Vietnam's M&A activity bounces back in Q1
After a rather gloomy 2023, merger & acquisition (M&A) activity in Vietnam recorded a significant recovery in the first quarter of 2024.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Greenback surge appears a mixed bag for Vietnam businesses
As expected, the recent surge in the U.S. dollar against the Vietnamese dong (VND) has benefited exporters handsomely while importers are feeling the pinch of paying more for their purchases.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Discrepancies between preliminary, audited financial reports remain thorny
A disparity between preliminary reports issued by many Vietnamese businesses and their audited financial statements has persisted on the stock market for years, leading to distorted stock prices and adversely affecting investors’ interests.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businesses in Vietnam’s oldest industrial park to relocate before 2026
The relocation of enterprises from Bien Hoa 1 Industrial Park in the southern province of Dong Nai will be completed in December 2025, said local authorities.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Number of new businesses in Vietnam up 7% in Q1
Vietnam’s General Statistics Office (GSO) estimates 36,200 new businesses entered the market in Q1/2024, up 6.9% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businesses offer recommendations to secure Vietnam stock market status upgrade
Representatives of businesses, investment funds and securities companies have recommended no foreign ownership limit (FOL), technology application improvement and diversification of stocks listed on the Ho Chi Minh Stock Exchange (HoSE) in an effort to upgrade Vietnam's stock market status.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southern Vietnam businesses resume operations, spend big to retain workers after Tet
New orders have prompted many businesses in Ho Chi Minh City, Binh Duong and Dong Nai provinces to resume operations right after the Lunar New Year holiday (Tet), welcoming a large number of employees back to work.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese businesses positive about 2024 prospects
Vietnamese businesses in general have shown optimism in making their 2024 plans, citing signs of global economic recovery and belief in the government's policies and efforts to revive the economy.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Fear of responsibility' prevalent among business staff, authorities when it comes to tax issues
Strong tax reforms have created great advantages for enterprises, but both businesses and tax authorities still face many problems fulfilling their tax obligations due to confusing regulations and the “fear of responsibility", said Nguyen Van Phung, former head of the Bureau of Large Enterprises Management under the Ministry of Finance’s General Department of Taxation.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shifting to domestic market, Danang businesses expect to navigate 'storm'
Many businesses in the central city of Danang have shifted to the domestic market to cope with export difficulties, gradually stabilizing production and ensuring jobs for workers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam businesses “surf thousands of waves” to survive: businessman
Vietnamese entrepreneurs are steering their “ships” to “ride thousands of waves” towards recovery and growth, said Nguyen Quoc Bao, chairman of Thanh Cong Investment JSC (TCC).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam enterprises should learn to “dance” through storms: official
Vietnamese businesses need to learn to "dance" through storms, said Dr. Vu Tien Loc, a member of the National Assembly’s Economic Committee and president of the Vietnam International Arbitration Center (VIAC).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Restructuring key to businesses’ development: executives
Leaders of large enterprises such as Phu Nhuan Jewelry JSC (PNJ) and Decathlon Vietnam have emphasized the crucial role of corporate restructuring to businesses’ sustainable development.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Ninh an investment haven, official tells South Korean firms
Quang Ninh has a modern transportation system, an open investment environment and guaranteed social security, a senior provincial official told a visiting South Korean business delegation last weekend.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
VAFIE to continue proposing solutions to remove obstacles for businesses
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) will continue to propose solutions to remove difficulties for enterprises and help them recover production and business activities from now until the year-end, stated the association on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy confronts 'headwinds' and 'whirlwinds': expert
The Vietnamese economy is facing two external ‘headwinds’ and two internal ‘whirlwinds’, said Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy (BCSI).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM issues instructions to extinguish fire safety issues
Prime Minister Pham Minh Chinh has ordered relevant authorities to make fire safety regulations more convenient for businesses while still minimizing risks.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Too many inspections irk businesses: VCCI official
The bigger businesses are, the more inspections they face, said Dau Anh Tuan, vice secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Land use rights proposed to be mortgaged for foreign loans
Vietnam should have a mechanism allowing its enterprises to mortgage land use rights and assets attached to land to raise foreign capital, said Darryl Dong, principal financial specialist at the International Finance Corporation (IFC).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
No business 'too big to fail': economist
It’s time for enterprises to look back and take responsibility for what they have done, and absolutely comply with the law as no business is "too big to fail", said Dr. Nguyen Duc Kien, former head of the Prime Minister’s Economic Advisory Group.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
South-central Vietnam seeks to attract huge investment from India
Localities in south-central Vietnam have actively expanded cooperation with Indian businesses in an effort to lure capital flow from the billion-strong market.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese banks cut lending rates
A series of Vietnamese banks, both State-run and private, have announced interest rate reductions of 1-3 percentage points and preferential credit packages.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC businesses struggle to survive amid exhausted cash flow
Small- and medium-sized enterprises in Ho Chi Minh City, Vietnam’s southern economic hub, are looking at every way possible to survive as they are unable to access bank loans to cover employee salaries and operational costs.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
High interest rates cause misery for businesses
Companies in Ho Chi Minh City, Vietnam's economic hub, are facing extreme difficulties due to high lending interest rates and some are considering selling up to pay debts, businesses told a dialogue with municipal authorities on Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businesses beg for delay in bond repayment
A series of businesses have announced their inability to repay bond debts and proposed postponement or rescheduling amid a severe lack of capital.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry proposes tax payment extensions for businesses
The Ministry of Finance has asked the government to approve tax payment extensions and postponements for businesses in 2023.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Positive solutions needed to ease Vietnamese firms’ capital thirst: expert
Vietnamese authorities should provide positive solutions to quench businesses’ thirst for capital, thus helping them gradually recover, said Le Xuan Nghia, member of the National Financial and Monetary Policy Advisory Council.
Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businesses struggle for New Year worker bonus amid dearth of orders
Companies in Ho Chi Minh City and neighboring provinces are struggling to keep workers and give them a happy Lunar New Year (Tet) holiday amid a thirst for capital and orders.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Don't be too optimistic about 2022 growth figures: economist
Vietnamese regulators should not be over-optimistic as GDP growth rates in Q3 and the whole year of 2022 are only temporary and difficult to maintain until 2023-2024, says Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tragedy strikes real estate salespeople, businesses
The gloomy real estate market has driven many real estate businesses to dispair, with large developers like Novaland, Danh Khoi, Van Phuc, and Nam Group laying off employees, owing wages of up to three months, or even making quarterly wage payments.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Unprecedented capital shortage an existential crisis for Vietnamese companies
Unprecedented cash flow difficulties, including a lack of working capital and capital for medium-term and long-term investment, have placed many Vietnamese companies in a precarious situation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms struggle to survive serious capital thirst
Many Vietnamese enterprises are struggling to survive as the time of easy and cheap capital flows have ended, with hiked interest rates and fluctuating exchange rates.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Doing nothing better than doing business: entrepreneur
Struggling with difficulties in accessing bank loans, rising interest rates and other problems, Phan Phuoc Loc, director of Dai Phuoc Long Cement JSC, says “doing nothing is now better than doing business.”
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Supply chain disruptions hit Vietnam businesses
Companies in Vietnam are facing problems triggered by disrupted supply chains worldwide, placing the Vietnamese economy under pressure in its post-pandemic recovery.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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