The statement was made by Dau Anh Tuan, head of the VCCI’s Legal Department, at a seminar in Hanoi on April 20 held to reveal the findings of the report on "Vietnam's business environment reform program: Perspectives from enterprises”. According to the report, the criteria of business establishment and access to electricity were rated the highest, with 72.5 percent and 65.9 percent of businesses rated good or very good in improvement, respectively. Bankruptcy ranked last with 44.4 percent of businesses rated good or very good. But the tendency of improvement seemed to be slowing down compared to previous years, Tuan said. The improvement trend of fields was quite contradictory. The rate of improvement of fields with low scores such as bankruptcy, investor protection and import-export, went up, while rates of fields with high scores, such as business establishment, access to electricity, went down. With regard to corporate finance, while credit access in 2020 was perceived to be more difficult than in 2019, tax procedures became much easier. Locally, the indicators were still more positive than in 2019, but the rate of improvement had slowed down, he said. He said that the administrative procedures related to construction, although improved in recent… Read full this story
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