In the current context, the government’s policies play a vital role in business development, according to Mr. Huynh Thanh Dien, a lecturer at the University of Economics in Ho Chi Minh City cum financial expert.
Many commercial banks are prepared to inject more than VND200,000 billion worth of cash into markets after the State Bank of Vietnam approved the expansion of the credit room.
According to the Ho Chi Minh City Business Association, it is very urgent to remove difficulties for enterprises in the supporting industry in particular and small and medium enterprises in general.
Whether choosing a shortcut by acquiring Vietnamese enterprises with a stable market share, or choosing a longer path by registering new investments, foreign enterprises have been striving to assert their presence in the Vietnamese market. The remaining matter is that the country needs to speed up the progress of strengthening policies, infrastructure, and facilities to welcome the wave of investments sustainably.
Representatives from foreign-invested (FDI) enterprises in Ho Chi Minh City contributed their ideas and recommendations to spur growth in the city at a meeting with municipal leaders on March 23.