Vcci

Tuan said the existing overlaps, inconsistencies and lack of transparency required stronger reforms to be carried out with a drastic spirit to create the most favourable business environment for enterprises and position Viet Nam among countries with the best business climate in ASEAN. … [Read more...] about There is room for stronger reforms: VCCI

Hanoi (VNA) - There is still significant room for stronger reforms to create a more favourable business environment and make Vietnam among countries with the best business environment in ASEAN, according to the Vietnam Chamber of Commerce and Industry (VCCI). VCCI’s Chairman Vu Tien Loc spoke at an event on January 12 to announce the report about Vietnam's business regulations in 2020, saying that Vietnam was among few countries reporting positive economic growth last year. Loc said drastic efforts in hastening institutional reforms and improving policies and mechanisms for enterprises helped the Vietnamese economy overcome difficulties as the COVID-19 pandemic heavily affected every socio-economic field. The report, which looked at notable business regulations in 2020 with a focus on market entry and the legal framework for the digital economy, revealed that there were 17 laws, 158 decrees, 39 decisions and 310 circulars issued last year. The number of circulars issued … [Read more...] about There is room for stronger reforms: VCCI

Loc said, “The interruption of the previous laws have directly affected the local investment and business climate, and also reflected the inadequacies in building conditions for entering the market and legal frameworks for the digital economy.” … [Read more...] about VCCI highlights advances in legislation and business reforms in 2020

Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam

Hanoi (VNA) – A conference was held in Hanoi on January 21 to discuss measures to improve the domestic business environment and competitiveness of the economy as well as orientations for the next five years. Participants at the event highly evaluated the efficiency of reducing business conditions so far, as well as issues relating to the inclusion of the conditions in relevant regulations. Addressing the event, part of the Australia Supports Economic Reform in Vietnam (Aus4Reform) programme, Deputy Director of the Central Institute for Economic Management (CIEM) Phan Duc Hieu said that the event is a chance for participants to seek measures to support business and production activities, and identify obstacles in the field. Nguyen Minh Thao, head of the CIEM Department for Business Environment and Competitiveness Research, said that as of the end of 2019, more than 30 documents on business conditions were issued, cutting more than 50 percent of business conditions. Many … [Read more...] about Experts discuss measures to improve business environment