vietnam economy

Update news vietnam economy

When will ministry dispatches stop bedeviling enterprises?

The overlapping and inconsistency of legal documents continues to make things difficult for businesses. 

Business news: corporations make changes in key personnel

Tran Kinh Doanh has resigned from his post on the board of directors of Mobile World (MWG), a major retailer.

VCCI report finds problems in administrative reform

“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.

Getting old before getting rich: Thailand’s story and lessons for Vietnam

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.

Finance Ministry plans to extend enterprises’ tax payments

The tax payment extension, which is not expected to reduce state budget revenue, will help enterprises have capital for production and business.

VN businesses struggle with skyrocketing prices

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.

UKVFTA boosts trade and investments between UK, Vietnam

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.

Tips for tour guides: yes or no?

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.

Post-pandemic recovery: new choices

The Covid-19 pandemic has caused businesses to realize the importance of adaptation, technology and renovation.

Regulations hindering enterprise development have been revived

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.

Vietnam’s market size attracts foreign investors

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 tycoons compete with foreign corporations

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.

1.4 million tons of ‘super food’ sells for only VND3,000 per kilo

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 price may hit 120 USD/barrel, Vietnam to face challenges

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.

 

Digital transformation to increase productivity: the only way to not lag behind

At Garment 10 Company, productivity increased exponentially after new technologies and digitalization of the production line were applied.

Petrol sales back to normal in HCMC

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 prepare capital to meet credit demands in 2022

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.

Labour market recovery looks toward flexible, safe adaptation

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.

13-year struggle ends with victory for Vietnamese investor

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.

“Non-financial" solution a contributory factor to improving business environment

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.