Home / Knowledge / News / Vietnamese economy still faces many difficulties
Vietnamese economy still faces many difficulties
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

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sonia Agarwal

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search