Viet Nam needs a comprehensive competition policy to ensure fair competition in the market economy, said Nguyen Dinh Cung, director general of the Central Institute for Economic Management (CIEM).

VietNamNet Bridge - Although the GDP growth rate is high and the inflation rate is low, both people and businesses are facing difficulties, economists say.

Though Vietnam’s ranking in the World Bank’s Doing Business 2016 report is up, the pace of its business climate improvement remains slower than in other regional countries.

VietNamNet Bridge - Organizations that supervise the implementation of the government’s Resolution No 19 on improving the business environment said that heads of ministries and branches had disobeyed the government’s request.

VietNamNet Bridge - Vietnamese now have to spend 21.4 percent of their total monthly living expenses, according to Numbeo, the database on living costs.

 VietNamNet Bridge – Local and foreign experts have projected Vietnam could face high socio-economic risks by 2035 while other countries in Eastern Asia may have made breakthroughs.

VietNamNet Bridge - Economic institutions have in the last month have repeatedly warned about the low productivity rate in Vietnam compared with other regional countries.

The business climate in Viet Nam suffered from many inadequacies and shortcomings that hindered development and global integration of Vietnam-ese businesses, said Nguyen Dinh Cung, director of the Central Institute for Economic Management (CIEM).

VietNamNet Bridge - The turmoil in the Chinese stock market has raised concerns about the possible cooling down of the Chinese economy, which could influence the world’s economy, including Vietnam.

Nguyen Dinh Cung, president of the Central Institute for Economic Management, talked to local reporters about the transfers of operation rights to airports and seaports on the sidelines of the institute’s recent workshop in Hanoi.

 VietNamNet Bridge – Although economic restructuring has been recognised as a vital task, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts.

VietNamNet Bridge - Ministries and branches are tending to be more abusive in their power when setting up numerous business conditions, thus severely distorting the Vietnamese business environment, experts have said.

 There are currently opportunities for Vietnam to embrace stronger reforms to fuel economic growth; otherwise, the country will have to wait 10 more years to do it, economic experts said at a recent seminar in Hanoi.

VietNamNet Bridge – Up to 42% of people in rural areas say they are unhappy with current living conditions, largely due to low income, according to a survey conducted by the Central Institute for Economic Management.

 VietNamNet Bridge – A lot of enterprises, which were over head and ears in debts, have unexpectedly announced they have escaped from the debt burden worth trillions of dong.

VietNamNet Bridge – Local experts during a meeting on Wednesday said that the transfer of ailing State-owned enterprises to other sound SOEs will only see problems of the enterprises spreading widely instead of giving the firms proper therapy.

 VietNamNet Bridge – The Government needs to adjust many of its roles and functions if wanting to achieve a healthier socioeconomic development, experts recommended at a conference held in Hanoi on Thursday.

VietNamNet Bridge – Economic growth has been lower than expected since Viet Nam joined the World Trade Organisation (WTO) in 2006.