Publication:
Improving Business Regulations to Support Productivity Growth in Viet Nam

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-12-16T21:50:55Z
dc.date.available2024-12-16T21:50:55Z
dc.date.issued2024-12-16
dc.description.abstractTo achieve high-income status by 2045, Vietnam must accelerate regulatory reforms to boost productivity. Vietnam’s stellar economic success story over the last 30 years relied on export-oriented foreign direct investment (FDI), but reaching high-income status requires accelerating productivity growth. Firm-level analysis points to misallocation as a critical constraint to productivity growth in Viet Nam. Regulatory reforms can create favorable conditions for reallocating resources from less productive firms to more productive ones. They can also reduce costs, lower business risks, and promote firms’ investment and productivity growth. Finally, they can encourage entry of new domestic and foreign firms, especially innovative, tech-based, green, and high-productivity firms, and exit of low-productivity ones as part of a creative destruction process. This report assesses the implementation progress at the mid-term of Viet Nam’s program to reform business regulations between 2020-2025, governed by Resolution 68/NQ-CP of May 12, 2020. The report identifies areas for improvement to achieve its objectives in the short term and shares policy recommendations on how to continue developing the regulatory environment conducive to business dynamism and productivity growth in Viet Nam in the medium term.en
dc.identifierhttp://documents.worldbank.org/curated/en/099120624015536085/P5006761ded172dc1e6fb140d31aa2913be4b8fd08e5
dc.identifier.doi10.1596/42546
dc.identifier.urihttps://hdl.handle.net/10986/42546
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectREGULATORY REFORMS
dc.subjectBUSINESS REGULATIONS REFORMS
dc.subjectDECENT WORK
dc.titleImproving Business Regulations to Support Productivity Growth in Viet Namen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2024-12-16
okr.date.lastmodified2024-12-06T00:00:00Zen
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099120624015536085/P5006761ded172dc1e6fb140d31aa2913be4b8fd08e5
okr.guid099120624015536085
okr.identifier.docmidP500676-ded172dc-e6fb-40d3-aa29-3be4b8fd08e5
okr.identifier.externaldocumentum34432916
okr.identifier.internaldocumentum34432916
okr.identifier.report195398
okr.import.id6064
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099120624015536085/pdf/P5006761ded172dc1e6fb140d31aa2913be4b8fd08e5.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.topicAgriculture::Agribusiness
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEFI-EAP-FCI-Finance-1 (EEAF1)
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