Vietnamese firms are mostly optimistic about their business results for 2017 (Photo: enternews.vn) Hanoi (VNA) – Vietnamese firms aremostly optimistic about their business results for 2017, driven by the improvedmacro-economy coupled with Government efforts to improve the business climateand remove obstacles.
A survey by the General Statistics Office among manufacturing and processingfirms found that 81 percent of respondents expected stable or better businessresults this year.
A previous survey by Vietnam Report among the 500 largest enterprises in Vietnamfound they were all optimistic about revenue, profit and overall businessresults for 2017.
Experts said business optimism would become a major driver for economic growththis year.
According to Le Duy Anh, general director of the furniture maker Xuan Hoa JointStock Company, said that business confidence is growing. “This is driven by theimproved business climate and the Government’s efforts to remove difficultiesfor businesses.
“2017 will be a better year for the overalleconomy with stable macro-economy and higher growth,” Duy Anh said, adding thathis company expects to reach 20-percent growth compared to 2016.
Last year saw a record of 110,000 new firms registered, reflecting improvedconfidence in the economy two years after the amended laws on investment andbusiness came into force.
Nguyen Anh Duong from the Central Institute for Economic Management said theGovernment is more active in undertaking dialogue with firms, listening totheir difficulties and proposing solutions.
At the same time, the country’s rapid integration into the global economy is alsoproviding significant opportunities for businesses, such as the participationin trade deals with the EU and the foundation of the ASEAN Economic Community.-VNA
VNA
