VCCI News

The Ambassador of India to Vietnam aims to increase trade volume with Vietnam by $5 billion.

The Ambassador of India to Vietnam hopes that with the support of VCCI, India and Vietnam can aim for a trade turnover of $20 billion in the near future.

Thu, May 30, 2024, 03:09:00

Further Enhancement of FDI Business Policies Needed

The 2023 Provincial Competitiveness Index (PCI) and Provincial Green Index (PGI) Report, published by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the United States Agency for International Development (USAID), highlighted the dynamic landscape for foreign direct investment (FDI) enterprises in Vietnam. The report recorded improvements in administrative procedures and a growing trend of FDI companies sourcing commodities and services from domestic vendors. However, the regulatory system still necessitates further refinement, particularly in simplifying tax-related administrative procedures.