Motivation to improve the business environment

A favorable business investment environment will help businesses operate stably and develop, attract many new investors to enter the market, create more jobs, and contribute to the socio-economic development of the country. country as well as improve national competitiveness.

A corner of Hanoi capital. (Photo: Duy Linh)

Therefore, from 2014 to now, the Government has identified improving the business environment and enhancing national competitiveness as one of the economic policy focuses. This is evident in the Government's continuous issuance of Resolution 19/NQ-CP (period 2014-2018) and Resolution 02/NQ-CP (period 2019-2022) and most recently Resolution No. 01/NQ-CP 2023, requiring ministries, branches and local authorities to carry out many tasks and solutions to create a favorable business environment for enterprises.

According to the PCI Provincial Competitiveness Index 2021 report published by the Vietnam Confederation of Commerce and Industry (VCCI) in 2022, the Government's reform efforts over the past time have brought many benefits. Positive changes to the quality of the business environment in Vietnam through the perception of the business community.

In the period of 2017-2021, the field of "establishing a business" was positively evaluated by 76.8% of enterprises and had the greatest improvement in recent years; the proportion of enterprises paying informal expenses in 2021 decreased to 41.4%, compared with 44.9% in 2020 and the lowest level in the past 16 years (70% in 2006).

In the period of 2017-2021, the field of "establishing a business" was positively evaluated by 76.8% of enterprises and had the greatest improvement in recent years; the proportion of enterprises paying informal expenses in 2021 decreased to 41.4%, compared with 44.9% in 2020 and the lowest level in the past 16 years (70% in 2006).

The efficiency of administrative procedures is also increasingly improved when 87% of enterprises agree with the statement that "officers handle work effectively"; 83% of enterprises said that “officers are friendly”; 75% of businesses agree with the statement that "enterprises do not have to go back and forth many times to complete procedures".

In addition, the number of regulations and business conditions has also been significantly reduced. In 2022 alone, 1,041 business regulations have been reduced and simplified in 101 documents; nearly 4,400/6,502 administrative procedures to provide public services online, reaching more than 67%,...

However, according to many economic experts, the reform trend in the business investment environment is still very formal, the situation of "installing" business conditions in circulars issued by the ministerial level is still very difficult. more,...

There is a reduction in the list of business conditions, but mainly in the form of grouping names of industries or using industry names with a wider scope of regulation, to reduce the quantity. Land procedures are still very difficult, there are many contradictions and overlaps in legal regulations in the fields that make the business environment still have unfilled gaps, limiting the freedom to do business. of the enterprise.

Therefore, in order to "keep the fire" for the reform momentum, improve the business investment environment, and continue to maintain a faster and more sustainable GDP growth rate, the most important factor is to always create favorable conditions. for businesses to further improve their competitiveness, take advantage of economic growth opportunities, and attract investment after Covid-19.

To do this, functional ministries and branches need to focus on simplifying and creating transparency in administrative procedures, maintaining policy stability; overcome inadequacies caused by contradictions and overlaps in legal regulations; effectively carry out dialogue activities with businesses.

In particular, closely follow the index on Vietnam's business investment environment assessed by prestigious international organizations to identify gaps and problems and create pressure and motivation for improvement.

At the same time, it is necessary to mobilize the participation of the business community in policy development to create a new "wind" and consensus when putting the policy into practice. This is considered a new driving force and "key" to create a breakthrough for the business environment in 2023 and the coming years.