Private enterprises seem to be at a disadvantage compared with foreign invested enterprises (FIEs) on the home playfield. For the last many years, FIEs in Vietnam have been raising their voice asking for a leveling competition environment, where they can join a fair competition with domestic enterprises. However, experts have pointed out that in fact, [...]
A lot of economic groups and general corporations are trying to sell stakes in order to reduce the investments in non-core business fields, because they know that they will have to do this, sooner or later. The Ministry of Finance is drafting the decree on the capital use and finance management at state owned enterprises [...]
Businesses have complained that they have incurred big losses due to the “dirty PR campaigns” on the Internet carried out by their rivals. Meanwhile, the penalties prove to be not heavy enough to render the violators. In the digital era, there are many ways of speaking ill of the rivals, and one of the most [...]
Enterprises in Vietnam are going through a tough period as they are facing three mahor problems including capital shortages, surging material prices and stagnant demand. Commonly, despite feasible projects and vigorous plans many are reluctant to expand operations and even narrow businesses down due to high-sky interest rates. Ly Kim Chi, vice chairwoman of the [...]
There are radical changes in current business landscape compared to several months ago with scarce capital and growing stockpiles firms’ largest burdens at present, Vietnam Chamber of Commerce and Industry (VCCI) general secretary Pham Thi Thu Hang tells VIR. The government’s recent decision on corporate income tax reductions for small- and medium-sized enterprises (SMEs) from [...]
Reducing profits, incurring losses, having to scale down production or shutting down workshops temporarily are the common situation of 30 percent of total enterprises. The finance reports for the first six months of the year show the sharp fall of profits of enterprises. Most enterprises have high proportions of bank debts. Especially, the debts of [...]
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