Over the last 10 years, Vietnam’s private enterprises have not developed t their great potential.
More than 10 years ago, analysts compared Vietnamese private enterprises as navigators who went to the open sea with coracles, not modern ships, because they used rudimentary tools to struggle in the world market.
|Reports show that 97 percent of Vietnam’s enterprises are small. Of these, 80 percent of private enterprises have capital of less than VND5 billion and 87 percent of private enterprises use fewer than 50 workers.|
An economist commented that the sector becoming a real driving force for Vietnam’s economic development is still a plan on paper.
Problems facing private enterprises’ growth is a hot topic of discussion for scholars and economists. Tran Van Lam, a National Assembly Deputy, pointed out that management agencies still ‘have some hesitance towards private sector’. This doesn’t come from the government’s leaders, but from agencies at lower levels.
Vietnam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country’s economic prospects this year as well as opportunities and challenges facing the country.
In 2020, the country’s domestic demand is set to benefit from generally supportive financial conditions amid low inflation and robust capital flows.
- Clinical Harte's high five paves way for Tyrone
- McCloskey paves way for Ulster win on his big night
- Wild Razorbacks: 14 walks pave way for Longhorns
- Officials train with VAR system paving way for use in Women’s World Cup
- Rare Volvo Sport P1900 Celebrates 60 Years, Paved Way for P1800
- Boys volleyball: Ellenbecker paves way for Lake Park against Wheaton North
- The State Of Short-Track – Which Way Are We Headed?
- Wisconsin state leaders remove Colin Kaepernick's name from Black History Month resolution
- Kansas State’s pride gets in way of splashy coach hire
- Utah State’s seniors have paved the way for the next generation of Aggies