Government resolution eyes business environment improvement
The Vietnamese Government has issued a resolution on continuing with solutions and tasks to improve the business environment and increase national competitiveness in 2018 and beyond.
The Vietnamese Government has issued a resolution on continuing with solutions and tasks to improve the business environment and increase national competitiveness in 2018 and beyond - Illustrative image (Source: VNA)
Hanoi (VNA) – The Vietnamese Government has issued a resolution on continuingwith solutions and tasks to improve the business environment and increasenational competitiveness in 2018 and beyond.
The resolution aims to improve indexesrelated to the business environment in order to jump 8-18 steps from thecurrent 68th place the in World Bank’s Doing Business Rankings, withthe focus on low-rated indexes.
Specifically, the country will try to moveup at least 40 places in the index of Starting a Business, 10 places in EnforcingContracts and 10 places in Resolving Insolvency.
Under the document, half of business andinvestment conditions will be eliminated or simplified, while the number ofcommodity types subject to specialised inspections will be reduced by at least50 percent.
State management will be shifted frompre-inspection to post-inspection. Additionally, products will be no longer bemanaged by more than one agency. The rate of import goods subject tospecialized customs check will be reduced from the current 25-27 percent tounder 10 percent.
The resolution requires hastening theapplication of information technology in handling administrative procedures,including online public services.
The Government asked Ministers andChairpersons of People’s Committees of provinces and centrally-run cities tobuild action plans on carrying out the resolution before May 31, and to directthe implementation of measures to improve the business climate andcompetitiveness.-VNA
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.
Policymakers, experts and researchers from Southeast Asian countries, Australia and the Republic of Korea (RoK) gathered at a workshop in Hanoi on April 26 to discuss the significance of public reform and state capacity to national development.
The Mekong Delta has consistently recorded the highest average provincial competitiveness index (PCI) among six regions nationwide since 2014, said the Vietnam Chamber of Commerce and Industry (VCCI).
The Vietnam Chamber of Commerce and Industry (VCCI) has made great efforts in cooperating with international organisations and foreign embassies in Vietnam to promote partnership between Vietnamese and foreign partners.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
The Vietnamese Government has issued a resolution on continuing with solutions and tasks to improve the business environment and increase national competitiveness in 2018 and beyond - Illustrative image (Source: VNA) 
