Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, 

The year 2020 is expected to bring about both opportunities and challenges for Vietnam to soar higher. 

The health of businesses reflects the ‘health’ of the national economy. 

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, VCCI Chairman Vu Tien Loc said.

Vietnam's reform process needed to step up a gear in order for the country to become one of the top four in ASEAN in terms of business climate, Chairman of the VN Chamber of Commerce and Industry (VCCI) said at a conference on Tuesday.

Improving corporate governance capacity is a major challenge for businesses, especially small-and-medium sized enterprises when joining the EVFTA, requiring the Government to have policies and mechanisms to facilitate their operation.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to put pressure on Vietnamese enterprises to increase their competitiveness in order to make inroads into the European market.

The real estate market in the northeastern province of Quang Ninh is booming this year, in line with previous forecasts.

If Vietnam is not determined to reform, it will be a lower average income country forever, writes Vu Tien Loc, chair of the Vietnam Chamber of Commerce & Industry (VCCI) for ‘For a Powerful Vietnam’, a forum initiated by VietNamNet.