Deputy PM calls for joint efforts to improve national business climate

Friday, 2017-03-10 11:02:27
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Deputy PM calls for joint efforts to improve national business climate
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NDO/VNA—Deputy Prime Minister Vu Duc Dam has asked for a concerted effort and the responsibility of all Vietnamese enterprises to further improve the national business climate and competitiveness in line with the spirit of the Government’s Resolution No. 19.

Addressing a conference to launch the Resolution in 2017 in Hanoi on March 10, the Deputy PM underlined the role of the Government in guiding its implementation, and called on the business community to have confidence and patience to improve the national business climate.

This is the fourth time in the four consecutive years the Government has issued a Resolution on tasks to improve the business climate and national competitiveness, demonstrating the country’s strategic breakthrough effort in institutional reform, with a focus on administrative procedures.

This has contributed to Vietnam’s improved business environment ranking done by the World Bank (WB) in 2016, now standing at 82nc, up from 91st—the biggest improvement since 2008.

Vietnam is aiming to reach the level of the ASEAN 4 countries (Singapore, Malaysia, Thailand and the Philippines) later this year in terms of business environment; to become one of the top 70 and 80 countries in terms of start-ups and the protection of minority investors, respectively; and among the top 30 countries listed by the World Bank in transparency and access to credit.

By 2020, the country also aims to be one of the top 40 countries as ranked by the World Economic Forum on access to loans, achieving the average level of the ASEAN 4 countries in competitiveness and that of ASEAN 5 (Malaysia, Vietnam, Indonesia, Thailand and the Philippines) in terms of the Global Innovation Index released by the World Intellectual Property Organisation.

On e-government, comprehensive reform will be conducted in telecommunications infrastructure, human capital and online service indexes, so that the country will be rated among the top 80 countries in the UN’s e-government ranking.

By the end of this year, most public services involving citizens and businesses will be launched at Level 3 and Level 4 which will allow online payments and applications.
The government had asked ministers and leaders of ministry-level agencies, government units and centrally run municipal and provincial People’s Committees to devise action plans before February 28 to execute the resolution.

The municipal and provincial authorities were requested to launch one-stop shop models to simplify and shorten the time for administrative procedures involving taxes and fees.