On November 16, the Central Institute for Economic Management (CIEM), with the support of the Aus4Reform, organised the workshop to release the report “Condition business lines and business conditions in the field of industry and trade: Reform requirements and recommendations” at its headquarters in Hanoi.

The report focuses on reviewing, evaluating, and analysing five conditional investment and business lines in industry and trade, including petroleum and gas trading, food, rice export, and e-commerce.

According to the report, the prime minister made great efforts to improve the business investment environment by promulgating Resolution No.02/NQ-CP on continuing the implementation of major tasks and solutions to improve the business environment and the national competitiveness in 2021 and Resolution No.68/NQ-CP on promulgating a programme for cutting and simplifying business regulations during 2020-2025. Thereby, these policies supported businesses to reduce costs and time in production and business activities.

The Ministry of Industry and Trade has proactively reviewed and drastically reduced business conditions, especially 205 business conditions were reduced and simplified in Decree No.17/2020/ND-CP.

Puleston Aedan, second secretary at the Australian Embassy said, “This topic is so important after the very challenging years of 2020 and 2021. We appreciate the government's timely assistance programmes to support the business community, such as the reduction of credit interest and taxation.”

Aeden continued, “Besides this, the simplification of business conditions is also a measure without expensive cost, but can bring about enormous favours to enterprises.”

According to Aedan, during the implementation of CIEM’s survey, one of the well-known Australian investors in Vietnam, SunRice, was approached by the research team, providing an interesting opportunity to raise voices from not only domestic enterprises, but also foreign-invested entities.