Gov't determines to exceed ASEAN-6, keep up with ASEAN-4

The Government has issued a Resolution on key tasks and measures to improve the business environment and the national competitiveness capacity in the 2015-2016 phase.

Accordingly, measures will be taken to better the business environment, accelerate administrative procedures, ensure the transparency and responsibility of the State administrative agencies and reform the regulations on business conditions on commodities, exports and imports to be suitable with the international rules.

Economic restructuring enhanced

Ministries, agencies and localities will launch synchronously and effectively the Government's programs and projects to implement the Party's and National Assembly's Resolutions, especially strategic breakthroughs to restructure the economy and renew the growth model.

Accordingly, the Government asks to focus on measures to complete the market economy mechanism synchronously, increase the capacity, effectiveness and competitiveness of products, enterprises and the economy, boost the agricultural restructuring, develop competitive industries of high added value such as science and technology and other advantageous services such as finance, banking, insurance and telecommunications as well as facilitating the private sector's growth and the establishment of large corporations.

The ASEAN-6 includes six nations of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.  The ASEAN-4 comprises of four nations including Singapore, Malaysia, Thailand and the Philippines.