Businesses urged to engage in institutional reform
Businesses play a vital role in creating a breakthrough in
institutional reform, Chairman of the Vietnam Chamber of Commerce and
Industry (VCCI) Vu Tien Loc said at a workshop in Hanoi on March 19.
Businesses play a vital role in creating a breakthrough in
institutional reform, Chairman of the Vietnam Chamber of Commerce and
Industry (VCCI) Vu Tien Loc said at a workshop in Hanoi on March 19.
Loc noted the Government’s efforts to improve policies, which resulted in reductions of between 30-70 percent of the time spent on tax and customs procedures, more simple procedures for business start-up and better access to electricity.
However, in the global race, the Vietnamese business environment has moved up only two places to the 68th, which calls for double efforts in the coming time, he said.
According to Loc, the business community should be more active in providing recommendations and feedback to the government, particularly pointing out difficulties and restrictions in the field and suggesting measures to remove them.
Le Minh Thong, Deputy Chairman of the National Assembly’s Law Committee, said lawmaking and enforcement agencies should hold more dialogues with businesses in order to identify and remove the bottlenecks.
Sharing this viewpoint, Vice Chairwoman of the Vietnam Textile and Apparel Association (VITAS), Dang Phuong Dung said the Government’s Resolution 19 on improving the business climate and competitiveness in 2015 and 2016 has provided the foundation to help businesses integrate deeper in the global market and perform more efficiently.
However, she emphasised that businesses hope for more improvements in reality.
Resolution 19 gives priority to speeding up administrative reform, thus further reducing time and cost for handling administrative formalities, and ensuring transparency and accountability of State administrative agencies.
It also aims for extensive reform of business regulations, bringing the country’s business environment to the mid-range level compared to the six more developed members of ASEAN, which are Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
The workshop was co-organised by the VCCI and the Governance for Inclusive Growth programme of the US Agency for International Development (USAID/GIG).-VNA
Loc noted the Government’s efforts to improve policies, which resulted in reductions of between 30-70 percent of the time spent on tax and customs procedures, more simple procedures for business start-up and better access to electricity.
However, in the global race, the Vietnamese business environment has moved up only two places to the 68th, which calls for double efforts in the coming time, he said.
According to Loc, the business community should be more active in providing recommendations and feedback to the government, particularly pointing out difficulties and restrictions in the field and suggesting measures to remove them.
Le Minh Thong, Deputy Chairman of the National Assembly’s Law Committee, said lawmaking and enforcement agencies should hold more dialogues with businesses in order to identify and remove the bottlenecks.
Sharing this viewpoint, Vice Chairwoman of the Vietnam Textile and Apparel Association (VITAS), Dang Phuong Dung said the Government’s Resolution 19 on improving the business climate and competitiveness in 2015 and 2016 has provided the foundation to help businesses integrate deeper in the global market and perform more efficiently.
However, she emphasised that businesses hope for more improvements in reality.
Resolution 19 gives priority to speeding up administrative reform, thus further reducing time and cost for handling administrative formalities, and ensuring transparency and accountability of State administrative agencies.
It also aims for extensive reform of business regulations, bringing the country’s business environment to the mid-range level compared to the six more developed members of ASEAN, which are Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
The workshop was co-organised by the VCCI and the Governance for Inclusive Growth programme of the US Agency for International Development (USAID/GIG).-VNA
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