Economists say measures to improve the business climate and support businesses continue to be implemented. In particular, the Government last year requested a slash of 20% of business-related regulations.

Despite the improvements, Vu Tien Loc, VCCI’s Chairman, says more should be done on administrative procedures and transparency.

“We have made it easier for small and medium-sized enterprises to enter the market. But there remain lots of obstacles for major enterprises to invest in areas that require a large investment and much time to recoup the investment,” said Loc.