(VOV) – The business climate in Vietnam has improved as a direct result of a Vietnam-Japan Joint Initiative that has been implemented for the past 11 years says Minister of Planning and Investment Bui Quang Vinh.
At a conference in Hanoi on December 8 assessing the initiative, Japanese Ambassador to Vietnam Hiroshi Fukada echoed Vinh’s sentiments and noted that since its launch in 2003 there has been a high correlation with increased levels of foreign direct investment.
Co-chairman of the Japan-Vietnam Economic Committee Takahashi Kyouhei in turn said the business climate has benefited from numerous reforms and a revision of tax and customs collection – which in the past had been major sources of complaints.
Those in attendance at the conference agreed that the action plan for the initiative’s next phase, its sixth, would include issues related to transport, intellectual property, supporting industry, retail, among numerous other business environment matters.
There was general agreement that the implementation of the fifth phase of the initiative was effectively implemented most notably by the successful organization of more than 40 policy dialogues.
At present, Vietnam’s business climate has been steadily improving with its legal system developing in a transparent manner in accordance with international norms. The initiative’s sixth phase will continue to propose effective cooperative methods for both sides.
Đăng ký: VietNam News