The recent Resolution highlights a fresh, unified approach to enhancing the investment and business landscape. It’s all about streamlining policies, improving legal frameworks, and embracing digital solutions. The goal is to create fair and transparent access to resources and opportunities while fostering innovative and sustainable practices in the digital, green, and circular economies.
A major shift is needed in how laws are created, moving from mere management to genuine facilitation and development. Citizens and businesses should be at the heart of public services. This means better legal drafting, revising outdated regulations, and encouraging investment in key sectors. Protecting business rights and promoting innovation are also top priorities.
To tackle issues of corruption and inefficiency, the government is set to push forward with administrative reforms. This includes decentralization, increased transparency, and accountability. Instead of pre-inspections, they will focus on post-inspections based on clear standards, making it easier to monitor and evaluate processes.
In terms of goals, Vietnam aims to significantly enhance its business environment by aligning with both local needs and global trends. By 2026, the country targets improving its standing in various international indices. For instance, it wants to reach the top 50 in the UN Sustainable Development Goals index and improve its rankings in the Global Innovation Index and the Logistics Performance Index.
Domestically, the government aspires to elevate its indicators, such as the Provincial Competitiveness Index, and boost the satisfaction rate for public administrative services. They expect a 15-20% increase in businesses entering the market by 2025.
To meet these ambitious targets and work towards a developed, high-income Vietnam by 2045, four focus areas have been identified. These include implementing party resolutions on science and technology, enhancing local government operations, ensuring accountability, and removing legal barriers to support innovation.
A recent survey found that 75% of businesses in Vietnam believe government reforms are essential for their growth. This reflects a strong desire for improvement and a supportive environment for entrepreneurship.
For more insights on Vietnam’s economic reforms, you can check the World Bank report on Vietnam’s business environment.
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VN moves to improve business climate, boost competitiveness in 2026
