Mr Tran Anh Vuong - Vietnamese business representative attended Vietnam Business Forum 2012 - VBF

01/01/1970 08:00 +08 - Lượt xem: 5790


The theme of the Vietnam Business Forum (VBF) this year is “From stability to economic recovery”, but representatives of many organizations and businesses attending said that this journey is not short and will certainly be bumpy. , troubled.

The opening speech of VBF 2012 took place on the morning of May 29, Mr. Bui Quang Vinh, Minister of Planning and Investment, said that this year’s Forum took place in the context of Vietnam recognized the difficult and existing reality. Policy moves to bring the economy back on track. It can be said that this is an important time to act and the ideas of partners as well as businesses will be very important in planning development strategies.
Chairman of the European Chamber of Commerce in Vietnam (EuroCham), Mr. Preben Hjortlund shared, while European businesses still hope in the long-term development of Vietnam, their business confidence in the short term and Medium-term tends to decline. In the past year, EuroCham’s quarterly business environment index (BCI) in Vietnam has decreased from 70 points to 53 points and currently only revolves around this level. So what is the real reason for this decline in faith?
Mr. Preben said that it was a consequence of the systematic problems of the Vietnamese economy, which was mentioned in the “White Paper” about the business environment in Vietnam last year, which was slowly resolved. Besides, there is still discrimination between domestic and foreign investors. A typical example of the application of these two policies is in the retail industry, where the ENT (economic demand test) does not apply to domestic investors, but to domestic investors. Foreign investors want to invest in retail services. At the same time, difficulties in accessing credit, lack of synchronous infrastructure and burdens on administrative procedures continue. Besides, a series of new issues related to the “market access” that significantly affect the import of goods into Vietnam, have negatively affected the perception of European businesses on the environment. business school in Vietnam.

Representative of the American Chamber of Commerce in Vietnam (AmCham), Mr. Mark Gillin, AmCham Vice President, said that in recent years, in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI) and associations Other businesses at VBF, AmCham have submitted to the Vietnamese Government a number of recommendations, specifically on the amended Labor Law and the issues of minimum wage; The Law on Price Control, Work Permits for Foreigners, Health Care Issues … However, the response to these recommendations has not been positive.
While the recommendations of these organizations have been unanimous among many Vietnamese leaders, it seems that embarking on change is actually quite slow. The slow removal of bottlenecks of the economy not only puts Vietnam at risk of falling into the “middle-income trap”, but it is also difficult to compete even in the role of “partner factory”. Producing low value-added consumer products compared to other emerging markets. “This could lead to a sharp decline in FDI inflows as foreign investors divert, thereby affecting hundreds of thousands of jobs in Vietnam,” Mr. Mark emphasized.

As a small representative of Vietnamese businesses attending the VBF, Mr. Tran Anh Vuong, vice president of the Hanoi Young Business Association, said that of the current 440,000 enterprises, 65% reported losses and tax finalization. in 2011, with losses amounting to US $ 6.5 billion. In the past 2 years, the bank interest rate has increased from 10.5% to 26% / year in 2011, making many businesses unable to predict the difficulty level when developing business plans. The cost of capital has recently become too high for businesses because of the monetary policy in the period after the world financial crisis has had a great influence on high and prolonged inflation in recent years. Notably, many businesses seizing the opportunity from the government’s stimulus package in 2009 boldly invested in production development, but after a few years still faced many difficulties. The entire profit made is only enough or not enough to pay interest on loans, leading to the bankruptcy of many businesses, threatening the jobs of tens of thousands of people.

According to Mr. Wang:
“The Government’s recent package of support, reduction and extension of tax is estimated at VND 29,000 billion which is not attractive enough and difficult to take effect because the key point now is to stimulate output demand. Must create conditions for businesses to bring products to the market, solve inventories, before taking into account the support of tax reduction and extension, Mr. Vuong emphasized and said, “The Government needs to support businesses with money. Preferential interest rates, based on the criteria of technology and job security, not just based on the criteria of evaluating the ‘effective business plan’ of appraisers at commercial banks. ”.
Mr. Tran Anh Vuong, Chairman of Bac Viet Steel Company, representing the Hanoi Business Association, said that in order to attract investors in the fields of wind, biomass, biogas production, the Government needs to There is a commitment to the incentive pricing mechanism for each energy source, stating the costs associated with reasonable economic profits for investors.

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