The private sector is projected to be the main driver in achieving Vietnam's ambitious economic growth target of over 10 percent per year for the 2026-2030 period. However, experts and industry players emphasize that this target will be difficult to realize without substantial simplification of regulations on the ground.
Dr. Nguyen Si Dung, former Deputy Head of the National Assembly Office, highlighted the effectiveness of ongoing reforms. According to him, although the number of conditional business sectors has been significantly reduced—from 227 to 142 sectors—businesses are still grappling with a "legal vacuum" due to delays in guiding regulations and inconsistent interpretations by local authorities.
Similar criticism came from industry associations. A VASEP representative likened current reforms to only scratching the surface, while fundamental burdens such as skyrocketing logistics costs due to global conflicts and the complexity of specialized inspections still weigh heavily on exporters. Meanwhile, in the property sector, the gap between government policy and technical implementation at the local level remains a major obstacle for developers.
Responding to this, Phan Duc Hieu from the National Assembly's Economic and Financial Committee stated the need for a paradigm shift. Future legal regulations are expected to not merely focus on strict management, but to be more constructive and facilitate business development. The government is committed to conducting more substantive supervision to ensure that every new rule is truly capable of cutting the operational time and costs of business players.
