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.
Experts have called on the Ministry of Finance to be considerate and transparent with their plan to spend the environmental protection tax applied on gasoline, which they have just proposed to double.
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).
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.
Reforms in taxation procedures have elicited increased satisfaction from enterprises over the last two years, but they continue to expect further simplification, a survey by the Vietnam Chamber of Commerce and Industry (VCCI) has found.
Thorough preparations and good connectivity are among crucial factors for enterprises to be successful when investing in other countries, according to Dau Anh Tuan, head of the Legal Affairs Department at the Vietnam Chamber of Commerce and Industry (VCCI).
Businesses have complained that they have to deal with a host of barriers and risks in agricultural projects though they are encouraged to invest in the sector.
Building a government of integrity for the sake of the people and enterprises is a message constantly reiterated by Prime Minister Nguyen Xuan Phuc.
Scrutiny of business and investment laws is needed to adjust or remove incompatible regulations to serve the long-term development of enterprises, heard a workshop in Hanoi on July 22.
To effectively utilise opportunities through free trade agreements (FTAs) provinces and cities should launch databases on foreign-invested enterprises and domestic suppliers to help domestic firms become suppliers of foreign counterparts.
Nestor Scherbey, a senior advisor of the Vietnam Trade Facilitation Alliance (VTFA), has suggested Vietnamese cities and provinces establish an information database on foreign direct investment (FDI) businesses and domestic suppliers.
Joint supervision in tax and customs between relevant ministries and bodies paved the way for reforms in the Government's economic management, Chairman of the Vietnam Fatherland Front Nguyen Thien Nhan said at a conference on a programme on tax and customs supervision in 2015 held in Hanoi on December 12.
Though the government seeks to globally integrate Vietnam -- 15 free trade agreements signed since 2007 -- its tardiness in reforming policies is preventing businesses from benefiting from the FTAs, delegates said at a recent economic forum in the central province of Thanh Hoa.
As many as 80% of Vietnamese businesses have never been asked about drafts for legal documents, Dau Anh Tuan, Head of the Vietnam Chamber of Commerce and Industry (VCCI)'s Legal Department said on August 12.
Up to 71 percent of enterprises said they were satisfied with the tax administrative procedures reform in 2014, according to a report released in Hanoi on August 11.
More public-private partnerships (PPP) are needed to ensure the sustainability of HIV-prevention efforts, as the international donor fund for HIV response in Vietnam is dropping dramatically.
The Mekong Delta city of Can Tho is making concerted efforts to increase its competitiveness capacity to appear in the list of ten most competitive localities in the country, according to Vice Chairman of the municipal People’s Committee Le Van Tam.