Expanding Business Horizons
Vietnam's economy has been growing rapidly. GDP growth rate 8%, inflation rate less than 10%, the national economy will recover in 2010.
In the optimistic scenario, the world's economic performance is not too pessimistic and Vietnam’s investment environment remains attractive to foreign investors.In the basic scenario, Vietnam’s economic growth rate decreases to 7.69% in 2009 and look forward to achieve a little more than 9% in the year 2010.
According to the Senior Personnel of Asian Development Bank:
Vietnam is a transitional Economy. Vietnam will remain one of the fastest growing economies in the world, but will fall short of its initial medium-term plans to grow 7-8 percent per year to achieve the Millennium Development Goals by 2015.
Nexgen, by the mean of Vietnam Sugar & Paper Expo tries to be part of transition and trying to make it more beneficiary for the Indian Suppliers in Sugar & Paper Industries. It will be a dedicated show for Indian Suppliers who have already started looking for the new avenues to export. We are trying hard to ensuring full support from Both the Industrial Organisations & Associations in the Far East Countries.
Why Vietnam ?
Government Stabilization, Early-mid 2008:
Continuing to implement a tight but flexible monetary policy.
Continue to constrain fiscal spending, particularly: a) to control public capital/construction spending and review investment portfolios of State owned enterprises; and b) to reduce public spending of state entities.
The SBV and Ministry of Finance were instructed to require commercial banks and non-bank financial institutions to restructure their financial portfolios to minimize risk.
The Ministry of Industry and Trade was asked to review export duty rates to improve the value of exported goods, seek new markets for exports, and to enhance the attractiveness of exports to improve the trade balance.
The Government's announcement in late 2008 for a five-point economic stimulus package of VND 17 trillion (about US$972 million) is aimed at : promoting production and exports stimulating investment and consumption maintaining a highly flexible financial and monetary policy improving social protection creating dynamic and flexible guidance and management.