Viet Nam will continue to ensure enforcement of intellectual property rights violations and strictly deal with violators, representatives of the Market Surveillance Agency (MSA) under the Ministry of Industry and Trade said at a forum on raising IPR awareness held yesterday in HCM City.
Experts have recommended amending e-commerce regulations that would allow authorities to better manage and collect tax as well as develop the sector.
Mach Thi Tuyet Mai from the General Department of Taxation’s policy division, said: “We have encountered difficulties in tax collection.”
Today’s international conference on improving the business environment to strengthen economic growth showed remarkable outcomes over the past years of implementing Resolution No.19/NQ-CP on improving the business environment and enhancing national competitiveness, but many difficulties remain.
Strengthening economic growth
In the framework of Vietnam Business Forum (VBF) 2017, representatives of foreign investors complained that they still face difficulties in investing and manufacturing in Vietnam due to the lackluster taxation policies.
Viet Nam has made significant progress in aligning its policies on foreign arbitral awards with international standards, but it needs to foster enforcement capacity to enhance trust and confidence of foreign businesses.
The business community wants the general departments of Taxation and Customs to carefully consider reforms on tax and customs procedures, so as to create the most favourable business conditions for enterprises.
The public-private-partnership investment model as a solution for Viet Nam’s long-term infrastructure development can only work with all stakeholders fully understanding their roles and the risks involved, experts said at a conference on Thursday.
The draft Law on Special Administrative, Economic Units needed to be substantially revised to make it feasible and to fully exploit resources for boosting economic development, according to a verification report from the National Assembly (NA) Law Committee.
Vietnam Economic Times
The Ministry of Finance (MoF) has proposed a reduction in fees and charges to materialize the government and the Prime Minister’s policies and declaration that 2017 would be the year of reducing costs for enterprises.
The Ministry of Industry and Trade plans to streamline 464 to 612 conditions for establishing new businesses, equivalent to some 38.15 to 50.3 per cent of the total business conditions.
This was the information released by Minister of Industry and Trade Tran Tuan Anh at a meeting late last week.
The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016.
The reports from the Foreign Investment Agency showed that foreign investors had registered to invest US$23.36 billion into Viet Nam in the January-August 20 period, up 45.1 per cent year-on-year.