The country’s investment climate had witnessed significant improvements following three years of macroeconomic instability, Minister of Planning and Investment Bui Quang Vinh told the mid-term Vietnam Business Forum 2015 held on June 9 in Hanoi.
PM Nguyen Tan Dung addresses the mid-term Vietnam Business Forum 2015 themed “Enhancing Enterprise Competitiveness for Global Integration” __Photo: Duc Tam/VNA
The forum would help boost the international integration of Vietnam, especially at the time of signing and acceding to new free trade agreements, Vinh said.
Themed “Enhancing Enterprise Competitiveness for Global Integration,” the forum focused on the solutions and measures to develop the private economic sector and make it more competitive for the global supply chain.
The local business community had recognized the Government’s efforts to provide a better legal environment, said Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc.
However, he pointed out the lack of transparency in access to legal documents of governmental agencies and the weaknesses in legal institutions protecting lawful rights and interests of businesses.
Addressing the forum, Prime Minister Nguyen Tan Dung said more work needed to be done determinedly to ensure the rapid and sustainable socio-economic development of Vietnam.
Dung said the Government would do more to stabilize the macroeconomy by controlling exchange rates, inflation, budget overspending, and trade deficit.
The Government would also commit to improving the business and investment climate as well as raising enterprises’ competitiveness, the Government leader said.-