Lookatvietnam – Tien Phong (Vanguard) newspaper asked senior Planning and Investment Ministry economist Vu Xuan Thuyen when stimulus for small-to medium-sized enterprises was likely to begin. “I can guarantee that the SMEs will not have to buy US dollars at the high rates of last year”.Prime Minister Nguyen Tan Dung ordered a report about the [...]
The Ministry of Industry and Trade has proposed the government raise electricity selling prices which could further pressure enterprises struggling with the economic downturn. The power price rise for some enterprises would be the straw that breaks the camel’s back Vice minister of Industry and Trade Bui Xuan Khu last week said the price increase [...]
VietNamNet Bridge – The cabinet has agreed to use a 1 billion USD economic stimulus package to assist SMEs for the next 12 months, to help them to complete their projects in 2009. This decision was made during a conference on Jan. 15 which examined a range of other issues, including assistance to allow poor [...]
VietNamNet Bridge – The Danish embassy in Vietnam and the Central Institute of Economic Management (CIEM) issued a report on Vietnam ’s business environment and its small and medium-sized enterprises (SMEs) on Jan 15. Titled “Characteristics of the Vietnamese Business Environment: Evidence from a SME Survey in 2007,” the report addresses a wide range of [...]
The government has decided to reduce corporate income tax for small- and medium-sized enterprises (SMEs) by 30 percent from the fourth quarter of last year and through 2009. The Ministry of Finance on Tuesday said SMEs making agricultural produce, seafood, textiles and garments, footwear and electronic parts would be eligible for the tax break.To qualify [...]
VietNamNet Bridge – Vietnam’s leading experts have urged small and medium-sized enterprises to be among the prioritized beneficiaries of the Government’s stimulus package that could mount to US$6 billion as this sector is important to supporting economic growth and demand. The US$1bil will benefit the projects which are underway but which are facing difficulties with [...]
VietNamNet Bridge – Next year will see the deployment of 150 energy-saving projects by small and medium-sized enterprises (SMEs), in an effort to reduce both greenhouse gas emissions and production costs. The master-plan aims to encourage the use of environment-friendly technology and effective management of energy use among SMEs involed in the production of bricks, [...]
VietNamNet Bridge – Of the two permanent problems of businesses, capital shortage and the outlets of products, the outlet deadlock which is due to the lower purchasing power proves to be the biggest worry for businesses now. Nguyen Danh Truyen, Director of the Hanoi Shipbuilding Joint Stock Company, said that the thing that worries him [...]
VietNamNet Bridge – Chairman of the Vietnam Association of Small and Medium Enterprises (Vinasme), Cao Sy Kiem, has urged the Government to take action to rescue SMEs in danger of claiming bankruptcy, estimated at 20% of all SMEs. SMEs make up 40% of GDP and put out 30-40% of export and consumer products for the [...]
VietNamNet Bridge – A workshop to discuss opportunities in software processing industry for small- and medium-sized enterprises (SMEs) opened in Hanoi on Oct. 27. Vietnam has some 1,000 companies operating in the software industry.Participants to the three-day workshop included 20 representatives from APEC member economies, experts from US and India’s software groups, and local ICT [...]
