A conference highlighting the opportunities and challenges for the Vietnamese economy in 2013 was held in HCM City on March 1, attracting the participation of numerous businesses and economists.
The event, organised by the Vietnam Economic Times, aimed to share information and experience among businesses, and find out ways to promote their activities in the future. Tran Thanh Hai, Deputy Head of the Import-Export Department under the Ministry of Industry and Trade, focused on measures to promote exports. He proposed that the government should continue to deal with stagnant State-owned enterprises (SOEs) by solving inventory issues, supporting the market, applying tax reduction policies and encouraging domestic consumption. It is necessary to develop the infrastructure system and intensify human resource training, he suggested. According to Deepart Misha, Chief Economist of the World Bank in Vietnam, risks facing the Vietnamese economy include a high inflation rate, low currency reserve, slack financial and currency policies, and poor asset quality of credit organisations. Vietnam should step up the restructuring of the financial sector and have specific mechanism to solve bad debt, strengthen the banking system, increase risk