Taking stock

Abstract

The report examines economic developments in Vietnam in 2018, including its strong trade performance, increased FDI inflows, and public debt stabilization, among others. It also includes a special section on the government’s efforts to reduce trade costs and enhance competitiveness. A four-pillar integrated program on trade facilitation and logistics, is outlined. It includes : 1) Promoting trade facilitation by simplifying customs and specialized management regulations; (2) Enhancing efficiency of trade-related infrastructure and the quality of connectivity; (3) Building a competitive logistics service sector; and, (4) Strengthening interagency coordination and partnership with the private sector. It is intended to reduce non-tariff costs, thereby further boosting export-led growth, improving the business environment, and enhancing competitiveness.