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.
Da Nang chose 2014 to be “The year of businesses”, requiring the entire city’s administrative system to join hands in solving businesses’ problems, developing their productions and overcoming the current economic downturn.