According to the report, among the most significant trends were landmark institutional reforms driven by strategic resolutions issued by the Politburo, a renewed legislative mindset reflected in the adoption of 89 laws, and administrative reforms, particularly in the development of a digital government.
VCCI President Ho Sy Hung said these changes reflect a clear shift in governance thinking, from “management” to “facilitation”, helping to foster innovation and unlock development resources.
Mr. Hung said: “According to our nationwide business survey, nearly 90% of enterprises said that online administrative procedures are easier to complete and help save time and costs compared with traditional methods. Processing times have been shortened, transparency has improved, and access to public services has become significantly more convenient. These are encouraging results that reflect the spirit of partnership between the State and the business community.”
The report underscored the need to reduce compliance costs, improve the quality of legislation, enhance policy stability, feasibility, and predictability, and ensure meaningful participation of businesses in the lawmaking process in order to make Vietnam one of ASEAN’s leading destinations for investment and business.
Now in its 9th edition, VCCI’s Annual Business Law Flow Report highlights major developments in Vietnam’s business legal framework and investment environment from the perspective of the business community.
