Over 1,000 administrative procedures, 3,893 out of 6,191 business conditions and 6,776 out of 9,926 categories of goods subject to specialized inspection have been simplified or removed in four years.

The municipal Taxation Department is determined to achieve the highest possible revenue target of VND260.4 trillion (US$11.23 billion) this year amid Covid-19 severe impacts.

The plans, estimated at VND402 billion (US$17.3 million), would give priority to supporting innovative and digital enterprises.

Hanoi would take this crisis as an opportunity to reshuffle economic activities and attract investment from multinationals, said a city leader.

The majority of business conditions still allow state agencies to interfere deeply in enterprises’ rights to freedom of doing business, said an expert.

The implementation of the National Single Window helps save costs for enterprises for almost all procedures compared to the previous traditional approach.

FDI to Hanoi continues to rise while global investment activities shrink due to the growing impacts of the Covid-19 pandemic.

Not only financial means, Vietnam has also provided medical equipment and expertise to help Laos in the fight against the pandemic, said the Lao ambassador to Vietnam.

While a number of supporting policies are in place, the effectiveness of some programs is not up to expectation, said Minister of Planning and Investment Nguyen Chi Dung.