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Update news domestic enterprises
More than 90 percent of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations.
Inventory has become a common concern of domestic enterprises due to the impact of the COVID-19 pandemic.
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
Vietnam expects to grow at 6.5-7 percent for the next five years, according to a Government report tabled recently at the National Assembly on socio-economic development in 2015 and 2011-15 as well as the targets for the next five years.
Experts of the Institute for Policy and Strategy of Agriculture and Rural Development (IPSARD) have warned that Vietnam’s agricultural sector will continue to face tough times ahead due to fiercer competition and oversupply on global markets.
VietNamNet Bridge – Vietnam’s foray into free trade agreements will open up opportunities for local enterprises to tap new markets but these pacts might also expose exporters to more trade defense cases in member countries,
VietNamNet Bridge – Viet Nam has witnessed gradual economic recovery and an increasingly stable macro-economy in the first quarter of 2015.
VietNamNet Bridge – The Ministry of Information and Communications (MIC) will submit its equitisation plan for Mobifone to the Government by end-2014 and if approved, it will implement this plan in 2015.
VietNamNet Bridge – Some 52,000 enterprises were created in the first eight months of this year with total registered capital of nearly VND253.7 trillion, or a 9 per cent rise year-on-year,
While domestic enterprises have been falling into decay over the last two years due to the economic downturn, foreign invested enterprises still have been making profit and scaling up their production.