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business conditions

PMI rebounds to a positive end at 52.5 in December, proving business sentiment up

The Vietnamese manufacturing sector experienced a positive end to 2017, with December seeing a return to growth of output amid a solid expansion of new orders.

World Bank’s Lead Economist: Vietnam's economy still faces many risks

Looking at Vietnam's macroeconomic indicators over the past seven years, we can see that despite the growth, the national economy still faces many risks related to current account deficits and inflation.

AmCham Chairperson: "Vietnam should find more effective solution instead of banning'’

The ability of determining strengths and priorities that Vietnam economy has had is outstanding compared to other countries; However, when it comes to policy enforcement, there is array of problems including lack of transparency, loose and overlapping legal framework.

16 decrees approved to be amended in unity to remove 675 sub-licenses

The Ministry of Industry and Trade (MOIT) has submitted to the government a proposal to use a decree to amend several decrees, in order to rapidly reduce the number of business conditions that hinder business.

Vietnam jumps 14 spots in World Bank’s Doing Business rankings

According to World Bank Group’s latest Doing Business report, Vietnam and Indonesia have implemented the most reforms in the past 15 years, with 39 reforms each.

MoIT is drastic in eradication of 600 business conditions

Currently, the Ministry of Industry and Trade (MoIT) is drastic in eradication of 600 business conditions (commonly known as sub-licenses) to create favorable conditions for enterprises.

MoIT considers cutting down 600 business conditions

It is expected that about 464 - 612 business conditions (or sub-licenses) will be cut down, equivalent to 38 – 50 per cent of the total business conditions of the Ministry of Industry and Trade in the near future.

Sub-licenses: Untold stories in real estate sector

In the real estate business sector, the race for licenses is, as ever, gruelling.

Sub-licenses: Ministries are not to evade their responsibility

This is the opinion of Tran Huu Huynh, President of Vietnam International Arbitration Center (VIAC), on the proposal of the Ministry of Planning and Investment (MPI) to eliminate obstructive sub-licenses for enterprises.

Sub-licenses: The ongoing fierce struggle

The proposal to remove nearly 2,000 obstructive sub-licenses of the Ministry of Planning and Investment (MPI) will definitely encounter fierce opposition from the governing bodies which are using such procedures to earn palm-greasing money.

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