Delays and confusion beset Quang Ninh businesses
VOV.VN - At a Quang Ninh Province People’s Committee meeting on March 22, there was a rising tide of complaints that the foreign direct investment laws are too complicated and constantly changing.
A representative of BIM Group said the situation is simply out of control with the complexity of the laws creating formal and informal obstacles for doing business in the province.
The representative suggested that Quang Ninh province establish a formal governmental body specialized in investment consulting. This agency could then act as an ombudsman on foreign direct investment matters.
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| A representative of BIM Group |
The current investment climate is unacceptable and it’s unfair to both local and foreign companies to have the laws in a constant state of flux with no governmental body fully informed on investment issues.
Investors are troubled by increased taxes, frequent changes in laws, slow administrations, and the status of the courts, which handle cases too slowly, according to investors at the meeting.
A representative of AES Group, operator of the Mong Duong II thermal power plant, complained that infrastructure development is lagging and more needs to be done to improve employee training.
