Illustrative image (Source: VNA) EconomistTran Du Lich said Vietnam had maintained economic growth and curbed inflationwhile speeding up the settlement of bad debts, reducing lending interest ratesand restructuring equitised firms last year.
A positivesign is the government’s determination to build a transparent and constructivecabinet that offers maximum support to businesses.
Chairman ofthe Ho Chi Minh City Real Estate Association Le Hoang Chau said a 6.2 percentgrowth put Vietnam among the world’s fastest-growing economies last year.
Hesuggested improving export quality, especially farm produce and aquaticproducts, and facilitating start-ups in information technology.
In realestate, he said many projects have been delayed due to site clearance, not tomention difficulties in the cost of land use, administrative proceduresinvolving project approval and credit policies.
In order todevelop a sustainable and stable real estate market, the government andlocalities should remove such hindrances, he said.
Pham XuanHong, Chairman of the Ho Chi Minh City Association of Garment Textile Embroideryand Knitting, hailed the government for achieving efficiency instead of chasingtargets.
Vu Thanh TuAnh, Director of Research at the Fulbright Economic Teaching Programme in HoChi Minh City, said the biggest barrier to Vietnam during integration iscapacity.
Opportunitiesare aplenty but tapping them requires brainpower and vision, he said, citingthat the garment sector is predicted to enjoy the most benefits when Vietnamaccelerates global economic integration but is incapable of performing thedying, fabric and weaving stages.
Chiefeconomist Sebastian Eckardt from the World Bank in Vietnam forecast thatVietnam is likely to grow 6.3 percent this year thanks to strong domesticconsumption and increasing investment.
ViceGeneral Director of Him Lam Land Trading Corporation Ngo Quang Phuc said the businesscommunity has high hopes that under the leadership of Prime Minister NguyenXuan Phuc the economy will be propelled forward.-VNA
VNA
