Some major state-owned enterprises (SOEs) that incurred losses last year included: the Vietnam National Chemical Group (Vinachem) at VND1.17 trillion; the Vietnam National Shipping Lines (Vinalines) at VND610 billion; and the Vietnam National Coffee Corporation (Vinacafe) at VND280 billion. … [Read more...] about State-owned enterprises’ profits decline: report
"The EVFTA will serve as a catalyst for the fisheries sector to increase its competitive advantage over countries which have FTAs with the EU, such as Ecuador, India, and Thailand. According to many studies, after the trade deal enters into force, seafood exports to Europe may increase 20% compared to before as a result of the competitive advantage over other nations. For example, European partners will increase their buying of Vietnamese tuna which will enjoy a tax rate of 0%, instead of buying from other markets with higher tax rates," VASEP Secretary General Truong Dinh Hoe analyses. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 30
The PN2 service cuts down the lead time from Haiphong to the West coast of the US and Canada from 25 to 17 days compared with the previous route calling at overseas transshipment hubs. Thus, it helps customers to significantly reduce logistics costs and take initiative in the delivery of goods, without risks at transshipment hubs. … [Read more...] about HICT services first vessel on North Vietnam-North America rotation
Having been driven onto the right track, unprofitable state-owned economic groups and general corporations, informally called ‘iron fists’, thanks to their important role in the economy, have recovered strongly. The Vietnam Cement Corporation (Vicem) has also revived after a lot of hardships. … [Read more...] about How have the so-called ‘iron fists’ performed after restructuring?