December 30, 2011
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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November 27, 2009
LookAtVietnam – More and more businesses have chosen to use virtual offices. However, they face obstacles because government agencies don’t know how to treat them. Vietnam now has about 20 virtual office service providers; there are ten in HCM City alone. The service providers say business is good; in fact, the economic downturn has driven [...]
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August 20, 2009
LookAtVietnam – Some 15 businesses have reported that they contacted the so-called Delaware Financial Company about borrowing money, but they never got loans. SBV said that the decision on the approval of the establishment of Delaware Financial Company with the signature of SBV’s Governor Nguyen Van Giau, shown by Delaware’s owners to businesses when negotiating [...]
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July 28, 2009
Many businesses don’t want to borrow money from the government to pay workers because they don’t want to admit that they have been having problems. Meanwhile, business owners have been slipping away into the night. Decision 30 states that the businesses that have difficulties in 2009 due to the economic downturn and still cannot pay [...]
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May 12, 2009
Government agencies promulgate policies which affect many thousands of businesses, but they don’t think that they need to consult the businesses. The Director of the Legal Department under the Ministry of Industry and Trade, Truong Quang Hoai Nam related that he sometimes is ‘confronted’ by his five brothers. They are owners of small private businesses. [...]
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April 22, 2009
Experts have been arguing about whether to rescue weak businesses by providing preferential loans, or let them get dissolved. The Government of Vietnam has announced the second demand stimulus package, which allows businesses to borrow money for investment at subsidized interest ratesThe Government of Vietnam has announced the second demand stimulus package, which allows businesses [...]
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April 14, 2009
A local business confidence index survey has found that a majority of domestic businesses retain strong confidence in revenue increases over the next 12 months. The survey, jointly conducted by the WVB Financial Information Service company and PVFC Invest, reported that half of the 150 businesses asked believe that their revenues will rise in the [...]
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April 7, 2009
LookAtVietnam – The widening of the dollar trading band, which was thought would depreciate the VND and help export companies, has had quite a different effect. Import companies have been experiencing more and more difficulties. Automobile import companies had not yet recovered from the VND/US$ exchange rate increases when the luxury tax law became effective [...]
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March 24, 2009
VietNamNet Bridge – A lot of securities companies try to pay high dividends in cash in order to reassure shareholders. However, experts said that shareholders’ confidence originates from businesses’ real ability, not from the high dividends. In November 2008, Nam Viet Joint Stock Company (ANV) announced it advanced the dividend at 18% of the shares’ [...]
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March 23, 2009
Despite a lot of Government support measures, businesses still complain that they find it difficult to access bank loans. The difficulties in bank loans access has always been the long term worry of businesses. The recent survey conducted by the Vietnam Development Forum and the Hanoi National Economics University showed that in the current period, [...]
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