A workshop titled “Improving the Vietnamese business environment” wasorganised on March 12 in Hanoi in order for local enterprises to learnfrom international experience.
The event, whichwas co-hosted by the Central Institute for Economic Management(CIEM), the Ministry of Planning and Investment and the United StatesAgency of International Development (USAID), aimed to implement a keyGovernment resolution on improving the business climate and nationalcompetitiveness in Vietnam.
The institute’sdirector, Nguyen Dinh Cung, told attendees about the Government’s strongcommitment to realising its targets for Vietnamese businesses.
CIEM has consulted business associations to outline the challengesthat Vietnam faces in improving its business climate, Cung said. Hehighlighted the institute’s action plans to attract investors to theVietnamese market and to develop small-and medium-sized enterprises(SMEs), both of which are important components of its USAID-fundedGovernance for Inclusive Growth (GIG) project. He said that the schemewill create jobs and boost economic growth.
Anexpert from the World Bank also took to the stage, outlining the needfor typical and specific indicators that can accurately measureimprovements in the Vietnamese business climate and assess overallbusiness performance.
Participants discussed 10indicators to measure the performance of enterprises, including thenumber of employees, tax contributions, level of cross-border trade andsuccessful implementation of contracts.
Theyalso suggested the reduction of administrative processes, red tape andcosts by improving cross-border trading, tariffs and power access forenterprises.
The workshop was organised as partof the GIG project, which aims to promote trade and investment, enhancethe private sector, strengthen law enforcement, improve management ofpublic finances, and foster wide participation in socio-economicdevelopment.
The Government’s latest businessresolution, introduced in March last year, calls for the implementationof three strategic measures: improving institutions, developinginfrastructure and raising the quality of human resources. Restructuringthe economy and changing the growth model are also important long-termgoals.
The Government has committed toreforming administrative procedures this year and has pledged to ensuretransparency and increased accountability from state agencies. By theend of 2015 it hopes that Vietnam has achieved the average keyperformance indicators set by several members of the Association ofSoutheast Asian Nations.-VNA
The event, whichwas co-hosted by the Central Institute for Economic Management(CIEM), the Ministry of Planning and Investment and the United StatesAgency of International Development (USAID), aimed to implement a keyGovernment resolution on improving the business climate and nationalcompetitiveness in Vietnam.
The institute’sdirector, Nguyen Dinh Cung, told attendees about the Government’s strongcommitment to realising its targets for Vietnamese businesses.
CIEM has consulted business associations to outline the challengesthat Vietnam faces in improving its business climate, Cung said. Hehighlighted the institute’s action plans to attract investors to theVietnamese market and to develop small-and medium-sized enterprises(SMEs), both of which are important components of its USAID-fundedGovernance for Inclusive Growth (GIG) project. He said that the schemewill create jobs and boost economic growth.
Anexpert from the World Bank also took to the stage, outlining the needfor typical and specific indicators that can accurately measureimprovements in the Vietnamese business climate and assess overallbusiness performance.
Participants discussed 10indicators to measure the performance of enterprises, including thenumber of employees, tax contributions, level of cross-border trade andsuccessful implementation of contracts.
Theyalso suggested the reduction of administrative processes, red tape andcosts by improving cross-border trading, tariffs and power access forenterprises.
The workshop was organised as partof the GIG project, which aims to promote trade and investment, enhancethe private sector, strengthen law enforcement, improve management ofpublic finances, and foster wide participation in socio-economicdevelopment.
The Government’s latest businessresolution, introduced in March last year, calls for the implementationof three strategic measures: improving institutions, developinginfrastructure and raising the quality of human resources. Restructuringthe economy and changing the growth model are also important long-termgoals.
The Government has committed toreforming administrative procedures this year and has pledged to ensuretransparency and increased accountability from state agencies. By theend of 2015 it hopes that Vietnam has achieved the average keyperformance indicators set by several members of the Association ofSoutheast Asian Nations.-VNA
