Updated  
October, 15 2012 10:44:15

Firms urged to work together

HA NOI (VNS)— Viet Nam Chamber of Commerce and Industry' president Vu Tien Loc has called on Vietnamese business people to unite to sharpen their competitive edge in the global market.

Making the comment at the Viet Nam Business Forum in Ha Noi on Saturday, Loc said this year's event took place at a time when the business community was struggling with the domestic economic slowdown.

In order to overcome challenges, business people need to turn crisis into opportunities, said Loc.

Deputy Minister of Industry and Trade Tran Quang Khanh said that in the short-term, banks should extend payment deadlines and offer lower interest rates to businesses. He also urged them to work closely with the Government to tackle challenges and work towards stabilising the macro-economy and restructuring the economy.

Economic experts at the event said monetary policies need to be adjusted in a more flexible manner to both curb inflation and create favourable conditions for businesses to thrive.

The investment environment also needs to be improved, according to experts, to restore investors' confidence in all economic sectors.

During the past nine months of this year, about 40,000 businesses closed down or halted operations, up by 6.5 per cent from the same period last year. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

President leads tribute to war hero who stood up to colonialism 1    President leads tribute to war hero who stood up to colonialism

President Truong Tan Sang yesterday attended a ceremony marking the 150th anniversary of the death of Truong Dinh, a national hero in the war against the French, in the Mekong Delta province of Tien Giang.

Viet Nam topple Japan in int'l Robocon finals Viet Nam topple Japan in int'l Robocon finals

The Lac Hong University Robocon team yesterday triumphed over their Japanese rival to take out this year's International Robocon contest in Pune, India.

How to eat to beat the heat: lessons from Asian tradition 2    How to eat to beat the heat: lessons from Asian tradition

At a recent English conversation get-together, I chose the topic - How to beat the heat? I also chose a second topic - Ways to calm down when one gets hot-headed.

Government refuses to give preferential policies to Vinalines in debt restructuring Government refuses to give preferential policies to Vinalines in debt restructuring

The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

Vietnamese lions to roar again Vietnamese lions to roar again

In the near future, foreign-style stone lions with fierce looks, large paws and sharp teeth are expected to be removed from relics, pagodas and temples throughout the country.