VOA慢速英语2014 越南努力发展国内经济

（单词翻译）

AS IT IS 2014-08-14 Vietnam Working to Improve Its Economy 越南努力发展国内经济

Gabor Szendroi has traveled a lot between Hungary and Vietnam. He tries to connect companies in both countries. He seeks to do that through merger² and acquisition -- or combining and buying. He recently spent months advising a Hungarian company that wanted to buy a Vietnamese company. But the deal failed. He said the Vietnamese company asked too high a price.

Mr. Szendroi is a partner at IMP¹ MB partners, a Budapest-based advisory³ company for merger and acquisition deals. 

He spoke⁴ recently while he was in Ho Chi Minh City. He called expectations in Vietnam “extreme.” He said these expectations are one of several issues causing problems for the growing business of mergers⁵ and acquisitions in Vietnam.

The Vietnamese government says it is working to solve these problems so it can bring in more foreign investors⁶ like Mr. Szendroi. 

Helping⁷ to gain mergers or acquisitions is part of the country’s larger plan to aid an economy that continually grows below six percent yearly.

Earlier this month, Prime Minister Nguyen Tan Dung approved a five-year development plan for the society’s economy. The plan said the country should work for economic growth of 6? to 7 percent per year, and create good business conditions -- especially for businesses with foreign investors.

Officials admit that they will have to work hard to try to return Vietnam to its former standing⁸ as a popular investment in Asia’s growing markets.

Nguyen Van Hieu is deputy minister of planning and investment. He spoke recently at a conference on mergers and acquisitions. He said Vietnam is dealing⁹ with many development challenges, including low efficiency and competitiveness, problems with the regulatory and legal systems, and poor infrastructure¹⁰ and human resources.

Experts say these problems prevent foreign investment. To get foreigners to pour money into Vietnam, the government is starting with the area it controls -- businesses owned by the state. Officials want to change more than 400 state-owned organizations into private companies by the end of next year. They hope this will improve the state organizations and make them better-able to gain foreign investment.