Opening of Vietnam Business Forum 2012

This year's Business Forum has the theme "Enhancing the dynamism of Vietnam's economy".

On December 3, in Hanoi, the Ministry of Planning and Investment, in coordination with the World Bank and the International Financial Institutions, organized the Vietnam Business Forum 2012 with the theme "Enhancing the dynamism of the Vietnamese economy".

At the forum, representatives of domestic and foreign business associations shared the same opinion: Business confidence of enterprises has decreased significantly in recent times.

Delegates attending the Forum (Photo: Duc Thanh)

According to a survey by the Vietnam Chamber of Commerce and Industry released at the forum, nearly 8,200 domestic private enterprises and more than 15,000 foreign enterprises have no intention of expanding their business in the near future. This shows that the level of optimism among enterprises has dropped to its lowest level in 8 years since the Vietnam Chamber of Commerce and Industry began conducting this survey.

Faced with that situation, the Government has had a number of solutions to remove difficulties for businesses such as: reducing and deferring taxes for businesses, supporting four groups of businesses to access capital...

However, Mr. Vu Tien Loc - Chairman of the Vietnam Chamber of Commerce and Industry said that in the coming time, it is necessary to continue to have synchronous solutions to support businesses.

“In addition to solutions for institutional reform, macroeconomic stabilization, creating a favorable business environment and a group of urgent short-term solutions to reduce costs and facilitate businesses' access to credit capital, measures to improve business management capacity need special attention. Improving management capacity is first and foremost the responsibility of each business, business associations and business support institutions. However, the direction and support of the Government are also very necessary. I suggest that it is necessary to add more resources and strengthen coordination, improve the effectiveness of existing small and medium-sized enterprise support programs, trade and investment promotion programs,” said Mr. Loc.

Speaking at the Forum, Deputy Prime Minister Vu Van Ninh stated: In 2012, with many drastic and synchronous solutions from the Government, inflation was controlled at a single digit, economic growth reached about 5.2%, budget deficit decreased, lending interest rates decreased and liquidity of the banking system improved, gold and dollarization were limited...

However, there are still many challenges for the sustainable development of the economy. Therefore, the Vietnamese Government has been directing ministries and branches to promote the restructuring of commercial banks, especially weak banks, and the restructuring of economic groups and state-owned corporations in the direction of focusing on key business lines with scales appropriate to the market, management capacity and financial capacity.

The Deputy Prime Minister affirmed that it is necessary to consistently implement solutions to curb inflation, stabilize the macro-economy and mobilize all social resources to attract domestic and foreign investors to develop socio-economic infrastructure.

Deputy Prime Minister Vu Van Ninh suggested that ministries and sectors consider accepting reasonable and legitimate recommendations from businesses to propose effective solutions to improve the investment and business environment./.

According to (vov.vn) - LT