Double efforts needed to improve business environment hinh anh 1At the conference (Photo: VNA)

Hanoi (VNA) –
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.

He made the statement at an international conference on sustainably improving the business environment to strengthen economic growth in Hanoi on March 15.

A notable feature of the resolution is setting goals on improving the quality of the business environment and enhancing 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 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 Agriculture and Rural Development, the Ministry of Construction and the Ministry of Health are also active players.

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

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.

Catherine Kadennyeka Masinde, a representative from the World Bank, suggested Vietnam increase accountability of organisations and individuals while implementing the resolution.

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.

Vietnam moved up 14 places to rank 68th among 190 economies in the World Bank (WB)’s Doing Business 2018 report themed “Reforming to Create Jobs”.

In the previous report, Vietnam jumped nine places to rank 82nd in 190 economies.
Vietnam and Indonesia have implemented the most reforms in the past 15 years, with 39 reforms each, according to the report.-VNA