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 ininstitutional reform, Chairman of the Vietnam Chamber of Commerce andIndustry (VCCI) Vu Tien Loc said at a workshop in Hanoi on March 19.

Loc noted the Government’s efforts to improvepolicies, which resulted in reductions of between 30-70 percent of thetime spent on tax and customs procedures, more simple procedures forbusiness start-up and better access to electricity.

However, in the global race, the Vietnamese business environment hasmoved up only two places to the 68th, which calls for double efforts inthe coming time, he said.

According to Loc, thebusiness community should be more active in providing recommendationsand feedback to the government, particularly pointing out difficultiesand restrictions in the field and suggesting measures to remove them.

Le Minh Thong, Deputy Chairman of the NationalAssembly’s Law Committee, said lawmaking and enforcement agencies shouldhold more dialogues with businesses in order to identify and remove thebottlenecks.

Sharing this viewpoint, ViceChairwoman of the Vietnam Textile and Apparel Association (VITAS), DangPhuong Dung said the Government’s Resolution 19 on improving thebusiness climate and competitiveness in 2015 and 2016 has provided thefoundation to help businesses integrate deeper in the global market andperform 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 administrativeformalities, and ensuring transparency and accountability of Stateadministrative agencies.

It also aims for extensivereform of business regulations, bringing the country’s businessenvironment to the mid-range level compared to the six more developedmembers of ASEAN, which are Brunei, Indonesia, Malaysia, thePhilippines, Singapore and Thailand.

The workshopwas co-organised by the VCCI and the Governance for Inclusive Growthprogramme of the US Agency for International Development (USAID/GIG).-VNA

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