Home / Knowledge / News / Textiles / 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).


Interviews View All

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search