Tags

costs

Green businesses squeezed between costs and consumer budgets

Green businesses squeezed between costs and consumer budgets

Over the past few years, a growing number of companies have ventured into the green economy, producing sustainable goods ranging from biodegradable packaging to organic foods and eco-friendly fashion.
Reduce logistics costs to boost GDP an essential task: PM

Reduce logistics costs to boost GDP an essential task: PM

Prime Minister Phạm Minh Chính attended the Vietnam Logistics Forum 2024 in the southern province of Bà Rịa-Vũng Tàu Province and said costs must fall and be capped, to help the country achieve double digit growth.
Shipping costs on the rise, hurting exporters profit margin

Shipping costs on the rise, hurting exporters' profit margin

With shipping costs mounting, exporters have raised concerns over the shrinking profit margin and how it will hurt their ability to compete in the international market.
Call for efforts to minimise the impact of skyrocketing sea freight costs

Call for efforts to minimise the impact of skyrocketing sea freight costs

International container shipping rates have increased by more than 70 per cent over the same period last year and by more than 110 per cent compared to the pre- COVID-19 pandemic period.
VCCI calls for greater support for RD costs of FDI

VCCI calls for greater support for R&D costs of FDI

The Vietnam Chamber of Commerce and Industry said as Việt Nam is to impose additional corporate income tax under the global minimum tax, it will be a good time to upgrade the country''s investment support policies as well, saying they...
High logistics costs hurt VN economic competitiveness

High logistics costs hurt VN economic competitiveness

Inadequate transport infrastructure and connectivity and domestic enterprises’ low capacity, technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry, experts have said.
Overpacking in e-commerce comes with high environmental costs

Overpacking in e-commerce comes with high environmental costs

It''s time to change the mindset of "growing at all costs" in e-commerce and bring environmental concerns to the fore. Otherwise, its impact could be devasting.
Informal recycling facilities do more harm than good environmentally

Informal recycling facilities do more harm than good environmentally

Inefficient recycling costs Việt Nam nearly US$3 billion per year and causes heavy damage to the environment.
Informal expenses for customs clearance decline

Informal expenses for customs clearance decline

Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VND3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report.
Banks improve costs to income ratio thanks to digital transformation

Banks improve costs to income ratio thanks to digital transformation

Many banks have cut their costs to income ratio (CIR) thanks to digital transformation to optimise operations, which greatly contributed to their positive business results in the first quarter of 2023 despite the challenging market context.
Shipping costs gone down to pre-pandemic level

Shipping costs gone down to pre-pandemic level

Freighters have even started accepting small orders at low prices in the hope they may be able to pool them together to make a trip worthwhile.
MoF continues to consider adjusting costs of petrol: expert

MoF continues to consider adjusting costs of petrol: expert

The Ministry of Finance (MoF) is taking steps to stabilise domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh Director of the MoF’s Price Management Department.
Delivery companies struggle amid fierce competition and high fuel costs

Delivery companies struggle amid fierce competition and high fuel costs

With consumers switching heavily to online purchases, the express delivery service market is expected to see many positive developments. However, fierce competition and high fuel costs have significantly affected the profit margins of delivery businesses.
Delayed payments beset construction firms

Delayed payments beset construction firms

Many construction firms are running unprofitably amid high material costs, and delayed payments are adding to their woes, according to insiders.
Joining world logistics passport to facilitate trade

Joining world logistics passport to facilitate trade

Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for export expansion.