Vietnam: good enough to start a business
Monday, 1. December 2008, 13:55:45
Vietnam Business Forum opened today Dec 1 in Hanoi by WB, IFC in cooperation with Ministry of Planning and Investment of Vietnam. The forum discussed responses and challenges regarding business environment in Vietnam .
A Report on business environment sentiment survey 2008 was released showing opinions and perception about business environment in Vietnam from private business sector.
The survey was conducted by Secretariat of Vietnam Business Forum over 254 respondent enterprises, of which, 77% were domestic and 23% were foreign businesses in 3 major cities: Hanoi , Ho Chi Minh city and Can Tho city ( Mekong delta area).
Suggestion from respondents 1) Enhance legislative preparation (46%), 2) Prevent and control corruption (44%) ; 3) Remove unneccessary permits/ licenses (40%), 4) Improve education and training system (38%), 5) Enhance legislative implementation (37%), 6) Improve infrastructure (36%). Picture: A worker's dredging canals in Van Long Eco-tourism area.
The dim picture of global economy bring more negative appraisal from enterprises in Vietnam . "More respondents were pessimistic in ranking business environment in 2008: 30% rated 'poor', a rise from only 5.3% in 2007", said the survey.
A report from JBIC said, votes for Vietnam start to decline as " Vietnam stays unchanged in potential resources, but has a declining in attention to low cost labor force".
Raising labor cost is among top 5 issues found by JBIC: 1) Under development of infrastructure; 2) Difficulties in securing personnel in management level; 3) Rising labor costs; 4) Unclear operation of the legal system and 5) Difficulties in securing personnel in technique field.
FDI attraction in 2008 is mentioned as an optimistic signal for Vietnam business environment this year with almost USD 10 bln disbursed so far. Vietnam has plenty of encouraging factors to ensure its ability "to maintain both growth and stability in the face of significant concerns elsewhere in the world", said Mr. Alain Cany, Chairman of Eurocham.
There are over 150 representatives from foreign businesses and 100 from local businesses attending VBF with working groups discussing on Banking; Capital Markets; Infrastructure; Manufacturing and distribution; tourism; mining and Land issues./.
A Report on business environment sentiment survey 2008 was released showing opinions and perception about business environment in Vietnam from private business sector.
The survey was conducted by Secretariat of Vietnam Business Forum over 254 respondent enterprises, of which, 77% were domestic and 23% were foreign businesses in 3 major cities: Hanoi , Ho Chi Minh city and Can Tho city ( Mekong delta area).
Suggestion from respondents 1) Enhance legislative preparation (46%), 2) Prevent and control corruption (44%) ; 3) Remove unneccessary permits/ licenses (40%), 4) Improve education and training system (38%), 5) Enhance legislative implementation (37%), 6) Improve infrastructure (36%). Picture: A worker's dredging canals in Van Long Eco-tourism area.
The dim picture of global economy bring more negative appraisal from enterprises in Vietnam . "More respondents were pessimistic in ranking business environment in 2008: 30% rated 'poor', a rise from only 5.3% in 2007", said the survey.
A report from JBIC said, votes for Vietnam start to decline as " Vietnam stays unchanged in potential resources, but has a declining in attention to low cost labor force".
Raising labor cost is among top 5 issues found by JBIC: 1) Under development of infrastructure; 2) Difficulties in securing personnel in management level; 3) Rising labor costs; 4) Unclear operation of the legal system and 5) Difficulties in securing personnel in technique field.
FDI attraction in 2008 is mentioned as an optimistic signal for Vietnam business environment this year with almost USD 10 bln disbursed so far. Vietnam has plenty of encouraging factors to ensure its ability "to maintain both growth and stability in the face of significant concerns elsewhere in the world", said Mr. Alain Cany, Chairman of Eurocham.
There are over 150 representatives from foreign businesses and 100 from local businesses attending VBF with working groups discussing on Banking; Capital Markets; Infrastructure; Manufacturing and distribution; tourism; mining and Land issues./.
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