ID :
33402
Tue, 12/02/2008 - 01:34
Auther :
Shortlink :
http://m.oananews.org//node/33402
The shortlink copeid
World economies have faith in Vietnam
Hanoi (VNA) - Experts from the world's strongest economies, including
the EU and Japan, have voiced renewed levels of confidence in the future of
the Vietnamese market, despite the high rate of inflation experienced during
the course of this year.
This optimism was expressed at a business forum that opened in Hanoi
on December 1. Minister of Planning and Investment Vo Hong Phuc, World Bank's
acting country director Martin Rama and International Finance Corporation's
country manager Sin Foong Wong were joined by representatives from 250
businesses, including 150 foreign-invested enterprises.
The forum heard a summary of responses to a study of Vietnam 's business
environment during 2008. A majority of 254 respondents, of whom 23 percent
were foreign investors, gave positive feedback to the study.
A number of respondents said they believed that the national economy would
recover from its current difficulties, while they also believed that the
business climate would improve. Foreign investors expressed their
satisfaction at the increasing levels of parity with domestic competitors.
EuroCham President Alain Cany said foreign investors' confidence in
Vietnam 's market has increased during 2008, citing strong influxes of
indirect foreign investment into the stock market and disbursement of
foreign direct investment totaling almost 10 billion USD.
He added that recent inflation drop has validated the Government's
financial and monetary policies, which have taken effect during the second
quarter of the year.
The European commercial chief also praised the country's success in
reducing its trade deficit and ensuring adequate foreign reserves.
EuroCham and its members have a strong belief in Vietnam 's potential to
become a leading economy in the region and an appealing destination to
European investors, Cany said.
He pledged further assistance and cooperation with Vietnam , in the
interests of the Southeast Asian economy as well as in Europe 's own
interests.
A study conducted by the Japan Bank for International Cooperation (JBIC)
revealed that Vietnam remained one of the top three markets in terms of
Japanese businesses' interest for the third consecutive year. However, the
report highlighted a number of areas for improvement.
"A rise in labour costs arouses an emerging concern from Japanese
businesses while poor infrastructure, especially land roads, sea ports and
electricity supply, causes the most serious problem. Vietnam should
further invest in its seaport system," according to the JBIC
report.--Enditem
the EU and Japan, have voiced renewed levels of confidence in the future of
the Vietnamese market, despite the high rate of inflation experienced during
the course of this year.
This optimism was expressed at a business forum that opened in Hanoi
on December 1. Minister of Planning and Investment Vo Hong Phuc, World Bank's
acting country director Martin Rama and International Finance Corporation's
country manager Sin Foong Wong were joined by representatives from 250
businesses, including 150 foreign-invested enterprises.
The forum heard a summary of responses to a study of Vietnam 's business
environment during 2008. A majority of 254 respondents, of whom 23 percent
were foreign investors, gave positive feedback to the study.
A number of respondents said they believed that the national economy would
recover from its current difficulties, while they also believed that the
business climate would improve. Foreign investors expressed their
satisfaction at the increasing levels of parity with domestic competitors.
EuroCham President Alain Cany said foreign investors' confidence in
Vietnam 's market has increased during 2008, citing strong influxes of
indirect foreign investment into the stock market and disbursement of
foreign direct investment totaling almost 10 billion USD.
He added that recent inflation drop has validated the Government's
financial and monetary policies, which have taken effect during the second
quarter of the year.
The European commercial chief also praised the country's success in
reducing its trade deficit and ensuring adequate foreign reserves.
EuroCham and its members have a strong belief in Vietnam 's potential to
become a leading economy in the region and an appealing destination to
European investors, Cany said.
He pledged further assistance and cooperation with Vietnam , in the
interests of the Southeast Asian economy as well as in Europe 's own
interests.
A study conducted by the Japan Bank for International Cooperation (JBIC)
revealed that Vietnam remained one of the top three markets in terms of
Japanese businesses' interest for the third consecutive year. However, the
report highlighted a number of areas for improvement.
"A rise in labour costs arouses an emerging concern from Japanese
businesses while poor infrastructure, especially land roads, sea ports and
electricity supply, causes the most serious problem. Vietnam should
further invest in its seaport system," according to the JBIC
report.--Enditem
