VCCI Imprints in 2020

9:41:00 AM | 1/28/2021

In 2020, the Vietnam Chamber of Commerce and Industry (VCCI) actively connected the Government and the business community, helping achieve the country’s dual goal of preventing the pandemic and sustaining growth.

Delivering the opening remarks at the review meeting, VCCI President Vu Tien Loc said that VCCI calmly supported the business community in the past year under the direction of the Government. VCCI took the lead in surveying and exchanging with businesses to send over 200 recommendations of the business community to the Government and Party agencies in 2020.

“VCCI was the very first to propose to the government to open the domestic market - a very difficult decision of the Prime Minister. This is the biggest rescue package for businesses,” Dr. Loc emphasized.

Mr. Hoang Quang Phong, VCCI Vice President, said that looking back to 2020, the year Vietnam assumed the ASEAN Chairmanship, VCCI made contributions to the overall success. VCCI put forth highly appreciated initiatives for its chairmanship, including the Initiative for the ASEAN Startup Network, ASEAN data for digital solutions information portal, and the ASEAN Digital Stars Contest.

In the midst of the COVID-19 pandemic contagion, VCCI successfully hosted the Vietnam Business Summit, the ASEAN Business and Investment Summit, the ASEAN Women Entrepreneurs Summit 2020, the ASEAN Business Awards Ceremony, ASEAN BAC Council Meeting and four online conferences with member business councils.

In 2020, VCCI President Vu Tien Loc was elected to the World Chambers Federation (WCF) Leadership. He assumed the chairmanship of the East Asia Business Council (EABC) and served as a member of the Board of Directors of Korea - ASEAN Business Council, Mekong - Korea Business Council and Mekong - Japan Business Council.

VCCI also had many activities to carry out action programs for implementing Resolution 02/NQ-CP of the Government on continued implementation of main tasks and solutions to improve the business environment and enhance national competitiveness, and Resolution 35/NQCP on business support and development to 2020.

At the 9th session of the 14th National Assembly, VCCI President Vu Tien Loc made a speech delivering many recommendations to draft laws and important resolutions. VCCI also sent remarks to the Standing Committee of the National Assembly on eight law projects passed at the National Assembly in May-June 2020.

VCCI joined drafting committees and editorial teams to make 15 legal documents and took part in appraisal and verification councils. The agency organized nearly 150 conferences and seminars to collect expert and business opinions for 117 draft legal documents. In addition, VCCI developed and published in-depth reports such as the Annual Vietnam Business Report 2020 and the Report on Labor Productivity themed “Impact of the COVID-19 pandemic on world and Vietnam economies”, and proposed solutions to support businesses.

As the largest representative for businesses on matters concerning WTO and important trade agreements that Vietnam joined, VCCI proposed 20 policy recommendations on integration, notably its proposals to the National Assembly on ratification of the EU-Vietnam Free Trade Agreement and recommendations on the plan for negotiations of the Regional Comprehensive Partnership Agreement.

According to Mr. Hoang Quang Phong, in 2020, VCCI announced the Provincial Competitiveness Index (PCI) Report 2019, marking its 15th annual edition that VCCI coordinated with relevant bodies to make reports on quality of local economic governance from the business perspective; and continued to carry out the PCI 2020 survey and consulted on the application of the Department and District Competitiveness Index (DDCI) for centrally run provinces and cities.

Continuing to work together with businesses toward sustainable development goals (SDGs), VCCI organized the Launch Ceremony of the Corporate Sustainability Index (CSI), which ranked the 100 most sustainable enterprises in Vietnam in the year and hosted the Vietnam Corporate Sustainability Forum (VCSF) 2020. At the forum, VCCI made recommendations to the Government on continued institutional reforms and a better business environment for enterprises.

As a representative of employers, VCCI actively joined its efforts to make labor law policies, organized many online meetings to collect opinions from businesses and experts as well as consulted experts on 25 drafts of laws, decrees, circulars and decisions of the Prime Minister. VCCI also established a working group on labor policy, law and relations to integrate the participation of business associations in the process of making, informing and enacting policies and laws on labor and labor relations.

In addition, VCCI joined the National Labor Relations Committee and the National Wage Council as the representative for employers to research, build and complete the organizational model and apparatus of the Employer Representative Agency. The agency took part in the working group that links vocational education with the labor market and sustainable jobs, and builds working plans to connect vocational education with the labor market.

VCCI’s missions in 2021 are further promoting the representative role of the Vietnamese business community, and accompanying and supporting businesses to overcome difficulties and challenges for recovery and development. The COVID-19 pandemic period is still evolving with complicated and unpredictable developments. To fulfill its political tasks, VCCI will thoroughly grasp and build action plans to execute the Resolution of the 13th National Party Congress; and prepare for the 7th VCCI Congress (2016-2025 term).

By Huong Ly, Vietnam Business Forum