The Government needs to help local businesses improve their competitiveness on the global market, experts said at the Autumn Economic Forum 2015 that opened on August 27 in Thanh Hoa province.
|Chairman of the National Assembly’s Economic Committee Nguyen Van Giau at the Autumn Economic Forum 2015__Photo:VNA|
Sandeep appreciated how
Nguyen Van Giau, Chairman of the National Assembly’s Economic Committee, said domestic companies were unprepared to take opportunities and challenges from global integration, so they had to face tough competition from imported products that might make them lose market shares on the domestic market.
Nguyen Dinh Cung, Head of the Central Institute for Economic Management, blamed domestic firms for failing to compete on the global market.
He suggested the Government make more changes to improve the market conditions and allow enterprises to improve themselves. (VNS/VLLF)-