Improving Vietnam's business environment key objective in 2024

A seller waits for customers at a candy shop in Hanoi on January 3, 2024. (Photo by Nhac NGUYEN / AFP)

HANOI: The Vietnamese government remains fully committed to improving Vietnam’s business environment and competitiveness, participants at a conference in Hanoi were told last week.

Dr Tran Thi Hong Minh of the Central Institute for Economic Management (CIEM), said that the business environment is a crucial pillar of Vietnam’s institutional reform and aims to create the most favourable conditions for businesses across all sectors.

Representatives from the Planning and Investment Ministry said the ministry has been tasked by the government with advising and issuing mechanisms and policies to promote institutional reform, establish a business-friendly, convenient, safe environment in line with international standards and adaptable to development trends.

The government’s direction includes the removal of unnecessary legal barriers in project implementation, the conditions required by businesses and investors, the streamlining of inspection activities and the deployment of the National Single Window.

In addition, measures have been taken to enhance the efficiency of administrative procedures, IT, interconnection and data sharing.

Meanwhile, access to capital for businesses, promotion of investment, innovation, digital transformation, green conversion and quality of business services are other government objectives. — Viet Nam News/ANN

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