Over the past time, Vietnam's business and investment environment has made a positive and strong improvement, which is highly appreciated by domestic and foreign businesses. Although the Covid-19 pandemic has slowed the reform momentum to some extent, Vietnam has always been considered an attractive investment destination with a vibrant economy and always high growth rate in the world. gender. Therefore, more than ever, the business community is looking forward to making more efforts in institutional reform to have a favorable and safe business environment and reduce unnecessary costs, especially when all The economy is in the recovery and breakthrough phase.

Efforts to improve the business and investment environment not only help Vietnam increase opportunities to attract investment, but also improve the competitiveness of enterprises and the whole economy in the new normal, recovery and economic conditions. social economic development. This is considered the driving force and the "key" for growth in 2022 and the coming years.

Lots of positive signals

Determining that improving the business environment, enhancing competitiveness, promoting innovation and moving towards sustainable development is a reform focus, an important and regular task. Therefore, every year the Government has issued resolutions on improving the business environment and enhancing national competitiveness: Resolution No. 19/NQ-CP (from 2014-2018) and Resolution 02/NQ -CP (from 2019-2022). With that determination, Vietnam's investment and business environment has achieved quite positive results, not only reflected in the participation of ministries, branches and localities, but also reflected in the following indicators: Okay. Accordingly, the criteria for assessing Vietnam's business environment have been continuously improved such as: Competitiveness 4.0 (of the World Economic Forum-WEF) ranked 67/141 in 2019, up 10 places compared to the previous year. with 2018 (in 2022, 2021 are not assessed due to the Covid-19 epidemic); Innovation (of the World Intellectual Property Organization-WIPO) ranked 44/132; E-Government (of the United Nations) ranked 86th in 2020, up 2 places compared to 2018 (published every two years); Sustainable development (of the United Nations) holds the position 51/165 in 2021, up 37 places compared to 2016,...

According to the Vietnam Federation of Trade and Industry (VCCI), in the period 2017-2019, the Government issued 40 documents on improving the business environment; by 2019, cutting more than 50% of business conditions as reported by ministries and sectors. Along with that, many indicators of the business environment have been positively improved, the number of conditional investment and business lines has been reduced, from 267 occupations in 2014 to 243 occupations in 2016. and further reduced to 227 occupations by 2020,... This is considered a bright spot in the reform of the business environment over the past time. And statistics from the National Business Registration Portal also show that, since the beginning of the year, there have been more than 62,000 newly established enterprises and returned to operation (up 38.2% compared to the same period last year). period of the previous year), increased in all sectors. In particular, with businesses in the fields most affected by the Covid-19 epidemic, such as accommodation and catering services, increased by 170.6%. Besides, in the first two months of the year, FDI realized in Vietnam was estimated at US$2.68 billion (up 7.2% over the same period last year). The above positive signals reflect the initiative and adaptive capacity of the business community as well as the flexible and decisive management of the Government and the Prime Minister in economic activities in recent years.

Recently, at the Vietnam Business Forum (VBF), President of the European Chamber of Commerce in Vietnam (EuroCham) Alain Cany said that more than 1,200 EuroCham members all gave optimistic signals, believing in the state of affairs. Vietnam's "new normal", as demonstrated by the EuroCham Doing Business Index (BCI), has increased from 42 points to 61 points in January 2022. When the Covid-19 epidemic is gradually under control, the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect and the Investment Protection Agreement (EVIPA) is soon implemented, Vietnam will have the opportunity to attract foreign investors. wave of foreign direct investment from European countries.