At the Vietnam Business Forum (Photo: VNA) Hanoi (VNA) – Many foreign businesses have expressed their hope for betterbusiness and investment environment in Vietnam, especially consistent policieson economic development.
Speakingon the sidelines of the annual Vietnam Business Forum in Hanoi on January 10,Amanda Rasmussen, Chairwoman of the American Chamber of Commerce (AmCham), saidVietnam has maintained its position as one of the fastest-growing importmarkets of the US, and vice versa.
AmChammembers look for a fair playground, the removal of trade barriers and an equal,transparent, stable, effective legal framework, she said, adding that they heedinnovation, aiming to help Vietnam with trade development and high-qualityinvestment.
AmChamis also seeking stable and equal tax policies in line with global standards toattract and maintain investment, according to the official.
NobufumiMiura, Chairman of the Japanese Chamber of Commerce and Industry in Vietnam (JCCI),said the chamber is interested in the stabilisation of the legal environmentand investment incentives offered by the Vietnamese Government.
Hesuggested the Vietnamese Government build a search system for legal matters tohelp businesses contact competent agencies, particularly those working in thetax sector, to get answers for their concern.
Miuraalso pointed out that inconsistent policies and localities’ slow pace inupdating policy amendments and supplements have hindered investment attraction.
Arepresentative of the Korean Chamber of Commerce (KoCham) said the absence oftax exemption for imported materials in service of the production of exportshas also caused difficulties to investors.
TheRepublic of Korea (RoK) is now Vietnam’s leading investor with total capital amountingto 61.7 billion USD.
KoChamhopes that the State Bank of Vietnam will support Korean banks to open branchesin the country to grant loans to Korean investors.
VuTien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) andVBF Co-Chair, emphasised the need to collect feedback on legal documentspragmatically and regularly.
Hesuggested putting forth a master strategy on judicial reform to support thebusiness environment, and further improving transport infrastructure andinfrastructure at industrial areas.
Moreefforts are needed to reform business and investment conditions, erase corruptionand reduce business costs, he said./.
Speakingon the sidelines of the annual Vietnam Business Forum in Hanoi on January 10,Amanda Rasmussen, Chairwoman of the American Chamber of Commerce (AmCham), saidVietnam has maintained its position as one of the fastest-growing importmarkets of the US, and vice versa.
AmChammembers look for a fair playground, the removal of trade barriers and an equal,transparent, stable, effective legal framework, she said, adding that they heedinnovation, aiming to help Vietnam with trade development and high-qualityinvestment.
AmChamis also seeking stable and equal tax policies in line with global standards toattract and maintain investment, according to the official.
NobufumiMiura, Chairman of the Japanese Chamber of Commerce and Industry in Vietnam (JCCI),said the chamber is interested in the stabilisation of the legal environmentand investment incentives offered by the Vietnamese Government.
Hesuggested the Vietnamese Government build a search system for legal matters tohelp businesses contact competent agencies, particularly those working in thetax sector, to get answers for their concern.
Miuraalso pointed out that inconsistent policies and localities’ slow pace inupdating policy amendments and supplements have hindered investment attraction.
Arepresentative of the Korean Chamber of Commerce (KoCham) said the absence oftax exemption for imported materials in service of the production of exportshas also caused difficulties to investors.
TheRepublic of Korea (RoK) is now Vietnam’s leading investor with total capital amountingto 61.7 billion USD.
KoChamhopes that the State Bank of Vietnam will support Korean banks to open branchesin the country to grant loans to Korean investors.
VuTien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) andVBF Co-Chair, emphasised the need to collect feedback on legal documentspragmatically and regularly.
Hesuggested putting forth a master strategy on judicial reform to support thebusiness environment, and further improving transport infrastructure andinfrastructure at industrial areas.
Moreefforts are needed to reform business and investment conditions, erase corruptionand reduce business costs, he said./.
VNA
