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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December 23, 2011
A Petrolimex gas station in Hanoi Economists suspect that Vietnam’s biggest fuel companies, particularly Petrolimex, may have deliberately reported huge losses and shifted profits to subsidiaries to evade tax. A recent inspection of major oil importers, including Petrolimex, found that they paid retailers, many of them its own subsidiaries, higher commissions than allowed and reported huge losses. [...]
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October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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July 9, 2011
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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June 27, 2011
Coal mining in the northern province of Quang Ninh. Vietnam, a major coal exporter, imported its first load of the fuel this month. Vietnam imported its first load of coal this month even as it continues exporting large quantities of the fuel. This is irrational and the country should have stopped exporting it years ago, [...]
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June 19, 2011
No need to curb investments abroad by Vietnamese firms A tuk-tuk rides past a large advertising poster featuring investment fields by Vietnam’s group Hoang Anh Gia Lai in the Laos capital Vientiane. Laos and Cambodia are two markets that are easy for Vietnamese firms to invest in, an expert says. As of February, Vietnamese [...]
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April 9, 2011
An investor watches market movements at a securities firm in Ho Chi Minh City. Investors have called for tougher measures to deal with share price manipulators. Investors and experts have applauded the State Securities Commission’s recent decision to impose the highest possible fine on three market manipulators. However, even the maximum fine is no deterrent [...]
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February 8, 2011
The New York Stock Exchange is seen in 2010. President Barack Obama warmly courted top US executives, pledging to scrap regulation and lay the groundwork for innovation in a bid to “make America the best place on Earth to do business.” But he also stressed the “mutual responsibilities” of business and government in his speech [...]
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