Participants at the seminar held on Tuesday to discuss the amendments to the laws of Enterprises and Investment. — Photo thoibaotaichinhvietnam.vn The stability of the regulatory system is key to luring foreign investment into Viet Nam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said. They urged that government agencies must acknowledge this when making amendments to the laws of Enterprises and Investment. Though many countries and territories have entered Viet Nam, the presence of high-tech enterprises was limited, vice chairman of the Vietnam Association of Foreign Investment Enterprises (VAFIE) Nguyen Van Toan said. European and American investors were concerned by the lack of rigid policies on corporate transparency and intellectual protection, he told a seminar on Tuesday. In addition, regulations had been changed constantly, making it harder for them to invest in Vietnamese assets, he said. According to Nguyen Ngoc My, chairman of Vabis Group, Viet Nam’s regulations confuse investors as they change constantly and have a negative impact on business plans whenever they change. VAFIE chairman Nguyen Mai said there must be a way to protect the rights and benefits of foreign investors. “The rights and… Read full this story
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