Update news enterprises

Law provisions open doors for development

While the laws on investment, enterprises, and funding under the public-private partnership model are appreciated by local and foreign stakeholders. 

Vietnamese enterprises grasp opportunities amid COVID-19

The COVID-19 pandemic has caused enormous impacts on Ho Chi Minh City in particular and Vietnam in general. 

Around 670,000 labourers lose jobs in first four months

As many as 670,000 employees lost their jobs in the first four months of 2020 due to the COVID-19 crisis, according to the Department of Employment under the Ministry of Labour, Invalids and Social Affairs.

VN businesses keen to remove hurdles amid COVID-19 epidemic

Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.

Most enterprises in VN satisfied with tax administrative reform

Seventy-eight per cent of surveyed enterprises expressed satisfaction with tax administrative reforms this year, up 3 per cent compared to 2016.

Inspectors to check food safety throughout country

The national steering committee on food safety has set up six inspection teams to check food safety and hygiene for the coming Tet (Lunar New Year) festival.

Measures necessary after SOE audits

Experts are once again warning that if the monopoly of the economy via poorly-performing and loss-making enterprises owned by the state continues, the country’s competitiveness and investment climate will continue being affected as a result. 

Enterprises seeks sustainability

Pham Hong Thai, Head of the General Department for Market Development and Business, speaks to the newspaper Viet Nam Economic Times on the need to have a close link between scientists and enterprises.

Vietnam to crack down on software piracy

 VietNamNet Bridge – Authorities will step up checks on the use of software at enterprises in a bid to crack down on software piracy.

It’s time to say goodbye to ‘Mom and Pops’

 VietNamNet Bridge – As of the end of October, nearly 834,400 enterprises have legally registered to do business in Vietnam and 96% of them are ‘mom and pops’

Enterprises fined for safety violations

VietNamNet Bridge – About 700 enterprises were fined more than VND1.4 trillion (US$68.6 million) last year for measuring and radiation safety violations, the Ministry of Science and Technology has reported.

Firm closures outnumber start-ups

 The total number of dissolved and bankrupt businesses was higher than that of newly established firms in the first eight months of the year.

Business bankruptcies just the tip of the iceberg

 VietNamNet Bridge – Enterprises need Government support to restore production and develop, To Hoai Nam, vice chairman of the Viet Nam Association of Small and Medium Enterprises, told Hai quan (Customs) newspaper.

Minimum wage to be inflation-adjusted

VietNamNet Bridge – The minimum salary by region will be revised based on the country’s consumer price index from 2018 as planned,

Tax paperwork to be cut under 300 hours a year

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has required that the tax sector cut the time for enterprises to complete tax paperwork to under 300 hours a year by the end of 2014.  

Business outlook optimistic

 VietNamNet Bridge – Most enterprises operating in Viet Nam were optimistic about the economic recovery, saying business was bouncing back this year, according to the General Statistics Office (GSO).

Startups by ‘dropouts' blaze a trail

VietNamNet Bridge – A new generation of Vietnamese entrepreneurs show they are willing to take the risk of dropping everything else to focus on the opportunities they have spotted, and to work hard to succeed. 

Dissolved enterprises on the rise: ministry

 VietNamNet Bridge – Though the macro economy has improved, the number of enterprises going bust or being dissolved has continued to increase in the first five months of this year, according to the Ministry of Planning and Investment.

21,500 businesses shut down in Jan-Apr

VietNamNet Bridge – The number of enterprises that shut down in the January-April period was nearly 21,500, up 9.4% year-on-year.

99.9% of Vietnamese enterprises are super small

Of the more than 500,000 operating enterprises in Vietnam, up to 95-96% are small and super-small ones. If household-scaled businesses are added to the statistics, the percentage of small, super-small and micro-enterprises may account for 99.9%.