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Update news vietnam economy
The overlapping and inconsistency of legal documents continues to make things difficult for businesses.
Tran Kinh Doanh has resigned from his post on the board of directors of Mobile World (MWG), a major retailer.
“Flow of business law in 2021”, a report of the Vietnam Chamber of Commerce and Industry, shows that hundreds of circulars that guide the implementation of laws are issued each year. The quality and transparency of the documents are in question.
Thailand's "golden population" period is expected to end in 2025. The country is likely to become the first in Southeast Asia to have an aging population before it becomes prosperous. This is a warning for Vietnam.
The tax payment extension, which is not expected to reduce state budget revenue, will help enterprises have capital for production and business.
Manufacturers whose products are meant for domestic use and export are struggling to find a way out amid the “storm” across materials and logistics prices after fuel prices reached new highs.
The UK-Vietnam free trade agreement (UKVFTA), effective on May 1, 2021, is expected to help not only boost trade but also promote investment between Vietnam and the UK.
Analysts doubt the feasibility of the new decision by the Phu Quoc Tour Guide Association about collecting tips because most tourists want inexpensive tours and travel firms are competing with each other by slashing service fees.
The Covid-19 pandemic has caused businesses to realize the importance of adaptation, technology and renovation.
Business environment reform has been slowing down over the last two years. Some bad regulations that were removed because they hindered the development of enterprises have been revived.
By the end of February 2022, the registered capital for project adjustment of foreign investors in Vietnam has increased by US$3.59 billion, a year on year increase of 123.8 percent.
Vietnamese corporations have asserted their position and strength after many large acquisition deals. Big names are confident about holding onto the domestic market, even knocking out foreign retail giants.
In some European countries, dragonfruit is considered ‘super food’, priced at VND650,000 per kilogram. Vietnam has 1.4 million tons of the fruit each year and farmers sell it at only VND3,000 per kilogram.
Oil prices have increased sharply in recent days following the tension between Russia and the West over Ukraine. The high price of oil and fears of an escalation of war have hit commodity and financial markets.
At Garment 10 Company, productivity increased exponentially after new technologies and digitalization of the production line were applied.
Representatives of retail petrol stations confirmed that they did not hoard gasoline to wait for the price to rise because, according to regulations, they must import petrol products to sell, even at a loss, and must sell out before they can close.
Banks have been increasing the attraction of deposits to have enough capital for the credit needs of customers. Credit demand is expected to increase from the first quarter of this year.
Although it is put under control, the fourth wave of the COVID-19 pandemic has hit all aspects of the social life, seriously affecting businesses and people.
A 13-year confrontation between Vietnamese and foreign investors at a leading sweets manufacturing company has come to an end: the Vietnamese investor has acquired the entire company while the South Korean investor has left.
The COVID-19 pandemic has caused local firms to face an array of risks, with there being a large and possible long-lasting vulnerability for them.