Dong Nai (VNA)🦩 – A meeting to share opportunities and address challenges in business processes was opened in the southern province of Dong Nai on March 10 with the participation🐓 of over 300 enterprises.

According to the provincial People’s Committee, the locality’s socio-economic indexes have mostly been achieved or surpassed their targets due to efforts by the business community and localities. However, some enterprises reckoned they are dealing with many difficulties such as access to markets, and low export prices of agricultural products. Despite the ASEAN Economic Community having officially formed in late 2015, and Vietnam is signing and carrying out several free trade agreements (FTA), relevant authorities have not properly instructed localities and businesses in how to effectively carry out those agreements. Vice Director of the Central Institute for Economic Management (CIEM) Vo Tri Thanh took note that the world’s economy is changing rapidly, especially globalisation and regionalisation with the establishment of free trade zones, leading to greater flows of goods, services, investment, capital and labour. Enterprises will have chances to access more quality manpower and bigger markets but with fiercer competition, hence they should take advantage of these opportunities in the next five to seven years, otherwise they might face tougher challenges, he added. Participants at the meeting proposed more supporting policies those on tariff and, with land leasing for production prioritised for small and medium businesses , as they are the most vulnerable group during the integration progress. Deputy Chairman of the provincial People’s Committee Nguyen Quoc Hung requested authorities to create the best possible conditions to support enterprises, particularly in policy and administrative procedures.-VNA