I had a great time going around the builders yards in Ko-Rat. My only frustration was that there were so many staff following me around with trollies and going straight to what I wanted I lost the pleasure in the ability to browse...
This post sounds familiar. Anyway, it sounds like you don't trust your uncle. Maybe that is wise...I don't know. If you can't trust your family, though, then what do you gain by doing business with them? If it's just to get your foot in the door because he's the only person you know, then that makes for a poor start. If you weren't worried about the money and just wanted to throw mud at the wall to see what would stick, then you wouldn't be here asking these questions...but that's basically what you're leading up to do, it sounds like. Cultural pitfalls aside, the numbers don't add up...nor does the opportunity (you pay 3300 to make 3000...so you lose 300/month?). Rent a hotel with 10 rooms and profit 3k? What is the cost-per-night? At what occupancy rate? And why wouldn't the owner just do that instead of renting it out? My advice would differ depending on what your risk tolerance is and what your investment costs will actually be. I wouldn't start with anything too big in a country like Vietnam.
We want to rent a small hotel consist of 10-20 rooms in district 1. We can afford it but how are the laws, bribery, connections, etc? Im Vietnamese, but have been living in California all my life. My long distance uncle has a hotel @ Pham Ngu Lao district 1. Rent is $3,300. 10 rooms. Profit at $3,000 per month. This is base on what they told me, not paper. I have experience in running small business in California, but doing Business in Vietnam sounds SCARY! What we've heard : no bribery= shut down , no connections= shut down, if you are too honest= shut down, lose money I'm thinking about doing it with my uncle who is a residence. He's currently managing a big coffee shop in Saigon. I'm splitting profit with him in exchange of him managing the hotel, including having his name under the lease. I am warned about partnership, but not my main concern right now. Should I open a small hotel in Vietnam?! Please help!!!! I really want to!
There are a number of hardware and building supplies merchants to choose from, Watsadu is just an example you mentioned in your OP. Any construction materials you can get in Bangkok you can get in Chiang Rai. There's been a construction boom here in recent years.