Good legal environment makes differences in competitiveness: Expert
Empirical data in Vietnam proved institutional reform have direct impacts on economic growth.
Empirical data in Vietnam proved institutional reform have direct impacts on economic growth.
Business conditions should be for the sake of public interests, not for government agencies to fulfill their state management responsibilities, said an expert.
Whether Vietnam could take advantage of the CPTPP would depend on the country’s institutional capabilities and local enterprises' adaptability.
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 rights of doing business have mainly been in the area of “what”, while “how” and “how much”, among others, still have much to be discussed, said an expert.
From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.