To achieve sustainable economic development, it is essential to haveeffective policies and procedures in place to facilitate businessesovercoming barriers and streamline administrative procedures that hamperthem, said radio The Voice of Vietnam (VOV).
The Vietnam Chamberof Commerce and Industry (VCCI)’s recent survey shows businessconfidence has increased thanks to the State’s commitment to make thebusiness environmentally friendly.
The Vietnam economy hasbottomed out and is now rebounding and back on track, thanks toremarkable growth in the first half of this year despite numerouschallenges, including the tensions in the East Sea.
In the pastsix months, the number of newly-established businesses dropped nearly 40percent, but registered capital still managed to rise a hefty 20percent from last year’s same period.
Roughly three-fourths of7,000 businesses surveyed by the General Statistics Office (GSO)reported their profits in the six month period were higher than thatrecorded a year earlier.
The GSO report is solid evidence thatthe national economy is in a period of dramatic recovery, resulting in alarger scale of business operation with higher profits.
The goodeconomic news is consistent with predictions made by leading economicexperts at the end of last year after the Government undertook a seriesof macro-solutions to contain inflation, reduce banks’ lending interestrates, and stabilise the price of domestic gold and the forex market.
Foreigninvestors from Europe, Japan and the Republic of Korea have alsoexpressed strong confidence in Vietnam’s business climate, especiallyafter the Vietnam Government effectively intensified measures to dealwith social disturbances in protest against China’s wrongdoings in theEast Sea.
In its 15th Business Climate Index (BCI) survey, theEuropean Chamber of Commerce in Vietnam (Eurocham) recently revealedthat Vietnam’s BCI is back to its 2011 levels-having gone from lastquarter’s 59 to 66, which demonstrates the European business community’scommitment to the Vietnamese market.
Foreign-investedenterprises have also enjoyed an export surplus which has contributedgreatly to elevate the country’s trade surplus to 1.3 billion USD in thefirst half of this year.
The private economic sector’stechnology upgrade and market expansion efforts greatly help it performwell in the reviewed period.
Leading economic experts are avidlyadvocating the need for increased self-reliance and independence of thenation’s economy. Focus should be given to developing trademark,creating linkage, building equal economic relationship in bilateral andmulti-lateral negotiations.
Vietnam should make full use of itscompetitive advantages in exporting its key farm produce and take theglobal lead in agriculture exports. The core and fundamental objectiveis to lay a solid foundation upon which of outstanding businesses canboost sustainable economic growth.-VNA
The Vietnam Chamberof Commerce and Industry (VCCI)’s recent survey shows businessconfidence has increased thanks to the State’s commitment to make thebusiness environmentally friendly.
The Vietnam economy hasbottomed out and is now rebounding and back on track, thanks toremarkable growth in the first half of this year despite numerouschallenges, including the tensions in the East Sea.
In the pastsix months, the number of newly-established businesses dropped nearly 40percent, but registered capital still managed to rise a hefty 20percent from last year’s same period.
Roughly three-fourths of7,000 businesses surveyed by the General Statistics Office (GSO)reported their profits in the six month period were higher than thatrecorded a year earlier.
The GSO report is solid evidence thatthe national economy is in a period of dramatic recovery, resulting in alarger scale of business operation with higher profits.
The goodeconomic news is consistent with predictions made by leading economicexperts at the end of last year after the Government undertook a seriesof macro-solutions to contain inflation, reduce banks’ lending interestrates, and stabilise the price of domestic gold and the forex market.
Foreigninvestors from Europe, Japan and the Republic of Korea have alsoexpressed strong confidence in Vietnam’s business climate, especiallyafter the Vietnam Government effectively intensified measures to dealwith social disturbances in protest against China’s wrongdoings in theEast Sea.
In its 15th Business Climate Index (BCI) survey, theEuropean Chamber of Commerce in Vietnam (Eurocham) recently revealedthat Vietnam’s BCI is back to its 2011 levels-having gone from lastquarter’s 59 to 66, which demonstrates the European business community’scommitment to the Vietnamese market.
Foreign-investedenterprises have also enjoyed an export surplus which has contributedgreatly to elevate the country’s trade surplus to 1.3 billion USD in thefirst half of this year.
The private economic sector’stechnology upgrade and market expansion efforts greatly help it performwell in the reviewed period.
Leading economic experts are avidlyadvocating the need for increased self-reliance and independence of thenation’s economy. Focus should be given to developing trademark,creating linkage, building equal economic relationship in bilateral andmulti-lateral negotiations.
Vietnam should make full use of itscompetitive advantages in exporting its key farm produce and take theglobal lead in agriculture exports. The core and fundamental objectiveis to lay a solid foundation upon which of outstanding businesses canboost sustainable economic growth.-VNA
