Simplification of business conditions remains limited: conference

The speed of red tape cutbacks for business conditions still remains limited in spite of great efforts made by the Government and relevant ministries and sectors.
Simplification of business conditions remains limited: conference ảnh 1Scene at the conference held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on July 31 (Photo: VNA)

Hanoi (VNA) – The speed of red tape cutbacks for business conditions still remainslimited in spite of great efforts made by the Government and relevant ministriesand sectors, heard a conference held by the Vietnam Chamber of Commerce andIndustry (VCCI) in Hanoi on July 31.

Speaking at the event, VCCI Chairman Vu Tien Loc said that businesses have onlyseen a few points in the framework adjusted, rather than the completeabolishment of the bottlenecks, adding that this causes a lot of anxiety forbusinesses.

According to reports from the VCCI, about 1,000 legal documents are issuedannually, with about 50 percent related to businesses.

Thereare around 10-20 laws adopted by the National Assembly and 200 decrees anddecisions issued by the Prime Minister each year. The remaining stipulationsare circulars issued by various ministries and ministry-level agencies.

Loc said that over the past two years, there has been a clear trend of economicinstitutions becoming increasingly oriented towards the market economy, addingthat business barriers and excessive State intervention in the market havegradually been removed.

The Government has asserted its views on market economy institutions, but the translationof these views into specific legal regulations is still restricted, Locstressed.

However, the situation showed positive changes in the first half of 2018, withmany legal documents issued to remove difficulties for enterprises, especially decree-leveldocuments.

Dau Anh Tuan, head of VCCI’s legal department, highlighted efforts made by the Governmentand relevant agencies in the first six month of the year to cut down business conditions,saying that they helped remove barriers facing enterprises’ activities.

He also pointed out results in administrative reform, which contributed to reducingthe burden of State administrative management.

Thetransparency of court judgments in business disputes has helped promote fair andcredible competition that is protected by the justice system.

Forexamples, there are new decrees on business conditions in areas under themanagement of the Ministry of Industry and Trade, in particular Decree No.87/2018/ND-CPon gas business, and Decree No.109/2010/ND-CP on rice exports, Tuan said.

Legal provisions on the quality of products and goods, and technical standards arealso the focus of the Government's business law reform in line with the marketeconomy, he noted.

At the beginning of 2018, a number of regulations related to quality control ofcommodities were also issued that will have a great impact on businesses, Tuansaid.

Decree No.15/2018/ND-CP on food safety is truly revolutionary as it bringsgreat benefits to food firms that are struggling with procedures concerningfood safety, he noted.

At the conference, VCCI representatives suggested enhancing the businesscommunity’s consultation in legal review work, promoting supervision mechanisms,and expanding proposals in adjustment schemes of business-related laws set outby ministries. –VNA  
VNA

See more

Workers produce leather shoes for export at Lefaso Tra Vinh Investment and Production Joint Stock Company in Tra Cu commune, Vinh Long province. (Photo: VNA)

Vietnamese exporters pivot to ease pressure from US tariffs

Pressure from the new US tariff policy is prompting Vietnamese exporters to reassess their strategies. Rather than pursuing volume-driven growth, many are shifting towards higher-value orders, tighter cost control, greater productivity and a more balanced allocation of markets to reduce reliance on a single destination.

A worker handles and stacks goods. Nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%. (Photo: VNA)

Firm entry and exits point to continued restructuring pressure

Updates from the National Statistics Office last week showed that nearly 138,100 businesses were newly founded from January to August, up 7.7% over the same period last year, while more than 40,800 businesses completed dissolution procedures, a jump of 125.5%.

A Vietnamese business introduces durian cakes to Chinese visitors at the 22nd China-ASEAN Expo (CAEXPO) in 2025. (Photo: VNA)

Vietnam steps up trade, investment promotion at China-ASEAN Expo

According to the CAEXPO Secretariat, Vietnam will once again lease an entire exhibition area of about 3,000sq.m, featuring 170 booths, making it one of the ASEAN countries with the largest exhibition spaces at this year’s event. Nearly 100 Vietnamese businesses have confirmed their participation, including major brands such as Trung Nguyen Group, TH Group, Saigon Coffee and Biti’s.

An overview of the VIFC's Executive Council meeting on September 7 (Photo: VNA)

Six groups of products, services proposed at Vietnam International Financial Centre

Deputy Minister of Finance Nguyen Thi Bich Ngoc said the products and services include investment funds and asset management, asset-backed digital assets, international carbon credits, commodity trading and derivatives infrastructure linked to trade and supply-chain financing, financial technology, and bonds issued at the centre. As these groups are at different stages of readiness, they will be rolled out in phases rather than simultaneously.

The meeting between the Quang Ninh delegation and Siemens Mobility (Photo published by VNA)

Quang Ninh seeks cooperation, investment opportunities in Germany

A Quang Ninh official praised the collaboration between Siemens Mobility and VinSpeed in developing the Hanoi–Quang Ninh high-speed railway and expressed his hope that the project will pave the way for future cooperation between Siemens Mobility and Quang Ninh in modern railway development and workforce training.

At the 10th intersessional meeting of UNCITRAL Working Group III in Ninh Binh province on September 7, 2026. (Photo: VNA)

Vietnam hosts UNCITRAL Working Group III intersessional meeting for first time

By hosting the 10th UNCITRAL Working Group III intersessional meeting, Vietnam wishes to continue playing an active and proactive role in UNCITRAL in general and Working Group III in particular, working alongside the international community to strengthen cooperation, share experience and contribute to the development of the international legal framework.

An Asian customer with a Vietnamese coconut product served with straws (Photo: VNA)

Vietnam’s agricultural exports: Shifting from volume to value

Vietnam has about 1.2 million hectares of fruit-growing areas, producing around 13 million tonnes a year. Its fruits are exported to more than 60 countries, including major markets such as the US, the EU, Japan, the Republic of Korea and China. The country is also among the world’s leading exporters of rice, cashew nuts, pepper and coffee, with its products reaching more than 150 countries, including markets with stringent standards.

A modern production line at Hana Micron Vina Co. Ltd., a wholly invested by the Republic of Korea, in Van Trung Industrial Park in Bac Ninh province (Photo: VNA)

Northern Vietnam attracts 80.5% of new manufacturing FDI in first half

John Campbell, Director and Head of Industrial Services at Savills Vietnam, said investment in electronics and semiconductors continued to concentrate in northern localities, which have developed relatively complete manufacturing ecosystems encompassing industrial infrastructure, technical labour and supplier networks.

At the 2025 K–Vietnam Pop-up Festa in Dalat (K-Market Vietnam 2025) held in the central province of Lam Dong on November 8, 2025. The event features a series of cultural and trade exchange activities between Vietnam and the RoK, with more than 100 Lam Dong and Korean enterprises showcasing typical products from both sides. (Photo: VNA)

Vietnam, RoK seek to expand trade cooperation

The Ministry of Industry and Trade’s Department of Foreign Markets said Korean companies showed strong interest in Vietnam International Sourcing (VIS 2026), covering food, logistics, digital technology, mechanics, shipbuilding, seafood and distribution.

According to the Vietnam Coffee Cocoa Association (Vicofa), Vietnam exported nearly 1.7 million tonnes of coffee in the first eight months of 2026, earning more than 6 billion USD. (Photo: VNA)

Vietnamese coffee exports poised for strong finish toward year-end

According to the Vietnam Coffee Cocoa Association (Vicofa), Vietnam exported nearly 1.7 million tonnes of coffee in the first eight months, earning more than 6 billion USD. Export volume rose by over 10% year on year, while export value fell by 11.2% due to lower export prices.