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National Assembly Chairwoman Nguyen Thi Kim Ngan said high resolve and drastic and breakthrough measures are needed to achieve socio-economic development targets and create a momentum for following years in the context of numerous difficulties and challenges facing the country.
The northern province of Ninh Binh should work to ease difficulties, create more favorable conditions, and encourage the Startup movement to have a stronger entrepreneur community.
The interest rates on Vietnamese dong credits and deposits slashed by 1.5-2 percent over the previous year, helping remove difficulties for businesses, curb inflation and stabilise the monetary market.
In spite of economic difficulties, foreign tourist arrivals to Viet Nam still reached more than 6 million in the first nine months of 2014, a year-on-year rise of 10.4%, according to the General Statistics Office.
President Truong Tan Sang has stressed the need for the northern province of Ninh Binh to focus on removing difficulties in industry development and boosting agriculture to improve living conditions for farmers.
Vietnam's economy has shown positive signs in the first half of 2014, but more efforts are needed to achieve sustainable economic recovery.
Finance Minister Dinh Tien Dung on June 11 confirmed that his ministry will support small - and medium-sized enterprises (SMEs) to overcome difficulties and recover businesses after the recent economic recession.
In 2013, despite economic difficulties but also for the tourism industry here is in Ninh Binh was successfully evaluated. In particular, the Ninh Binh successfully organized international conference on spiritual tourism has left a good image in the hearts of international friends.
The Vietnamese business community continues to believe in brighter economic prospects for 2014, due to the Government's drastic measures on easing difficulties and expectations emerging from a Trans-Pacific Partnership (TPP), said domestic experts.
Despite 2013's economic difficulties, Vietnam attracted more than US$21 billion in registered foreign direct investment (FDI), a 54.5% improvement on 2012. But experts warn the country risks lagging behind without stronger efforts at reform.
2013 is a "sad" economic year and 2014 will be another difficult year for businesses, economists say.
