The business confidence index (BCI) in the second quarter reached just 88 points, down 21 points against the previous quarter. It represents the biggest drop since the index was first adopted in Viet Nam in 2008. WVB Viet Nam Financial Intelligence Services (WVB FISL) surveyed 127 businesses in 11 primary sectors and industries in Viet [...]
A series of drastic measures have been taken to prevent businesses from going dissolved or bankrupted. The tax incentives initiated by the Ministry of Finance are believed to be very useful. The overly high bank loan interest rates, the fluctuating input material prices and the narrowed markets all have put thousands of enterprises into big [...]
While many southern brands have become very popular in the North, northern businesses still find it hard to penetrate the southern market which they believe are very promising. Marching towards the south In the last five years, many enterprises in the north have been eyeing the southern market in their plan to expand the market [...]
Investors in central Ninh Thuan Province have been able to have their business applications processed at just one office since last October, saving them time and money, said Truong Xuan Vy, director of the Economic Development Office (EDO). The EDO, which comes under the auspices of the provincial Planning and Investment Department, was established last [...]
Low wages and high goods prices have prompted workers to quit their jobs to seek better jobs which can bring the income high enough to cover the increased expenses. The topic, which caught the special attention at the conference of key leaders of the Vietnam Railway Corporation held recently, was that more and more workers [...]
Constrexim’s main products are interior furnishings like wardrobes, chairs and tables, but the company no longer finds it worthwhile to make them. It has shifted to making semi-finished products, mainly wooden planks, that are sold to local companies or exported to Japan. It is not the only change the company has made recently. It has [...]
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