Business, production activities see bright prospects in second half of 2013
The country’s production and business activities are expected to improve in the second half of the year, according to a survey released by the Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City on July 9.
In the Vietnam Business Insight Survey for the first half of the year, many enterprises agreed that there were big improvements in policy making and macro governance.
According to the survey, in the second half of the year, 66.7 percent of businesses plan to maintain their business scale, 22 percent to expand their business, and 10.9 percent to seek new contracts (only 0.3 percent to end operations) – which is a positive signal of growing business confidence.
In the first half, nearly 39,000 new enterprises were set up with a total capital of VND194 trillion, a rise of 7.6 percent over the second half of last year. However, the percentage of enterprises seeking bank loans dropped to 54 percent compared to 57.3 percent last year.
However, 69 percent of enterprises were unable to find suitable solutions to market their product and relied on using conventional ways by seeking new export markets, reducing prices and strengthening advertising activities.
About 15 percent of enterprises agreed that economic policies and macro-economic management to facilitate business and production activities, support market expansion and resolve bad debts were highly effectively but 27 percent said they proved to have little impact.
To improve business and production activities in the second half of the year, experts proposed that the Government launch support programs for businesses, issue suitable tax policies as well as facilitating export activities.