GSO reported that 153,100 businesses were established in the first 11 months According to the General Statistics Office (GSO), 153.100 businesses were established or resumed operation in the first 11 months of the year. Meanwhile, 83,108 businesses suspended their operation during the same time, an increase of 49.3% over the same period last year. The number of enterprises completing the procedures for dissolution in the first 11 months was 14,861, increasing by 37.4%. The high proportion of unprofitable businesses has raised a concern that the business environment is not good enough, and that the goal of having 1 million businesses by 2020 may be unattainable. State management agencies all affirmed that there is no need to be worried about the increase in the number of dissolved businesses, and that the figures were small compared with New Zealand, where the number of bankrupt businesses amounts to 80%, and the UK with 60%. They also pointed out that most dissolved … [Read more...] about What’s behind the high number of dissolved businesses?
State of small business report
VietNamNet Bridge - A number of large corporations have adapted well to the 4.0 era, but the majority of small businesses are lagging behind. Vietnamese manufacturers have been preparing for the 4.0 industry revolution The 4.0 revolution with application of IoT (Internet of Things), big data, data analysis and virtual reality technology is used in the beverage manufacturing industry. Nguyen Van Phi Van from Tetra Pak Vietnam said that high tech is used to control every details of production line, the entire production line, and the whole factory, and to connect all factories of the same system at the highest level. The company where Van works supplies cans, cartons and machines to most beverage companies in Vietnam. A number of large corporations have adapted well to the 4.0 era, but the majority of small businesses are lagging behind. Jeffrey Fielkow, CEO of Tetra Pak Vietnam, said some of his clients have made heavy investments in technology solutions. One company plans … [Read more...] about Small businesses lag behind in preparations for 4.0 era
Robert Trong Tran, Cyber Security and Privacy leader at PwC Vietnam The new research from PwC—Blockchain is here. What’s your next move?—surveyed 600 executives in 15 countries and territories, on their development of blockchain and views on its potential. As blockchain rewires business and commerce, the research provides one of the clearest signals yet of organisations’ fear of being left behind as blockchain developments accelerate globally, opening up opportunities including reduced cost, greater speed, and more transparency and traceability. A quarter of executives report a blockchain implementation pilot in progress (10 per cent) or fully live (15 per cent). Almost a third (32 per cent) have projects in development and a fifth (20 per cent) are in research mode. The US (29 per cent), China (18 per cent), and Australia (7 per cent) are perceived as the most advanced currently in developing blockchain projects. However, within three to five years, … [Read more...] about Four out of five executives report blockchain initiatives underway
Vietnamese outdoor show wins gold medal of Stevie Awards The Saigon Times Daily The stage of Quintessence of Tonkin is permanently submerged under a thin layer of water - PHOTO: VNA Live entertainment show “Tinh Hoa Bac Bo” (The Quintessence of Tonkin) has beaten other projects from all over Asia to win the gold medal of Stevie Awards for Innovation in Media, Visual Communications and Entertainment, the news website Vietnamplus reports. Quintessence of Tonkin, held by Tuan Chau Hanoi JSC, impressed the judges of the Asia-Pacific Stevie Awards 2018 with images of peaceful landscapes and its depiction of the unique heritage of the northern region as well as Vietnamese history and culture from a contemporary perspective. The show highlights various elements of the Vietnamese culture, such as folk singing, folk games, the worship of Mother Goddesses, and the daily life of farmers, portrayed in contemporary and innovative ways with the help of hundreds of performers, an … [Read more...] about Vietnamese outdoor show wins gold medal of Stevie Awards
Viet Nam News HÀ NỘI — Breakthroughs in the business environment have created a foundation for renovation, contributing to the growth of the economy and local firms. This was said at an award ceremony to felicitate the winners of BP500-Top 500 Prosperous Firms 2018 list. The ranking was announced by Việt Nam Report and online newspaper VietnamNet in Hà Nội on Wednesday. This is the eighth consecutive year the list has been announced based on independent researches and assessment outcomes of Việt Nam Report. The list aims to honour companies with stable business results and growth potential and that contribute significantly to the country’s prosperity. Economists and enterprises at the event showed that the BP500 firms achieved positive results. Last year was considered the year of records. GDP (gross domestic product) growth rate reached 6.81 per cent, the highest in the past 10 years. FDI (foreign direct investment) was some US$36 … [Read more...] about Firms hail progress in Việt Nam’s business environment