“Flow of business law in 2021”, a report of the Vietnam Chamber of Commerce and Industry, shows that hundreds of circulars that guide the implementation of laws are issued each year. The quality and transparency of the documents are in question.

The draft revised Decree 107/2018/ND-CP on rice export has worried local rice exporters as business conditions that had been previously removed may return.

While the Vietnamese economy remains one of the better performers globally, there are significant headwinds that could prevent a return to the stellar growth rates seen pre-pandemic in the near-term at least.

The Vietnamese government’s Resolution 68 that aims to reduce business regulations by 20% and at least 20% of costs is seen as the Government’s third wave of reform.

The Ministry of Industry and Trade (MOIT) decision on removing 675 business conditions and licenses has been described as a ‘historic decision’. However, experts think it doesn’t have much significance.

Half of total business and investment necessary preconditions have been eliminated under a Ministry of Industry and Trade (MOIT) decision, praised as a historic move that aims to create favorable conditions for businesses.

 VietNamNet Bridge – A number of Government decrees were issued on July 1 to abolish a slew of business conditions in line with the Government’s promises to make life easier for enterprises and improve the business environment.

 VietNamNet Bridge – The Government has shown a strong determination to trim business conditions in a bid to prop up startups and support businesses to become a pivotal driving force for the nation’s growth.