He stated that the central government has directed ministries and local authorities to take action to ensure a fair and transparent business environment in order to enhance Vietnam’s competitiveness. The Deputy PM also underlined a number of priorities pursued by the government, including maintaining macroeconomic stability while adopting a flexible and proactive monetary policy in accordance with market signals. The 2018 Horasis Asia Meeting is co-hosted by Binh Duong province and Becamex IDC Corp, bringing together over 400 senior leaders from businesses and the government to explore and advance regional cooperation, impact investing and sustainable growth. At the forum, Deputy PM Trinh Dinh Dung informed the participants on Vietnam’s notable achievements in the past 30 years and its efforts to improve the business environment. He stated that Vietnam is one of most attractive foreign investment destinations in the world and the country has also signed numerous free trade … [Read more...] about Horasis Asia Meeting: Vietnam pledges to improve business environment
Business environment
VN commits to more favorable business environment
Deputy PM Trinh Dinh Dung delivers a speech at the Asia Economic Cooperation Forum (Horasis 2018), Ha Noi, November 26, 2018 - Photo: VGP Deputy PM Dung made the point on November 26 at the Asia Economic Cooperation Forum (Horasis 2018). The forum was jointly hosted by the provincial People’s Committee of Binh Duong, Horasis Group, and Becamex Group. Important supply chain Deputy PM Dung briefed investors about socio-economic development in Viet Nam. After 30 years of renovation, Viet Nam attained impressive economic growth rates which were praised by the international community as an example of a successful economy. Viet Nam’s average economic growth reached 6.63% in the 1986-2017 period. The economy expanded by 6.81% in 2017. The economy was forecast to increase by 6.7%. Viet Nam entered the group of countries with the highest growth rates. In addition, Viet Nam extremely attaches importance to growth … [Read more...] about VN commits to more favorable business environment
Logistics test Vietnam’s commitment to improving business environment
Recognizing the crucial role of logistics in enhancing the competitiveness of the economy, since 2017 the government has taken many measures aiming to improve the performance of this sector. Enhancing the performance of the logistics sector is also aimed at enhancing the business environment in Vietnam - Photo: Tan Cang Hiep Phuoc Specifically, in February 2017, the Prime Minister adopted an action plan on developing Vietnam’s logistics sector until 2025. In 2018, logistics development was included in Resolution 19 for the first time, with the specific goal of gradually reducing the costs of logistics to about 18% of GDP and improve Vietnam’s logistics performance index by ten positions. And in July 2018, the PM promulgated another directive for stepped-up measures to lower logistics costs and connect the transport infrastructure effectively. In the age of globalisation, logistics is an important factor to the success of any country. Depending on its location and … [Read more...] about Logistics test Vietnam’s commitment to improving business environment
Business environment improved but yet to hit targets: experts
Viet Nam’s business had improved remarkably over the past five years since the Government took action to cut conditions and raise national competitiveness, however, it had not yet reached its targets. — Photo vov.vn Viet Nam’s business had improved remarkably over the past five years since the Government took action to cut conditions and raise national competitiveness, however, it had not yet reached its targets, said experts at a conference in Ha Noi on Friday. The Government’s Resolution No 19 aims to tackle difficulties for businesses and create favourable conditions for investors. The aim was to raise the country’s business environment to the same level as Singapore, Malaysia, Thailand and the Philippines. Speaking at the conference, head of the Central Institute for Economic Management (CIEM)’s Business Environment and Competitiveness Committee Nguyen Minh Thao said that during the first year of implementation in 2014, only the Ministry of … [Read more...] about Business environment improved but yet to hit targets: experts
Vietnam needs more efforts to improve business environment: Experts
The Hanoitimes - Countries are competing fiercely with each other in their quest for prosperity through improvements in business environment and national competitiveness. In this process, Vietnam would be left behind just by standing still. The introduction of Resolution No.19 by the government five years ago was seen as a bid for Vietnam to become one of the top three business-friendly countries in ASEAN, however, the result leaves much to be desired as most of Vietnam’s business environment indices are still below the average score of ASEAN-4 (including Indonesia, Malaysia, the Philippines and Thailand), according to the Central Institute for Economic Management (CIEM). Overview of the workshop. Source: Ngoc Thuy. The annual issuance of Resolution No.19 since 2014 proves the government’s determination in improving the business environments and national competitiveness, stated Nguyen Dinh Cung, CIEM’s director at a conference on November … [Read more...] about Vietnam needs more efforts to improve business environment: Experts