local firms

Update news local firms

Earnings key for Vietnamese firms to enjoy tax cut: deputies

The new proposal on tax cuts for local firms should focus on changes of earnings, not personnel, so it benefits the worst-hit companies during COVID-19, National Assembly (NA) deputies said on Thursday.

Local firms stuck at bottom of smiling curve

VietNamNet Bridge – Exports of high-tech goods with low added value put the country at the bottom of the smiling curve, according to a Fulbright Vietnam University report.

Vinamilk’s growth and future plans: CEO

 VietNamNet Bridge – Vinamilk, Viet Nam Dairy Products Joint Stock Company, expects to reach its target of becoming one of the top 50 global dairy firms in the next three years after it has shown strong development over the past 40 years.

Preparation proves key to Vietnam’s success post TPP

VietNamNet Bridge – Ngo Duc Manh, Deputy Chairman of The National Assembly’s External Affairs Committee, shines a light on negotiations for the Trans-Pacific Partnership Agreement and Vietnam’s on-going preparations to optimise efficiency

WTO Center: Local firms will benefit from FTA with Korea

 VietNamNet Bridge – Vietnamese and South Korean enterprises will benefit much from the Vietnam-South Korea free trade agreement (FTA) when it is ratified and implemented, according to the WTO Center.

Firms lack awareness of legal rights

 VietNamNet Bridge – Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights,

Local firms benefit little from economic recovery

 VietNamNet Bridge – The economy has seen clear signs of recovery but this has yet to bring significant benefits for domestic firms, heard at a meeting of the Ministry of Planning and Investment in Hanoi City on March 25.

Local firms still have room in electronics retail market

 VietNamNet Bridge – Although a number of foreign companies have made a foray into the local electronics retail market, there are still room for domestic firms to open and operate their own supermarkets, according to industry insiders.

Trade minister: Local firms still dominate retail market

VietNamNet Bridge – Minister of Industry and Trade Vu Huy Hoang said domestic enterprises now hold 97% local retail and wholesale market share though Vietnam opened its doors to goods imports from ASEAN decades ago.

Korean tourists beyond reach of local firms

 VietNamNet Bridge – More and more South Korean tourists are coming to the country but local tour operators have been struggling to serve them as most Koreans are inclined to buy services from their fellow countrymen’s establishments.

Intellectual property violations hit local firms

 VietNamNet Bridge – Infringements of intellectual property rights are still a headache, causing huge losses among local companies, but there are not effective cures for the problem, heard a seminar on intellectual property in HCMC last Saturday.