According to the U.S. Department of the Treasury’s semiannual report, released in November 2024, Vietnam was named in the Monitoring List along with China, Japan, South Korea, Taiwan (China), Singapore, and Germany.
At the 8th GMS Cooperation Summit opened in Kunming (China) on November 7, PM Pham Minh Chinh highlighted the corridor which would connect different stakeholders and sectors, with a focus on assisting the member countries to fix deficiencies in regulatory framework and technological/innovation capabilities.
Favorable visa policies, tourism promotion programs, and prestigious tourism awards helping the country to become increasingly attractive to international visitors.
The business community has witnessed positive policy shifts from regulatory bodies, with the government actively addressing outdated regulations and streamlining administrative procedures.