Land clearance for the construction of an industrial park in the northern province of Bắc Giang. — VNA/VNS Photo Danh Lam

HÀ NỘI — Despite Việt Nam's recent efforts to improve the business environment, foreign investors still face several barriers such as administrative procedures related to land clearance and acquirement, according to business experts and insiders.

The most challenging tasks for foreign direct investment firms are land clearance and compensation, according to a director of a Japanese investment fund.

While technically, foreign-invested firms can lease land from the State for infrastructure construction the procedures to do so was often less than clear and may prove too time-consuming and complicated without the support of a consulting company.

"There are instances in which ministries and agencies provided explanations about legal regulations and requirements, which investors based on to make their decisions. However, after a period of time, there may be changes in the law but investors' rights were not guaranteed," the director said....

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