The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market.

Changes in these laws make it easier for market entry and create favorable conditions for enterprises doing businesses, which is expected to facilitate more investment and business activities in Vietnam.

The release of these figures is a key step in promoting transparency and publicity of Vietnam’s state budget.

This is the seventh consecutive year that the finance ministry publishes the report on state budget estimates, which the ministry considers an important practice to promote transparency and publicity of Vietnam’s state budget.

The portal would put more pressure on government agencies in ensuring efficiency of public services, said a senior World Bank official.

E-government is an inevitable trend and a right direction towards a prosperous Vietnam, stated Prime Minister Nguyen Xuan Phuc.

Hanoi would continue to improve the business environment for greater competitiveness, with a focus on IT application and transparency to reduce costs and time for businesses.

There is a long road to go for government agencies to fully comply with transparency requirement in the Law on State Budget, said an expert.

The portal would help speed up administrative procedures, and ensure transparency, accuracy, efficiency and convenience for all parties involved.