Business

Double efforts needed to improve business environment

Ministries and departments need to exert extra efforts to improve the business climate as highlighted in the Government’s Resolution 19/NQ-CP, Deputy Prime Minister Vu Duc Dam has said.
Double efforts needed to improve business environment ảnh 1At the conference (Photo: VNA)

Hanoi (VNA) – Ministries anddepartments need to exert extra efforts to improve the business climate ashighlighted in the Government’s Resolution 19/NQ-CP, Deputy Prime Minister VuDuc Dam has said.

He made the statement at an internationalconference on sustainably improving the business environment to strengtheneconomic growth in Hanoi on March 15.

A notable feature of the resolution is settinggoals on improving the quality of the business environment and enhancing thenational competitiveness in the global rankings.

Director of the Central Institute for EconomicManagement (CIEM) under the Ministry of Planning and Investment Nguyen Dinh Cungsaid many ministries, departments and localities have actively worked toimprove the business environment and extricate difficulties for enterprises.

For example, the Ministry of Industry and Traderemoved 675 unnecessary business and investment conditions in 2017. TheMinistry of Agriculture and Rural Development, the Ministry of Construction andthe Ministry of Health are also active players.

Resolution 19 has created a strong movement toimprove the business environment nationwide, Cung said, adding that most oflocalities have conducted dialogues with businesses to unlock their bottlenecksand encourage them to make more contributions to the local economic growth.

Besides achievements, there are somerestrictions. Deputy Minister of Planning and Investment Nguyen Van Trung pointedto the slow implementation of the resolution in some departments andlocalities, thus failing to realise the target of narrowing the gap in businessenvironment quality and competitiveness with other countries in the region.

Catherine Kadennyeka Masinde, a representativefrom the World Bank, suggested Vietnam increase accountability of organisationsand individuals while implementing the resolution.

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

Vietnam moved up 14 places to rank 68th among190 economies in the World Bank (WB)’s Doing Business 2018 report themed“Reforming to Create Jobs”.

In the previous report, Vietnam jumped nineplaces to rank 82nd in 190 economies.
Vietnam and Indonesia have implemented the mostreforms in the past 15 years, with 39 reforms each, according to thereport.-VNA
VNA
#improve the business climate #Government’s Resolution 19/NQ-CP #Deputy Prime Minister Vu Duc Dam #international conference #strengthen economic growth #enhance national competitiveness #Central Institute for Economic Management (CIEM) #Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnam to cut costs, rules for firms

Vietnam to cut costs, rules for firms

The private business sector in Vietnam is vital for the economy, however, obstacles and challenges remain, which can only be overcome through the combined efforts of policymakers and business leaders.

See more

Standing Deputy Prime Minister Pham Gia Tuc chairs a meeting with representatives of US business associations and companies operating in Vietnam on July 17, 2026. (Photo: baochinhphu.vn)

Standing Deputy PM meets with US business community

Chairing a meeting with representatives of US business associations and companies operating in Vietnam, Tuc praised the US business community for its substantive contributions to Vietnam's socio-economic development as well as the two countries’ relations.

Workers assembles electronic components on the production line at the Bao Sen Co., Ltd. in Bac Ninh province. (Photo: VNA)

Vietnam's economy needs to shift from quantity to quality: ADB experts

Shantanu Chakraborty, ADB Country Director for Vietnam, noted that while achieving strong growth in a single year is encouraging, maintaining both the pace and quality of growth over many years will be essential if Vietnam is to achieve its goal of becoming a high-income country by 2045.

The Long Son Petrochemical Complex, an investment project of Thailand's SCG Group, is located in Long Son commune, Ho Chi Minh City. (Photo: VNA)

Vietnam reshapes FDI strategy with focus on technology, innovation

Politburo Resolution No. 10-NQ/TW, issued on June 8, 2026, recognises the foreign-invested sector as an important component of the national economy, signalling a major shift in the country's investment attraction strategy. Rather than prioritising labour-intensive projects, Vietnam is now seeking high-quality investments capable of driving technological progress, innovation, sustainable development and stronger participation in global value chains.

