Vietnam should make changes to its legal system, speed up administrative reforms, and cut off sub-licences to better facilitate Korean investors, said Hong Sun, Chairman of the Korea Chamber of Business in Vietnam.
High interest rates have been hurting the ability of businesses to recover and invest in ramping up production capacity, said industry insiders and economists.
The trend of international economic integration has been opening up many trade opportunities for the Vietnamese business community. However, there are also many scams that cause local firms to suffer heavy losses.
Vietnam should improve its legal framework to maintain the attractiveness of the domestic investment environment to foreign firms, Vu Tien Loc, President of the Vietnam International Arbitration Centre (VIAC) has said.
Vietnam is spreading a message among domestic and foreign business community that the country will not let COVID-19 to hold back its pace of development and Vietnam has been and will continue to be the top destination for investors, said Vu Tien Loc, President of the Vietnam International Arbitration Centre (VIAC).
Close to 150 businesspeople active in agricultural products, food processing, paper making, functional foods, logistics, and banking came together at a seminar in Hanoi on June 17 to seek opportunities from the EU-Vietnam Free Trade Agreement (EVFTA) amid the COVID-19 pandemic.
Arbitrators need to step in and deal with disputes in public-private-partnership (PPP) projects so economic development will not be disrupted, experts have warned.
A workshop was held in Hanoi on July 4 to look into the prevention and settlement of contractual disputes in infrastructure public-private partnership (PPP) projects.
Vietnam, with its highly open economy, is facing many risks from the US-China trade war which has not shown any sign of easing, experts said at a workshop in HCM City on June 25 on the impacts of the trade war.
The Vietnam International Arbitration Centre (VIAC) received 180 disputes in 2018, with total dispute value amounting to 9.4 trillion VND (404.2 million USD), heard a workshop in Ho Chi Minh City on January 11.
Young people in the workforce need to be better prepared for competing in a knowledge-based economy, experts said at a conference held in Ho Chi Minh City on January 11.
A seminar discussing the settlement of trade disputes in the Fourth Industrial Revolution took place in Vinh city, in the central province of Nghe An, on October 2.
Though Vietnam is strong in producing and exporting agricultural products, it is facing a range of challenges and barriers in Europe due to new stringent food safety regulations.
Using mediation to resolve commercial disputes and conflicts not only helps enterprises save time but also helps them maintain good relations with business partners, a workshop heard in HCM City on August 16.
As many as 40 percent of FDI enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre.
Vietnam has stepped up efforts to address any disputes via commercial mediation over the past years and pledged to promote a legal framework for this field, heard a workshop in Ho Chi Minh City on March 7.
Vietnam International Arbitration Centre organised a workshop on June 6 with the International Finance Corporation to promote the use of alternative dispute resolution methods in the banking sector.
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