The Ministry of Planning and Investment discussed work plans with governmental agencies and local authorities At last week’s teleconference chaired by the Ministry of Planning and Investment (MPI) with government agencies and municipal and provincial authorities to review and set tasks to meet the full-year goals, these issues once again appeared on the agenda. According to Nguyen Doan Toan, Deputy Chairman of Hanoi People’s Committee, the city is facing several problems related to provisions of major laws clashing with one another and the allocation of official development assistance (ODA), among others. “The MPI should issue guidelines for provincial- and municipal-level planning, conditions for budget allocation, and financial settlements for various kinds of development planning to enable localities to draw up their future planning,” Toan said. “The MPI should also soon complete the amendment of the Law on Investment (LoI) 2014, the Law on … [Read more...] about Business environment policy tops MPI agenda
Discuss business environment
Vietnam’s attractive business environment facilitates more US investments
The Hanoitimes - Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy. Make business environment most important growth engine: PM Better business environment makes Japanese firms in Hanoi more efficient: JETRO Vietnam targets ASEAN-4 ranking in business environment Better business environment could spur South Korea investment in Vietnam Representatives from US leading companies such as Google, AIG, Asia Pacific, VISA considered growing attractiveness of Vietnam’s business environment an important factor that facilitates more investments into Vietnam. Minister and Head of the Government Office Mai Tien Dung (r) and President of the Asia Group Kurt Campbell. Source: VGP. The view was shared at a roundtable discussion on investment policies with the presence of Vietnam’s Minister and Head of the Government Office Mai Tien … [Read more...] about Vietnam’s attractive business environment facilitates more US investments
Vietnam aims to leap by 5-7 places in business environment improvement rankings in 2019
The target was announced at a national teleconference between the Government and 63 provinces and cities nationwide in Hanoi on December 28, under the draft Resolution on continuing to carry out the main solutions to improve the business environment and national competitiveness in 2019, towards 2021, as presented at the conference. In particular, it set raising Vietnam’s place in the Ease of Doing Business Rankings by the World Bank (WB) to 15-20 levels, particularly, from 5-7 steps in 2019. Meanwhile, it also sets to increase Vietnam’s position in global competitiveness rankings by 3-5 steps next year and from 5-10 grades by 2021, in addition to leaping rankings in the WB's logistics performance index by 5-10 steps and in e-Government rankings by the United Nations by 1-15 grades in 2019 and 10-15 steps by 2020. Currently, despite achieving higher results than before in improving the business environment, rankings in the business environment improvement and competitiveness … [Read more...] about Vietnam aims to leap by 5-7 places in business environment improvement rankings in 2019
Horasis Asia Meeting: Vietnam pledges to improve business environment
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
Deputy PM: Government working to perfect business environment
At the dialogue, the Deputy PM highlighted the country’s remarkable socio-economic achievements of recent years and said that in order to achieve an annual growth rate of 6.5-7% in the coming years, the Government will go ahead with improving the investment and business environment so as to facilitate development and encourage businesses and people to promote their innovative startups. Another target is to increase productivity, sharpen economic competitiveness, and boost deeper international integration towards expanded development space and an improved business environment that can keep up with international standards and rules. Deputy PM Hue said that the Vietnamese Government is ready to hold open dialogues and listen to the ideas of domestic and foreign businesses and hopes to get their proposals on boosting economic development in a more rapid and sustainable manner and on how to better take advantage of the opportunities presented by revolution 4.0. Participants discussed … [Read more...] about Deputy PM: Government working to perfect business environment