H&M va cesser progressivement ses approvisionnements en Birmanie
Le géant suédois du prêt-à-porter H&M a décidé de cesser progressivement ses approvisionnements en provenance de Birmanie, a-t-il déclaré jeudi à Reuters, après des allégations de violations croissantes des droits des travailleurs dans des usines textiles du pays.
Why did Lego choose Vietnam, not China, to build first carbon-neutral factory ?
Toy behemoth’s move reflects how like-minded multinational firms are diversifying supply chains away from what has been known for decades as the world’s factory . Lost investment dollars amid the US-China trade war and pandemic have sparked concerns within China,…
Grab rival Be Group gets $60 million loan for Vietnam expansion
Be Group seeks to challenge Grab’s dominance in Vietnam: CEO. Be’s app has been installed on over 20 million mobile devices.
Why Vietnam doesn’t squeeze its super-rich tycoons
Unlike China’s crackdown on entrepreneurs, Vietnam’s Communist Party allows private tycoons to accumulate wealth in relative peace.
Vietnam’s new conglomerates in crosshairs of corruption crackdown
Arrest of developer FLC’s founder highlights fraying of ties with Communist Party
Vietnam to restructure poorly performing SOEs to make them stronger
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.
Vietnam plans network to aid digital transformation of SMEs
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…
Companies report first, record-high losses in Q3
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.
State-owned companies accumulate $505 mln losses
Vietnam’s 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.
From bathroom queues to loud sex : workers’ on-site travails
At 1:30 a.m. Hai left the line of colleagues waiting to take a shower, giving up after five hours of waiting.
Vietnam warned strict lockdown forcing companies to move manufacturing
Business groups say tough Covid restrictions make it increasingly difficult to operate
HCMC ‘four green’ scheme to reopen impracticable, say factories
Production facilities in HCMC are struggling to meet the stringent new reopening conditions related to Covid infections and commuting.
HCMC’s continued social distancing vexes foreign firms
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 forced to halt production in Vietnam as coronavirus surge grows
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…
As Vietnam’s coronavirus surge continues, lockdowns take their toll on factory output, small businesses
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…
Vietnam brewer Sabeco aims to secure COVID vaccines for workers
Other companies expected to follow suit as government signals private purchases
Vietnam’s Vingroup plots ambitious push into US car market
Conglomerate seeks to sell high-end vehicles including electric cars as it ponders US IPO
The Vietnam-built electric bike looking to replace your car
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…
VinFast to produce batteries for electric cars in Vietnam
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.
A dream deferred ? The ‘equitization’ of Vietnam’s state-owned enterprises
Vietnam’s progress toward a more liberal, market-friendly economy has proceeded in fits and starts.
Nearly 26,000 enterprises shut down in January
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.
A plea for help as China loses jobs to Vietnam
Samsung and Apple’s OEM partners are the latest US tariff-eluding manufacturers to shift production from China to Vietnam
Vietnam privatisation plans further behind schedule due to pandemic
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.
The paradoxes of private sector development in Vietnam
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
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.