Vietnam Economy May Grow 6% in 2010: Ernst&Young
Vietnam is likely to attain an economic growth rate of 6% this year, compared to 5.32% last year, Asia-Pacific Chairman of Ernst&Young Jim Hassett said a conference in Hanoi on January 19.
The manager believed that Vietnam’s economy will be prosperous this year and a 6% GDP growth will be achieved if the Government can stabilize macro economic factors, including monetary policies.
He also called on the Vietnamese government to accelerate the restructuring of the national economy and the equitization of state-owned enterprises in order to improve the country’s competitiveness.
Vietnam should further upgrade infrastructure works to attract more foreign investments, Jim added.
At the conference, the U.K.-based auditing firm Ernst&Young also announced its researches on the recession, namely “Lessons from change.”
The “Lessons from change” program includes eight primary performance goals which firms may consider when preparing to recover and move towards success after the downturn.
The goals include re-evaluating the business model, optimizing operational flexibility, capital availability and deployment, and market reach.
Accelerating decision-making and execution, revitalizing how risk is managed, strengthening management talent and stockholders’ confidence are also stressed as important. (Labor)
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