Expert opinions sought to improve Vietnam’s business climate
Vietnam’s business environment will improve considerably if the country can address the two key issues on business conditions and export-import management.
Vietnam’s business environment will improve considerably if the country can address the two key issues on business conditions and export-import management, an expert told a workshop reviewing the six-month enforcement of Government Resolution 19 on the business climate and competitiveness.
Among the 10 criteria set by the World Bank, two are judicially relevant and eight others are applied in the law executive branch. The Government should work closely with the Supreme People’s Court to meet judicial performance goals, said Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
Regarding criteria in the field of law execution, uneven progress was seen with gaps among ministries, agencies and localities.
He cited the example of the Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development (MARD), saying that while the MoIT set regulations on conducting business and export-import management, the MARD did a better job in implementing the Government Resolution 19.
At the current pace of resolution implementation, targets pertaining to construction permits, asset declarations and border customs clearances will not be met, Cung said.
Pham Thanh Binh, an expert from the United States Agency of International Development (USAID)-funded Governance for Inclusive Growth (GIG) programme, said businesses reported slow progress in specialised export-import management procedures.
Surveys at customs offices in Hanoi, Ho Chi Minh City, Hai Phong and Hai Duong showed 30-35 percent of imports are subject to specialised inspection while exports face strict specialised checks by numerous agencies.
President of the Vietnam Tax Consultants’ Association Nguyen Thi Cuc said the business community is urging more changes in insurance payment for maternal leave, online application for social insurance, among others.
The event was co-hosted by the CIEM and GIG programme.-VNA
Vietnam needs to complete economic market institutions while promoting administrative reforms and creating favourable conditions for foreign businesses to invest in the country.
The mid-term Vietnam Business Forum 2015 will focus on solutions and measures to grow private enterprises and make them be more competitive and be big enough to join the global supply chain.
A string of recent moves to reform mechanisms and tax and customs policies have resulted in encouraging outcomes, evidenced by a number of improved business indexes.
Tran Huu Huynh, head of the Vietnam Chamber of Commerce and Industry (VVCI)'s Advisory Committee on International Trade Policies, tells Hai Quan (Customs) that local enterprises should unite and practise an open management policy to remain competitive.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Rice for exports (Photo: VNA)
