Business

Vietnamese small businesses cannot grow up
25/04/2013 04:07
The recently released report of the Central Institute for Economic Management (CIEM) showed that in 2009-2011, only 31 small and tiny enterprises grew up into medium scaled enterprises, while 133 small and medium enterprises turned into small and tiny ones. The conclusion has been made after...
Caution urged on giant PTT project
24/04/2013 03:35
� Illustration photo � The group said that the Vietnamese government had to carefully study the feasibility of the proposed mammoth Nhon Hoi refinery and petrochemical complex. According to PetroVietnam, the complex’s proposed plan conducted by the Thai firm (PTT) had not...
Lotte cherishes ambitious business plan in Vietnam
24/04/2013 03:30
Right after wrapping up the deal of buying the Kotobuki’s 70 percent capital contribution in the Hai Thanh – Kotobuki joint venture, Hotels & Resorts Lotte, a subsidiary of Lotte group, has immediately added “Lotte” into the hotel, changing it into “Lotte Legend...
What will Samsung bring to Vietnam?
23/04/2013 07:36
By the end of 2012, Samsung Electronics Vietnam (SEV) had disbursed $950 million out of the total $1.5 billion worth of capital registered for the mobile phone and tablet factory in Bac Ninh province.� Big exports A report of the local customs agency showed that in 2012, SEV exported...
Cash flow keeps heading for government bonds
23/04/2013 07:32
The audited finance reports released by commercial banks since late March all show the banks’ profit decreases because of the lower income from credit. VietinBank, for example, reportedly had the income from net interests decreasing by 8.1 percent in 2012, which then led to the pretax...
Business difficulties likely to continue
22/04/2013 06:27
This was according to the Viet Nam Chamber of Commerce and Industry (VCCI) survey of more than 600 enterprises in December 2012, announced in its Enterprise Annual Report launched yesterday in H Noi. The chamber's survey found that 10.4 per cent of enterprises might narrow down their...
Despite difficulties, foreign auto manufacturers still squeeze into Vietnam
17/04/2013 07:28
Betting on the future Analysts have forecast that about 100,000 cars would be sold in 2013, a modest figure for more than 10 big automobile manufacturers in Vietnam. However, the manufacturers believe that Vietnam’s market would be bigger after 2020, when Vietnam’s income per...