Businesses urged to modernise

Addressing the event, chairman of the Chamber of Commerce and Industry Vietnan Vu Tien Loc highlighted the need for local enterprises to modernise themselves in a context of an increasingly competitive environment. Enterprises should also beware of declining government and prepare to be more autonomous. He also stressed that the ratio of people to businesses in Vietnam is now 200:1 while in many developed economies, there is a business per 15 to 20 citizens.