VietNamNet Bridge – The latest analysis by Vietnam Report has
pointed out that most of the Vietnamese enterprises keep pessimistic about
their business performance in 2013.
Vietnam Report on December 4
released the Policy Debate No. 6, a periodic policy research report. The
research work is one of the preparatory activities for the official launching
of the 2012 VNR 500 – the list of the 500 biggest Vietnamese enterprises,
slated for December 11.
Most enterprises are meeting big
difficulties and feel pessimistic about their business performance in 2013.
Up to 50 percent of the managers
of V1000 enterprises (the 1000 biggest corporate income tax payers) said their
business results in 2012 are worse than in 2011.
Only 19 percent said they had a
better 2012 than 2011. Meanwhile, 100 percent of the enterprises in the finance
and banking sector said 2012 was worse. Sixty percent of the enterprises in the
material & construction sector said the same thing. Meanwhile, the
proportions were lower in other business fields.
Especially, the enterprises
believe that the situation would not be improved in 2013, which means that they
would have to encounter with difficulties longer.
Fifty-five percent of enterprises
believe that the conditions would not be much better in 2013. The number of
businesses believing that 2013 would be worse is lower than the number of
businesses believing in the opposite thing.
Two thirds of the polled
enterprises said they do not think the national economy would recover in 2013.
Only 33 percent believe the
national economy would begin recovering in the second half of the next year,
and only one percent expects the recovery in the next six months.
As such, the optimism about the
economic recovery has decreased if compared with August, when 60 percent of
businesses said they hoped the economy would regain its strength in 2013 or
sooner.
2013 would be another tough year for businesses
The uncertainties in the business
environment, the declines in the consumption demand and the material price
increases are the three biggest concerns for businesses in 2013.
Besides, the enterprises have
also expressed their concerns about the policy changes and the difficulties in
bank loan access in 2013.
However, though keeping
pessimistic about the prospect of the national economy and the challenges
awaiting them ahead, most of the enterprises have confidence on the
government’s commitments to fight against inflation.
The enterprises said they have
confidence on the Prime Minister’s message about the one-digit inflation in
2013, released when giving the interview to Bloomberg in Hanoi on November 28.
Only 19 percent of businesses
think that the 2013’s inflation rate would be at two digit level.
Especially, up to 76 percent of
businesses said they plan to borrow money from banks to run their production in
2013. The figure shows a considerable improvement in terms of businesses’
confidence in the banking system, if noting that 60 percent of CEOs said banks
have not helped businesses in a survey conducted in August.
However, up to 50 percent of
businesses said they would only rely on their own capital in 2013.
More than 90 percent of business
managers believe that the restructuring has been undertaken at Vietnamese
enterprises. The majority of enterprises plan to keep the same labor force and
capital scale in 2013. The number of enterprises which plan to increase the
labor force is three times higher than the number of enterprises which plan to
cut down the workforce.
Vietnam Report
Business & Investment Opportunities
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