business environment

Update news business environment

Vietnam has competitive operating costs compared to other Asian countries

In business activities, Vietnam is assessed to be competitive in terms of phone costs, labor costs, and operating costs compared to other countries in Asia.

Customs procedures reformed, but still burdening enterprises

The required customs procedures related to imports and exports have been simplified but enterprises are far from satisfied.

Businesses worry about return of “old barriers”

The draft revised Decree 107/2018/ND-CP on rice export has worried local rice exporters as business conditions that had been previously removed may return.

Alarming statistic: 13,000 businesses withdraw from market each month

In the first quarter of 2021, the number of businesses withdrawing from the market was higher than the number of newly established ones. The Covid-19 pandemic continues to affect production and business activities in Vietnam.

Confidence in Vietnam’s business environment continues to rebound

European business leaders began the year positive and optimistic about Vietnam’s trade and investment environment, according to new data from the European Chamber of Commerce in Vietnam (EuroCham).

Further administrative reform needed

Vietnamese people and businesses are still struggling with administrative procedures and are being held back by an unstable business environment.

When the flag of institutional reform is raised

Institutional reform and improving the business environment reflect the Government's enduring determination over the years, benefiting people and businesses.

Gov't issues resolutions to develop socio-economy, improve business climate

The Government is determined to take drastic measures to realise the socio-economic development plan, better business climate, as well as improve national competitive capacity in 2021 through the issuance of Resolutions No.01/NQ-CP and 02/NQ-CP.

Efforts to improve business environment to be ramped up

The local business community anticipates that the Government will take specific and efficient measures aimed at immediately resolving bottlenecks that hinder their operations, said Vu Tien Loc, chairman of VCCI.

A promising future for Vietnam after COVID-19

With an increasingly open business environment, and continuing international integration, Vietnam has long been regarded as a promising destination for foreign investment.


Satisfaction index of public services to be unveiled in April

The Satisfaction Index of Public Administration Services (SIPAS) 2019 is scheduled to be released this April, according to the Ministry of Home Affairs (MoHA).

Deregulation the way forward for business: expert

Nguyen Dinh Cung, former director of the Central Institute for Economic Management and member of PM Nguyen Xuan Phuc's economic advisory group, speaks about measures to improve the business environment.


Business environment improved for enterprises

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc talks to about Vietnam’s efforts to improve its business environment.

ADB affirms economic growth potential of Vietnam

The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.

Vietnam under pressure to address corruption in private sector: UNDP

Corruption increases the cost of doing business, distorts the competitive environment, limits opportunities for investment and widens the growing social inequality, according to a UNDP expert.

New FTAs put pressure on VN to reform business practices

New-generation Free Trade Agreements (FTAs) are expected to help Viet Nam become more competitive if the country reduces trading costs and improves its business environment, experts said on Tuesday at a conference in HCM City.


Two decades of historical admin reform for business operations

The Law on Enterprises has undergone amendments since the first incarnation 20 years ago, which impacted the change in business freedom and contributed to a fair, and non-discriminatory business environment. 

Vietnam parliament requests building law on expats

The number of expats in Vietnam rose from 72,172 in 2013 to 88,845 in 2018, the majority of whom are holding key positions, including manager, CEO and technician.

Admin reforms will make nation more competitive

VietNamNet Bridge – Vuong Dinh Hue, Deputy PM and Head of the national steering committees on National Single Window and ASEAN Single Window, tells Hai Quan that admin reforms will target reaching ASEAN-4 levels

Administrative procedures stifle business growth

VietNamNet Bridge - The bigger that businesses get, the more administrative procedures they must follow, which often stifles growth and the desire to expand.