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Vietnamese Businesses Urge Bold Reforms to Accelerate Economic Growth at First Meeting with New Government

Economic

Hanoi, July 19, 2026 – The Europe Today: Representatives of Vietnam’s domestic and foreign business community have presented a series of proposals aimed at accelerating economic growth and improving the investment climate during their first meeting with the country’s new Government Standing Committee.

The meeting brought together senior government officials and business leaders to discuss practical measures for removing obstacles to investment, enhancing competitiveness, and achieving Vietnam’s ambitious economic growth targets.

Business representatives called for continued administrative reforms, greater policy transparency, faster licensing procedures, and improved access to financing. They also urged the government to create a more predictable legal framework, strengthen support for innovation, digital transformation, and green development, while reducing compliance costs for enterprises.

Foreign investors emphasized the importance of maintaining macroeconomic stability, developing high-quality infrastructure, improving workforce skills, and ensuring consistent implementation of investment policies to reinforce Vietnam’s attractiveness as a regional manufacturing and investment hub.

Addressing the meeting, Prime Minister Lê Minh Hưng reaffirmed the government’s commitment to fostering a transparent, efficient, and business-friendly environment. He outlined six key priorities focused on removing bottlenecks, strengthening institutional reforms, improving governance, and creating favorable conditions for businesses to achieve double-digit economic growth.

The discussions underscored the government’s intention to deepen public-private cooperation as Vietnam pursues sustainable economic development, higher productivity, and stronger international competitiveness. Business leaders expressed confidence that continued dialogue with the government would help unlock new growth opportunities and support the country’s long-term development objectives.