The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
Vu Tien Loc affirmed that over the past years, the reform of Vietnam business environment and the implementation of free trade agreements have created breakthroughs but the spillover of foreign direct investment (FDI) is still very low.
"Business scale is less worrisome now. The main issue is whether they live up to the global standards."
That is his opinion at the press conference held by the Vietnam Chamber of Commerce and Industry (VCCI) to update its preparations for enterprise events during APEC 2017.
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The Vietnam Chamber of Commerce and Industry (VCCI) says the elimination of personal income tax audit may lead to tax avoidance.
The Chamber of Commerce and Industry of Vietnam (VCCI) proposed that the imposition of excise tax on soft drinks should be postponed until there is a comprehensive study which presents fully the effectiveness of excise tax imposition on obesity reduction in Vietnam.
The business law system of Vietnam has recently made positive changes, creating a favorable business environment for enterprises. However, besides these positive moves, the legal system still exists many "barriers" that make the realization of "business freedom" meet many challenges.
Notable improvements have been made to tax and admin procedures a year since the PM's first official meeting with local businesses.
