Vietnamese firms are mostly optimistic about their business results for 2017, driven by the improved macro-economy coupled with Government efforts to improve the business climate and remove obstacles.
Vietnamese firms are mostly optimistic about their business results for 2017 (Photo: enternews.vn)
Hanoi (VNA) – Vietnamese firms aremostly optimistic about their business results for 2017, driven by the improvedmacro-economy coupled with Government efforts to improve the business climateand remove obstacles.
A survey by the General Statistics Office among manufacturing and processingfirms found that 81 percent of respondents expected stable or better businessresults this year.
A previous survey by Vietnam Report among the 500 largest enterprises in Vietnamfound they were all optimistic about revenue, profit and overall businessresults for 2017.
Experts said business optimism would become a major driver for economic growththis year.
According to Le Duy Anh, general director of the furniture maker Xuan Hoa JointStock Company, said that business confidence is growing. “This is driven by theimproved business climate and the Government’s efforts to remove difficultiesfor businesses. “2017 will be a better year for the overalleconomy with stable macro-economy and higher growth,” Duy Anh said, adding thathis company expects to reach 20-percent growth compared to 2016.
Last year saw a record of 110,000 new firms registered, reflecting improvedconfidence in the economy two years after the amended laws on investment andbusiness came into force.
Nguyen Anh Duong from the Central Institute for Economic Management said theGovernment is more active in undertaking dialogue with firms, listening totheir difficulties and proposing solutions.
At the same time, the country’s rapid integration into the global economy is alsoproviding significant opportunities for businesses, such as the participationin trade deals with the EU and the foundation of the ASEAN Economic Community.-VNA
The Politburo has issued a resolution on developing tourism into a spearhead economic sector by 2020, contributing 10 percent to the country’s gross domestic product (GDP), up from the current 6.8 percent.
The Ministry of Finance has proposed, in a draft law, almost tripling the environmental protection tax on oil and gas consumption from the current 3,000 VND (0.13 USD) to 8,000 VND per litre. The draft will be submitted to the Government for approval in June and the National Assembly in October.
Vietnam is focusing on completing economic reforms and building a consistent, synchronous and modern administrative regime to enhance governance efficiency, said Prime Minister Nguyen Xuan Phuc.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnamese firms are mostly optimistic about their business results for 2017 (Photo: enternews.vn) 
