Most Favored Nation import tax rates are to be reduced under a proposal from the Ministry of Finance as Vietnam seeks to enhance its trading environment.
Greenhouse gas emission quotas are to be allocated to the 150 largest emitting enterprises in certain sectors under a draft decree recently reviewed by a high-level meeting.
Vietnam will face a number of hurdles as it strives to post double-digit growth in the years ahead, including low public investment efficiency, global trade tensions, and capital misallocation in key sectors.
Vietnam needs to fully address the shortcomings in its economy as it pursues higher growth, with the Party General Secretary calling for a new, groundbreaking resolution on private sector development.
Vietnam Economic Times / VnEconomy sought insights from educators and businesses on the need for institutional reforms and a more favorable business environment to help domestic enterprises drive breakthrough growth to ensure the country meets its GDP growth target of 8 per cent or higher in 2025 and double-digit growth beyond.
Mr. Le Chi Phuc, CEO of SGI Capital, tells Vietnam Economic Times / VnEconomy’s Phan Linh how institutional reform can maximize the potential of the private sector and drive sustainable growth opportunities for Vietnam over the next decade.