Minister of Justice Ha Hung Cuong ratified the three-year project worth US$11.7 million on April 27.

Deputy Minister of Justice Hoang The Lien said the project aims to boost economic cooperation between Vietnam and the US and help Vietnam speed up global economic integration to fulfil its commitments to multilateral treaties.

"The project also aims to improve Vietnam's business environment, making it more transparent and compatible with international standards and the World Trade Organization," Lien said.

The official added that Vietnam has tried its best to create a more competitive and sound climate for investors to grasp opportunities arising from trade liberalization.

VNS