Firms hopeful of strong 2017

Vietnamese firms are mostly optimistic about their business results for 2017, driven by the improved macro-economy coupled with Government efforts to improve the business climate and remove obstacles.

(Photo: VNA)

A survey by the General Statistics Office among manufacturing and processing firms found that 81 percent of respondents expected stable or better business results this year.

A previous survey by Vietnam Report among the 500 largest enterprises in Vietnam found they were all optimistic about revenue, profit and overall business results for 2017.

Experts said business optimism would become a major driver for economic growth this year.

According to Le Duy Anh, general director of the furniture maker Xuan Hoa Joint Stock Company, said that business confidence is growing. “This is driven by the improved business climate and the Government’s efforts to remove difficulties for businesses.
“2017 will be a better year for the overall economy with stable macro-economy and higher growth,” Duy Anh said, adding that his company expects to reach 20-percent growth compared to 2016.

Last year saw a record of 110,000 new firms registered, reflecting improved confidence in the economy two years after the amended laws on investment and business came into force.

Nguyen Anh Duong from the Central Institute for Economic Management said the Government is more active in undertaking dialogue with firms, listening to their difficulties and proposing solutions.

At the same time, the country’s rapid integration into the global economy is also providing significant opportunities for businesses, such as the participation in trade deals with the EU and the foundation of the ASEAN Economic Community.


Other news

Most view

Shares recover after two-day decline

Shares recover after two-day decline

Vietnamese shares rebounded on the two exchanges on Wednesday as strong buying boosted almost all local stocks following the market’s two-day decline.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.