The issue of weak technology transfer amongst Vietnamese enterprises has again been raised at the forum “Interconnecting Model to Promote and Develop The Market of Science & Technology in Vietnam” recently held by Ministry of Science and Technology in cooperation with Vietnam Chamber of Commerce and Industry.
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.
Several local investment promotion agencies still lack a lot of information on investment appraisals and the current assessments of provinces are mainly based on personal experience rather than following a standard.
In January 2019, Vietnamese exporters to the EU will have to self-verify the origin of their products in order to be qualified for Generalized System of Preferences (GSP), tariff preferences for developing countries.
PhD. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry, said that Decree No. 15/2018/ND-CP on food safety would save 10,000 labour days and about US$440 million.
Having encountered quite fierce protests from many organizations about the proposal to impose value added tax (VAT) on the transfer of land use rights, the Ministry of Finance (MoF) confirmed that it would not impose the tax.
"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.
Both official and unofficial costs are becoming a burden for thousands of enterprises.
Having experienced many debated sessions, the Viet Nam’s National Wage Council (NWC) reaches a final decision on a rise of minimum wage by 6.5 per cent in 2018, a balance move to settle a harmonization between employers and employees.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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