Double efforts needed to improve business environment
Ministries and departments need to exert extra efforts to improve the business climate as highlighted in the Government’s Resolution 19/NQ-CP, Deputy Prime Minister Vu Duc Dam has said.
Hanoi (VNA) – Ministries anddepartments need to exert extra efforts to improve the business climate ashighlighted in the Government’s Resolution 19/NQ-CP, Deputy Prime Minister VuDuc Dam has said.
He made the statement at an internationalconference on sustainably improving the business environment to strengtheneconomic growth in Hanoi on March 15.
A notable feature of the resolution is settinggoals on improving the quality of the business environment and enhancing thenational competitiveness in the global rankings.
Director of the Central Institute for EconomicManagement (CIEM) under the Ministry of Planning and Investment Nguyen Dinh Cungsaid many ministries, departments and localities have actively worked toimprove the business environment and extricate difficulties for enterprises.
For example, the Ministry of Industry and Traderemoved 675 unnecessary business and investment conditions in 2017. TheMinistry of Agriculture and Rural Development, the Ministry of Construction andthe Ministry of Health are also active players.
Resolution 19 has created a strong movement toimprove the business environment nationwide, Cung said, adding that most oflocalities have conducted dialogues with businesses to unlock their bottlenecksand encourage them to make more contributions to the local economic growth.
Besides achievements, there are somerestrictions. Deputy Minister of Planning and Investment Nguyen Van Trung pointedto the slow implementation of the resolution in some departments andlocalities, thus failing to realise the target of narrowing the gap in businessenvironment quality and competitiveness with other countries in the region.
Catherine Kadennyeka Masinde, a representativefrom the World Bank, suggested Vietnam increase accountability of organisationsand individuals while implementing the resolution.
The Ministry of Planning and Investment isimproving the draft Resolution 19/2018/NQ-CP with higher targets to reform theeconomy strongly to achieve more equal, practical and comprehensive impacts.
Vietnam moved up 14 places to rank 68th among190 economies in the World Bank (WB)’s Doing Business 2018 report themed“Reforming to Create Jobs”.
In the previous report, Vietnam jumped nineplaces to rank 82nd in 190 economies. Vietnam and Indonesia have implemented the mostreforms in the past 15 years, with 39 reforms each, according to thereport.-VNA
Vietnam encourages international pharmaceutical businesses, including members of EuroCham, to extend their investment and establish research centres in the country.
Vietnam’s business environment and competitiveness have been improved significantly over the past three years thanks to a range of solutions, according to the Ministry of Planning and Investment (MoPI).
The private business sector in Vietnam is vital for the economy, however, obstacles and challenges remain, which can only be overcome through the combined efforts of policymakers and business leaders.
The Government has issued Resolution No. 138/NQ-CP following the conference with local administrations and the regular Cabinet meeting in December 2017.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
At the conference (Photo: VNA) 
