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  Business

Top concerns of the businesses

Land clearance, tax and customs procedures were among the top concerns of the businesses. Despite recent improvements in land policies, as well as the regular review of tax and customs procedures and fees, businesses still face many problems and suggested more radical changes by the government.

These are comments voiced by representatives from enterprises to the PM, at their meeting held on October 13 in Hanoi.There is still a lack of communication between government agencies and businesses, through which many problems can be avoided, said Mai Xuan Hung, general director of The Hanoi Trading Corporation.

Meanwhile, Hoang Minh Tri, deputy general director of LG Electronics Vietnam said his sector hoped the government should reduce tariffs on components and raise tariffs on imports, as the pressures have increased since Vietnam integrated into the Asean Free Trade Area. It would be tough choice for the government, Tri said.

Le Thanh Hai, chairman of the HCM City People’s Committee, admitted that many of his city’s businesses were struggling with land issues. There is a shortage of land for business, and the current procedures do not provide businesses with quick access to land, he said. Of the city’s total land, only 50 percent has been designed for urban planning, so any business that seeks to hire land in the remaining area will face problems.

The VCCI also put forward four groups of recommendations for creating a level playing field for businesses; reducing the amount of administrative procedures, harmonizing labor relations within businesses; and training personnel with a view to develop a sustainable business sector.

Vietnam Economic Review - (20/10/2004)


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