The Ministry of Finance held a meeting in Hanoi on February 24 with the US-ASEAN Business Council to discuss and unpick barriers for the council’s member businesses operating in Vietnam.

According to the council, Vietnam’s business climate has vastly improved. However, enterprises still face difficulties regarding policies and taxation.

Participants at the meeting proposed detailed suggestions to create an investment environment in accordance with international practices.

Minister of Finance Dinh Tien Dung recognised the active contributions of foreign direct investment projects in Vietnam’s development.

He said in 2014 and the following years, Vietnam will move to improve the effectiveness of foreign direct investment.

To this end, the country will focus on quality and added value, as well as those that are environmentally friendly and adopting advanced technologies.

Dung said his ministry is committed to stepping up the perfection of its management mechanisms to facilitate overseas businesses in Vietnam.-VNA