The Saigon Marketing newspaper on April 18 hosted a business conferenceto evaluate the impacts of global economic problems on the domesticeconomy, and work out business and administration solutions suitable forVietnam’s conditions.
According to the Vietnambusiness insight survey (VibS), there will still be many challengesahead for the national economy in 2013, and 58.3 percent of enterprisesplan to maintain the current scale of their operation, while 10.4percent expect to scale down. Only 30.5 percent say they will expandtheir business.
However, the number of businessesforecast to close down stands at around only one percent, which is afairly positive signal compared to last year.
Theinflation will continue the dropping trend, giving more room for policymanoeuvre, but the growth rate is slowing down, Director of the VietnamCentre for Economic and Policy Research (VEPR) Nguyen Duc Thanh said,adding that bad debt and other potential problems in foreign currencyand gold are main threats for Vietnam’s economy.
Therefore, Vietnam should make real changes, giving priority tostrategic partnerships in regional and international economicconnections, and carrying out domestic economic reforms in line withinternational integration roadmap, he said.
Dr. TranDinh Thien, Director of Vietnam Institute of Economics, underlinedissues needed to be dealt with immediately to boost economic growth,including clearing bad debts and stock and reforming the salary systemin the state sector.
Also at the conference, expertsand business representatives discussed issues relating to policy,managing experience and business practice.-VNA