Topic: Business conditions

The move aimed at boosting economic growth.

The Government leader issuing a dispatch on key tasks and solutions to cut down administrative procedures, improve the business environment, and promote socio-economic development.

Government gives go-ahead to Ministry of Industry and Trade plan.

628 business regulations were simplified or cut in 2023.

According to a report from IHS Markit, the Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing industry reached 54 points in June, slightly down from 54.7 points in May but still showing that the health of the industry has significantly improved. Business conditions have been better for the past nine months. The report notes three “increases”: employment, output, and inflationary pressure.