Vietnam CEO Summit convened in HN

August 03, 2012 | 11:04

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Over 400 domestic and foreign delegates on August 2 gather in Hanoi at the Vietnam CEO Summit 2012 themed - Corporate restructuring: Case Studies and Good Practice for Vietnamese Enterprises.

At the summit, experts and businesses discussed case studies on restructuring in Vietnam and overseas to learn important lessons for Vietnamese enterprises and debated on macroeconomic prospects and the business environment in 2012-2013 period.

Quite a few economic experts said Vietnam has obtained rapid economic growth in recent years, thanks to the robust development of the industry and services sectors, the shifting to manufacturing products of high added value, and engagement in regional production network.

However, the local business environment is considered to be less attractive than in other countries in the region.

The large budget deficit, limited management capacity of the State apparatus, high risk of corruption, incomprehensive infrastructure and technology, and environmental issues are all big barriers to economic development.

The economists recommended that to overcome difficulties, domestic business should improve their capacity by implementing comprehensive restructuring plans, ranging from technology, and finance to human resources.

VGP

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