Vietnam and Japan have launched Phase VIII of their Joint Initiative, focusing on 11 issues aimed at further improving Vietnam’s business and investment climate.
A national conference between the Prime Minister and enterprises is to be organised soon to identify ways to address the difficulties facing businesses and facilitating their operations amid the COVID-19 outbreak.
Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).
The privately-owned business community in Vietnam has made great strides with investment expansion, which has contributed to improvements in the domestic business climate throughout the past year.
Vietnam would strongly cutting the number of procedures needed to start a business this year as an effort to improve the country’s business climate.
For the first time, Viet Nam plans to announce differences between business rules before and after removals or simplifications to evaluate the efficiency of reform efforts.
A mechanism indicating fair, transparent and objective rules for ASEAN economies and their enterprises is needed to resolve trade issues when products are exported between markets.