A Business Matching progrmme that connects agricultural enterprises which need technologies and tech startups was introduced in HCM City yesterday at a special event. 

The government has decided to establish a board for private economic development research (IV Board).

The Government has had many policies encouraging the development of the private sector. But the sector continues to face many Government-created hurdles, including regulations and required licences and certificates.

Prime Minister Nguyễn Xuân Phúc has demanded that all corresponding government departments, agencies and institutions to adjust policies as part of an “action-minded” government, to unburden Vietnamese firms of unnecessary business regulations, namely redundant business permits and categorisation.

The private sector should be encouraged to do what it does well. This is the right way for Việt Nam to follow in transforming the economic structure and encouraging innovation to exploit its potential.