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

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search