Government issues new resolution on improving national competitiveness
The Government on January 1 issued a resolution setting targets for improving the business environment and national competitiveness for 2019 through to 2021. The resolution, No 02/NQ-CP, replaced Resolution 19 which has been implemented for five years. The renumbering of the resolution demonstrated the Government’s priority in fostering the quality of Vietnam’s business environment.
The objective of the resolution is to improve Vietnam’s positions in international rankings on business environment tracked by the World Bank (WB), World Economic Forum (WEF), World Intellectual Property Organisations (WIPO) and United Nations (UN). This has great importance given the rapid development of the Industry 4.0.