Tag: VCCI

The report will offer comprehensive insights into the current situation, opportunities, and challenges of the private sector.

Businesses leaders shared stories of sustainable development at a recent forum and discussed the need for and benefits of green transformation for all companies.

VCCI proposes for disbursement of the Disaster Prevention Fund to assist in relief and recovery efforts

A delegation of 14 major financial institutions led by the Maybank Investment Banking Group recently visited Vietnam to explore the market.

Digital transformation in the tourism sector needs to demonstrate a revolution in thinking and approach.

Utilization rates down to 32.7 per cent in 2021 from 39.7 per cent in 2017.

After consulting with businesses and analysts on a draft report on the implementation of the Vietnam Civil Aviation Law, the Vietnam Chamber of Commerce and Industry (VCCI) has made a series of comments. Analysts believe there are still many inadequate regulations on civil aviation when the State intervenes in production and business plans or restricts aircraft procurement activities, hindering the development of the sector. To solve the problems, the VCCI made two important suggestions relating to utilizing the resources of enterprises and aircraft parking issues.

Commenting on a draft project on developing Vietnam’s international shipping fleet, the Vietnam Chamber of Commerce and Industry (VCCI) said there is currently no specialized legal document stipulating priority levels, tax incentives, and loan interest rates in fleet development investment and shipping activities. The roles of ministries, sectors, and localities should be clearer, it added, from policy formulation to infrastructure development and related services.

The State Bank of Vietnam (SBV) is commenting on a draft amendment to a circular on the lending activities of credit institutions and foreign bank branches. There will be additional regulations prohibiting credit institutions from providing loans to joint ventures. The Vietnam Chamber of Commerce and Industry (VCCI), however, said the reason provided by the drafting committee was not sufficient to completely support a ban on all lending activities for capital contributions, joint ventures, and capital transfers.

Analysts at the “Removing policy barriers to implement the PPP Law” seminar, organized by the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the US Agency for International Development (USAID), proposed a number of solutions to four issues affecting the “vitality” of the Law.

A Draft Law on Electronic Transactions is receiving consultation from the Ministry of Information and Communications (MoIC) for finalization and submission to the government. The Draft was discussed by experts at a seminar organized by the Vietnam Chamber of Commerce and Industry (VCCI) and MoIC on July 14.

Economic and trade cooperation between Vietnam and Turkmenistan holds a great deal of potential but remains modest. At the Vietnam - Turkmenistan Business Forum, held by the Vietnam Chamber of Commerce and Industry (VCCI) on June 29, the Chamber recommended the establishment of various forms of cooperation, such as joint venture enterprises between the two countries in various fields to expand to markets in member countries of the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS).

According to Mr. Bui Trung Nghia, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam achieving its goal of net-zero emissions by 2050 will require the involvement of all economic and social sectors in all levels and localities. At a conference on developing the circular economy, held on June 28 by the Ministry of Natural Resources and Environment, he made five recommendations in the medium and long terms to further strengthen cooperation between the State, the government, and businesses in promoting the circular economy, including developing a distinct law and promoting and participating in effective international cooperation.

The Vietnam Chamber of Commerce and Industry (VCCI) held a meeting on June 21 between the President of the National Assembly of Mozambique, Ms. Esperanca Bias, who is visiting Vietnam, and Vietnamese businesses. A representative from the Ministry of Planning and Investment said that Vietnam is ready to act as a transshipment hub for Mozambique’s goods to expand in Southeast Asia. Vietnam also hopes that Mozambique will be a bridge helping its goods penetrate into the southern African market. Vietnam is currently a priority in Mozambique’s Eastern foreign policy.

The 2021 Provincial Competitiveness Index (PCI) survey from the Vietnam Chamber of Commerce and Industry (VCCI) shows that while the Law on Supporting SMEs (small and medium-sized enterprises) has been in place for more than four years, less than 8 per cent of such enterprises have actually received support, while 51.3 per cent are unaware the Law exists. Vietnam currently has 1.7 million micro and small enterprises, which is expected to increase to 2.4 million by 2030.

Provincial economic management around Vietnam continues to improve as administrative reform makes positive changes and efficiency increases at local levels.

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.

Ten solutions would help businesses tackle difficulties in 2022.

The Vietnam Chamber of Commerce and Industry (VCCI) has officially launched a virtual workplace platform called VCCI-Workplace to support businesses in responding to the Covid-19 pandemic.

The Vietnam Chamber of Commerce and Industry (VCCI) established a Business Council on August 26 to respond to Covid-19. The Council will focus on supporting businesses facing difficulties by region and by industry.