Vietnam attempts to improve business environment
(VOVworld) – Vietnam is earnestly honoring its commitments as a member of the World Trade Organization (WTO) and attempting to improve its business climate. The statement was made by Deputy Minister of Industry and Trade Tran Quoc Khanh, who led a Vietnamese delegation to a just-concluded 3-day Trade Policy Review (TPR) in Geneva.
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| Deputy Minister of Industry and Trade Tran Quoc Khanh talks wth WTO members at the revision. (Photo: VNA) |
This was the first such event Vietnam has attended as a WTO member. Khanh said that despite the global trade and financial slowdown, Vietnam is still pursuing its commitment to a multilateral trade system. He wished success to the 9th WTO Ministerial Conference to be held in December in Bali, Indonesia. Vietnam’s trade policies were reviewed in a report by the WTO Secretariat, highlighting the political and economic reforms that have changed Vietnam from a poor to a middle-income country, and from a central-planning to a market economy which is integrating into the world trade and investment system. A liberalized service industry, one of Vietnam’s economic spearheads, is an outcome of its WTO membership.