Hanoi to host ASEAN Business and Investment Summit 2020 in November
The summit targets to contribute to the sustainable development of ASEAN and help the region overcome difficulties caused by the current Covid-19 crisis.
The summit targets to contribute to the sustainable development of ASEAN and help the region overcome difficulties caused by the current Covid-19 crisis.
For this year, 24 out of 63 provinces/cities have fully disclosed information on their respective budgets, scoring 75 points and more, while in 2018, only six provinces did so.
The majority of business conditions still allow state agencies to interfere deeply in enterprises’ rights to freedom of doing business, said an expert.
The implementation of the National Single Window helps save costs for enterprises for almost all procedures compared to the previous traditional approach.
Hanoi is determined to be the pioneer among Vietnam’s localities in rebooting the economy in the post pandemic period.
In the Provincial Competitiveness Index (PCI) report 2019, Hanoi’s ranking remained unchanged at ninth, but its score climbed from 65.4 to 68.8.
The quality of state management and administrative procedures are the top concerns of the business community, not only the progress of cutting red tape, said an expert.
A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.
The PM asks authorized agencies to immediately launch programs aiding businesses to overcome hardships.
Hanoi has remained firm in the top 10 business-friendly localities in Vietnam while other provinces and cities are pushing hard to stay competitive in the eyes of the business community.