Tag: domestic securities accounts

"Red tape is a significant hindrance to the growth and prosperity of Vietnam's business community. This is according to the Chairman of the Business Association in Ho Chi Minh City, who highlights the cumbersome administrative procedures as a key issue facing enterprises today. The current bureaucratic red tape is stifling the dynamic and innovative spirit of businesses, hindering their ability to adapt, grow, and contribute to the country's economic development."

"Mr. Nguyen Khanh Hung, the former Chairman of LDG Corporation, acknowledged his overconfidence and haste in commencing construction before the legal procedures for the Tan Thinh Residential Area project were completed. This admission highlights a critical lapse in judgment, as such actions can have significant repercussions."

The Finance and Budget Committee proposes that the Government prioritize the allocation of ODA and foreign loans for vital national projects, large-scale initiatives, and ventures with potential technology transfer capabilities to Vietnam in fields where the country lacks expertise.