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Province seeks better business climate

Update: July, 25/2012 - 10:31
Workers of Lifpro Co in the northern province of Ninh Binh make clothes for export. The province has been encouraged to hasten administrative reforms to help improve the business environment. — VNA/VNS Photo Tran Viet
NINH BINH — The northern province of Ninh Binh needed to improve transparency, facilitate information access, speed up administrative reforms and cement the role of associations in a bid to improve the local business environment, a conference heard in the province on Monday.

Over past five years, the province has seen encouraging improvement in its ranking on the provincial competitiveness index, jumping by three places from 24th out of 63 cities and provinces in 2007 to 21st last year, said Ngo Xuan Nhan, director of the Viet Nam Chamber of Commerce and Industry's (VCCI) provincial Thanh Hoa branch.

The index is based on an annual survey conducted by VCCI.

It surveyed 7,000 domestic firms that contributed opinions on how easy it was to do business in provinces across the country. The index's criteria included entry costs, land access and security of tenure, transparency and access to information, time taken for complying with regulations, informal charges, business support services, labour and training and legal institutions.

The business community has appreciated the efforts of local authorities in reducing entry costs, cutting down time needed to comply with regulations as well as improving the quality of human resources, Nhan said.

However, limited transparency, insufficient support services for businesses and unstable legal institutions remained problematic, he said.

Enterprises at the event complained that it still took them a long time to carry out a business registration and obtain land use right certificates, and they had also encountered a series of barriers in land clearance.

There was a high ratio of enterprises who had to pay for informal charges in registering new business, they said, adding that inadequate information on provincial websites was also another problem that should be addressed soon.

The province should take drastic measures to do away administrative barriers and better facilitate business, experts agreed.

Improving quality of personnel resource, bettering information transparency and organising frequent dialogues with local firms to help them address difficulties in doing business should also be top priorities, they said. — VNS

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