Annual Business Report 2011 announced

This is the 6^th year VCCI has evaluated the development of Vietnamese businesses, changes in business environment and impact on business operations.

The report analyzes Việt Nam’s business capacity based on the four fields of labor, finance, innovation and market access, while appraising business activities in accordance with the selected annual theme.

At the event, VCCI Chairman Vũ Tiến Lộc said the report generalizes business operations and environment to show Việt Nam’s business capacity. He suggested that Vietnamese enterprises should strengthen business links through participating in value chains, production networks, and the establishment of agricultural and industrial clusters.

These links will help businesses develop firmly and increase productivity and efficiency, he noted.

While Ms. Phạm Thị Thu Hằng , VCCI General Secretary, said the report not only shows the difficulties Vietnamese businesses met in 2011 but also forecasts new challenges facing the businesses in 2012.

VCCI also proposed that in the face of current economic difficulties, the Government apply measures to stabilize the macro-economy and curb inflation to create a favorable environment for businesses.

Enterprises should continue to restructure themselves in order to increase labor productivity and product quality so as to take full part in global production networks and value chains.