Vietnam sees improvements in business environment

(VOVWORLD) - Vietnam’s business and investment environment and competitiveness have greatly improved, becoming the focus of Government activities in the past 5 years, according to a new report from the Vietnam Chamber of Commerce and Industry (VCCI).
Vietnam sees improvements in business environment - ảnh 1

Economists say measures to improve the business climate and support businesses continue to be implemented. In particular, the Government last year requested a slash of 20% of business-related regulations.

Despite the improvements, Vu Tien Loc, VCCI’s Chairman, says more should be done on administrative procedures and transparency.

“We have made it easier for small and medium-sized enterprises to enter the market. But there remain lots of obstacles for major enterprises to invest in areas that require a large investment and much time to recoup the investment,” said Loc.

 

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