A worker is operating a assembly line of Sam TV at a factory in Tan Uyen District
Under the same perspective, Dr. Dao Nguyen Cat, General Editor-in-Chief of Vietnam Economic Times encouraged the workshop by the self-saving efforts of enterprises which should change flexibly to overcome 3 major obstacles to the economy including black debts, credit growth barring, and huge inventories.
However, under report of socio-economic status in February 2013 and two first months of the year, the government wanted to draw a brighter picture of the economy including the growth ranging from Consumer Price Index (CPI), bank interest rate, and forex. In the first two months of the year, export revenue reached USD 18.97 billion or 23.9% higher than in 2012. Import revenue reached USD 17.3 billion or 10.2% higher than in 2012. FDI reached USD 1.05 billion or 5% higher than in 2012. Industrial Index of Production increased by 6.8% higher than in 2012 while inventories decreased by 2.8% than previous month. Production in field of agriculture, forestry, and aquaculture saw stable growth. The above numbers may not be refered to any significant outcome; however, as experts have asserted, the economic status for the year to come shall be mixed up with challenges and opportunities. Most of all, the market was expected to see brighter light.
Reported by Trung Dong – Translated by Vi Bao
2013 opens up restructuring opportunity for enterprises
Experts are expecting for a year of obstacles and challenges through their analysis which also included opportunities for enterprises to restructure themselves for the long-term development. The on-going workshop on “opportunities and challenges of the economy in 2013” was addressed by Dr. Tran Du Lich, Deputy Leader of Ho Chi Minh City NA Delegation and Member of NA Economic Committee with assessment for the year to come.
In the course of 5 years, the government has implemented measures to restrain fluctuation in macro-economy which has blinded the economy. Currently, the Resolutions No. 01 and 02 have won back trust.
Besides, the government just approved project to restructure the economy in integration with growing pattern transformation from 2013 to 2020 with concentration on 3 sectors of public investment, commercial banking, and state-own general groups in the first stage from 2013 to 2015.
During the process of policies and measures proposed by the government, general demands shall be boosted and forces be re-allocated when enterprises should grasp up to construct new business strategies.
Also asserted by Dr. Tran Du Lich, the automatic regulation should divide the market up offering enterprises with market expansion and low cost investment.
A worker is operating a assembly line of Sam TV at a factory in Tan Uyen District
Under the same perspective, Dr. Dao Nguyen Cat, General Editor-in-Chief of Vietnam Economic Times encouraged the workshop by the self-saving efforts of enterprises which should change flexibly to overcome 3 major obstacles to the economy including black debts, credit growth barring, and huge inventories.
However, under report of socio-economic status in February 2013 and two first months of the year, the government wanted to draw a brighter picture of the economy including the growth ranging from Consumer Price Index (CPI), bank interest rate, and forex. In the first two months of the year, export revenue reached USD 18.97 billion or 23.9% higher than in 2012. Import revenue reached USD 17.3 billion or 10.2% higher than in 2012. FDI reached USD 1.05 billion or 5% higher than in 2012. Industrial Index of Production increased by 6.8% higher than in 2012 while inventories decreased by 2.8% than previous month. Production in field of agriculture, forestry, and aquaculture saw stable growth. The above numbers may not be refered to any significant outcome; however, as experts have asserted, the economic status for the year to come shall be mixed up with challenges and opportunities. Most of all, the market was expected to see brighter light.
Reported by Trung Dong – Translated by Vi Bao
A worker is operating a assembly line of Sam TV at a factory in Tan Uyen District
Under the same perspective, Dr. Dao Nguyen Cat, General Editor-in-Chief of Vietnam Economic Times encouraged the workshop by the self-saving efforts of enterprises which should change flexibly to overcome 3 major obstacles to the economy including black debts, credit growth barring, and huge inventories.
However, under report of socio-economic status in February 2013 and two first months of the year, the government wanted to draw a brighter picture of the economy including the growth ranging from Consumer Price Index (CPI), bank interest rate, and forex. In the first two months of the year, export revenue reached USD 18.97 billion or 23.9% higher than in 2012. Import revenue reached USD 17.3 billion or 10.2% higher than in 2012. FDI reached USD 1.05 billion or 5% higher than in 2012. Industrial Index of Production increased by 6.8% higher than in 2012 while inventories decreased by 2.8% than previous month. Production in field of agriculture, forestry, and aquaculture saw stable growth. The above numbers may not be refered to any significant outcome; however, as experts have asserted, the economic status for the year to come shall be mixed up with challenges and opportunities. Most of all, the market was expected to see brighter light.
Reported by Trung Dong – Translated by Vi Bao
