Plan - Orientation Plan - Orientation
Small and Medium Enterprises: Need restructured to save themselves!

Draft - That is the problem and the solution given by experts at the seminar "Vietnam's economic scenario-2012: What an opportunity" by Vietnam Economic Times last week held in HCM City.

Dr Le Dang Doanh, small and medium enterprises growing constantly evolving and has contributed greatly to the economy of the country. Specifically, the non-state sector 27% use only capital but generate employment to 88%, while state enterprises using capital investment to 44.6% but only 22% of jobs created . Structure of total retail sales of goods by economic sector 10 months in 2011 also showed that individual economic sector accounted for 50%, private sector accounted for 35%, while the state sector accounted for only 11%.

Although there are certain contributions to the economy but recently, non-state enterprises are now the "victim" of high interest rates policy and credit control policies. The output of DN also difficult when consumers in the population decline. Real estate market stagnant and declining impact on businesses supplying products and services, leading to high inventories. Even as his business, up to 1 / 2 small and medium enterprises were shut down, should have a strong impact on employment and incomes of workers. Thus removing the need to focus for businesses in 2012 if not for the consequences would be incalculable.

Sharing this view, Mr. Truong Dinh Tuyen - Members Advisory Council National monetary policy that, to achieve economic goals in 2012 was 6% GDP growth, inflation under 10% ... Government is determined to change the investment structure, concentration of capital for small and medium enterprises instead of investing more for State enterprises but is effective.

Meanwhile, Dr. Le Xuan Nghia, deputy chairman of the National Financial Supervision, said the instability of the banking system in recent years is the cause of reduced private investment and domestic investment foreign investment as well as pressure increases the exchange rate.

To address the difficulties for businesses in 2012, according to Truong Dinh Tuyen, need to conduct business restructuring to improve competitiveness in order to dominate the market. Accordingly, businesses need to review the business plan associated with financial planning, focusing on products with growth potential, rapid consumption of capital for early withdrawal. Expanding the domestic market, and find all possibilities to increase exports of items that can replace products of Thailand. In particular, pay attention to training of human resources, technological innovation to prepare long term plans when the world economy over the period of stagnation.

Along that point, Dr. Le Dang Doanh said that businesses need to know to adjust the market, with products that fit the new conditions. Discuss the situation openly with the entire management team, a notice to each labor to enlist the understanding, consensus, promote initiatives. Enterprises should accept pain surgery to increase the strength and competitiveness.