The abundant foreign direct investment (FDI) capital has given Việt Nam a new image on the global trade map but has not been able to pull the economy up a higher value ladder.
Amid the COVID-19 pandemic, Viet Nam has not stopped its efforts to achieve the ''dual goals'' of improving the business environment and enhancing national competitiveness.
2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management.
Viet Nam still needs to make more reforms to achieve sustainability in economic growth, five years after implementing Government Resolution 19 on improving the business environment and enhancing national competitiveness.
Phan Duc Hieu, deputy director of the Central Institute for Economic...
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.
The EU – Viet Nam free trade agreement (EVFTA) will help enhance the national competitiveness of Viet Nam, according to a report launched by the European Chamber of Commerce (Eurocham) in HCM City on Tuesday.
The Ministry of Finance this year will have more solutions to improve further business environment and national competitive ability after gaining success in implementing Resolution 19/2016/NQ-CP to improving business environment.
Ministries and sectors, along with local authorities, must promote their
roles and coordination to help improve the domestic business
environment and enhance national competitiveness.