A laborer of a state-owned bridge building company works at a construction site of a bridge in Hanoi April 1, 2015. In 2014, 66 percent of 9,859 Vietnamese firms surveyed said they usually pay extra informal charges to facilitate business activities while during the previous year, 41 percent of the respondents said they did so, according to the Vietnam Provincial Competitiveness Index 2014. Photo: Reuters
A competitiveness measure report released Thursday paints a tad brighter picture of the business environment in provinces and cities across Vietnam, which is however still marred by unofficial expenses that keep burdening enterprises.
In Vietnam, corruption is a fact of life. From hospital care to land certificates, greasing the wheels of bureaucracy with some hard-earned cash is standard operating procedure. Though many have identified corruption as a biggest threat to the country's economy, things are only getting worse.
Ha Noi. On Thursday, April 16th 2015, the Vietnam Chamber of Commerce and Industry (VCCI) and U.S Agency for International Development (USAID) will host an annual conference to launch the 2014 Provincial Competitiveness Index Report.