Unlike China’s crackdown on entrepreneurs, Vietnam’s Communist Party allows private tycoons to accumulate wealth in relative peace.
Arrest of developer FLC’s founder highlights fraying of ties with Communist Party
The Prime Minister has just issued Decision No. 360/QD-TTg approving the project “Restructuring state-owned enterprises (SOEs) to restructure poorly performing state-owned economic groups and corporations in the 2021-2025 period to make them stronger.
This year, Vietnam will create a digital economic consulting network at the communal level to assist small and medium-sized enterprises (SMEs) in their digital transformations. At a conference to step up the implementation of a programme to boost digitisation in SMEs, the…
Many companies reported their first or highest quarterly losses in the third quarter as the fourth Covid-19 wave caused sales to plunge and costs to surge.
Vietnam’s 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.
At 1:30 a.m. Hai left the line of colleagues waiting to take a shower, giving up after five hours of waiting.
Business groups say tough Covid restrictions make it increasingly difficult to operate
Production facilities in HCMC are struggling to meet the stringent new reopening conditions related to Covid infections and commuting.
HCMC’s extension of social distancing until Sep. 30 is increasing the financial burden on them and causing many to consider moving out of Vietnam, foreign companies warn.
Chinese manufacturers in southern Vietnam are suffering amid lockdowns and business closures, and they are not confident restrictions will be relaxed soon. A growing number of Chinese manufacturers have moved to Vietnam since the start of the trade war to…
Vietnam’s Covid-19 hotspot Ho Chi Minh City has twice extended its lockdown, hitting manufacturers trying to export items such as clothing. An economist said the fourth wave is more devastating for labour migrants, informal workers and those in service industries…
Other companies expected to follow suit as government signals private purchases
Conglomerate seeks to sell high-end vehicles including electric cars as it ponders US IPO
Vietnam has long been known as a hub for low-skill manufacturing—think T-shirts, shoes and so on—but as the country seeks to move up the manufacturing value chain, success stories like Modmo are helping to demonstrate the nation’s potential for becoming…
Automaker VinFast has signed a memorandum of understanding on strategic cooperation with Taiwan’s ProLogium Technology Co.. Ltd. on production of batteries for electric cars in Vietnam.
Vietnam’s progress toward a more liberal, market-friendly economy has proceeded in fits and starts.
Some 25,750 enterprises closed down in January, according to the Department of Business Registration, which blamed it on the severe impact of Covid-19.
Samsung and Apple’s OEM partners are the latest US tariff-eluding manufacturers to shift production from China to Vietnam
Vietnam’s plan to privatise scores of state-owned enterprises (SOEs) has fallen further behind schedule amid the pandemic, with only 37 companies divested so far out of a target of 128 in the 2017-2020 period, the Ministry of Finance said.
State-owned enterprises were viewed as a dominant contributor to the development of Vietnam’s economy. But because the state sector is inefficient, and Vietnam is increasingly integrating internationally, the private sector is growing.
Vietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam.