More actions needed to boost reforms: businesses

11/21/2018 - 2:47:14 PM

Businesses expect to see quicker actions from state management agencies in the enforcement of the Government’s Resolutions No. 19 and 35 to boost reforms and promote business development.

The event reviews enforcement of the Government’s Resolutions No. 19 and 35 to boost reforms and promote business development. (Photo: CPV).

This need was highlighted at the launch event for the report on the implementation of the resolutions from the view of businesses, held by the Vietnam Chamber of Commerce and Industry (VCCI) on November 20 in Hanoi.

The VCCI survey, which was conducted on some 10,000 private firms, found that the companies saw significant improvements in the business climate in recent years. However, the level of improvement remained uneven across different sectors and localities.

VCCI Chairman Vu Tien Loc said the space for reforms remained large, adding more efforts were needed for the State management agencies and local authorities to boost efficiency and benefit enterprises.

Loc said the report would serve as a reference for the evaluation of the Government’s Resolution 19 about improving the business environment and national competitiveness and Resolution 35 about business development for the compilation of new resolutions.

According to Dau Anh Tuan, Head of VCCI’s Legal Department, surveyed businesses felt that starting a business and getting electricity were the two areas that saw the most improvements. However, trading across borders, protecting investors and resolving insolvency did not improve much.

It was necessary to have an independent organisation to evaluate the progress of deregulation and the level of transparency in applying business prerequisites, Tuan said.

Nguyen Dinh Cung, Director of the Central Institute for Economic Management, said an independent organisation to review the issuance of legal documents should be set up, which would play important role in improving the business climate.

Source: NDO

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