Businesses

Update news Businesses

Import-export companies weep from new customs regulation

 VietNamNet Bridge – The new regulation on the procedures for customs clearance has led to the fact that imports and exports have got stuck at customs and management agencies.

BUSINESS IN BRIEF 8/11

Footwear exports aim for US$8 billion; ÆON Japan invests in Vietnam;  Businesses suggest tax, customs overhaul; FDI up 65.5% in 10 months; Hanoi to host 28th Asian Advertising Congress

Tax agencies disagree, businesses like fish on chopping board

 VietNamNet Bridge – Businesses complain that they always meet with difficulties when getting tax refund, even though the VAT refund has been stipulated by the laws.

Irrecoverable debts on sharp rise

 VietNamNet Bridge – Of the VND6.5 trillion worth of debts the Vietnam Asset Management Company (VAMC) has bought so far, 67 percent is in the real estate sector.

Two-thirds of enterprises incur losses

 VietNamNet Bridge - Up to two-thirds of 450,000 local enterprises have reported losses in business this year, said Deputy Minister of Finance Do Hoang Anh Tuan at a conference in Hanoi on Wednesday.

BUSINESS IN BRIEF 3/11

 VN Airlines to sell 2.7% stake in bank; Vietnam enjoys 26% surge in export to Canada; Promotion month launched in Hanoi; Investors concerned about corruption in Vietnam; PM opens up to world credit ratings

One and all businesses evade tax, national purse torn

Big enterprises have been found as evading tax--foreign invested enterprises were involved in transfer pricing scandals, while state owned economic groups repeatedly insist on tax exemption and reduction.

Banks buy corporate bonds instead of lending to businesses

The banks’ move of pouring big money into corporate bonds, in the eyes of analysts, is a form of providing loans to businesses. Analysts have warned that it will be very difficult to settle the bad debts from the bond investments.

Vietnamese businesses don’t want to grow up

 VietNamNet Bridge – There are two reasons that make businessmen refuse to expand their business scale.

Vietnamese and the “$1billion business ambition”

 VietNamNet Bridge – Despite the current big difficulties, a lot of Vietnamese enterprises still have been nurturing the ambitious plan of obtaining the turnover of one billion dollar.

10,000 businesses resume operation

The number of newly-established companies in January-July period increased by 8.4 percent, while many enterprises which temporarily ceased operation resumed their activities, according to the Ministry of Planning and Investment.

Online forums become a threat to VN businesses

webtretho.com and lamchame.com, the forums of the parents and consumers, have become the big threat to Vietnamese producers, because the forums’ members there may kill them one day with just their comments.

Businesses ill-prepared for natural disasters

 VietNamNet Bridge – Few Vietnamese enterprises have paid proper attention to handling natural disasters or preparing business continuity plans, putting themselves and the community at risk.

How to “play” with China for mutual benefit?

As a girl just wonders "Love is pain but it is great loss without love" so how should she do. The issue is which way that she "loves" to earn "profit" not to get loss from “love”. It is similar for the trade relations between Vietnam and China.

Vietnamese businesses must know how to “play” with China

There is no reason for Vietnamese businesses to keep away from the Chinese market while Chinese traders have entered every alley in Vietnam.

Venture funds have superfluous capital, but lack projects

Venture funds have still been seeking opportunities to enrich their investment portfolios.

SOEs’ bad debt a threat to public debt payment

The government would have to come forward to make payment for the debts incurred by state owned enterprises (SOEs), which would be a threat to the national economy.

Taxes and fees raise violent controversy in 2012

While the government weighed and measured out every dong of the bailouts to businesses, ministries tried everything they could to impose higher charges and fees on enterprises, which were nearly at the point of death.

Bankers invite businesses for loans with insistence, borrowers remain cold

Commercial banks have launched a series of promotion campaigns, inviting people to loans at preferential interest rates. However, their invitation has not been replied to.

Newly born businesses can’t compensate for the losses left by dead businesses

While the Ministry of Planning and Investment (MPI) shows optimism when stating that there have been more newly set up businesses than dead enterprises, economists don’t.