According to Bloomberg, the commercial banks are struggling with bad loans, while the government is attempting to reform state-owned companies operating inefficiencies; infrastructure, poor skills and potential corruption are many challenges that Vietnam must overcome. 2014, Vietnam ranked 119 among 175 countries and territories in the corruption rankings of Transparency International organization Transparency International. China stands at number 100. Besides, other Southeast Asian countries like the Philippines and Malaysia is also strong competition to attract foreign businesses. "I can not guarantee Vietnam will promote all the available potential. Partly because Vietnam simply have good geographical position, and partly as Vietnam must put more efforts on per capita GDP, "- he said Hawksworth. Another thing is that, in the context of the Middle National shifting production value chain from low to high, most production facilities in Vietnam in the fields produce only low-level but uses high labor content such as textiles, apparel, furniture and electronic equipment. "Labor productivity in Vietnam is very low. That was the biggest obstacle to the further development of Vietnam "- Mr. Karel Eloot, Director Asia of consulting firm McKinsey & Co. comment.
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