A national conference between the Prime Minister and enterprises is to be organised soon to identify ways to address the difficulties facing businesses and facilitating their operations amid the COVID-19 outbreak.

The Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.

The Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.

Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).

The privately-owned business community in Vietnam has made great strides with investment expansion, which has contributed to improvements in the domestic business climate throughout the past year.

Vietnam would strongly cutting the number of procedures needed to start a business this year as an effort to improve the country’s business climate.

A special working group in charge of boosting reforms and improving the business climate would be set up this year.

For the first time, Vietnam plans to announce differences between business rules before and after removals or simplifications to evaluate the efficiency of reform efforts.

Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.

With fresh changes made by the National Assembly in the investment and enterprises laws, businesses are expected to benefit more from new improvements in the business climate.

A mechanism indicating fair, transparent and objective rules for ASEAN economies and their enterprises is needed to resolve trade issues when products are exported between markets.

Capital withdrawals of foreign retailers in Vietnam have fielded a number of queries on whether the firms had sustained losses or if the local business climate lacked enough incentives.

VietNamNet Bridge – The newly amended laws on Investment and Enterprises promise to open up opportunities and improve the business climate in Vietnam, but worries over how strictly these laws will be implemented

VietNamNet Bridge – Analysts have forecast a boom of the Japanese investment in Vietnam. The bilateral trade between Vietnam and the US has also been on the rise.