Vietnam Seeks Investment Boost With Wave of Industry Opening
ByVietnam is betting that the most significant easing of business regulation in 25 years and an accelerated sale of state-owned firms’ shares will revive a flagging investment outlook.
The government on July 1 will reduce to six from 51 the number of areas in which firms are prohibited from operating, including production of fireworks and genetically-modified products. It will also loosen regulation in more than 100 other areas in what will be the biggest overhaul of business rules in the economy since private firms were allowed in Vietnam in 1990.
“We aim to trigger an investment wave from both local and foreign investors,” Planning and Investment Minister Bui Quang Vinh said in an interview in Hanoi June 18. The revised laws on investment and enterprises “will make huge changes to significantly improve our business environment and create strong momentum for growth,” he said…
Vietnam Seeks Investment Boost With Wave of Industry Opening
