Measures sought to raise efficiency of competitiveness improvement
Deputy Prime Minister Vu Dam chaired a meeting on December 12 in Hanoi to review five years of implementing Resolution 19 regarding the enhancement of the business environment and national competitiveness, as well as measures to boost its efficiency in 2019.
Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam chaired ameeting on December 12 in Hanoi to review five years of implementing Resolution19 regarding the enhancement of the business environment and nationalcompetitiveness, as well as measures to boost its efficiency in 2019.
He said that next year, the resolution will focus on four major tasks,including simplifying regulations related to business conditions, reforming professionalmanagement and examination and fostering links with the national public serviceportal.
The resolution also aims to promote e-payment and online public services,and form an eco-system for innovation, said the Deputy PM, who is also head ofthe National Council on sustainable development and competitivenessimprovement.
He stressed the need for ministries and sectors to clarify theirguidelines to localities.
“It is necessary to increase the responsibility and activeness ofministries and sectors in implementing the resolution,” he underlined.
Dr. Nguyen Dinh Cung, head of the Central Institute forEconomic Management, said that in recent years, especially since 2016, therehave been many indications that the business environment and competitivenesshave improved.
He attributed the results to the direction of theGovernment and the Prime Minister, as well as heads of ministries andlocalities.
Cung noted that in 2018, half of business conditionshave been cut, while the ratio of goods subjected to professional examination hasalso been reduced to 19.4 percent.
Many delegates said the resolution has been supportedby the business community.
However, they said that in the future, it is necessaryto improve matters related to the taxes.
Deputy Minister of Health Truong Quoc Cuong stressedthe need for local departments to give more advice on how to improvelocalities’ indexes on business and environment and competitiveness.
Meanwhile, Deputy Governor of the State Bank ofVietnam Dao Minh Tu said e-payment and the provision of online public services atlevel four should be promoted, explaining it will contribute to fightingcorruption and strengthening openness and transparency as well as reducing timeand cost for businesses and people.-VNA
The business environment has seen remarkable improvement, which wins positive response and support from the business circle and public opinion, said Dau Anh Tuan, head of the VCCI's Legal Department.
Businesses expect to see quicker actions from state management agencies in the enforcement of the Government’s Resolutions No 19 and 35 to boost reforms and promote business development.
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.
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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.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
Overview of the meeting (Photo: VNA) 
