Over the past time, Vietnam's investment and business environment have improved

positively and strongly, highly appreciated by domestic and foreign businesses. Although
the Covid-19 pandemic has slowed down the reform momentum to some extent, Vietnam
has always been considered an attractive investment destination with a vibrant economy
and always has a high growth rate in the world.
Efforts to improve the investment and business environment not only help Vietnam
increase opportunities to attract investment but also improve the competitiveness of
enterprises and the whole economy in the new normal, recovery, and socio-economic
development. This is considered the driving force and "key" to growth in 2022 and the
coming years.
1. First of all, there are many positive signals
 Every year, the Government has issued resolutions on improving the business
environment and improving national competitiveness.
The resolution aims to focus on achieving the general goals and specific goals in 2021 set
out in the Government's Resolution No. 02/NQ-CP dated on the first of January in 2019
on continuing to implement the main tasks and solutions to improve the business
environment, improve national competitiveness in 2019 and orientation to 2021.
 In recent years, the State has always focused on institutional reform. Many
reviews and reductions of business conditions and administrative procedures have
been conducted.
The quality of local economic management is well maintained.
 According to PCI 2019, the business environment in Vietnam has been strongly
improved, creating favorable conditions for business operations. The quality of
economic management of provinces and cities last year continued to maintain the
momentum of improvement. The average PCI score in 2019 reached 65.13 points,
the highest ever.
2. Besides, there is an open business environment, regional and global cooperation:
 The first one is WTO accession

This brings many advantages such as exports are not subject to quota restrictions, and
some markets are being discriminated against in terms of tariffs, which will bring import
taxes to normal levels, benefiting from the investment environment.

 Futhermore, TPP Agreement "Trans-Pacific Partnership".

The highlight of the TPP is the widespread liberalization of goods and the elimination of
import duties.
• Participated in 15 free trade agreements (FTAs) starting in 2003 and 2 FTAs under
negotiation.
• Another critical factor is foreign investment:
Vietnam saw a rise in the number of capital sources for foreign investment: In the first 10
months of 2022, Vietnam attracted more than 22 billion and 460 million USD.