Investors’ steely resolve

Despite rising inflation and widening trade deficit challenges, Vietnam is considered an attractive place for the international business community.
Martin Rama, acting country director of the World Bank in Vietnam, is in no doubt.“Unlike the previous forum held six months ago, when everybody was heartened by the impressive economic development of Vietnam, this time we gather here with major concerns about rising inflation and the widening trade deficit. But, I would like to say that Vietnam’s business climate is still as it used to be six months ago,” he told the Vietnam Business Forum (VBF) in Hanoi last weekHe said it was hard for Vietnam to avoid negative impacts from the global economic recession and skyrocketing fuel and food prices, but the Vietnamese government was on the right track to overcome these difficulties.
Rama was not the only high profile person at the VBF with an optimistic outlook on Vietnam’s economy. Business community representatives said Vietnam was still a good place for doing business despite recent evidence of economic instability such as rising inflation and a growing trade deficit

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