Dr. Nguyen Dinh Cung
President, Central Institute for Economic Management
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Support to policy oriented activities and institutional
reforms :
◦ To reduce risks, costs and increase business autonomy of
enterprises, especially private enterprises;
◦ To enable markets to work better and more competitively,
especially factor markets. To enable the market to play a
decisive role in reallocating resources.
◦ To develop and restructure the value chains, especially the
value chain of agricultural products in which Vietnam has
comparative advantages such as rice, fish ….
◦ Support and improve the quality of SEPD 2016-2020.
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Institutional reforms and business environment improvement
◦ Drafting and enforcing the Law on Enterprise (revised) and the Law on
Investment (revised);
 Ongoing streamlining and reducing market barriers, removing 4
administrative procedures; it is expected that the Doing Business ranking of
Vietnam will be raised from 109 to 60;
 Significant reducing regulatory and trade risks and compliance costs ; it is
expected that enterprises will have more autonomy to conduct business in
all sectors that are not prohibited by law.
 Improving the corporate governance framework
 Improving the efficiency of regulations to protect investors, it is expected to
raise the ranking of Vietnam in Doing business from 157 to 52.
 v.v.v…
It is expected that these activities will be a breakthrough in institutional
reforms and business environment improvement in Vietnam.
◦ Support to the enforcement of the Law on Enterprise (revised) and the
Law on Investment (revised)
◦ Collect, review and identify the list of prohibited business sectors.
The list should be clear, transparent. It should be incorporated in the
law;
◦ Collect, review and assess all conditional business sectors in order to
make them more reasonable and transparent. After the
Government removes a number of conditional business sectors, the
remaining will be submitted to the National Assembly Standing
Committee for approval.
It is expected that enterprise will have the business
autonomy in all business sectors that are not prohibited ; at
the same time reducing the risks and compliance costs of
enterprises .

Identifying the market distortions caused by SOEs and their
impacts on the business environment, resource
reallocation and solutions to improve the fixed budget
mechanism to SOEs
◦ Collect, analyse and assess market distortions caused by SOEs and
their impacts to business environment and resource reallocation;
propose solutions to improve the fixed budget mechanism of SOEs;
◦ Improve the efficiency of corporate governance of SOEs;
◦ Study and propose to set up an independent agency of SOEs;
develop the decree on organization and functions of State
ownership
◦ V.v…..

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Support to high level discussion on macro-economic
management: quarterly reports on macro-economic
situations in Vietnam for high level policy
discussion/dialogues. It is expected that this output
will contribute to sustaining macro-economic stability
and supporting economic restructuring.
Monitoring and evaluating the progress of the Master
Plan on economic restructuring: semi-annual report on
economic restructuring .