By the end of 2014, Petrolimex, the Vietnam Petroleum Import/Export Corporation (Petrolimex), held 48% of the domestic petroleum distribution market.
Many securities companies are wavering between lifting the room ceiling for foreign investors to 100% and staying Vietnamese-owned as they fear they will no longer receive preferences if they are foreign-owned.
An official from the Vietnam Chamber of Commerce and Industry (VCCI) has voiced his opinion that it is necessary for Vietnam to encourage a start-up entrepreneurial spirit and launch a national programme to develop enterprises.
The proposal by the national oil and gas group PetroVietnam to force domestic enterprises to buy petroleum products from domestic sources will create a monopoly, the Ministry of Planning and Investment (MPI) has warned.
What happened with the instant coffee market in 2015 showed that the market was unpredictable.
Vietnam’s game programming technology is developing robustly as many local game studios want to go beyond the international game market. The race in the computer game programming industry in Vietnam is hotter than ever.
The Vietnam Macadamia Association has been officially set up under a decision by the Ministry of Interior Affairs. LienVietPost Bank and Him Lam JSC were two major businesses lobbying for the association.
Only foreign-invested automobile manufacturers can benefit from the current investment incentives, while Vietnamese automobile cannot grow, experts say.
Steel mills now have to struggle to compete with imports from China. If the Ministry of Industry and Trade (MOIT) does not take temporary safeguard measures, a series of enterprises will go bankrupt.
As many as 28 million shares of the Viet Tien Garment Corporation, one of the largest garment companies in Vietnam, will be traded on the UpCom transaction floor as of October 10.