positive outlook for vietnams steel industry in 2024

Positive outlook for Vietnam's steel industry in 2024

The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.
small business confidence high as vietnam expects robust economic growth

Small business confidence high as Vietnam expects robust economic growth

Small businesses in Vietnam are confident of a positive 2024, with 86 per cent projecting they will grow on the back of robust economic growth, improving on the previous two years, CPA Australia’s annual survey shows.
crucial small business arena to receive reduced cit boost

Crucial small business arena to receive reduced CIT boost

A reduction in corporate income tax is expected to materialise for smaller enterprises in Vietnam, helping them improve competitiveness.
care and mastercard to launch strive women in vietnam

CARE and Mastercard to launch Strive Women in Vietnam

New programme will focus on women-led micro and small businesses as it aims to reach two million entrepreneurs in key regions of Vietnam over four years.
vietnams healthy trading market potential highlighted

Vietnam’s healthy trading market potential highlighted

While trade finance has been developing steadily in Vietnam, banks are taking an active part in exploring new instruments, while advocating for enhanced transparency and streamlined processes within small businesses.
five trends driving small business success in 2023

Five trends driving small business success in 2023

As digitalisation has become a new norm for business development, Jeni Mundy, global head of Merchant Sales & Acquiring at Visa, has pointed out five trends driving small business success in 2023.
helping small businesses to support global supply chains

Helping small businesses to support global supply chains

The lack of credit for small- and medium-sized enterprises to participate in global trade is stifling growth and making supply chains more vulnerable.
small business support programmes need to deliver in the wake of the pandemic

Small business support programmes need to deliver in the wake of the pandemic

While not yet through the darkness, greater access to vaccines and better treatments illuminate a future without a crippling global health pandemic, says Winnie Wong, Mastercard country manager for Vietnam, Cambodia, and Laos.
36 million for the improvement of vietnams private sector competitiveness

$36 million for the improvement of Vietnam's private sector competitiveness

The United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) have just launched a new project focusing on building the competitiveness of Vietnam’s private sector.
promoting northwest economic development with australian support

Promoting northwest economic development with Australian support

A delegation from the Australian Embassy in Vietnam visited the northwest to meet with local farmers and businesses who are benefiting from Australian-funded projects to see first-hand how the projects are improving livelihoods and economic opportunities for local farmers, cooperatives, and small businesses in the region.
new small business formation up 35 per cent on year in asia pacific region

New small business formation up 35 per cent on-year in Asia-Pacific region

To shed light on the impact the global health crisis – and ongoing recovery – has had on small businesses globally, Mastercard released its latest report "Recovery Insights: Small Business Reset".
helping small businesses and female entrepreneurs endure

Helping small businesses and female entrepreneurs endure

After avoiding the worst of the pandemic’s economic impacts for over a year, Vietnam is now facing its worst outbreak. The General Statistics Office reported that retail sales of goods and services fell 20 per cent between last and this July, and in the July supplement to the Asian Development Outlook, the Asian Development Bank lowered its forecast for Vietnam’s economic growth for 2021 from 6.7 to 5.8 per cent. Further downward revisions are likely if lockdowns persist.
dont delay moves in developing a small business restructuring plan

Don’t delay moves in developing a small business restructuring plan

If you have a small business with too much debt, you will need to know about the new small business insolvency reforms.
local coffee brands diversify operations to boost exports

Local coffee brands diversify operations to boost exports

Vietnamese producers continue to have a faint imprint on the world’s deep-processed coffee market, and many small businesses are now beginning to pay more attention to branding, while larger ones seek new ways to increase export output.
adapting through uncertainty a survival kit for small businesses

Adapting through uncertainty – a survival kit for small businesses

The pandemic has undoubtedly motivated new behaviours, altering people’s lifestyles and the way businesses make payments as they adapt to the new normal.