Dung underscored the importance of the amendments to boost the development of enterprises, attract capital and resources for production and trade, and improve the business environment.

“Vietnam will facilitate the establishment and registration of new businesses and reduce startup costs and time to boost Vietnam’s startup index at least 25 spots in the World Bank ranking. Vietnam will better protect the rights and legitimate interests of investors and shareholders, improve business governance to regional and global standards, and raise its protection of investors index at least 20 spots,” Dung said.

Meanwhile amendments to the Law on Investment will improve the investment climate, streamline administrative procedures, improve business governance, and protect shareholder benefits to boost the development of local enterprises and household businesses, according to National Assembly deputies. It will improve the transparency of investment activities abroad and regulate overseas investment.