Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Major tasks and solutions to improve business environment, national competitiveness in 2025
The Government has issued a Resolution on key tasks and solutions to improve business environment and enhance national competitiveness in 2025.
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The Resolution reiterates the Government ensures the right to freedom of business for individuals and enterprises in accordance with the 2013 Constitution.
It targets to timely establish and perfect institutional frameworks and policies to remove barriers, create a favorable, safe, and low-cost business environment, and promote private investment and public-private partnership.
The Government also encourages innovation activities, new business models, and flexible adaptation to development trends while improving the business environment by reducing compliance costs.
The Government will continue to step up decentralization, promote entrepreneurship spirit, encourage innovation and creativity, and support businesses to recover and develop, thus enhancing Viet Nam's position on the global rankings.
Major goals
The Government targets to turn Viet Nam into one of the top 50 countries in the United Nations (UN)'s Sustainable Development Goals (SDGs) index
Viet Nam is expected to jump at least one step on the World Intellectual Property Organization (WIPO)'s Global Innovation Index (GII); two steps on the United Nations E-Government Development Index; at least three steps on the International Property Rights Index (IPRI) of the Property Rights Alliance.
The Government also aims to improve the Logistics Performance Index (LPI) of the World Bank (WB) and the Travel & Tourism Development Index (TTDI) by at least four ranks.
The number of newly established enterprises and those resuming operations in 2025 is projected to increase by at least 10 percent compared to 2024 while the number of businesses temporarily suspending operations would reduce by 10 percent against the previous year.
In 2024, Viet Nam was ranked 54th out of 166 countries on the SDG index; 44th among the 133 economies on the GII 2024; 71st among 193 countries in the 2024 edition of the UN E-Government Survey; 43rd on the WB's Logistics Performance Index; and 59th among the 119 countries and territories on the Travel & Tourism Development Index./.
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