Home / Knowledge / News / Vietnamese economy still faces many difficulties
Vietnamese economy still faces many difficulties
19
Apr '08
Forum on Vietnam's economic affairs was held by the Vietnam Chamber of Commerce and Industry (VCCI) on March 18, and chaired by Dr. Vu Tien Loc, VCCI President, with the participation of economic experts and representatives of Vietnamese enterprises.

The forum aimed to collect experts' opinion and help enterprises work out comprehensive measures to deal with the country's economic issues, particularly growth and high inflation.

Economic experts said the Vietnamese economy still faces many difficulties. Speculation remains in many areas, particularly the stock and real estate markets. The resulting unstable markets can seriously impact the general economy.

On the other hand, the exchange rate between USD and VND also affects the import-export market. Besides macro-economic management and tightened public spending, experts also said that Vietnam's financial system is not really strong enough.

This is proved via weak risk management and errors in lending mechanisms. To deal with Vietnam's current economic difficulties, economists said the government needs to select priorities between price stabilisation and economic growth, as it cannot ensure both at the same time.

According to economists, market stabilisation will ensure long-term and sustainable development for Vietnam's economy.

Dr. Vo Tri Thanh, an economic expert of the Central Economic Research and Management Institute, proposed three groups of solutions:
Group 1: Tackling bottlenecks. Generally, the Vietnamese economy has seen a good growth rate but several hurdles still remain related to mechanism and infrastructure difficulties (power, transport and depots).


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search