FIE turnover sluggish in response to global trend, THE VIETNAM INVESTMENT REVIEW

The Vietnam Investment Review

11-05-2001

FOREIGN-INVESTED enterprises recorded declining growth in turnover
over the last 10 months, prompting analysts to wonder if their competitiveness
to be harder hit by the current world economic downturn.
In recent years, FIEs continuously made annual turnover increases of
30 per cent or more. However for the past ten months of the year this has
dropped to 19 per cent.
Some analysts have attributed the results to the fact that between
1996 and 1998, large projects began operations in textiles, gar