VietNamNet Bridge – A number of important agreements on strengthening cooperation have been reached during working sessions for representatives from the Vietnamese, Russian and Belarusian Chambers of Commerce and Industry.

 VietNamNet Bridge – Vietnam should implement the Extractive Industries Transparency Initiative (EITI) to fight corruption in the mining industry, currently representing over 10% of the nation’s GDP.

VietNamNet Bridge – Vietnam lacks the medium size businesses which can act as the bridge connecting enterprises and join the global supply chain.

Enterprises believe the business climate will be difficult again this year and most of them are content to just survive rather than expand.

 VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.

The Vietnam Chamber of Commerce and Industry announced the 2012 Provincial Competitiveness Index after conducting a survey among thousands of enterprises for their views abut the governance at the provincial level.

VietNamNet Bridge – Analysis provided by the 2012 provincial competitive index (PCI) has revealed a sharp decline in economic governance across the country, leading to calls for local authorities to hasten reform. 

Many associations still neglect the needs of their members or find it hard to address such needs, heard a workshop on capacity of Vietnamese business associations held on Wednesday.

 VietNamNet Bridge – Many business associations in Vietnam are heavily relying on State assistance in finance, human resources and facilities to maintain their operations during the tough economic times.

VietNamNet Bridge - According to Deputy Prime Minister Vu Van Ninh, the Government will soon ask the National Assembly to reduce corporate income tax to below 25 percent.