Vietnam improves environment to facilitate investment
(VOV) - Vietnam commits to improving investment environment and creating favourable conditions for businesses, Deputy Prime Minister Vu Van Ninh affirmed business leaders at a forum held by Forbes Vietnam in HCM City on August 17.
The event themed “Taking The Lead” gathered top minds among policy makers and the business community from Vietnam and the region.
The forum discussed the competitiveness of Vietnamese enterprises, opportunities to take the lead in the most dynamic economic sectors, and to share ideas and vision on how to get to the top.
Participants pointed out opportunities and challenges confronting Vietnamese businesses, especially small and medium sized enterprises (SMEs) whose labour productivity is much lower than that of other regional countries. Currently, the SMEs are unable to get involved in the global supply chain while foreign direct investment (FDI) enterprises have not combined strength with local businesses in economic development.
Some foreign businesses mentioned continuous changes in Vietnam’s taxation, customs and land policies which have greatly affected their activities.
Addressing the forum, Deputy Prime Minister Vu Van Ninh affirmed that Vietnam commits to improving investment environment and creating favourable conditions for businesses.
Vietnam will complete the socialist-oriented market mechanism and continue its economic reforms, especially in taxation, customs, investment licensing, insurance and land use, emphasized Deputy PM Vu Van Ninh
Fifty best listed businesses in Vietnam were honored by Forbes Vietnam on the occasion.