Brazil begins AD sunset review on Vietnam’s rubber tyres for bicycles A rubber tyre for bycicles (Illustrative photo: Ministry of Industry and Trade) The Department of Commercial Defence (Decom) under Brazil’s Ministry of Industry, Foreign Trade and Services has initiated a sunset review of the anti-dumping duty order on new rubber tyres for bicycles classified under NCM 4011.50.00 from Vietnam, India, and China. Decom initiated anti-dumping duties against the product in December 2014, with duties imposed on Vietnam’s rubber bicycle tyres standing at 0.59-2.8 USD per kg. The department required exporters of relevant countries to respond to questionnaires indicating the information necessary to the investigation on Decom’s portal decomdigital.mdic.gov.br. They shall have a 30-day deadline for response, counting from the date of notification. The deadline can be extended up to 30 days based on request of relevant sides, the Brazilian authority added. … [Read more...] about BUSINESS NEWS IN BRIEF 14/3
State of small business report
What’s behind the high number of dissolved businesses?
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?
Small businesses lag behind in preparations for 4.0 era
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
Four out of five executives report blockchain initiatives underway
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
Firms hail progress in Việt Nam’s business environment
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