Hanoi – safe investment destination post Covid-19
In 2020, Hanoi targets to attract over US$5 billion in FDI, while investment promotion activities would focus on new markets, particularly member countries of the CPTPP and the EVFTA.
In 2020, Hanoi targets to attract over US$5 billion in FDI, while investment promotion activities would focus on new markets, particularly member countries of the CPTPP and the EVFTA.
Hanoi would continue to improve the business environment for greater competitiveness, with a focus on IT application and transparency to reduce costs and time for businesses.
Vietnam could achieve its ambition of becoming a high-income country in 2045 by adapting its development strategy toward higher efficiency, just like Cristiano Ronaldo did with his game at the age of 35.
The event, themed “Hanoi 2020 – Investment and Development Cooperation”, will take place at the National Convention Center on June 27.
Business conditions should be for the sake of public interests, not for government agencies to fulfill their state management responsibilities, said an expert.
Any process that is deemed cumbersome for enterprises must be changed, said Minister of the Government Office Mai Tien Dung.
The government remains steadfast in removing obsolete regulations that restrict business operations, while preventing the introduction of new regulations implying higher costs for enterprises.
Delay in administrative reform is proving to be a bottleneck for economic development, said Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc.
The progress of reform in the labor market remains slow, in some cases, new laws are causing difficulties for enterprises, instead of simplifying business conditions, said an expert.
The public capital must be allocated based on market principles, said an expert.