Resilient firms see good chance to bounce back: Vietnam Report
Although the 2020-2022 period was a tough time for both State-owned and private enterprises due to macro-economic fluctuations after the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.
Hanoi (VNA) – Although the 2020-2022 period was atough time for both State-owned and private enterprises due to macro-economicfluctuations after the COVID-19 pandemic, it provided a good chance for businesses thatmanaged to exist and make breakthrough growth, according to a report by VietnamReport JSC.
The report noted that enterprises that successfully adaptedto and overcame the period are businesses that boast strong financial capacity andare willing to change themselves.
They include Vinhomes JSC (VHM), Hoa Phat Group (HPG), MasanGroup (MSN), Mobile World Investment Corporation (MWG), Vietnam InternationalCommercial Joint Stock Bank (VIB), Vietcombank (VCB), Duc Giang Chemical Group(DGC), Techcombank (TCB), MBBank (MBB) and Asia Commercial Joint StockBank (ACB), which are named among top 50 prestigious and effective publiccompanies of 2022 (VIX50) by Vietnam Report.
As the exchange rate, interest rate and inflation are on therise, input costs have been pushed up, leading to an increase in the prices of products and services, harming businesses’ competitiveness.
Transaction at Vietcombank (Photo: VNA)
However, firms that are self-reliant in input materials willsecure their benefits, according to the report.
General Director of Vietnam Report Vu Dang Vinh held that inorder to maintain stable business in the “price storm” period, enterprises mustreposition their value chains, analyse the macro factors that may affect their productioncosts, while developing a new price policy and regularly evaluating customer reactionsto the new policy.
He reminded businesses to focus on enhancing their prestige by improving their products’ quality, design and market visibility, besides stepping up the application of scientific and technological advances, and boosting humanresource development.
Vinh held that it is crucial to make the capital market more transparent,especially the corporate bond market, thus attracting professional investorsand property investment funds, thereby enhancing the brand names of thebusinesses./.
Cloud computing services, artificial intelligence (AI), the Internet of Things (IoT), 5G technology, fixed broadband internet, and blockchain technology are expected to lead the information technology and telecommunications sector in the time ahead, according to a recent survey.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: VNA) 
Transaction at Vietcombank (Photo: VNA) 
