The Government of Viet Nam has made accelerated efforts to improve the business climate but more drastic measures must be taken at local levels where firms still face obstacles in doing business, according to the Viet Nam Chamber of Commerce and Industry (VCCI).
The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.
More organizations are offering new financial products and services that are changing the form and nature of the market and are shaping the future of financial inclusion.
Trade promotion has become more and more important because it impacts enterprises’ product consumption so trade promotion should be improved, an official said.
As Vietnamese leaders urge the introduction of safeguards to protect domestic auto manufacturers against cheap imports, economic experts say such a move would actually be quite difficult.
The Vietnamese Government has accused Australia of "causing serious damage" to its prawn farmers and exporters and has asked the Federal Government to reconsider the ban on uncooked prawn imports.
Viet Nam’s industry is developing too slowly and is still reliant on many foreign-invested enterprises, says Nguyen Van Binh, head of the Party Central Committee’s Commission of Economic Affairs.
A concerted effort by all stakeholders, from policymakers to entrepreneurs, is needed to make Viet Nam more competitive, Deputy Prime Minister Vu Duc Dam said on Friday.
Reforms in taxation procedures have elicited increased satisfaction from enterprises over the last two years, but they continue to expect further simplification, a survey by the Viet Nam Chamber of Commerce and Industry (VCCI) has found.
A list of the best and worst regulations of 2016 compiled by the Viet Nam Chamber of Commerce and Industry (VCCI) has been received by concerned ministries with varying degrees of acknowledgement and skepticism.