Textile enterprises face difficulties in 2023

Textile enterprises face difficulties in 2023

The economic downturn and high inflation in many major export markets exerts difficulties on Vietnam’s textile exporters for 2023.
Businesses expect upward trajectory in confidence

Businesses expect upward trajectory in confidence

The domestic economy is gaining its strong growth momentum backed by a continued rise in enterprises’ confidence, promising a brighter growth landscape this year.
Acceleration of 4.0 tech to help prepare new job creation

Acceleration of 4.0 tech to help prepare new job creation

Vietnam is embarking on its next development stage as a lower middle-income country pursuing innovation to achieve further sustainable development – thus, raising labour productivity in enterprises is considered a key to create a new growth model.
Fiscal improvements stepped up to stimulate economy

Fiscal improvements stepped up to stimulate economy

With a new expectation for economic growth this year, the National Assembly is urging the government to accelerate implementation of the country’s socioeconomic recovery programme to further assist struggling enterprises and fuel the country’s rising development.
All policies on table to ignite enterprises

All policies on table to ignite enterprises

Despite the economy’s step-by-step growth recovery, Vietnam is facing high unemployment and major risks emerging in the global market where its performance depends, affecting the country’s economic prospects.
Demand for Vietnamese fruits and vegetables skyrockets overseas

Demand for Vietnamese fruits and vegetables skyrockets overseas

As fruit and vegetable exports to China face difficulties, many Vietnamese enterprises have spent hundreds of millions of dollars to invest in systems and processing plants to sell their products in Europe and the US.
Overtime adjustment to support operations

Overtime adjustment to support operations

The National Assembly Standing Committee is set to adopt a draft resolution on the overtime limit at enterprises after carefully considering proposals from the Ministry of Labour, Invalids and Social Affairs last week.
Enterprises on edge with oil price hikes

Enterprises on edge with oil price hikes

Rising fuel costs have forced companies in Vietnam to reconsider their business and production expenses.
Support packages setting up enterprises for positive 2022

Support packages setting up enterprises for positive 2022

In a bid to reach higher economic growth over the next few years, and with domestic production still struggling, the National Assembly will this week adopt a new fiscal and monetary package to provide some relief for the business community and the people.
Fresh push ahead for nation’s ever-improving enterprises

Fresh push ahead for nation’s ever-improving enterprises

Despite massive difficulties remaining due to the health crisis causing major disruptions in supply chains, domestic industrial production has continued bouncing back, promising a brighter picture for economic growth.
USAID initiative gives helping hand to SMEs

USAID initiative gives helping hand to SMEs

With the support of the Linkages for Small and Medium Enterprises (LinkSME) project funded by the US Agency for International Development, Vietnamese connections of such enterprises have been improving significantly, along with enhancements of their financial management and a more inclusive digital transformation.
Cash injection to give economy lease of life

Cash injection to give economy lease of life

A gigantic economic recovery and development programme worth nearly $35 billion is expected to drive the economy to a higher level of growth, with focus to be placed on supporting enterprises and individuals as well as increasing investment in infrastructure development.
Prompt adjustments ensure remedy for enterprises

Prompt adjustments ensure remedy for enterprises

The economic crisis caused by the spread of the COVID-19 pandemic has prompted an extraordinary response in Vietnam, driven by monetary and fiscal policy.
Hanoi clears up businesses’ tax concerns

Hanoi clears up businesses’ tax concerns

Enterprises, especially foreign-invested firms affected by the COVID-19 pandemic, had their tax-related concerns cleared up by the Hanoi Department of Taxation during an online conference on November 16.
Range of options on hand for protecting enterprises

Range of options on hand for protecting enterprises

The Ministry of Planning and Investment has issued a draft decree on government incentives for businesses during the pandemic. Dr. Oliver Massmann from Duane Morris LLP points out the key groups of tasks for governmental agencies to succeed in this venture.
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