Administrative reforms key to fostering businesses

In 2024, the Government plans to improve the business environment through comprehensive reforms, policy changes and supporting businesses in 2024.
Administrative reforms key to fostering businesses ảnh 1With holistic approaches from the government, Vietnamese enterprises and the whole economy hope to see bright prospects in 2024. (Photo: VNA)
Hanoi (VNS/VNA) - In 2024, the Government plans toimprove the business environment through comprehensive reforms, policychanges and supporting businesses in 2024.

Dau Anh Tuan, Deputy General Secretary of the Vietnam Chamber ofCommerce and Industry, said the Government should simplify administrativeprocedures and reduce supervision.

This would let businesses focus on their operations and bolstergeneral growth, he said.

It is also necessary to call for foreign investment,especially in high-quality, high-value projects in sectors that need to bequickly developed, he said.

“The Government's Resolution Nos 01 and 02 issued at thebeginning of the year have helped stabilise the economy and boost economicgrowth.”

The former focuses on key tasks and solutions for accomplishingsocio-economic fiscal targets, improving the business environment andbolstering economic competitiveness.

Resolution No 02 aims to create a healthy competitiveenvironment, increase the number of enterprises, reduce the rate of suspensionof businesses, and increase the number engaged in innovative activities andgreen and digital transformation.

Tuan said authorities should enhance communication with businessesand industry associations to quickly handle difficulties and promotepublic and infrastructure investments.

“Vietnamese enterprises could definitely attract more investorsand compete with foreign ones if they have a favourable business environmentand simple administrative procedures and rapidly adopt information technology.”

In the first month of 2024, Vietnam had around 13,500 newestablishments, showing a significant year-on-year increase of 25 per cent,said the General Statistic Office.

The country also had 13,800 businesses resuming operation./.
VNA

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