Under a draft resolution to be presented at the meeting, priority will be given to further improving the business and investment environment and maintaining a high economic growth rate in terms of quality and efficiency.

To this end, the Government will assign specific tasks to ministries and sectors. The State Bank of Vietnam will accelerate the restructuring of commercial banks, while the Ministry of Science and Technology will provide a mechanism for encouraging the organisation of equipment and technology fairs and building technology centres in key economic zones, especially in Hanoi, Ho Chi Minh City and Da Nang.

The Ministry of Finance will allow enterprises of all economic sectors to operate public services through bidding, sign contracts and reduce the State’s economic monopolies.

The Ministry of Trade will devise policies to control business monopoly, curb speculation and ensure healthy competition in commercial activities. 

The Ministry of Post and Telematics will continue to slash and keep fees on par with regional levels.

The Ministry of Planning and Investment has been assigned to revise policies to create a milestone in attracting foreign investment capital, particularly from multinational groups. It will consider expanding the list of areas such as trade, transport, credit, insurance, telecommunication, advertising and personnel training to attract foreign businesses.