Opportunity for Vietnam Business Community The Government’s efforts to build the start-up ecosystem have shaped a new space for start-ups. Even with Resolution 35/2016/NQ-CP on business support and development to 2020, also called the resolution on start-up in the broad sense, the solution system is encouraging entrepreneurs to restructure, change and reach global standards to avoid being left behind in the new flow of business and investment transformation of the world. Vietnam Business Forum interviewed Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), on this issue. 2016 was the first year that the number of business start-ups exceeded 100,000. What do you think about this figure? This shows that business confidence is growing. According to statistics from the Ministry of Planning and Investment, Vietnam had a new record of 110,100 new companies in 2016, an increase of 16.2 per cent from 2015. A total of VND891,094 billion was registered … [Read more...] about Opportunity for Vietnam Business Community
What accountants do for small businesses
Remaining opportunities for small networks
(VEN) - Small networks have the right to issue the service charges or make attractive deals because they are not businesses dominated the market. In addition, the Ministry of Information and Communications also proposes to the Government a program focusing on supporting public telecommunications services in order to help small telecommunications businesses to develop infrastructure to remote areas. This is the solution to create opportunities for them to become the major networks. Department of Telecommunications of the Ministry of Information and Communications Director Pham Hong Hai talked about its issues on the sidelines of the International Conference and Exhibition Mobile Vietnam 2012 held in Hanoi in an interview with Vietnam Economic News' reporter Quynh Nga. … [Read more...] about Remaining opportunities for small networks
Many opportunities for IT businesses
(VEN) - Despite facing economic difficulties, many IT businesses have developed and recorded impressive results. The IT industry in 2012 is predicted to achieve a high growth rate compared to other sectors. Quang Trung Software City Development Co., Ltd. (QTSC) Chairman Chu Tien Dung talked about the minimal effect of economic factors on IT businesses compared to other businesses and the necessity to pursue market trends in an interview with Vietnam Economic News' Quynh Nga. How would you assess Vietnam's software business results in recent years and in the first half of this year? … [Read more...] about Many opportunities for IT businesses
BUSINESS IN BRIEF 29/5
Rubber companies in despair as price falls As rubber companies totally depend on export price, they are likely to fail in achieving their business targets for this year, with rubber prices currently at their lowest. Losing trend in the global rubber market started from 2012, mainly caused by the economic crisis, especially the sovereign-debt crisis in Europe which urged these countries to cut spending, seriously affecting automobile industry, leading to a slump in the rubber processing industry. Experts forecast that rubber prices would rebound in the first quarter of this year as global economy showed signs of recovery and China was expected to gradually regain growth while rubber supply declined, as rubber trees entered a low-productivity period. However, things happened differently. At the end of the first quarter of this year, RSS rubber future price on Tocom trading floor fell 16 percent compared to that in the beginning of this year, due to the ongoing European debt crisis, … [Read more...] about BUSINESS IN BRIEF 29/5
Small businesses don’t know what they need for IT upgrading project
A lot of small businesses do not know how to utilize the information technology in their works, and they need the support from the State and advices from consultants. The habit of aping others Le Van Loi, Head of the Informatics Institute under the Vietnam Chamber of Commerce and Industry (VCCI), has noted that Vietnamese small businesses apply information technology in their works just to “follow the crowds.” “They buy computers just because others have bought them, while they do not know what they will use the computers for and what benefits they can expect from the use of the computers,” Loi said. Analysts have also noted that small businesses do not think that they need the advice from consultants in terms of information technology utilization. A lot of books and guidance documents have been published, but they remain inaccessible to enterprises, especially the ones in remote and mountainous areas. In many cases, businesses said they have got puzzled … [Read more...] about Small businesses don’t know what they need for IT upgrading project