The burden of unofficial costs is weighing on enterprises in Vietnam, and it is rising year by year. The bigger the businesses are, the more they are inspected by relevant bodies, found the PCI (provincial competitive index) survey in 2015 by the Vietnam Chamber of Commerce and Industry (VCCI).
Ho Chi Minh City should become a special economic zone, modeled on Shanghai, in order to win back its position as Southeast Asia’s leading economy, the secretary of the municipal Party Committee said on Sunday.
Not only possessing many advantages in investment attraction, Soc Trang province is also appreciated for having alluring incentive policies and active, considerate business support for investors. Mr Lam Hoang Nghiep, Director of the Department of Planning and Investment of Soc Trang province, said, “Promoting this point in raising investment attraction results, Soc Trang province is ready to roll out the red carpet to welcome investors and to support and satisfy all legitimate requirements from investors in the 2015 - 2020 period.” Vo Minh Kiet - Nguyen Viet Hung report.
More than 50 per cent of surveyed Japanese enterprises operating in Vietnam confirmed high growth potential. This stems from the investment environment in Vietnam, especially in Ho Chi Minh City, which has tended to improve positively. The investment environment is moving towards more transparency.
The Department of Natural Resources and Environment has recently held a workshop on implementing plans and solutions to improve the state-management efficiency and the Provincial Competitiveness Index (PCI) of the Natural Resources and Environment sector in 2016.
Authorities in the northern mountainous province of Yen Bai will enhance measures to improve the local investment climate, aiming to facilitate the operation of enterprises – especially foreign-invested ones.
The Vietnam Chamber of Commerce and Industry (VCCI) and the Nghe An Provincial People's Committee signed a cooperation agreement for the 2016-2020 period at the New Year Investors Meeting 2016 in Vinh City, the capital of Nghe An province.
Experiences from developed countries have shown that transparency, accountability and participation significantly reduce corruption, which in turn helps increase access to and improve the quality of public services. When it comes to developing countries, the links between governance, corruption and public service quality are under debate due to the prevalence of corrupt practices in public services and challenges in combating corruption in the public sector.