Ensuring foundations of growth in the year ahead

The ministry’s contributions have been confirmed and lauded at the conference reviewing the operations in 2017 and defining tasks for 2018 held on January 15, 2018. Prime Minister Nguyen Xuan Phuc attended the conference. Remarkable achievements in 2017 In 2017, MPI institutionalised the strategies and policies of the Party and the government in three fields: reforming the growth model, restructuring the economy (Resolution No.27/NQ-CP), improving the business climate, promoting innovation and creation, and raising national competitiveness (Resolution No.19, 35, 98, 99/NQ-CP), and sustainable development (2030 Agenda for Sustainable Development). MPI has done its utmost to ensure the availability of resources for economic growth, build up an economic growth plan, forecast trends, develop Resolution No.01/NQ-CP, and publishing monthly socioeconomic reports, as well as carry out the Vietnam 2035 Report. The ministry has reformed its management and operations along the lines of introducing modern public investment management principles, injecting transparency into online bidding, and professionalising statistics and business registration. Additionally, the ministry also reformed the methods of formulating socioeconomic development and public investment plans and modified the ministerial organisation structure. MPI has formulated major laws such as the Law on Planning, Law on Supporting Small- and Medium-Sized Enterprises, Law on Special Economic Zones, and amended the Law on Public Investment. Regarding administrative reforms, MPI proposed removing unnecessary business conditions, simplifying administrative procedures, and reducing costs for firms. They all contributed to the record number of newly established business during the year. MPI led the project to formulate and establish a legal framework for the Committee on Management of State-Owned Capital…. [Read full story]

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