The business community wants stronger reform efforts at local levels, according to a recent survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
Hanoi (VNA) – The business community wantsstronge💖r reform efforts at local levels, according to a recent survey conductedby the Vietnam Chamber of Commerce and Industry (VCC⭕I).
Survey participants said the settlement of complaints andpetitions by local administrations was not as efficient as by ministries andcentral-level agencies. While the business community recognised improvements in theinvestment and business environment and efforts of all-level administrations,there is much room for improvements, said VCCI Chairman Vu Tien Loc. Loc said ministries, agencies and local administrations haveannounced many reforms and measures, but it seems to take a long time for themto have direct impacts on enterprises. “There is still a far distance from support policy to thetarget beneficiaries,” according to Loc. Head of the VCCI’s Legal Department Dau Anh Tuan said anumber of public servants have limited working capability and bureaucracy andharassment still exist. Problems have arisen in the streamlining of businessconditions, especially the different criteria used by ministries in decidingwhich conditions should be abolished and which should not. The problems aside, the business community have acknowledgedthat under the drastic instruction of the Prime Minister and Government, thestreamlining of administrative procedures and barriers to business has become abright spot in the implementation of Resolution 35 on administrative procedurereform in 2018. Remarkable progress was seen in access to electricity,business start-up, business conditions and taxation procedures. Head of the VCCI’s Legal Department Dau Anh Tuan said manylocalities had surpassed the targets set in their commitments on administrativeprocedure simplification. Localities with effective reforms are Dong Thap, Da Nang,Quang Ninh and Long An. Other localities have also made progress. All localities have applied the one-stop-shop model inhandling administrative procedures and built public administrative centres atprovincial level and even at district level, while promoting the use of informationtechnology in handling many procedures related to land, construction, tax,insurance, and utilities, thus remarkably saving time for businesses. Tuan particularly noted that most localities have switchedto receiving and handling tax declarations online, with the rate of businessesusing the services reaching 96-100 percent. Many localities hold regulardialogues in various forms between local officials and the business community,thus facilitating smooth communications between the two sides. The cause of reform requires stronger actions in 2019, as abetter future will not be realised if there is no action, VCCI Chairman Locaffirmed.-VNA
National Assembly deputies expect that Free Trade Agreements (FTAs) will give local enterprises both opportunities and challenges, forcing them to reform if they are to survive and grow.
Deputy Prime Minister Vuong Dinh Hue has asked for a breakthrough in improving the health of businesses, especially State-owned enterprises (SOEs) in 2018.
Connecting enterprises at home and abroad for common interests is the aim of the Vietnam Business Forum (VBF) held in Hanoi on July 4, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc and Vice Chairman of the European Chamber of Commerce in Vietnam (EurcoCham) Tomaso Andreatta have affirmed.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.