News

• Private firms race to take over State-owned enterprises

  February 27, 2015

  – HA NOI — Major Vietnamese business people have geared up to take over State-owned enterprises, which were recently equitised, in the role of strategic partners.

  Thousands of billions of dong have been spent to buy stakes in State-owned enterprises in recent times, reports online vietnamnet.vn.
  Read more

• Sale of fake health foods concerns consumers

  February 25, 2015

  – Everyone knows functional food works to improve health and build resistance to diseases, especially in patients and people recovering from ailments.

  While the use of functional food seems to be on the rise, Vietnamese consumers are increasingly worried about fake products, the manufacture and trade of which also seems to be booming. This is evident from the repeated cases uncovered by market watchers and the economic police, with the confiscated cargo in each of them reaching weights of hundreds of kilograms to tonnes.
  Read more

• Trade ministry confident in local retail competitiveness

  February 14, 2015

  – The Ministry of Industry and Trade believes that domestic firms will be able to compete with counterparts from other ASEAN countries after Vietnam joins the ASEAN Economic Community (AEC) late this year.

  Minister of Industry and Trade Vu Huy Hoang said domestic enterprises now hold 97% local retail and wholesale market share though Vietnam opened its doors to imports from the Association of Southeast Asian Nations (ASEAN) decades ago.
  Read more

• State economic groups need ‘vitality’

  February 13, 2015

  – HA NOI — Vietnamese economic groups must develop brands at regional levels and act as a growth driver for the economy, said experts from the Central Institute for Economic Management (CIEM).

  They added that restructuring of State-owned enterprises should focus on key economic sectors.
  Read more

• British watchdog says bank competition still falls short

  February 11, 2015

  – LONDON – Moves to improve competition within Britain’s banking industry have not yet had the desired effect, the head of the competition watchdog said, raising the prospect that the country’s biggest banks could be broken up.

  The Competition and Markets Authority (CMA) is investigating the market for personal current accounts and small business banking services and will decide what measures must be taken by May 2016.
  Read more

• Food-safety violators will be fined, publicly outed

  February 6, 2015

  – HA NOI — Supermarket and residential market food safety inspection results will be open to the public in 2015, Deputy Minister of Health Nguyen Thanh Long said on February 4, 2015.

  The names of food providers that violated food safety regulations and those that adhered to them would be made public to ensure customers’ right to access to safe food, Long said.
  Read more

• Petrol stations cheat customers in Dac Lac

  January 26, 2015

  – HA NOI — An investigation by the Dac Lac Province Market Watch has discovered that as many as 60 per cent of the privately owned gas pumps are cheating customers.

  According to a report by Tuoi Tre (Youth) newspaper, the pumps are allegedly fixed with a kind of electric device that fraudulently miscounts the volume of gas pumped into the customers’ vehicles.
  Read more

• A matter of ownership

  January 24, 2015

  – At the nascent stage of the economic renovation in Vietnam, most enterprises aimed to enhance their capabilities and expand their market share. However, at present, many have resorted to seeking preferential treatment and privileges by fostering ties with politicians and State-owned enterprises.
  Read more

← Older Posts

Newer Posts →