Business

Investors express confidence in Vietnam's economic outlook

Overall economic picture in 2014 is brighter than previous years, provided economic restructuring is further accelerated, economist Vu Dinh Anh told the Voice of Vietnam (VOV). The national economy grew at a rate of more than 5.4% in 2013. Excess inventory and bad debts were reduced.
Overall economic picture in 2014 is brighter than previous years,provided economic restructuring is further accelerated, economist VuDinh Anh told the Voice of Vietnam (VOV). The national economy grewat a rate of more than 5.4% in 2013. Excess inventory and bad debts werereduced.

Macroeconomic stabilisation and inflation control in2013 will facilitate economic growth in 2014 and subsequent years, saidthe VOV.

Economic restructuring helps fuel investment growth.Economist Vu Dinh Anh also said building an equitable investmentenvironment is absolutely crucial to attract investment flow.

He noted that foreign investors would like to see Vietnam integrating further in the world economy.
According to a recent study released by the Vietnam Chamber ofCommerce and Industry (VCCI), Vietnamese and foreign investors haverenewed confidence in the Vietnamese economy’s mid and long-termprospects.

60 percent of 500 leading Vietnamese businessesreported their 2013’s performances were better than a year earlier, and80 percent have plans to expand operations in 2014.

Many majorforeign business groups have similar expansion ambitions. The US fastfood giant McDonald, for example, opened its first Ho Chi Minh Cityrestaurant earlier this year.-VNA
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