January 11, 2012
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]
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Posted in Reports | Comments Off
January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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Posted in Reports | Comments Off
January 9, 2012
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue. Prime Minister Nguyen [...]
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Posted in Politics | Comments Off
December 12, 2011
Some important state-owned enterprises, including PetroVietnam, will remain owned by the government Some of the losses that state-owned enterprises incurred were due to their attempts to keep prices stable and to rein in inflation, Prime Minister Nguyen Tan Dung said Thursday. He said state utility Electricity of Vietnam, for instance, had to sell power below cost [...]
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Posted in Business | Comments Off
November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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Posted in Politics | Comments Off
November 14, 2011
President Barack Obama arrives during the first plenary meeting at the APEC Summit in Honolulu, Hawaii November 13, 2011. The head of Boeing chose his words carefully as he explained to President Barack Obama the “dilemma” that Corporate America faces in trying to do business in China. “We see a world where our interests lay [...]
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Posted in International | Comments Off
November 12, 2011
State-owned companies have been asked to divest from the financial sector The State Bank of Vietnam has rejected claims that non-bank financial institutions in the country will be eliminated, saying state-owned companies have only been asked to cut back their investment in the sector. There have been some reports that the government will get rid of [...]
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Posted in Business | Comments Off
August 8, 2011
An individual income tax exemption for those earning less than VND9 million a month has been approved The National Assembly Saturday agreed to cut a variety of taxes as proposed by the government in an attempt to boost the economy. The tax measures, passed by 82 precent of the NA members, include an individual income [...]
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Posted in Politics | Comments Off
May 15, 2011
A file photo taken at a tax office in Vietnam Enterprises need to refrain from tax avoidance practices and it is time for them to stop prioritizing profits over social responsibilities, the Ho Chi Minh City tax authority has said. Nguyen Trong Hanh, deputy director of the city’s tax department, told a gathering of mostly [...]
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Posted in Business | Comments Off
March 29, 2011
Vietnam aims to keep credit growth at less than 20 percent this year, but the move has hit small businesses hard Small companies in Vietnam struggling with limited capital are facing difficulties in securing loans from banks due to the tight monetary policies implemented by the government, lawmakers say. Cao Sy Kiem, chairman of the [...]
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Posted in Business | Comments Off
