World Bank: foreign enterprises in Vietnam slow start-up
, according to a report by the World Bank, it takes 12 steps and 94 days to establish a foreign enterprise in VN, slower than the level the average in the countries of East Asia, the Pacific and other countries in the world.
According to the 2010 report on investment that provides objective data on laws and regulations affecting foreign direct investment in 87 countries around the world have lost an average of 42 days to 68 days for a foreign enterprise to be established in the countries in the region or around the world. In addition, the World Bank said, adding foreign businesses in VN to be the Ministry of Planning and Investment approved investment licenses and average it takes 57 days to get the license, rather than need registration certificate of business for local firms.
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