Drivers for economic growth promotedMonday, October 15,2018
AsemconnectVietnam - Vietnam’s economy in the last nine months has continued to grow. The Government, ministries, sectors and localities have focused on improving competitiveness, reforming institutions, promoting the private sector, and developing science and technology.
Institutional reform is considered the key to economic growth. Vietnam has strengthened administrative reforms, improved the investment environment, increased national competitiveness, and developed a responsive government.
Minister and Head of the Government Office Mai Tien Dung said "Vietnam has prioritized institution building. In its regular meetings, the government has discussed draft laws and decrees and worked closely with NA agencies to fine-tune legal documents. Laws concerning land, housing and the investment environment have been revised.”
Vietnam will continue to strengthen administrative reforms to be among the top ASEAN countries and meet criteria of OECD countries in term of the business environment.
Promoting the private sector
President of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said “Business barriers, ask-give mechanisms, and unfair competition are the major obstacles for the private sector. Removing these barriers and creating a transparent, fair environment will create the best ecology for private enterprises. The State’s incentives of reducing business fees and administrative procedures have helped the private sector.”
Fostering science and technology to take advantage of the 4th Industrial Revolution
The State has provided enterprises with capital to modernize their technology, increase production, and prepare for international integration.
Vietnam’s coffee exports jump to record high of 1.8 million tonnes
Stable growth predicted for steel consumption until year’s end
Vietnam dong, gold and interbank rates - Nov. 14
VN maintains tariffs on steel imports
Vietnam has opportunities to boost white-leg shrimp exports to EU
Vietnam’s exports likely to hit 239 billion USD this year
Vietnam taps opportunities to thrust exports to US
Over US$ 53.39 billion worth of goods imported from China in ten months
Vietnam in focus of ASEAN exports
Vietnam dong, gold and interbank rates - Nov. 13
Enormous potential for stronger Vietnam-Brazil trade links
Over US$140 million spent monthly on importing fruit and vegetables
VN-Index increases, driven by petroleum, securities stocks
Agriculture sector targets 3 pct annual growth by 2020