Business competitiveness in midland, mountainous regions discussed
A workshop was held in Thai Nguyen province on August 19 to seek ways to improve the competitiveness of businesses operating in the mid-land and mountainous regions.
Chairman of the Thai Nguyen provincial People’s Committee Duong Ngoc Long (Source: vccinews.vn)Business representatives shared the difficulties they are facing in business and production and made proposals on how to promote regional connectivity, improve the investment environment and provincial competitiveness index (PCI) during the integration process.
According to the VCCI’s latest report, 46 percent of domestic private businesses and 50 percent of foreign-invested businesses in Vietnam plan to expand their operations in the time to come, the highest rate since 2012. The result is attributed to the country’s effective implementation of administrative procedure reform.
Speaking at the event, Chairman of the Thai Nguyen provincial People’s Committee Duong Ngoc Long affirmed that administrative procedure reform is a priority to implement the country’s socio-economic development strategies. Thai Nguyen’s PCI jumped from 57/63 localities in 2011 to 8/63 localities in 2014.
Head of the Thai Nguyen Business Association Nguyen Van Thoi emphasised the importance of speeding up institutional reform and improving the business climate to increase the competitiveness of enterprises at both central and local levels, as competition is growing fiercer with the signing of more free trade agreements.
They said it is necessary to review import-export management regulations so as to find measures to cut down time and costs for customs clearance.
VCCI Chairman Vu Tien Loc, who is Vice Chairman of the Advisory Council on Administrative Procedure Reform of the Prime Minister, took note of the business community’s complaints and proposals and pledged to present them to the Government.-VNA
You should also see
Optimising UNESCO titles for national development
Owning many tangible and intangible UNESCO-recognised heritage sites, Vietnam is striving to optimise the value of the UNESCO titles for stronger socioeconomic development.
See more
Business
Kien Giang prioritising agricultural production towards resilience
The Mekong Delta province of Kien Giang is among localities significantly impacted by climate change, particularly drought and saltwater intrusion. In response to these pressing issues, it has prioritised agricultural production with a focus on resilience, developing various production models tailored to its circumstances.
Business
Vietnamese, Chinese, Lao localities promote tourism cooperation
More than 150 representatives from domestic tourism businesses and firms from China’s Yunnan province and Laos’ Vientiane city have shared experience and proposed measures to boost cooperation at a conference held in Sa Pa resort town, the northern province of Lao Cai.
Videos
Businesses bullish on Q2 outlook: GSO
Processing and manufacturing enterprises have forecast better performance in Quarter 2 despite global headwinds posed by conflicts and high production costs, according to a survey by the General Statistics Office of Vietnam.
Business
Four-month public investment disbursement reaches 14.66% of target
The disbursement of public investment in the first four months of this year was estimated to meet 14.66% of the set target and 15.65% of the plan assigned by the Prime Minister, according to the Ministry of Finance.
Business
Vietnam secures remarkable economic successes since national reunification
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.
