With holistic approaches from the government, Vietnamese enterprises and the whole economy hope to see bright prospects in 2024. (Photo: VNA)
Hanoi (VNS/VNA) - In 2024, the Government plans toimprove the business environment through comprehensive reforms, policychanges and supporting businesses in 2024.
Dau Anh Tuan, Deputy General Secretary of the Vietnam Chamber ofCommerce and Industry, said the Government should simplify administrativeprocedures and reduce supervision.
This would let businesses focus on their operations and bolstergeneral growth, he said.
It is also necessary to call for foreign investment,especially in high-quality, high-value projects in sectors that need to bequickly developed, he said.
“The Government's Resolution Nos 01 and 02 issued at thebeginning of the year have helped stabilise the economy and boost economicgrowth.”
The former focuses on key tasks and solutions for accomplishingsocio-economic fiscal targets, improving the business environment andbolstering economic competitiveness.
Resolution No 02 aims to create a healthy competitiveenvironment, increase the number of enterprises, reduce the rate of suspensionof businesses, and increase the number engaged in innovative activities andgreen and digital transformation.
Tuan said authorities should enhance communication with businessesand industry associations to quickly handle difficulties and promotepublic and infrastructure investments.
“Vietnamese enterprises could definitely attract more investorsand compete with foreign ones if they have a favourable business environmentand simple administrative procedures and rapidly adopt information technology.”
In the first month of 2024, Vietnam had around 13,500 newestablishments, showing a significant year-on-year increase of 25 per cent,said the General Statistic Office.
The country also had 13,800 businesses resuming operation./.
Prime Minister Pham Minh Chinh on November 14 chaired the sixth meeting of the Steering Committee for Administrative Reform via a videoconference linking 63 cities and provinces nationwide.
Prime Minister Pham Minh Chinh urged officials to raise their sense of responsibility towards administrative reform while chairing the sixth meeting of the Government’s Steering Committee for Administrative Reform on November 14.
Prime Minister Pham Minh Chinh has asked ministries and agencies to soon submit policies to the government for approval to remove obstacles and create favourable conditions for Ho Chi Minh City to develop quickly and sustainably.
Confidence among the European businesses operating in Vietnam is showing signs of resilience as the latest Business Confidence Index (BCI) from the European Chamber of Commerce in Vietnam (EuroCham), conducted by Decision Lab, reached 46.3 points in the fourth quarter of 2023.
National Assembly Chairman Vuong Dinh Hue asked the Central Highlands province of Gia Lai to speed up administrative reform and improve the investment environment right in early 2024 while holding a working session with the provincial Party Committee's Standing Board on January 26.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
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.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
With holistic approaches from the government, Vietnamese enterprises and the whole economy hope to see bright prospects in 2024. (Photo: VNA) 
