000</pubDate>
		<dc:creator>meetjohnsong</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Paul Song]]></category>
		<category><![CDATA[Aaron Song]]></category>
		<category><![CDATA[Vietnam]]></category>
		<category><![CDATA[Met Vuong]]></category>
		<category><![CDATA[ARIS]]></category>
		<category><![CDATA[ABAC]]></category>
		<category><![CDATA[APEC]]></category>
		<category><![CDATA[Real Estate]]></category>

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		<description><![CDATA[MEET Paul Song, a father, a world traveler and a visionary entrepreneur. Oh yeah, he’s also my brother. Paul’s been part of the Seattle business community since 1990 when he started ARIS, an IT consulting firm that listed on NASDAQ in 1997. He was 34 years-old then. Today, he’s more fashionable, still in good shape, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=meetjohnsong.com&blog=5072293&post=17&subd=meetjohnsong&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bp3.blogger.com/_qq0uRrqjR7k/R9blGLkjolI/AAAAAAAAAAo/LoJaczYRLYU/s1600-h/paularron+great+wall.jpg"><img style="float:left;cursor:hand;margin:0 10px 10px 0;" src="http://bp3.blogger.com/_qq0uRrqjR7k/R9blGLkjolI/AAAAAAAAAAo/LoJaczYRLYU/s320/paularron+great+wall.jpg" border="0" alt="" /></a><br />
<span style="font-family:arial;"><strong>MEET Paul Song</strong>, a father, a world traveler and a visionary entrepreneur. Oh yeah, he’s also my brother. Paul’s been part of the Seattle business community since 1990 when he started ARIS, an IT consulting firm that listed on NASDAQ in 1997. He was 34 years-old then.</span></p>
<p>Today, he’s more fashionable, still in good shape, more outgoing, and some say he hasn’t aged a bit (maybe the reverse). What’s his secret fountain of youth? Maybe it’s hanging out with his 23-year-old son, Aaron. In fact, they started a business together in Vietnam called <a href="http://www.metvuong.com/"><span style="font-family:arial;">Met Vuong </span></a><span style="font-family:arial;">(means square meter), a real estate information company based in Ho Chi Minh City.</span></p>
<p>After graduating from Pepperdine University, Aaron asked his father to go to Asia with him to look for business opportunities. He knew that no one would otherwise take a 22-year-old seriously in that part of the world. Aaron had run a very successful internet company, <a href="http://presalepassword.net/"><span style="font-family:arial;">PresalePassword.net</span></a><span style="font-family:arial;">, while studying at Pepperdine and knew he could continue that and peripheral ventures from anywhere in world.</span></p>
<p>Paul, at the time, was retired, and jumped at the chance of working with his son. First, they went to Shanghai in 2006. They soon discovered that Shanghai already was well on its way in economic development. “There’s enough money and people there that things were already being tried and funded,” Paul says.</p>
<p>As a former member of <a href="http://www.ncapec.org/abac_about.html"><span style="font-family:arial;">Asia-Pacific Business Advisory Council </span></a><span style="font-family:arial;">(a business advisory group for the governments of APEC), he visited Vietnam in November, 2006, and was coaxed by local business leaders to relocate there. They moved in mid-April, 2007 and had a difficult time finding appropriate housing: No central database of real estate listings; no internet listings. </span><span style="font-family:arial;"><strong><em>A-ha!<br />
</em></strong></span></p>
<p>Paul knew that it would be critical to solicit influential real estate companies as partners. He not only signed up partners but allowed some of them to invest in <a href="http://www.metvuong.com/"><span style="font-family:arial;">Met Vuong</span></a><span style="font-family:arial;">, further solidifying the relationships. The coding on the site started in June with Aaron in charge of the website and its developers, while Paul worked his relationships and managed the business plan.</span></p>
<p> </p>
<p><span style="font-family:arial;">In September, the website launched with content from such partners as </span><a href="http://www.cbre.com/EN/"><span style="font-family:arial;">CB Richard Ellis </span></a><span style="font-family:arial;">and </span><a href="http://www.savills.com.vn/"><span style="font-family:arial;">Savills</span></a><span style="font-family:arial;">, as well as a host of Vietnamese real estate companies. Next month, Met Vuong will launch its first magazine publication. Paul and Aaron believe this will be a vital component in becoming the de facto real estate information company in Vietnam. The business plan calls for both online and offline reach in the developing country.<br />
</span></p>
<p> </p>
<p><span style="font-family:arial;">So, what’s it like working with your 23-year-old son after having run a public company? Overall, it’s been great, says Paul, but “we’ve had to work out some issues.” Aaron had never worked in a corporate environment, but had become a successful entrepreneur at a very young age. So, he would challenge some business protocols, which weren’t necessarily bad, but time consuming to work out.<br />
</span></p>
<p><span style="font-family:arial;">“Overall though, it’s been a great experience for both of us,” Paul emphasizes. For others contemplating doing the same thing, Paul advises to make sure NOT to lose perspective that family relationships are more important than the business itself. It’s easy to get too wrapped up on the business, but Paul’s main reason for moving to Vietnam was to have this experience with his son Aaron. </span></p>
<p> </p>
<p> </p>
<p><span style="font-family:arial;">So Paul, ethnically Korean who grew up in the US, lives in Ho Chi Minh City with his son. They are very similar in many ways. They both have steely laser focus, extreme ambition, and a propensity for technology.</span></p>
<p> </p>
<p><span style="font-family:arial;">They also are very different. Paul’s more apt to be found at a night club in Ho Chi Minh City, while Aaron is more likely to be at home spending alone time with his finance, Aileen. Paul enjoys fine wine and designer jeans, while Aaron doesn’t drink and would rather be in shorts. Nonetheless, together this father-and-son team is making their mark – in Vietnam of all places.<br />
</span></p>
<p><span style="font-family:arial;">Oh, so is it more difficult working with your brother or working with your son? “The son,” Paul says, “We’re way too much alike.” Right answer.</span></p>
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