The rating is considered important to help Vietnam improve its business environment and increase national competitiveness Sponsored Vietnamese businesses have found more poor government regulations than good rules, based on the rating published by the Vietnam Chamber of Commerce and Industry (VCCI), which will enable a better policy making process to improve the country’s business environment. Businesses ranked 114 regulations as “best” and 123 as “worst” among 9,297 regulations suggested by people from different government agencies and business associations, the VCCI said at a conference Tuesday in Hanoi. “VCCI has collected and reflected opinions and wishes from businesspeople to advise the Party and the government on socio-economic policies, a task it was assigned under Resolution 19/NQ-CP about reforming and improving business environment, increasing the national competitiveness and Resolution 35/NQ-CP about supporting business development by 2020,” said VCCI Chairman Vu Tien Loc. VCCI Chairman Vu Tien Loc speaks at the conference VCCI, which represents thousands of businesses in Vietnam, began compiling the rating at the start of 2016. Many businesses expressed their support when the government issued policies that facilitate their operation, boost the economy and create reforms that clear major difficulties and obstacles. The rating result is expected to help… Read full this story
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