The Vietnam Chamber of Commerce and Industry (VCCI) and the SME Support Japan organisation introduced J-GoodTech, a Japanese online business matching platform, to Vietnamese enterprises on June 19.

The Covid-19 crisis may prevent Vietnam from its plan to have 1 million businesses by the end of 2020.

Vietnamese enterprises, hit hard by Covid-19, may be the ‘aiming points’ of foreign ‘sharks’ attempting to swallow up enterprises at low costs.

A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.

Many businesses will struggle if the pandemic lasts a long time, leaving them vulnerable to foreign takeovers, experts say.

Quang Ninh led all 63 provinces and cities nationwide to top the Provincial Competitive Index (PCI) for the third consecutive year in 2019.

Some 53% of businesses in Vietnam reportedly paid informal charges to local authorities in 2019, far below the figure of 66% recorded in 2016, according to the Vietnam Provincial Competitiveness Index (PCI) 2019.

The Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) will jointly publicise the 2019 provincial competitiveness index (PCI) at a ceremony in Hanoi on May 5.

The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.

The number of businesses which stopped operation in Vietnam hit a record number of nearly 35,000 in the first quarter of this year, according to the Vietnam Chamber of Commerce and Industry (VCCI).

The expected execution of the EU-Vietnam Free Trade Agreement in 2020 will create great pressure on Vietnamese logistics businesses, insiders said.

The health of businesses reflects the ‘health’ of the national economy. 

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, VCCI Chairman Vu Tien Loc said.

The proportion of women-owned businesses has tended to increase over recent years, from about 21% in 2011 to 24% in 2018, according to a survey report by the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam's reform process needed to step up a gear in order for the country to become one of the top four in ASEAN in terms of business climate, Chairman of the VN Chamber of Commerce and Industry (VCCI) said at a conference on Tuesday.

Though investment in condotels is expected to benefit the economy and the real estate sector, the condotel market is facing major challenges, heard attendees at a forum on the legal corridor for the condotel segment.

Corruption increases the cost of doing business, distorts the competitive environment, limits opportunities for investment and widens the growing social inequality, according to a UNDP expert.

Vietnam’s logistics industry can reap the rewards of the country’s growing economy.

A mechanism indicating fair, transparent and objective rules for ASEAN economies and their enterprises is needed to resolve trade issues when products are exported between markets.

Vietnamese enterprises are not doing enough to learn about the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which make them fail to grasp opportunities arising from the trade deal.