International tourists love shopping for souvenirs at Hanoi's Old Quarter night market (Photo: VNA)

Hanoi aims to raise tourists' night-time spending to 30%

Hanoi will establish and operate flagship night-time economy zones supported by preferential policies, including heritage and cultural districts in Hoan Kiem, Cua Nam, Ba Dinh, Son Tay and Soc Son; modern entertainment hubs in Tay Ho-West Lake West, My Dinh and Dong Anh; creative economy zones linked to cultural industries such as theatres, cinemas and museums; and cultural tourism and resort destinations in suburban craft villages including Bat Trang, Ba Vi and Huong Son.

Vietnamese Ambassador to Laos Nguyen Minh Tam and Lao Deputy Minister of Industry and Commerce Phouthavanh Nanthavong visit the Vietnamese pavilion at VIETLAO EXPO 2026 (Photo: VNA)

VIETLAO EXPO 2026 helps boost Vietnam-Laos strategic cohesion

The Vietnam-Laos Trade Fair 2026 (VIETLAO EXPO 2026) opened on July 16 in Vientiane, serving as a key platform for businesses from both countries to showcase products, seek partnerships, transfer technologies and expand investment cooperation.

The Vietnam-EFTA FTA is one of the longest-negotiated trade agreements in Vietnam's history. (Illustrative Photo: VNA)

Vietnam-EFTA deal set to further boost bilateral trade growth

The Vietnam-EFTA FTA is one of the longest-negotiated trade agreements in Vietnam's history, reflecting its broad scope of commitments covering trade in goods and services, investment, intellectual property, government procurement, environmental protection, sustainable development, small and medium-sized enterprises (SMEs), and other areas of cooperation.

Passengers and visitors check in at Terminal 1 of Noi Bai International Airport. (Photo: VNA)

Hanoi-Ho Chi Minh City route among world’s busiest

According to IATA’s ranking of global air passenger markets, the US remained the world’s largest market in 2025, with 890.1 million passengers, up 1.6% from 2024. China, the world’s second-largest market, recorded stronger growth of 4.8%, reaching 776.1 million passengers. China is widely forecast to overtake the US and become the world’s largest air passenger market in the 2030s.

An overview of the working session between the Kazakh delegation and the Can Tho City People's Committee on July 16. (Photo: VNA)

Kazakhstan explores agricultural by-product recycling project in Can Tho city

The proposed project would use rice husks as its primary feedstock, with an estimated one million tonnes processed annually using advanced technology developed in Kazakhstan. At present, the top priority is to secure a stable supply of raw materials from rice-producing provinces across the Mekong Delta.

Consumers buy fruit at a supermarket in Vietnam. (Photo: VNA)

US highlights potential in Vietnam’s fruit market

The US was Vietnam's second-largest supplier of agricultural products, with export turnover reaching 4.7 billion USD in 2025, a remarkable increase from less than 3.5 billion USD in 2024, Fruitnet said, citing a new report by the US Department of Agriculture (USDA).

Vietnamese Ambassador to Thailand Pham Viet Hung (thitd, left) attends the opening ceremony of Grand Halal Bangkok 2026 (Photo: VNA)

Vietnamese firms seek global Halal opportunities at Bangkok exhibition

Ambassador Pham Viet Hung described Grand Halal Bangkok 2026 as an important opportunity for Vietnamese businesses to connect not only with Thailand's Halal industry but also with Halal food producers worldwide, while learning from experience of Thailand and international partners.

Marnufacturing garments for export at Hung Yen Jute and Garment Joint Stock Company. (Photo: VNA)

GDP expands 8.18%, with new growth drivers taking shape

According to the National Statistics Office under the Ministry of Finance, GDP expanded by 8.39% in the second quarter, up from 8.14% a year earlier. Growth for the first six months reached 8.18%, exceeding the 7.63% recorded in the same period of 2025. The performance reflected broad-based contributions from both the supply and demand sides of the economy.