Vietnam focuses on reform and economic restructuring
(VOVworld) – The 2015 Spring Economic Forum on the theme of “Continuing to reform the investment and business environment in Vietnam” opened in Nghe An province on Tuesday. Delegates discussed the outcome of last year’s development plan and plans to achieve this year’s targets. Economists said Vietnam’s economy was recovering earlier than expected, which has created a potential for businesses, particularly small and medium ones, to develop and improve foreign investors’ confidence.
Tran Dinh Thien, Director of the Vietnam Institute of Economics, said: “The government should continue to prioritize reform and restructuring and focus on settling bad debts and exchange rates. State-owned enterprises should be equitized based on market developments and reforming state management should be accelerated. Settling bad debts for businesses will help them develop and support agricultural restructuring.”