FIEs manage to fly above the storm as local firms struggle
High export earnings and strong financial capabilities have kept foreign-invested enterprises almost immune from severe impacts of an economic slowdown.
The Ministry of Planning and Investment (MPI) reported the economy grew just 4.38 per cent on-year in 2012’s first half and started to show deflation signs with consumer price index decreased 0.26 per cent monthly in June compared to a 0.18 per cent rise in May, 0.05 per cent in April, 0.16 per cent in March, 1.37 per cent in February and 1 per cent in January.
Ford Vietnam last week announced its sales in June increased nearly two times from May to 437 units, helping the company an overall market share of 6.7 per cent.. Cargill Vietnam said its business revenue grew 8 per cent and this rate was expected to be 20 per cent for 2012.
vietnamnet
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