Reform

More cities/provinces are now focusing on the quality and effectiveness of policy implementation, instead of issuing new ones.

The Government leader urged localities and agencies to fulfill their commitments to push for administrative reform and address difficulties from businesses.

Vietnam’s labor force is projected to contract by almost one percent per annum over the next three decades, creating headwinds to sustaining high economic growth rates.

A flexible approach in managing the twin goal helped the country keep the economy intact in the most complicated Covid-19 outbreak yet.

Over the years, the local government has been pushing for drastic reforms and putting the people and enterprises at the center of its services.

In addition to better harness the effective containment of the Covid-19 pandemic, Hanoi aims to accelerate the economic restructuring process for a strong economic rebound this year.

Budget revenue, however, remains short of VND100 trillion (US$4.31 billion) to meet the year’s target with one month to go.

Not only does the Vietnamese government provide supporting packages for the business community, it has also given priority to reforming administrative procedures for greater convenience for the public.

Covid-19 could act as a catalyst for Vietnam to speed up the digital transformation it has already embarked upon.

The EVFTA is the EU’s “vote of confidence” of Vietnam's ongoing reform efforts, as well as the country’s strategic significance in the global stage, stated a EuroCham senior executive.