Vietnamplus

Free trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country.

Vietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report. ​

Forbes magazine in Israel recently ran article entitled “Why should we think more about Vietnam?” that highlighted the country’s political, economic, and diplomatic achievements and its successful fight against COVID-19.

The Government will waive business licence fees for a number of companies to improve the business climate and promote entrepreneurship.

The Government of Indonesia expects to boost the country’s “doing business” ranking to the 53rd place on the World Bank (WB)’s list this year in a bid to attract more investment.

Prime Minister Nguyen Xuan Phuc emphasised the important role of the Ministry of Planning and Investment (MPI) and asked it to take the initiative in solving development conundrums while addressing a conference in Hanoi on January 9.

Although Vietnam has made strides in bettering the business environment and competitiveness capacity, there’s still room for improvement, heard participants at a meeting held in Hanoi on December 6.

Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.

The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on June 12 under the chair of Deputy Prime Minister Vu Duc Dam.

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.

In experts’ view, the transfer of households to enterprises is necessary to standardise and avoid the current abuse. However, the problem is that it is difficult to transfer all of them immediately.

The Electricity of Vietnam (EVN) has entered the list of the top 100 sustainable enterprises in 2018 which was announced by the Vietnam Business Council for Sustainable Development (VBCSD), under the Vietnam Chamber of Commerce and Industry (VCCI).

Progress on deregulation of business prerequisites was still much below the goal, requiring greater cost-cutting efforts for businesses, the Central Institute for Economic Management (CIEM) told a conference in Hanoi on November 14.

Thailand ranks 27th among 190 economies in the Ease of Doing Business (EODB) ranking, according to the World Bank's Doing Business 2019 report.

Vietnam has made encouraging achievements in improving the local business climate and national competitiveness since the issuance of Resolution No.19 in 2014, as heard at a seminar held in Hanoi on November 2.

Vietnam has lost one spot from last year on the World Bank’s ease of doing business report to rank 69th out of 190 countries and territories.

Vietnam’s Getting Electricity indicator was ranked 27th among 190 countries and economies in the World Bank’s Doing Business report in 2018, up 37 places from last year.

National Assembly Chairwoman Nguyen Thi Kim Ngan has affirmed Vietnam’s commitments to building a more friendly investment and business environment for enterprises, on par with global standards and those of the Organisation for Economic Cooperation and Development (OECD), of which Turkey is a founding member.

Vietnam’s improving competitiveness has helped it become more attractive to Bulgarian companies who want to invest and seek business opportunities in the country, Bulgarian Minister of Economy Emil Karanikolov has said.

The US Agency for International Development (USAID) will make every effort to assist Vietnam in improving the efficiency of civil judgment enforcement, said a USAID official.