Source: Vietnam News / Photo: Vietnam News

Some 83.3 percent of the 500 fastest-growing companies in Việt Nam (FAST500) are optimistic about the outlook and growth opportunities of the domestic market this year.

They are confident that as the economy is on course to recover to pre-pandemic levels, a bright future lays ahead, according to a recent survey conducted by Vietnam Report.

Out of the companies quizzed, 89.2 percent of them say they are planning to expand business while 86.5 percent said they have contingents of highly-qualified, experienced and disciplined personnel.

About 67.6 percent of the surveyed companies are confident about their competitive edge as they boast good relations with partners and customers, and high-quality and competitive-priced products.

Around 62.2 percent show changes in their awareness of the strong wave of digital transformation in all areas, and that they must have clear visions and business strategies to catch up with the market trends.

FAST500 firms give priority to six strategies to deal with growth challenges. About 91.9 percent of them plan to ramp up personnel training, 83.8 percent will focus more on sales promotion, 67.6 percent want to accelerate digital transformation, 56.8 percent are committed to ensuring employment, wages and benefits of their workers, 48.6 percent aim to strengthen their risk management system, and 37.8 percent plan to step up co-operation and investment in the near future.

The survey also reveals that FAST500 expects that Government will continue stabilising the macroeconomy this year, keeping inflation under control, expanding trade promotion, launching more support packages, and accelerating public administrative reforms, to facilitate their business activities.

They also hope that government will build a better business environment and help unleash more potential resources to provide momentum for sustainable growth.