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Resolution improves business climate and competitiveness in 2017

VGP – The Government has issued Resolution No. 19-2017/NQ-CP dated February 6, 2017 on the continuous implementation of key tasks and solutions to improve the business climate and enhance the national competitiveness in 2017, with an orientation towards 2020.

February 07, 2017 2:49 PM GMT+7

IIlustration photo

Accordingly, Viet Nam will at least meet the average level of ASEAN-4 countries in terms of targets on the business climate by the end of 2017, breaking into the top 70 nations in the target of “starting business”, the top 80 in the target of “protecting minority investors” and the top 30 countries in “enhancing transparency and access to credit” (according to the World Bank’s approach). Regarding the target of “facilitating access to loans” (according to the World Economic Forum’s approach), Viet Nam strives to make the top 40 nations in the world by 2020.

Besides, the processing time of procedures will be reduced by no more than 168 hours per year for tax and social security payment (119 hours for tax and 49 hours for social security) and no more than 120 days for granting construction licenses and related procedures.

The resolution sets the goal of reaching the average points of ASEAN-4 countries concerning target groups on competitiveness (according to the World Economic Forum’s assessment) and meeting the average level of ASEAN-5 nations with regards to innovation indicators (according to the World Intellectual Property Organization’s assessment) by 2020.

In terms of implementing e-government (according to the United Nations’ approach), Viet Nam will comprehensively renovate three indicator groups, including telecommunication infrastructure (TII), human resources (HCI) and online public services (OSI), towards the 80th ranking in the world by 2017, and the average points of ASEAN-5 countries and the minimum 70th ranking in the world by 2020.

Under the resolution, by 2017, most of the popular public services relating to a number of people and businesses will be provided at the level 3, while the procedures of paying fees, receiving dossiers and returning results will be performed online (Level 4 public service).

                                                                                                                                        By Vien Nhu