Sign up | Log in



Home  >>   Daily News  >>   Vietnam  News  >>   Investment  >>   Transparency vital for Vietnamese investment
NEWS UPDATES Asean Affairs       14  February 2011

Transparency vital for Vietnamese investment

Related Stories

February 11, 2011
Vietnamese optimistic on foreign investment

January 27, 2011
US solar firm to build Vietnam plant

January 8,2011
Vietnam's FDI policies may need reworking

December 30, 2010
Vinashin default may benefit Vietnam

December 22, 2010
Vietnamese province looks for investors

Improving the transparency of the business environment at provincial levels was an important factor in attracting urgently needed investment, the vice chairman of the Viet Nam Chamber of Commerce and Industry, (VCCI) Hoang Van Dung announced at a press conference this week. Dung said transparency created trust among investors and reduced fees for searching for information.

Dau Anh Tuan, deputy head of VCCI's Legislation Department, said businesses with high transparency achieved higher profits, proving the sustainability of a transparent business environment.

He said several provinces had been active in improving their business environment. Northern Bac Ninh Province had built a handbook to guide investors about investment and building procedures. Southern Dong Nai Province set up a website in five languages to provide information to investors.

Some provinces established a "one-door" mechanism for granting investment certification. Ho Dai Dung, deputy director of northern Phu Tho Province's Planning and Investment Department, said it worked together with industrial zone management boards to supply businesses with investment information.

Dung said the province also clearly stipulated regulations for investors and investment regions. The department held monthly meetings with businesses to resolve any difficulties and had merged its Commercial and Investment Promotion Centre with its Tourism Centre to provide a one-stop shop for businesses.

Vice chairman of Thai Binh Province's People Committee, Pham Van Ca, said the province held meetings with enterprises and carried out checks to resolve any difficulties.

He added the province supplied information on improving transparency. All issues were submitted to provincial leaders within three days through the "one-door" mechanism. Replies took only a week.

Hoang Ngoc Giao, deputy head of the Institute for Legal and Development Research, said transparency in the business environment was complicated because it related to several issues of planning, lands and natural resources.

Giao said a model to enhance transparency was being completed. He said it would feature the specific characteristics of every locality.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    14  February 2011 Subsribe Now !
• Indonesia's Islamic bank assets to jump
Subcribe: Asean Affairs Global Magazine
• Indonesia looks at Garuda's poor IPO Asean Affairs Premium
• Philippine budget deficit swells in December
• Philippines considers more mining perks  
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• New bridge to span Mekong
• Thai telecoms deal under scrutiny
• Transparency vital for Vietnamese investment
• Vietnam currency devaluation spurs stocks
Asean Analysis    14   February 2011 Advertise Your Brand
• Spies in Thailand Sponsor Our Events
Asean Stock Watch    14  February 2011
• ASEAN Markets to add 2% Plus this week
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand