sted to management positions but most of them are not qualified for their jobs, and some only pay attention to their own interests. Obviously, it has partly resulted in the failure of the joint ventures and negatively affected investment environment. Administrative procedures is too much and opaque Difficulty in changing investment form: many failing joint ventures having prolonged losses or on the verge of bankruptcy are not allowed to shift to 100% foreign ownership. It ties investors in unique form of investment and makes them go to the decision of jumping out of Vietnam and investing in another environment more open. Investors don’t have enough sense of initiative in their investment: Moreover, investors have to adopt some regulations in organizing their production and managing structure. Tax obligations are high and unreasonable: some taxes are less than supportive to the foreign investors. For example, enterprises engaged in the production and assembly of cars in Vietnam must simultaneously pay two taxes for one or the same product: the special consumption tax and the VAT tax. Procedures on foreign currency trading is too complicated and cumbersome: For example, if a foreign enterprises wants to demonstrate that it does not fall into the category of enterprises that must immediately sell its foreign currency following the export of goods, it must fill and submit some 10 different documents. High price of leasing land and contribution by Land Use Right of Vietnamese party: Price of leasing land of Vietnam is expensive. Yet, Vietnamese party usually contributes to join ventures by Land Use Right. As the result, the foreign party considers it as one way of suffering inferiority. In short, the above are a number of inconveniences to foreign investors that we can withdraw from nearly a decade of attracting FDI in Vietnam. C. MEASURES DESIGNED TO INDUCE FDIHere are some measures sugg...
