Crisis management by effectively connecting agencies and businesses
administrators to help remove difficulties for businesses was one of the
top agendas of a CEO forum held by the Vietnam Economic Times on March
15.
At the forum, economists forecast that this year would be more difficult than 2012 as the global economy continues to slow.
According to Deputy Minister of Industry and Trade Tran Tuan Anh, to
overcome the current difficulties enterprises need to actively
restructure and strictly control their input costs as well as minimise
expenses.
“Businesses should also strengthen their goods distribution networks in order to offer the best prices to customers,” he said.
To boost exports, businesses should further focus on taking advantage
of incentives from the Free Trade Agreements (FTA) that Vietnam has
already signed, he pointed out.
And they need to deploy
e-commerce applications, online exports and check information from
Vietnamese trade offices in other countries to exploit the available
markets and penetrate new ones, he added.
Ho Sy Hung, director of
the Business Development Department under the Ministry of Planning and
Investment, said that companies need to continue exploiting and
expanding the market, boosting exports and limiting the import of
consumer goods to stimulate domestic sales.
Improving tax policies
and administration is one of the solutions that would help businesses
overcome difficulties, said Nguyen Quang Tien, an official from the
General Tax Department.
He also emphasised the need to build an electronic portal to provide tax payment services
Professor Dao Nguyen Cat, editor-in-chief of the Vietnam Economic
Times, said that the process of market restructuring would continue to
take place next year with the aim of a healthier market.-VNA