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ECONOMIC POLICY
Better for business T pliance with regulations on the Law
he 2023 law building program was
implemented in full, ensuring com-
on the Promulgation of Legal Documents,
but there remains a need for further
Vietnam’s legal framework requires further review to ensure
improvements to Vietnam’s legal frame-
that all regulatory barriers on business activities are properly work given that businesses in different
simplified or fully removed. sectors continue to be beset by obstacles
By SONG HA in regard to legal issues, administrative
procedures, and business conditions.
Sixteen laws were issued by the National
Assembly last year and 99 decrees by the
government, while the Prime Minister
issued 33 decisions and relevant ministries
and sectors ten circulars, according to the
Business Law Flow Report 2023 released
recently by the Vietnam Chamber of Com-
merce and Industry (VCCI). The figures
are roughly equal to those in 2022.
12 Vietnam Economic Times May 15, 2024 en.vneconomy.vn
