Posts Tagged ‘ Foreign-invested ’

Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   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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Big gap remains from Tet, New Year bonus high of $52,300 

December 30, 2011
Big gap remains from Tet, New Year bonus high of $52,300 

Garment workers are among those receiving low Tet, New Year bonuses this year   Vietnam’s highest Tet and calendar New Year bonus for an individual this year as of December 27 was paid by a foreign-invested firm in Ho Chi Minh City at more than US$52,300. The company, which is not named, paid the country’s largest [...]

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Tax break proposal aims at practical inflation relief 

July 9, 2011
Tax break proposal aims at practical inflation relief 

  Factory workers change shifts at the Thang Long Industrial Park outside of Hanoi. The government is seeking approval from the National Assembly to suspend tax collection from those with a monthly income of less than VND9 million (US$440). The Ministry of Finance has submitted a proposal on tax breaks that will last through the [...]

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No bonus point 

January 1, 2011
No bonus point 

  Higher Tet bonuses this year could have lower value when buying goods Customers pay for goods at a grocery store in Hanoi. Although bonuses for this Tet are higher, workers are struggling with price hikes. Riding on improved production and trade, businesses in general have promised higher bonuses for the upcoming Tet holiday than [...]

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Authorities assail pyramid-schemers 

November 21, 2010
Authorities assail pyramid-schemers 

A market management officer seizes products of a direct sales company in Ho Chi Minh City at the end of last year. Yagho Vietnam was found to engage in false advertising related to the health benefits of its jewelry and clothing products. Local authorities say direct sales firms have violated local laws despite fairly recent [...]

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Foreign invested universities have slow growth in Vietnam

February 3, 2010
Foreign invested universities have slow growth in Vietnam

LookAtVietnam – Only three foreign invested universities have been established in Vietnam over the last 12 years, while growth in domestic universities has been huge. The Ministry of Planning and Investment (MPI) has submitted a report on university education to the National Assembly’s Standing Committee outlining the state of higher education. According to MPI, in 1998-2005, [...]

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Private enterprises yet to leave their mark

January 30, 2010
Private enterprises yet to leave their mark

Domestic private enterprises need to find their teeth if they are to bite into bigger chunks of the market. LookAtVietnam – Domestic private enterprises have failed to step up to the plate in the decade since the Enterprise Law came into force.  The latest Central Institute for Economic Management (CIEM) report on the implementation of [...]

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BUSINESS IN BRIEF 25/1

January 26, 2010
BUSINESS IN BRIEF 25/1

VN to export 750,000 tonnes of rubber in 2010; Embassy in Germany meets Vietnamese businesses; Hanoi to attract 180 million USD into IZs in 2010 The Vietnam Rubber Association predicted that this year’s total rubber exports will hit 750,000 tonnes, valued at over 1.5 billion USD. The association said that 2010 promises a growing year [...]

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Escalated prices reduce value of higher Tet bonuses

January 11, 2010
Escalated prices reduce value of higher Tet bonuses

Workers buy shoes on the street near the Bac Thang Long Industrial Park in Hanoi. Workers worry inflation will null the value of their extra holiday money. Holding a package of vegetables, tofu and cooking oil she planned to cook dinner with, Le Thi Ha returned to her dilapidated room dead tired after working overtime.She [...]

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Energy projects to power up FDI figures

January 11, 2010
Energy projects to power up FDI figures

LookAtVietnam – Multi-billion dollar foreign-invested power projects are anticipated to be a shining light in Vietnam’s 2010 foreign direct investment picture. LookAtVietnam – Multi-billion dollar foreign-invested power projects are anticipated to be a shining light in Vietnam’s 2010 foreign direct investment picture. According to the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency (FIA), [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...