Capital Size of the Enterprise sector in Vietnam

Nationally, the average registered capital per enterprise has increased over the years, from VND 962 million in 2000 to VND 3.14 billion in 2006; equivalent to a 3.2 times increase. The average registered capital per enterprise was VND 8.1 billion in 2007 and was VND 8.7 billion in 2008. Generally, the average capital size per […]

Support to Vietnamese Enterprises during Global Economic Downturn

Support on taxation in 2009 The Government issued a number of new financial policies, including: allowing SMEs to reduce up to 30% of payable corporate income tax (CIT) in the fourth quarter of 2008 and all of 2009; and extending the deadline for CIT payment in 2009 by nine months for enterprises involved in production, outsourcing, […]

The Largest Ceramic Mosaic Mural in the World

The ceramic mosaic mural located in Hanoi (Vietnam) measures 3.85 kilometers long (6,950m2). However, only a 810m section of the mural along the Red River road has set a new Guinness World Record. Beatriz Fernandez, a representative from the Guinness Book of World Records, presented the city with a certificate for the largest ceramic mosaic […]

Registered Enterprises and Capital of main regions of Vietnam in 2008

The first chart indicates average capital that is registered by enterprises in 8  regions of Vietnam in 2008. Average registered capital ranged from 5.45 to 9.92 billion VND for 7 regions and Mekong Delta was exceptional high with 23.8 billion VND. Explaining for Mekong Delta’s high average capital, it can be referred to some large […]

The Number of Enterprises in Vietnam in the 2000 – 2009 period

In the 2000-2009 period, the number of registered business increased by 22% per year on average. During this period, a significant increase was observed in 2000-2001 (an increase of 37%), 2003-2004 (34%) and 2008-2009 (29%). In 2008 and 2009, and in spite of difficulties caused by the global economic crisis, the number of newly registered […]

GDP Growth, Inflation, Credit Growth in Vietnam from 2005 to 2009

Table 1: Key macro indicators Indicator 2005 2006 2007 2008 2009 GDP growth (% p.a.) 8.4 8.2 8.5 6.2 5.3 Inflation (change in CPI, % p.a.) 8.3 7.5 8.3 23.1 6.9 Credit Growth (% p.a.) 31.7 25.4 53.9 25.4 37.7 (Source: IMF to 2008, 2009 data by GSO)

Is Vietnam Finally Ready for Foreign Investors?

Has Vietnam’s moment finally arrived? Explosive wage growth and labor strife in China and India, favored destinations for foreign investment in Asia, have multinationals taking a serious look at Vietnam as a low-cost alternative for new factories and call centers. “We’re cheaper—much cheaper,” says Nguyen Than Nam, chief executive officer of FPT, a Hanoi-based IT […]

Travel Sites Get Boost from 4-Star Hotel at 3-Star Cost

Great deals are driving consumers to continue booking flights and hotel rooms, Orbitz President and Chief Executive Barney Harford told in an interview. At hotels, “occupancy is low, and that’s great for consumers,” Harford says. “If you’re still working and you feel reasonably good about the economic outlook, being able to get a four-star […]