Party leader urges better investment environment with 30% less business costs
Van Hieu -
(VOVWORLD) -What must be done right now is to improve the business investment environment, cut at least 30% of business costs and administrative procedures and abolish at least 30% of unnecessary business conditions, so that Vietnam's investment environment will rank third in Southeast Asia in the next two to three years, said Party leader To Lam.
 Party General Secretary To Lam speaking at the meeting. Photo: VOV
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Chairing a working session with the Party Central Committee’s Policy and Strategy Commission on Monday, the General Secretary said that in order for Vietnam's economy to achieve the growth target of 8% or more and a double-digit growth rate, it requires the involvement of the entire political system and of all economic sectors and the people.
He stressed the need to boldly apply digital transformation, innovation, and specific financial mechanisms; continue to propose a separate legal framework for special economic zones in some large cities; and preferences in resolving trade disputes.
The Party chief called for policies on land and real estate to promote urban areas as the driving force for national growth; a national digital map of planning and land prices; open financial policies for financial centers and international financial organizations to invest in Vietnam; and a tax-free and tax-reduced port model to attract foreign investment to best support foreign investors.
At the meeting, General Secretary Lam also requested the Policy and Strategy Commission to fully absorb the opinions of economists to continue researching and proposing solutions to manage digital currencies, in the spirit of adopting a realistic mechanism to protect investors and consumers.
Van Hieu