At the 2013 Vietnam Business Forum (VBF) held in Hanoi on Tuesday, Deputy Prime Minister Hoang Trung Hai reiterated Vietnam’s commitment to speed up administrative reforms to facilitate business activities. The forum, under the theme “New Phase of Economic Reform: From Agenda to Action”, was jointly organized by the Ministry of Planning and Investment, World Bank (WB), and VBF Consortium consisting of 15 foreign associations and chambers of commerce in the country. At the event, participants discussed various issues related to customs and tax policy, capital markets, education and training, and infrastructure development. Deputy PM Hai told the forum that the Vietnamese Government will go ahead with its commitment although the reform process was slow recently due to internal difficulties and the impact of the global economic slowdown. Hai said Vietnam’s ministries and other agencies are speeding up administrative reforms in tax, customs, capital access, land and natural resource use, business establishment and dissolution, and regulatory procedures. A complete system should be set up to receive citizen petitions and take action against any officials abusing their position, the deputy PM said. He also stressed that Vietnam is fine-tuning government institutions and the legal system, restructuring the economy, renovating growth models, and improving the quality of human resources to attain sustainable development. Many foreign delegates at the forum shared the same opinion that the Vietnamese Government has significantly improved the country’s investment environment. They expressed their expectations that further reforms will be carried out in the near future.
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