Half of local businesses use IFRS Business

Half of local businesses use IFRS

More than half of companies in Vietnam have been adopting international financial reporting standards to meet investors’ expectations and improve their corporate governance, a survey showed.
Banks looked gloomy amidst COVID-19 Business

Banks looked gloomy amidst COVID-19

Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.
Most SOEs operating at a profit: audit Business

Most SOEs operating at a profit: audit

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).
SMEs struggle to access credit Business

SMEs struggle to access credit

While support to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially SMEs.