Known as one of the best-performing chambers of commerce in the world, the Vietnam Chamber of Commerce and Industry (VCCI) now gathers nearly 11,000 direct members and more than 100,000 indirect members representative of all economic sectors. Most State and private companies and major associations are VCCI members. Huge workload On April 27, 1963, on behalf of the Council of Government, Prime Minister Pham Van Dong signed the Decision 58-CP on the establishment of the Chamber of Commerce of the Democratic Republic of Vietnam. During its 50-year history, VCCI has always been a strong backer for the Vietnamese business community and entrepreneurs. As a national agency representative of Vietnamese business community, VCCI has greatly contributed to the rapid formation and development of market economic institution in Vietnam, built business community and entrepreneur force, improved investment and business environment and served as an important connecter for authorities and business … [Read more...]

From its inception, the Vietnam Chamber of Commerce and Industry (VCCI) has focused on maintaining and expanding cooperation between Vietnam and other countries, to meet the needs of economic development. From having relations with some countries, VCCI now has relationships with hundreds of enterprises, international and regional organisations. The prestige and power of VCCI has been recognized by domestic and foreign institutions through specific, effective support activities and it is considered one of the most dynamic Chambers of Commerce and Industry in the region. Meeting the requirements of the country In the first phase, an important task in international cooperation of VCCI was, through exchanges, to expand economic ties with other countries and break the siege and economic blockade; and implement market research activities and international trade rules study to prepare for the expansion of economic activities in the future. VCCI activities this period were closely associated … [Read more...]

On April 29, 1960, the Standing Committee of the Government Council of the Democratic Republic of Vietnam approved the guidelines for the establishment of the Chamber of Commerce of the Democratic Republic of Vietnam. After nearly 3 years of active preparation, on March 14, 1963, the first Congress of the Chamber of Commerce was held in Hanoi with the participation of 93 organisations and original members, mainly importing and exporting companies. The Congress adopted the Charter and elected the Administrative Committee to direct the operations of the Chamber. The Congress results and the Charter were ratified by the Government Council in Decision 58-CP dated April 27, 1963, signed by Prime Minister Pham Van Dong and April 27, 1963 went into the history of the economy and business community as the founding date of the Vietnam Chamber of Commerce and Industry (VCCI). For half a century, in spite of numerous changes and difficulties, and in all circumstances, VCCI has made significant … [Read more...]

1.April 27, 1963: The Chamber of Commerce of the Democratic Republic of Vietnam was established On April 27, 1963, on behalf of the Council of the Government, Prime Minister Pham Van Dong signed Decision No. 58-CP approving the Charter of the Chamber of Commerce of the Democratic Republic of Vietnam, marking the establishment of the Chamber. In the early stage, the Chamber of Commerce of the Democratic Republic of Vietnam maintained and expanded trade relations between Vietnam and other countries, mainly non-socialist countries, in order to expand economic relations with other countries, broke the economic embargo, and studied market surveys and international trade laws, so as to support enterprises to do business or expand operations. Activities of the Chamber of Commerce of the Democratic Republic of Vietnam were tied to wartime missions and achieved positive results. The Chamber played a considerable role in approaching capitalist market countries, breaking the siege and embargo, … [Read more...]

The cooperation between the customs sector and Vietnam Chamber of Commerce and Industry (VCCI) has produced practical and effective results as it is tied closely to actual requirements of the economy in general and enterprises in particular on the basis of facilitating activities of enterprises in a move to generate incomes for the State Budget and ease up customs works on import - export activities of enterprises. Among their cooperation contents, the coordination in surveying enterprises, organising dialogues with businesses, popularising customs laws, and preventing fraudulence in certificate of origin (C/O) has been rated positive and effective. Customs, VCCI coordinate in surveying businesses In 2012, the General Department of Customs signed an agreement with VCCI and USAID STAR Plus Project to jointly survey businesses in the year. The survey focused on assessing customs activities in three fields of the service slogan: Professionalism, transparency and efficiency. This … [Read more...]

"We now not only lack skilled workers, but also high-profile managers. I think it is time for us to think about an international programme for training high profile entrepreneurs to succeed the older generations," said Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry in a New Year interview with VOV. VOV:What convinces you of the competitive ability of Vietnamese businesses in the integration process? Mr Loc: The Vietnamese business community has grown steadily in terms of quality and quantity. Before 2000, Vietnam only had several thousand enterprises, mostly owned by the State, but now the figure has risen to nearly 200,000, excluding approximately two million private traders across the country. Many of these enterprises have become potential partners of big international companies and part of the global distribution chain for powerful groups. State-owned enterprises (SOEs) have also seen positive changes through the restructuring and equitisation processes. … [Read more...]

During the process of global economic integration, entrepreneurs need to be supported with mechanisms and procedures for business operations in which the Vietnam Chamber of Commerce and Industry (VCCI) plays a key role. A conference of enterprises in the northern coastal area held recently by the VCCI in Ha Long City, the northern border province of Quang Ninh has provided a good opportunity for entrepreneurs to express their operational difficulties during the process. Over the past years, the VCCI has served as a bridge to the collection of opinions from businesses for submission to the Government, local administrations and relevant agencies. Most reports presented at the conference deal with advantages, disadvantages and barriers, which are adversely affecting businesses' operations such as cumbersome administrative procedures and local administrations and functional sectors' failure to resolve issues related to land fund and incentive policies for businesses. Tran … [Read more...]

Thirty three percent of businesses cannot afford the current long term lending interest rates of 12-13 percent and higher. One third of enterprises had their profits decrease in the first quarter of the year, a Vietnam Chamber of Commerce and Industry's (VCCI) survey has found. When asked about the conditions to serve production and business in the first quarter, only 12 percent of enterprises said that conditions got better. Meanwhile, 52 percent said conditions remained "normal", 25 percent did not have clear feelings, and 11 percent affirmed conditions worsened. Especially, 18 percent of polled enterprises said their business results were worse in the first quarter. Businessmen said that the higher demand in both the domestic and foreign markets, and updated market information and technologies have had positive impacts on their businesses. Meanwhile, in comparison with 2010 there have been no big changes businesses' feelings towards land access and conditions of … [Read more...]

With its key functions as a supporter of the Vietnamese business community, a connection line between the Government and businesses and a bridge between domestic and international businesses, VCCI (the Vietnam Chamber of Commerce and Industry) has truly become a common meeting house for Vietnamese businesses and businessmen. Uniting and Supporting Businesses The number of VCCI members has continually increased in recent years. VCCI members now include not only businesses and businessmen, but also the associations of various professions and industries. In the past 5 years, VCCI has adopted over 5,400 new members, bringing the total membership to more than 65,000. VCCI has a number of competent functional bodies, such as institutes, training centers, trade and economic promotion agencies, consultancy and economic arbitration centers. These organizations have become a dependable support base for both domestic and foreign businesses, and businessmen in Vietnam. To improve the capacity … [Read more...]

Enterprises with good strategies and effective business plans will continue to grow in 2012, Vu Tien Loc, chairman of Chamber of Commerce and Industry Vietnam (VCCI), told Tuoi Tre in an exclusive interview. … [Read more...]