DO NhaT hOaNg

In recent times, Vietnam has maintained positive growth amid a global recession. The inflation rate has remained stable at 3.25 per cent, well below the 4 per cent target.

Moreover, Vietnam’s trade balance deserves attention. Last year, Vietnam achieved a trade surplus ratio of 28 per cent, up from 12.5 per cent the previous year. The country also attracted a total registered foreign direct investment of $36.6 billion in 2023, up over a 32 per cent on-year.

With its continued investment in Vietnam, Taiwan now ranks fourth among markets investing in the country. This result reflects Vietnam’s significant efforts in improving the investment environment. According to international organisations, Vietnam’s investment environment currently leads in Asia and ranks second globally.

To fulfil commitments and ensure investors’ rights, as well as maintain competitiveness in the

investment landscape, Vietnam is implementing various measures. Land allocation for projects is crucial among them. Additionally, Vietnam is actively preparing a high-quality workforce and developing infrastructure to support investment ventures.

Reducing complex admin procedures is essential for preparing the necessary conditions for business operations. At the central level, task forces under the guidance of the prime minister have the responsibility to clarify and streamline procedures.

At the local level, responsible agencies such as planning departments, industrial park management boards, or permanent offices must accept and promote the necessary changes.

Another crucial aspect is information dissemination and issue resolution. Ensuring that information reaches the highest provincial leaders enables them to make effective decisions and address issues. This is a departure from the past, when businesses often struggled to communicate with the leadership.