The Ministry of Industry and Trade (MoIT) recently cut 675 business and investment procedures, equivalent to 55.5 percent of total business conditions.
Hanoi’s authorities are committed to creating a favourable business climate for Japanese investors, said Deputy Chairman of the municipal People’s Committee Nguyen Doan Toan.
VOV.VN -Vietnam and Indonesia have implemented the most reforms in the past 15 years, with 39 reforms each, according to the World Bank Group’s latest Doing Business report.
An improved business climate has made the Central Highlands province of Dak Lak an attractive destination for both domestic and foreign direct investment (FDI), helping develop the local economy.
VOV.VN - According to the World Economic Forum (WEF)’s Global Competitiveness Report for the 2017-2018 period, Vietnam ranked 55th out of 137 countries worldwide and 6th in the ASEAN region.
Removing barriers and improving the business environment would contribute to reaching economic growth targets in the context of a tight State budget, director of the National Economic Issues Department Tran Quoc Phuong said on September 19 at a Hanoi conference.
The Ministry of Planning and Investment recently proposed the Prime Minister abolish nearly 2,000 business requirements and conditions, a move to help improve the business climate and the economy’s competitiveness.
More European small-and medium-sized enterprises are finding Vietnam a favourable destination for investment in anticipation of the EU-Vietnam Free Trade Agreement and a new law supporting small-and medium-sized firms.
Prime Minister Nguyen Xuan Phuc met with leaders of press agencies in Hanoi on June 18, asking press outlets to report more on business climate improvement efforts.
VOV.VN - Vietnam has made a significant achievement in the Global Innovation Index 2017 (GII), ranking 47th out of 127 economies around the globe and 9th in Asia, leading the group of middle and lower-income economies.
In the context of the new US administration finding ways to encourage American firms to return to the US, many will continue with their plans to invest in Vietnam, where they see sunny days ahead in the local investment and business climate.
The Business Climate Index (BCI) for the first quarter of this year released by the European Chamber of Commerce in Vietnam (EuroCham) on May 29 showed European firms’ positive expectations towards Vietnam.
Deputy Prime Minister Vuong Dinh Hue has asked Hai Phong to revise fees for using infrastructure, service facilities and public utilities at ports in the city.
The EU-Vietnam Free Trade Agreement (EVFTA) will play a vital role in Vietnam’s global trade integration, helping the country become a promising business and investment market in ASEAN for European firms.
Approximately 1,600 Japanese firms are operating in Vietnam as a result of the country’s efforts to improve investment climate, said Japanese Foreign Minister Fumio Kishida.
A conference took place in the northern province of Quang Ninh on March 31 to launch the implementation of the Government’s Resolution 19 on improving the business climate and national competitiveness.
The Government of Vietnam has made accelerated efforts to improve the business climate but more drastic measures must be taken at local levels where firms still face obstacles in doing business, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong committed to keeping partnering with Israeli firms operating in the city to improve its business climate during a business forum held in the city on March 23.
Foreign direct investment (FDI) firms operating in Vietnam highly evaluated the reform efforts the government, ministries, sectors and localities have made to create a more favourable and healthier business climate, experts have said.
Businesses have agreed that Government Resolution 35 on supporting and developing enterprises augurs changes, but are adopting a wait-and-see attitude toward its implementation.