Vinaxuki’s demise reflects problems in economy

Last update 08:00 | 18/03/2017

VietNamNet Bridge – Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2 percent of enterprises are large in size, while another 2 percent are medium size. 

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Vu Thanh Tu Anh from Fulbright Economics Teaching Program (FETP), speaking at an international workshop on industry development in 2025-2035, emphasized the underdevelopment of supporting industries, saying this is a barrier that hinders the development of Vietnam’s industry.

The car maker Vinaxuki and other enterprises had to close because of the lack of supporting industries. Tiếp tục đọc “Vinaxuki’s demise reflects problems in economy”