Update news business environment
Economists have voiced concern about the slowdown of the business environment reform recently. The old required business conditions, which were removed, have returned to cause difficulties for enterprises.
At important events, Minister of Planning and Investment Nguyen Chi Dung always stresses that new policies and regulations that require people and businesses to spend more, create new procedures, and require more time must not be issued.
While private enterprises have to struggle to get land for factories, the red carpet treatment is given to foreign-invested enterprises (FIEs) in all cities and provinces in the country.
European enterprises are complaining that they have had to wait 4-5 months to have their labor records handled.
The Vietnamese manufacturing sector has seen a pickup in new orders, leading to higher output, employment and purchasing activity.
Business leaders are calling for increased efforts from government agencies to implement crucial business environment reforms in the coming year.
Many legal documents in Vietnam have been made in such a way that creates a great compliance burden on firms, according to insiders.
Insiders are calling for a revision to regulations on conditional business lines as the regulations have caused major hindrances to firms.
As a responsible member of the international community in general and the Association of Southeast Asian Nations (ASEAN) in particular, Vietnam commits to creating the best business environment for enterprises, said Prime Minister Pham Minh Chinh.
The Government will create more favourable conditions for businesses and businesspeople in all economic sectors to gain fair access to development resources, Prime Minister Pham Minh Chinh said yesterday.
Many Japanese businesses believe that Vietnam needs to get rid of the image of an assembly and outsourcing country by creating new technology industries to help solve society's challenges.
Investors interested in pumping money into Vietnam are being urged to embrace flexibility in order to generate success across a wider range of investment channels.
European business stakeholders' confidence in Vietnam's investment environment declined slightly in the second quarter of this year, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham).
Reform has not pursued the wishes of enterprises and the actual situation. This is why businesses feel insecure.
The amendment of the Law on Bidding aims to update regulations in line with the free trade agreements (FTAs) that Vietnam has joined, to create a favorable business environment, and promote innovation.