Research base
Tran Minh Anh, director of the steering board of the post-WTO accession technical assistance program said that criteria of ranking of the international economic integration capacity at the local level are based on 8 main factors including capacity of international economic integration, research viewpoints of expert groups, impacts of integration on welfare growth and business development and so on. Based on characters of every subject, there are two main groups such as local character, infrastructure facility, constitution, investment, human, tourism and many more.
Ranking is based on documents and reports of localities, ministries, general department of Statistics and general department of Customs and among others. In addition, the research groups conducted inspections to 2,060 people and 2,058 businesses to set out the most objective and accurate results.
Nguyen Cam Tu, deputy minister of the Trade and Industry Ministry cum general secretary of the national Committee for International Economic Cooperation, said “Vietnam is in preparation of summing up 30 years of door-opening and economic integration, so the Government, ministries, agencies and localities are in need of constant assessment of capacity and efficiency on integration. The main purpose of announcing index of international economic integration at the local level is to specify local level of integration, assess suitability between strategic outlook and present capacity at localities.
Excitement of businesses
Ton Dong A JSC general director Nguyen Thanh Trung in Song Than IP joyfully said that in the first period of international economic integration the company only invested in simple equipment, producing products with medium value and the company only participated in local market or exported to some nations in the region. However, companies maintaining their good operation so far are thanks to investment in technology and advanced equipment, winning the EU, US and Japan’s standards.
Trung also shared “Most of companies faced difficulties in the first period of integration, owing to dependence. But until now enterprises enjoy advantages of selecting partners, proactively grasping opportunities and learning much experience. Another important factor contributing to businesses’ success lies in transparent policy and perfect infrastructure, helping businesses cut expense and improve competition capacity”.
Nam Tan Uyen IP-based Sao Nam Flooring Company general director Do Thi Kim Loan said that the US in 2013 shows signals of recovery and rapid increase in construction pace (35%). Expectedly, the pace of construction will increase and last until 2015. With advanced technique, flooring products have been replaced more than 60% of other building materials and interior decorative materials. At present, Sao Nam has become the member of the American Floorcovering Association, so the company has enjoyed advantages in receiving information and order because Vietnam has available advantages of skilled human resources in floorcovering industry.
This is a good chance for Vietnamese floorcovering industry in general and Binh Duong floorcovering sector in particular to develop strongly. However, the international economic integration must base on sustainable factors and role of industries’ association is very important.
Keeping pace of development
In the first 10 months of this year, thanks to close cooperation and positively, synchronously and drastically launching measures, resolutions, economy was recovered remarkably. Industrial production gained a fair growth, over 13.2% compared with the same period last year, reaching 123,966bil. Of this, domestic economic sector increased 12.3%, accounting for 32.2%, foreign economic area rose 13.7%, amounting for 67.8%.
Credit outstanding loan showed a positive change and increased at a fair level compared with the beginning of this year. In addition, interest rates were cut gradually. Bad debts were treated according to the set roadmap whilst export turnover was maintained at a fair growth pace. Specifically, export revenue in the past 10 months won US$11.2bil, a 15.7% increase from the same period last year.
Additionally, policies of tax exemption, reduction and extension contributed to solve difficulties for businesses’ production and business. Investment environment was improved remarkably with the strong increase in investment attraction.
Besides, social welfare was ensured with effective models of job placement and vocational training. Areas of healthcare, culture, education, technology science were paid much attention and steered closely by functional agencies.
Reported by D.Chi – Translated by A.C
