It is critical for Vietnam to focus on removing inconsistencies and overlaps in business regulations to create a favourable climate for enterprises, attendees heard at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) Hanoi on June 24.
VOV.VN - The revised Law on Enterprises which will be submitted to the National Assembly meeting in May, will help improve the legal framework to protect investors, especially the interests of minority shareholders, and increase transparency, offering businesses a more stable platform for sustainable development.
Vietnam’s business environment has seen remarkably improvements, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc at a conference on December 17.
Vietnamese startups needs more support institutions and policies to reach their goals, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc on December 2.
Economics experts has called for an independent law to be set up focusing on household businesses.
About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016.
A workshop discussing measures to remove difficulties facing enterprises in implementing regulations and procedures related to business registration, construction license, asset registration, tax and social insurance was held in Hanoi on October 28.
The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.
More transparent legal documents would contribute to dealing with inconsistencies and overlapping regulations and consolidate investors’ faith.
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).
Businesses expect to see quicker actions from State management agencies in the enforcement of the Government’s Resolutions No 19 and 35 to boost reforms and promote business development.
Progress on deregulation of business prerequisites was still much below the goal, requiring greater cost-cutting efforts for businesses, the Central Institute for Economic Management (CIEM) told a conference in Hanoi on November 14.
Vietnam should have proper management policies on import and treatment of waste paper, a seminar was told on October 16.
The new Decree 107/2018/ND-CP on rice export operations, which will take effect on October 1, has yet to remove all barriers hindering local rice traders from exporting rice. The new rules are more relaxed, but they do not introduce significant changes.
The speed of red tape cutbacks for business conditions still remains limited in spite of great efforts made by the Government and relevant ministries and sectors, heard a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on July 31.
The business environment has seen remarkable improvement, which wins positive response and support from the business circle and public opinion, said Dau Anh Tuan, head of the Legal Department at the Vietnam Chamber of Commerce and Industry (VCCI).
The General Department of Taxation (GDT) is considering asking the Ministry of Finance to postpone the compulsory application of e-invoices until July 2019, instead of early next year.
The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses.
Vietnamese policymakers and businesses should foster fair competition to drive social development and ensure a socialist-oriented market economy, an expert said in Hanoi on October 3.