Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, Chairman of the Việt Nam Chamber of Commerce and Industry Vũ Tiến Lộc said.
US businesses expected progressive changes and clear improvements in both hard and soft infrastructure as well as policies for investment and business co-operation in Việt Nam, said Vice Chairwoman of the Vietnam Chamber of Commerce and Industry (VCCI) Virginia Foote.
VOV.VN - A number of US-based corporations have shown their pleasure at Vietnam’s increasing administrative reforms which helped to make it an increasingly attractive destination with an expected upward path of investment inflows.
Though the government’s policies have contributed significantly to raising the interest of foreign investors in the Vietnamese real estate sector in recent years, experts suggested revisions are needed to make the market more attractive to the investors.
Reforms of the administrative system must be done with “professionalism and resolution” to effectively eliminate "vested interest" and corrupt elements, according to Minister, Chairman of the Government Office Mai Tien Dung.
VOV.VN -Vietnam slipped one notch from the 68th to 69th place out of 190 economies in the World Bank Group’s Doing Business 2019: Training for Reform report, released on October 31.
The local business environment has not witnessed strong reforms although the Government has made efforts to improve the same over the past years, according to experts.
Reforming social insurance policies is aimed at ensuring social insurance is truly a key pillar in the social security system and to gradually expand its coverage for all people, according to a resolution of the Party Central Committee.
Amid the complex world situation, Vietnam needs to push ahead with reforming policies and regulations to keep up with the development pace of the global economy, said Prime Minister Nguyen Xuan Phuc.
The Ministry of Education and Training plans to allow schools at all levels to recruit teachers on the basis of their specific requirements, instead of recruiting based on targets set by the education sector.
Reforms in taxation procedures have elicited increased satisfaction from enterprises over the last two years, but they continue to expect further simplification, a survey by the Vietnam Chamber of Commerce and Industry (VCCI) has found.
The southern province of Dong Nai is stepping up investment-trade-service promotion activities to attract more foreign investments from major markets like Japan, the EU, the Republic of Korea and Taiwan, said the provincial Department of Investment and Planning.
VOV.VN - Vietnam’s economic restructuring program for the past 5 years brought about noticeable results. The progress has provided a basis for Vietnam to continue its restructuring plan until 2020.
The Vietnamese government is determined to successfully carry out reforms to stabilise the macro-economy and fuel economic growth.
VOV.VN - Much more by the way of realistic reforms need be done to tackle the challenges of a rapidly aging population in Vietnam, says the Ministry of Ministry of Planning and Investment (MoIT).
VOV.VN - Vietnam’s GDP growth rate increased 5.46% in the first quarter of this year, less than in the same period last year.
The Ministry of Finance will continue completing tariff policies and reforming tariff and customs administrative procedures to support production and business and also improve the competitiveness of the economy.
HCM City (VNA) - Visiting Italian President Sergio Mattarella emphasised the important roles of businesses, associations and universities in materialising reforms and innovations, and strengthening cooperation between Italy and Vietnam.
President of Myanmar U Thein Sein has committed to continued reforms to bring about peace, stability and socio-economic development for the country.
More institutional reforms are needed to help the Vietnamese economy maintain its development momentum, heard a conference in Hanoi on August 28.