An overview of the meeting (Photo: VNA) The minister said that international organisations haveshown optimism about the Vietnamese economy, rating the country’s long-termcredit as "stable" and "positive". Many economists heldthat the Vietnamese economic resilience is relatively good currently, he added.
The official cited a recent survey as showing that in thesecond quarter of this year, 70-80% of total businesses highly valued theeffectiveness of the Government’s support to businesses amid the COVID-19 pandemic,especially those in taxation.
As of the end of July, the country had 871,000 companies, up nearly13% over 2019.
In July alone, more than 130,000 firms joined and re-joinedthe market, a rise of 26.8% year on year, he said, adding that investmentpoured to the economy in the first seven months topped 3.3 quadrillionVND (141.11 billion USD), a year-on-year increase of 37%.
The market for a number of sectors, especially the domesticmarket, has recovered by 75-85% compared to the period before the pandemic brokeout.
In the January-July period, the country’s export revenue wasestimated at 216.35 billion USD, a rise of 16.1% year on year, with 30 productshaving export revenue of more than 1 billion USD.
Minister Dung underlined that investors and businesses’confidence has continued to be reinforced, with nearly 92% of the enterprisesexpecting stable and expanded operations in the third quarter, and 85% ofmanufacturing-processing companies forecasting stable and better business inthe same period of time.
However, the official pointed to a number of shortcomings ofthe Vietnamese business community, including the small scale of the majority ofbusinesses (98%), limited science-technology capacity, and their modestengagement in the global value chain.
He highlighted a number of reasons behind the situation,especially those in legal documents and institution, which were continuously reported during previous meetings between the PM and the business community but have yet to receive satisfactory solutions./.
The market for a number of sectors, especially the domesticmarket, has recovered by 75-85% compared to the period before the pandemic brokeout.
In the January-July period, the country’s export revenue wasestimated at 216.35 billion USD, a rise of 16.1% year on year, with 30 productshaving export revenue of more than 1 billion USD.
Minister Dung underlined that investors and businesses’confidence has continued to be reinforced, with nearly 92% of the enterprisesexpecting stable and expanded operations in the third quarter, and 85% ofmanufacturing-processing companies forecasting stable and better business inthe same period of time.
However, the official pointed to a number of shortcomings ofthe Vietnamese business community, including the small scale of the majority ofbusinesses (98%), limited science-technology capacity, and their modestengagement in the global value chain.
He highlighted a number of reasons behind the situation,especially those in legal documents and institution, which were continuously reported during previous meetings between the PM and the business community but have yet to receive satisfactory solutions./.
VNA
