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Transforming Lives

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Nguyen Thi Cuc speaks to the media at the conference on the implementation of Resolution 19/2017 to improve the business environment and enhance national competitiveness.

When Do Xuan Hung, finance director of the Regent Garment Co., looks back on paying social security contributions for the company’s 17,500 employees, it brings back some painful memories.

Chairman of Dong Thap province Nguyen Van Duong (second left) visits a melon farm of Ecofarm

Ecofarm has been extremely profitable in Vietnam’s Dong Thap province, thanks to the company’s sound investments and strong business enabling environment. It sells tens of thousands of dollars of farm produce from 85 hectares of land harvested on a three-month planting cycle using high-tech practices.

Ms. Nga is coaching a colleague on best practices for reporting audit findings.

Nguyen Thi Quynh Nga understands the important role auditing institutions play in evaluating policy and influencing governmental decisions. She has over 13 years’ experience at the State Audit Office of Vietnam (SAV).

Nguyen Anh Tuyet shares her opinions during a consultation session.

These issues were not just affecting Ford Vietnam, but were increasing costs for thousands of businesses across the country. The situation was borne out by the World Bank’s 2016 Doing Business indicators, which ranked Vietnam 108 out of 190 countries in its performance on the indicator “trading across borders.”

Ho Thi Thanh My sells sticky rice at a local market.

Living in southern rural Vietnam, Ho Thi Thanh My dreamed of a way to make money for her family. She bought fruits and vegetables from local households and then sold them in markets. Though she worked hard, her inventory was dependent on the season and output of her suppliers. At times, she had nothing to sell. Most days she only earned $2-$3 per day.

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Last updated: March 19, 2018

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