Annual Business Report 2011 Announced
The Vietnam Chamber of Commerce and Industry (VCCI) made public the Vietnam Annual Business Report 2011 in Hanoi on March 14.
This is the 6th year VCCI has evaluated the development of Vietnamese businesses, changes in business environment and impact on business operations.
The report analyzes Vietnam’s business capacity based on the four fields of labour, finance, innovation and market access, while appraising business activities in accordance with the selected annual theme.
At the event, Vu Tien Loc, VCCI President, said the report generalizes business operations and environment to show Vietnam’s business capacity. He suggested that Vietnamese enterprises should strengthen business links through participating in value chains, production networks, and the establishment of agricultural and industrial clusters.
These links will help businesses develop firmly and increase productivity and efficiency, he noted.
While Pham Thi Thu Hang, VCCI General Secretary, said the report not only shows the difficulties Vietnamese businesses met in 2011 but also forecasts new challenges facing the businesses in 2012.
VCCI also proposed that in the face of current economic difficulties, the Government apply measures to stabilize the macro-economy and curb inflation to create a favourable environment for businesses.
Enterprises should continue to restructure themselves in order to increase labour productivity and product quality so as to take full part in global production networks and value chains.
CPV/VOV
Vietnamese
