Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab on April 11.
The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.
The business community has called for clearer criteria regarding extended producer responsibility in Vietnam that considers international standards and legal status.
At the high-level session of the VBF 2023, EuroCham provided numerous recommendations to increase the attractiveness of Vietnam to international investors and to the development of a green economy through digitisation.
EuroCham has proposed strong enforcement measures to fight against serious IP infringement as it threatens the interests of businesses and consumers alike.