SMEs

Update news SMEs

Investment promotion zeros in on specific targets

VietNamNet Bridge – Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency spoke to VIR about new points in the investment promotion strategy this year to improve

BUSINESS IN BRIEF 10/2

Exports to Canada pick up nearly 35%; Changes in investment promotion in 2015; Experts float ideas for tra fish industry changes; Vingroup builds Hai Phong complex; Wood product exports continue to grow

BUSINESS IN BRIEF 29/1

Former Ocean Bank chief arrested for economic fraud; Agro, forestry, seafood exports down; Collect $2.4b in arrears, Gov't told; FPT Software targets $1b in 2015 revenue; HCM City targets surge in retail sales; Second-home segment bouncing back

SMEs hampered by credit barriers

 VietNamNet Bridge – Several weaknesses prevent SMEs from accessing long-term loans, Hoang Viet Trung, deputy director of the SBV branch in Ha Noi, tells Kinh te&Do thi (Economic and Urban Affairs).

BUSINESS IN BRIEF 22/11

 Korea, Hong Kong emerge as major investors; Vietnam hosts largest German networking event; Customs warns of Chinese goods with Vietnam origin; Kumho Asiana eye Tan Van-Nhon Trach road project; C.bank governor’s words ease forex market

SMEs continue to struggle in improving economy

Small- and medium-sized enterprises still face “special difficulties” even though the national economy has improved in the last 10 months, according to a National Finance Supervisory Council’s report.

BUSINESS IN BRIEF 16/10

Central region takes biofuel lead; Experts urge gradual consumption tax hike; Vietnamese choose fresh fruit over other snacks; HCM City to host packaging, processing, rubber expos; FDI enterprises reduce, cut losses in HCMC

BUSINESS IN BRIEF 12/10

PetroVietnam surpasses goal for 9-month revenue; Belgian sweets maker opens research centre; Ministry backs State funding for Vung Ang EZ; MoF to create 26 investment funds; BIDV announces profits of 200 million USD

Vietnam optimistic about TPP progress

 VietNamNet Bridge – Deputy Prime Minister Vu Van Ninh recently returned from a visit to the US, where he headed up a Vietnamese delegation lobbying for an early signing of the Trans-Pacific Partnership Agreement.

BUSINESS IN BRIEF 11/9

Vietnam sees slight rise in rice exports in August; Second turbine at Vinh Tan power plant generates power; Automobile sales increase for 17 consecutive months

New SME support law takes note of Japanese, S Korean experiences

 VietNamNet Bridge – Director of the Ministry of Planning and Investment's Enterprise Development Department Ho Sy Hung spoke with Hai Quan about a development plan to support SMEs

BUSINESS IN BRIEF 13/7

 Vietnam’s first exchange-traded fund makes debut; PM approves HCM City master plan; Sabeco seeks to lower State stake; Over half the securities companies suffer from losses; Apartment sector recovery continues

New circular may not help SMEs

 VietNamNet Bridge – A circular issued by the Ministry of Finance (MoF), set to take effect this Friday, may not succeed in facilitating the provision of credit guarantees to small- and medium-sized enterprises (SMEs).

SMEs deserve a better deal

VietNamNet Bridge – To develop a fair market economy, Viet Nam needs to treat its SMEs better, Nguyen Duc Thanh, director of Viet Nam Centre for Economic and Policy Research, tells Thoi bao Kinh doanh (Business Times). 

Lack of borrowers hurts banking sector

 VietNamNet Bridge – The banking system is plagued by low credit growth, huge liquidity but firms unable to borrow, and difficulty in selling mortgaged assets to liquidate bad loans,

BUSINESS IN BRIEF 14/5

 VN organises cashew-themed ‘rendezvous'; Bank assets value surges in March; ‘Privileged' SMEs suffer credit freeze; Big push planned for VN goods; New TPP round begins in Vietnam

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%.

CPI decline has pros and cons

 VietNamNet Bridge – The country's consumer price index (CPI) in March dropped 0.44 per cent against the previous month, the lowest level recorded during the past decade.

BUSINESS IN BRIEF 7/4

 New pact to yield export benefits; SMEs seek financial support; Denmark increases private sector support; Cement makers fail in energy-saving drive; Lotte Mart expands chain footprint to the capital

BUSINESS IN BRIEF 29/3

 Anti-dumping duty imposed on VN bicycle tyres; Repsol lubricants enter Viet Nam market; Government bonds fetch over 6 trillion VND; Rice exports reach 1.31 million tonnes in Q1