Nguyen Dinh Cung, CIEM’s director, announced at a recent seminar to implement the Government’s Resolution No.19-2018/NQ-CP on improving the business environment and increasing national competitiveness.
Many business conditions in exports and imports were removed
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Many ministries have so far accelerated the removal of cumbersome administrative procedures and business conditions to ease enterprises.
The Ministry of Industry and Trade, for example, has removed 675 out of the 1,216 business and investment conditions under its management. This accounts for 55.5 per cent of the total business conditions that were applicable. The change covers eight sectors, including petrol and gas, cigarettes, electricity, commercial franchising, e-commerce, chemicals, industrial explosives, and food.
The Ministry of Transport has also eliminated 384 out of 570 business conditions under the ministry’s authority. The number was equivalent to 67.36 percent of the total business conditions in the transport sector.
The Ministry of Finance is also considering removing and simplifying 188 business conditions under its authority before June 30 this year. The number accounts for 50.8 percent of the total business conditions regulated for 21 industries and sectors under the ministry’s authority.
The Ministry of Agriculture and Rural Development (MARD) said they were also reviewing and proposing to cut 241 business conditions out of 345, accounting for 70 percent of the total in the area.
According to MARD, 131 conditions of veterinary, animal feed, plant protection and quarantine, quality control, and genetically modified products will be revised, supplemented or eliminated in the administrative simplification. In addition, many business conditions in the Law on Seafood would continue to be revised and simplified.
Thanks to the improvement, Vietnam was ranked 55th among 137 economies in the World Economic Forum’s global competitiveness list in 2017, up five places from the previous year (60th out of the 138 economies).
The Southeast Asian country moved up 14 places to rank 69th among 190 economies in the World Bank’s Doing Business 2018 report themed “Reforming to Create Jobs”. In the previous report of the bank, Vietnam jumped nine places to rank 82nd in 190 economies.
Vietnam also climbed 12 places to rank 47th among 127 economies in the Global Innovation Index 2017 published by the World Intellectual Property Organization, the US-based Cornell University and INSEAD business school.
According to experts, these are the highest rankings that Vietnam has achieved so far.
The Vietnamese Government is also working out more measures to further improve the business environment for the country to jump 8-18 steps from the current 68th place in the World Bank’s Doing Business Rankings.
By 2020, the quality of business climate in Vietnam is expected to reach the equal level of ASEAN-4 nations, including Singapore, Malaysia, Thailand and the Philippines.
To promote the accomplishments, CIEM’s Cung called on ministries and localities to keep a close watch on the implementation of the resolution to increase the business environment and growth quality. He also emphasized the importance of improving the legal environment.
Dau Anh Tuan, head of the Legal Department under the Vietnam Chamber of Commerce and Industry, said it is necessary to strictly follow criteria on business environment assessment of the World Bank, competitiveness of the World Economic Forum, and innovation of the World Intellectual Property Organization.
