Vietnam leverages on 2018 progress for future growth
2019 is a pivotal year to complete the 2016-2020 objectives. Prime Minister Nguyen Xuan Phuc has emphasized on short term progress’ significance, in particular this year’s Resolutions 01 and 02 social economic development, business climate improvement and national competitiveness.
The two resolutions took effect on the first day of 2019, reflecting the government’s determination to ensure quality breakthrough.
Deputy Prime Minister Vuong Dinh Hue said that Resolution 01 demonstrates disruptive improvement in terms of institutional and administrative reform.
He said, “The Resolution aims to create more practical transformation in strategic economic development through new growth model, innovation, advanced technological application and making full use of Industry 4.0.”
Head of the Central Institute of Economic Management, Nguyen Dinh Cung, says that Resolution 02 is based on 7 indication sets designed by international organizations with specific objectives by 2019 and 2021.
He noted, “Resolution 02 has used international rankings as benchmarks to measure progress and outputs in Vietnam’s business environment. It also recommends solutions to 4 priorities identified by the government, including removal and simplification of business conditions, less specialized inspection, for goods before customs clearance, cashless payment and level-4 public services. This will ensure more transparency in management and less chances for corruption.”
Besides the two resolutions, the government has asked ministers and heads of provincial People’s Committees, to promote creativeness and determination in their governance to address business difficulties.
Vietnam could leverage on its progress last year for future growth as the national economy has improved its resilience and global connectivity. Vietnam’s private economic sector has seen close ties with the world supply chain while the CPTTP coming into force is a good opportunity for market expansion.
Global financial capital flows are expected to come to ASEAN and Vietnam as attractive destinations. Vietnam needs to prepare well to grasp these opportunities by selective approach to welcome projects of advanced technology, environmentally friendly and close links with domestic enterprises to ensure rapid growth this year.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Latest News
Central Highlands needs to develop border gate economic zones for higher export
16:41 | 29/04/2024 Import-Export
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports
16:37 | 29/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
More News
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Your care
Central Highlands needs to develop border gate economic zones for higher export
16:41 | 29/04/2024 Import-Export
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports
16:37 | 29/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export