Smes

Dang Hong Anh, Chairman of the Vietnam Young Entrepreneurs Association (VYEA) said credit institutions should take the initiative in working with SMEs and startup on their loan proposals and apply secured lending measures based on borrower capability assessment. They can get VYEA branches in 63 provinces and cities to help verify borrower capability, he said. … [Read more...] about Current policies still leave SMEs thirsting for capital

K-water will launch Vietnam's first smart water management project The 10 small and medium-sized venture companies include Dongwoo Engineering Co., Mirae E&I Co., Samsung Instrument Co., Samjin Precision Co., Scotra Co, USOL Co., EcoEnergy Solutions Inc., Fieldsolution Co., Hydronet Co., and Hitec EPC Co. … [Read more...] about K-water joins SMEs to bring smart water management to Vietnam

Hanoi (VNA) - Vietnamese businesses lack a proper strategy to build brands, a survey by British brand consultant Mibrand has found. An online survey last month of 200 small and medium-sized firms in Hanoi and HCM City in many sectors like IT, finance and banking, retail, insurance, healthcare, and dining services found most of them building their brands by themselves but without having the tools for it. Among the biggest problems Vietnamese firms face when building brands are the lack of an instruction toolkit and standard methods to assess outcomes, Phung Thai Duong of Mibrand said. Some companies do hire a professional agency or consultancy to help with the branding, but face challenges like high fees, the outside experts not having a thorough understanding of the company’s situation, and inability to evaluate the outcomes since they are not provided the tools for it, he said. “Businesses should only hire an agency for branding once they have scaled up. For newly … [Read more...] about Vietnam firms lack brand building strategy: survey

State-owned commercial banks such as Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Bank for Agriculture and Rural Development of Vietnam (Agribank) and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) all cut their lending interest rates for the prioritized sectors by 0.5 percent. … [Read more...] about Lending interest rate cut yet to benefit many enterprises

However, the region has a complicated market with a diversity of markets. This requires diversified marketing strategies for each market. Also, domestic regulations on imports differ from country to country and logistics infrastructure still lags behind, making goods transportation and delivery difficult. For instance, delivery among the thousands of small islands in Indonesia and the Philippines is a logistics nightmare. … [Read more...] about Vietnam could prove tough cookie for Alibaba and Amazon