The Vietnam Tourism Association (VTA) on May 16 officially launched a national programme to stimulate domestic tourism, which will be implemented across two stages, the first from May 15 to July 15 and the second from July 15 until the end of this year. Under the programme, several principles have been highlighted, including ensuring safety for visitors, reducing prices but not reducing service quality or maintaining prices but adding more benefits. The relevant agencies should also pay significant attention to improving uniqueness and providing diverse promotions for the various stimulus products. … [Read more...] about BUSINESS NEWS HEADLINES MAY 28
Accounting firms for small business
Natural Resources-Environment Ministry gains progress in administrative reform: officials The Ministry of Natural Resources and Environment has made strides in administrative reform, shown by the reduction of time spent on processing administrative procedures in the field of environment, officials have said. … [Read more...] about Administrative reforms will help energise VN firms after pandemic
“As a country with significant global integration, the COVID-19 pandemic has negatively affected many sectors and areas of Viet Nam’s economy. As a result, Viet Nam’s Gross Domestic Product Growth Rate in the first quarter of 2020 was only 3.82 per cent. Even though this figure is the highest in the region, it is a much lower compared to the same period last year and the lowest growth rate Viet Nam has experienced since 2011,” Dung said. … [Read more...] about Administrative reforms will help energise firms after pandemic
Sendo’s strategy is rural-centric while Tiki targets the urban area. The combination is expected to help the two sides focus on the market more comprehensively, according to local insiders. The merger could also help them to raise more funds in the future. … [Read more...] about Will Vietnamese e-commerce platforms Tiki and Sendo soon merge?
In 2009-11 there were around 750 M&A transactions totally worth US$6.89 billion. This rose to US$11.13 billion in 2012-14. The average value of each transaction has also been rising concurrently, for instance going up from US$10 million in 2012 to US$15 million in 2013. Significantly, mergers and acquisitions have been taking place in a range of industries, with finance and banking, consumer goods, retail, and energy heading the list. Last year the retail sector topped with well over a third of the value of transactions even as domestic businesses accounted for 74% of all transactions. It was followed by consumer goods that accounted for 21%, followed by the energy industry with 18%. Analysts attribute the M&A boom to the Government's strong push for restructuring in recent years, especially of the financial sector. Many transactions in the finance and banking industries have been completed in double quick time to eliminate small and weak banks and create new … [Read more...] about M&A activities gather pace: report