business environment

Update news business environment

Vietnam urged to speed up business environment reform

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.

Minister warns about policies holding back economic progress

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.

The three bottlenecks facing private enterprises in Vietnam

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.

Civil servants to be sacked if found deliberately dragging out proceedings: official

European enterprises are complaining that they have had to wait 4-5 months to have their labor records handled.

Manufacturing business conditions improve in February

The Vietnamese manufacturing sector has seen a pickup in new orders, leading to higher output, employment and purchasing activity.

Enterprises expect State to provide more support to reform business environment

Business leaders are calling for increased efforts from government agencies to implement crucial business environment reforms in the coming year.

Positive prospects in 2023

Vietnam’s economy is expected to have positive prospects in 2023 after witnessing stability in late 2022 with bright macroeconomic indicators amid the world’s difficulties.

Short-lived legal documents cause a hindrance to firms

Many legal documents in Vietnam have been made in such a way that creates a great compliance burden on firms, according to insiders.

Regulations on conditional business lines need revision: insiders

Insiders are calling for a revision to regulations on conditional business lines as the regulations have caused major hindrances to firms.

Vietnam commits to creating best business environment: PM

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.

‘Petty corruption' is rampant, hard to get rid of

More than 67% of enterprises paid "unofficial" costs in construction inspection activities and 61.36% for conditional business licenses.

VN Prime Minister pledges more support for businesses

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.

Too many barriers will cause businesses to fail

The goal of developing 1 million businesses by 2020 has failed. The biggest challenge lies in the business environment.

Vietnam must get rid of mindset of having “competitive advantage in labor costs”

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.

Many barriers impeding growth of businesses

The report on the 500 largest Vietnamese Private Enterprises (VPE500) was published last week, which included a lot of valuable information on the current state of businesses in the country.

Investors implored to expand funding channels to benefit

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 stakeholders' confidence in Vietnam's business environment slightly declines

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).

Enterprises feel ‘insecure’ about business conditions

Reform has not pursued the wishes of enterprises and the actual situation. This is why businesses feel insecure.

Informal charges continue to decline: PCI 2021

Informal charges continue to decline in most business-government interactions, according to the 2021 Provincial Competitiveness Index (PCI) released by the Vietnam Chamber of Commerce and Industry (VCCI) last week.

Vietnam needs to amend Bidding Law to join int’l playing ground

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.