VN Gov’t strives to boost business environmentRecent policies have underscored the Government’s efforts to improve Viet Nam’s business environment and national competitiveness. Production of screws, bolts and nuts at Vit Viet Industry Production and Trading Joint-Stock Company, a medium-sized firm based in HCM City. According to Resolution 19 issued last week, key goals on improving business indicators include jumping from 8th to 18th on the World Bank’s global Doing Business Index, channelling capital to start-up companies and paying extra attention to business dispute and bankruptcy resolution. Maximum repayment time is up to seven years, which comes with additional financial support, clear procedures and transparent documentation. The fund has also approved bank lending for 15 SME-related projects with total capital of nearly VND150 billion ($6.6 million).

Source: VietNamNet News May 21, 2018 00:45 UTC