Vietnam's Declining Investment Environment Leads To Tucao

(VCCI) recently released a survey report that through the survey of 1609 foreign direct investment (FDI) enterprises from 49 countries, compared with 2007~2010, the attraction of foreign investment in Vietnam has dropped significantly.

At present, Vietnam should not only compete with traditional rivals such as Thailand and Indonesia, but also compete with emerging countries such as Laos, Philippines and Burma.

The report said the survey was conducted.

Enterprises believe that Vietnam's main reasons for the decline in the quality of the environment are: first, the charges are not clear; two, the administrative procedures and laws are complicated; three, the quality of education and medical treatment is poor; four, the infrastructure is lagging behind.

Long YoshihisaMaruta said that as of May this year, Japan has invested about 1319 enterprises in Vietnam, and Vietnam has become the second largest country in the ASEAN Business Association of Japan, second only to Thailand.

But Japan's dissatisfaction with Vietnam's business environment is rising.

According to the JETRO, more than 60% of Japanese companies believe that many factors are hampering the production and operation of enterprises in Vietnam, mainly including: excessive wage growth, complicated administrative procedures, unclear national policies, complicated tax procedures, imperfect legal system and inadequate enforcement of laws.

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In September 1st, the China Textile Industry Enterprise Management Association (China Textile entrepreneur association, hereinafter referred to as "China Textile Industry Association") the nine two executive directors enlarged meeting was held in Yinchuan, Ningxia. Relevant representatives, experts, scholars and entrepreneurs of the China Textile Industry Association exchanged views on the problems faced by the enterprises in the process of pformation and upgrading of the textile industry and how to deal with them.

At the meeting, Sun Ruizhe, vice president of China Textile Industry Federation and President of China Textile Industry Management Association, combed the current development of the textile industry.

Data show that in 2013 compared with 2000, the proportion of textile industry in the entire industrial enterprises, main business income and total exports were in a downward trend, but the total profits and taxes and fixed assets investment showed an increase, especially in 2013, the export trade surplus accounted for 99.7% of the national total.

It can be seen that under the severe economic situation of the whole country, the operation quality of textile industry is on the rise.

According to statistics, the GDP growth in 2013 was 5.73 times the increase in 2000. In 2013, the export volume of textile and clothing was 5.51 times that of 2000. In 2013, the fixed assets investment in textile industry was 29.55 times that in 2000, and the total profit and tax in the textile industry was 9.21 times that of 2000.

Data show that the fixed investment and total profits and taxes of the textile industry are all higher than GDP growth, but the textile industry is still in a weak position in policy orientation.

In addition, China's textile industry also faces problems such as poor cotton procurement, high price and difficult financing.