Monday, October 25, 2010

Agreement to Support Reform and Competitiveness of Vietnam Signed

The Vietnam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce in Vietnam (EuroCham) on October 12th signed an agreement called “the Corporate Alliance on Administrative Procedures Reform and Competitiveness” in Hanoi.

The agreement aims to promote an improved business environment in Vietnam that both benefits businesses and stimulates growth.

Mr. Alain Cany, Chairman of EuroCham said that EuroCham firmly believes in the power of partnerships and collaborative efforts for a more competitive Vietnam and is fully committed to working together with both government agencies and the corporate sector through this initiative.

The Corporate Alliance is expected to provide a platform to engage the private sector in building a strong network of partners, mobilizing resources to improve advocacy and support for Government-led administrative procedures reform, and improving Vietnam’s competitiveness at large.

Mr. Pham Gia Tuc, Vice Chairman of VCCI said that the agency and EuroCham will work closely with multi-national corporations and national companies to identify, design and implement alliance activities that leverage the strengths of the corporate sector to improve Vietnam’s business environment and enhance its competitiveness.

VCCI and EuroCham will take the key role in the Alliance, with other technical and corporate partners providing business expertise, financial resources and communications.

So far, several EuroCham member companies have already committed to support groups, such as Holcim (Vietnam) Ltd., HSBC Bank (Vietnam) Ltd., FrieslandCampina Vietnam, GlaxoSmithKline Pte. Ltd. in Vietnam, Mercedes-Benz Vietnam Ltd., Metro Cash & Carry Vietnam, Prudential Vietnam, Shell Vietnam, Schneider Electric Overseas Asia Ptd.Ltd., Siemens Ltd. Vietnam, Standard Chartered Bank, Unilever Vietnam and Sanofi-Aventis.

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