Prime Minister Nguyen Tan Dung has emphasised improving investment climate and increasing national competitiveness as a key task of 2015 that is expected to make remarkable changes to the economy.

A new resolution clarifying tasks of ministries, sectors and localities will be issued based on the contents of the Government’s Resolution 19/NQ-CP in the field, the PM said while chairing a monthly cabinet meeting in Hanoi on December 30.

He requested the acceleration of administrative reform to implement effectively strategies on economic restructuring and growth model change.

The Government will review and assess the implementation of measures improving business environment and increasing national competitiveness during its next regular meetings, he said, adding that the administrative reform index of ministries, sectors and localities will be announced in early 2015.

Minister of Planning and Investment Bui Quang Vinh reported that most of the key business climate improvement targets for the 2014-2015 period have been fulfilled.

Specifically, the investor protection index jumped to the 52 nd place from the 157 th while the entrepreneurship index increased from the 109 th to the 60th , tax payment from the 149 th to the 134 th and electricity assess from the 115th to the 111th .

These results are expected to bring Vietnam ’s business environment to the 56th place./.