August sees 14,000 new enterprises as recovery continues
January-August reported 103,658 newly-established enterprises, a record figure for the first eight months.
Da Nang working to improve business environment
To further improve its business environment, central Da Nang city will introduce a range of different solutions, focusing in particular on completing urban and traffic infrastructure, building a pool of high-quality human resources, conducting administrative reform, and enhancing digital transformation.
Da Nang focusing on improving business environment
Central Da Nang city has paid significant attention to and issued policies on supporting local businesses over the years, especially small and medium-sized enterprises (SMEs). It was regularly among the top 5 localities in Vietnam’s provincial competitiveness index (PCI) from 2018 to 2021.
Challenges persist in improving business environment
According to Mr. Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), many regulations posing difficulties for businesses are still to be addressed. While the government is conducting reviews to cut compliance costs for businesses, new draft policies are creating additional barriers and burdens.