(VOVworld) – The mid-term Vietnam Business Forum opened in Hanoi on Tuesday to discuss improving business competitiveness in the context of Vietnam’s signing of a number of free trade agreements.

In his address, Prime Minister Nguyen Tan Dung said that the Vietnamese government will take coordinated measures to improve the business environment and improve Vietnam’s economic competitiveness. It will strengthen the management of the macro economy to ensure sustainable growth and keep inflation under 5% this year and in coming years. Prime Minister Dung said that the government will remove obstacles to domestic and foreign businesses in the areas of industry, agriculture, and services towards achieving a GDP growth rate of 6.2%.


Vietnam will continue to restructure its economy and step up the equitization of state-owned enterprises as well as restructure its banking system and financial institutions to increase effectiveness and transparency. Vietnam will seriously implement signed free trade agreements and complete negotiations of 14 FTA with 55 partners, including 15 member states of the G20. The government leader stressed the implementation of 3 strategic breakthroughs to reform the market economy institution, mobilize resources for infrastructure development, and improve human resource development to increase productivity. He said that Vietnam is determined to achieve its targets on tax and customs reforms and business startups to be on a par with and even surpass other ASEAN nations this year or next.