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 [...]
Numerous domestic enterprises face bankruptcy due to a dearth of working capital. For example, Viky Plast Joint Stock Company (VKP) reported a VND13 billion ($634,000) loss for second quarter of this year, the ninth consecutive quarter it had taken a hit. Due to two years of losses, its owner’s capital fell 45 per cent to [...]
Firms are struggling to record positive profits amid a hostile business climate. Economic uncertainties have made scores of firms suffer losses. Profits coming from diverse sources other than companies’ conventional business lines have helped a number of firms escape the loss-making status. For some companies such profits came from asset liquidation. For instance, at the [...]
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