Government policies need to be in place: Deputy PM

Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam called for measures to execute the Government’s policies soundly while chairing a meeting of the National Council for Sustainable Development and Competitiveness Improvement in Hanoi on December 10.

He made the call in response to concern over the slow progress of implementing a resolution on improving the business climate and competitiveness for 2015-2016 in several ministries and localities.

Realities show that localities would achieve goals set in the resolution if authorities closely inspect and direct the enforcement, said Director of the Central Institute for Economic Management Nguyen Dinh Cung.

According to the World Bank’s Doing Business report issued on May 31, Vietnam moved up three notches, from 93 rd last year to 90 th place out of 89 economies, with a marked improvement in business start-up time, customs, energy and credit access, social insurance and curbing of bankruptcy.

The report was compiled prior to the enforcement of the laws on Investment and Enterprises, so the WB experts have forecast another jump in the rankings in 2016.

However, it also showed Vietnam’s modest performance when it comes to processing administrative procedures, trading across borders and protecting minority investors.

Discussing the United Nations’ Agenda 2030 for Sustainable Development, participants shared the view that improving competitiveness is crucial to sustainable development.

The agenda features 17 goals at its core and 169 specific targets applicable to the most and least developed countries between now and 2030.

Deputy Minister of Planning and Investment Nguyen The Phuong said the ministry will submit a socio-economic development strategy until 2035 to the Government, which will include the above goals.

Several opinions stressed the significance of improving labour output, which they said, needs better business environment.

The Ministry of Planning and Investment, the Government e-portal and the Vietnam Chamber of Commerce and Industry were asked to continue acquiring business feedbacks.-VNA