Vietnam’s business environment and competitiveness have been improved significantly over the past three years (Source: VNA) Hanoi (VNA) – Vietnam’s business environment and competitiveness have beenimproved significantly over the past three years thanks to a range ofsolutions, according to the Ministry of Planning and Investment (MoPI).
The country’s efforts have been reflected through the World Bank’s ease ofdoing business rankings in 2016, in which Vietnam climbed to the 82nd position from the 91st last year. This is the first time the countryhas made a big stride in the rankings since 2008.
Vietnam also claimed the 47th position among 127 economies surveyedin the 2017 global innovative index (GII) report, the highest ranking to date,up 12 places from last year’s report, according to the World IntellectualProperty Organisation (WIPO).
The World Economic Forum (WEF)’s Global Competitiveness Report 2017-2018released in September also ranked Vietnam 55th overall, up fiveplaces from 2016.
However, the MoPI said that the quality of regulations on business conditions remainedlow, showing a lack of a management system based on risk assessment.
Besides,the supervision system of regulations on business conditions has provenineffective, the ministry said, pointing to inadequate acknowledgement ofreforms of licences and business conditions.
The ministry, therefore, proposed abolishing about 3,000 unnecessary,irrational, ineffective business conditions and revamping State management overproduction and business activities on the basis of principles and practices setby the Organisation for Economic Cooperation and Development (OECD).
The ministry has called on the Prime Minister to request ministers andChairpersons of municipal and provincial People’s Committees to closelysupervise the implementation of Resolution No. 19 on tasks and solutions toimprove the business environment and national competitiveness.
The ministries should promptly review and propose reducing investment andbusiness conditions in the State management area and report to the PM beforeDecember 2017, the MoPI said.
At the same time, the MoPI will partner with the Government’s Office andrelevant ministries to organise more dialogues with enterprises to clear uptheir concerns and petitions in a timely manner.-VNA
The country’s efforts have been reflected through the World Bank’s ease ofdoing business rankings in 2016, in which Vietnam climbed to the 82nd position from the 91st last year. This is the first time the countryhas made a big stride in the rankings since 2008.
Vietnam also claimed the 47th position among 127 economies surveyedin the 2017 global innovative index (GII) report, the highest ranking to date,up 12 places from last year’s report, according to the World IntellectualProperty Organisation (WIPO).
The World Economic Forum (WEF)’s Global Competitiveness Report 2017-2018released in September also ranked Vietnam 55th overall, up fiveplaces from 2016.
However, the MoPI said that the quality of regulations on business conditions remainedlow, showing a lack of a management system based on risk assessment.
Besides,the supervision system of regulations on business conditions has provenineffective, the ministry said, pointing to inadequate acknowledgement ofreforms of licences and business conditions.
The ministry, therefore, proposed abolishing about 3,000 unnecessary,irrational, ineffective business conditions and revamping State management overproduction and business activities on the basis of principles and practices setby the Organisation for Economic Cooperation and Development (OECD).
The ministry has called on the Prime Minister to request ministers andChairpersons of municipal and provincial People’s Committees to closelysupervise the implementation of Resolution No. 19 on tasks and solutions toimprove the business environment and national competitiveness.
The ministries should promptly review and propose reducing investment andbusiness conditions in the State management area and report to the PM beforeDecember 2017, the MoPI said.
At the same time, the MoPI will partner with the Government’s Office andrelevant ministries to organise more dialogues with enterprises to clear uptheir concerns and petitions in a timely manner.-VNA
VNA
