SET MORE COMPREHENSIVE goals for improving business environment

In 2018, Vietnam will continue to improve the business environment; raise competitiveness in all ministries; remove business obstacles; and provide adequate data for international assessment.

Deputy Prime Misnister Vu Duc Dam made the statement at an international conference on substantially improving the business environment to strengthen economic growth in Hanoi. He said, ministries and departments need to exert extra efforts to improve the business climate as highlighted in the Government’s Resolution 19/NQ-CP.

The Deputy PM commemorated administrative achievements across ministries, sectors and localities in improving the business environment over the past year. He expressed high hopes for the future, stressing the importance of economic restructuring and business environment development as keys to better Vietnam.

A notable feature of the resolution is setting goals on improving the quality of the business environment and enchancing the national competitiveness in the global rankings.

Director of the Central Institute for Economic Management (CIEM) under the Ministry of Planning and Investment Nguyen Dinh Cung said that four indicators of the business environment have been improved in the 2014 – 2017 period including accession to power, protection of investors, tax payment, and credit access.

Mr. Cung said many ministries, departments and localities have actively worked to improve the business environment and extricate difficulties for enterprises. For example, the Ministry of Industry and Trade removed 675 unnecessary business and investment conditions in 2017. The Ministry of Construction and the Ministry of Health are also active players.

Over the reviewed period. Resolution 19 on implementing main duties and solutions for improving the business environment and enhancing national competitiveness in 2017 and orientation towards 2020 showed that the outcomes were unequal among different ministries, agencies, localities, and indicators. Almost of sectors and hot issues that draw much public concern have been improved.

Hence, Resolution 19 that will be issued in 2018 will target to eliminate at least from a third to a half of business lines and cut a half of goods subjected to inspection.

Besides achievements, there are some restrictions, Deputy Minister of Planning and Investment Nguyen Van Trung pointed to the slow implementation of the resolution in some departments and localities, thus failing to realise the target of narrowing the gap in business environment quality and competitiveness with other countries in the region.

The Ministry of Planning and Investment is improving the draft Resolution 19/2018/NQ-Cp with higher targets to reform the economy strongly to achieve more equal, practical and comprehensive impacts.

Mr. Ousmane Dione, World Bank Country Director for Vietnam, said that it was very important for all stakeholders to share information to effectively promote business environment reform. According to Mr.Dione, the country needs to create a dynamic business sector and a competitive economy. Therefore, feedback mechanisms and impact assessments are important to achieve such objectives.

Deputy PM Vu Duc Dam said that in 2018, Resolution 19 must be enforced to resolve the problem of uneven implementation among different ministries, sectors, and localities.

The Government leader also asked for close coordination among ministries, agencies, localities and business circle.

Deputy PM Vu Duc Dam hoped that international organizations would work with Vietnamese ministries, agencies, and localities to formulate information provision in order to make objective and science-based assessments; hold forums and conferences to better business environment and competitiveness.