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High costs causing woes to business performance Wednesday, 2021-05-12 13:25:45  Font Size:    Font Size:     |   NDO - Though Vietnam has been making major efforts to ameliorate administrative procedures in the aim to lure in more investment and spur on businesses’ confidence, a series of obstructions still remain, hampering the country’s efforts to realise its national development goals. Nguyen Van Dung, director of a Chinese-invested auto-manufacturing firm in a northern province near Hanoi, has spent two years and a big bribe for local officers to accomplish construction-related procedures before placing the US$50 million project into operation. “All procedures have been very complicated, and I have had to pay unofficial costs for the officers in a bid to have my project approved. Completing investment-related procedures, in addition to construction permits, has become a big obsession for enterprises and investors,” Dung said, refusing to name his compan

Han iRepublic ofUnited statesBac ninhTinh bac ninhNguyen xuan phucTomaso andreattaAdam sitkoffAmerican chamberGovernment officeNational assemblyMinistry of health moNational party congressUnited states agency for international developmentEuropean chamberNguyen van dung