Expectations for growth momentum from reform

The objective is not only to maintain macroeconomic stability but also to build a transparent and enabling business environment, thereby removing bottlenecks, unlocking resources and laying the foundation for business development and sustainable economic growth.

More importantly, what enterprises expect is substantive and consistent support from the Government, ministries, sectors and localities throughout the entire process-from policy formulation to implementation.

In reality, a number of well-designed policies have encountered inconsistencies during implementation, leading to fragmented resources and outcomes falling short of expectations.

Overlapping regulations persist across multiple areas, including investment, land, construction, environment, and fire prevention and control. Instead of an effective “one-stop” mechanism, the existence of “multiple gateways” has forced many enterprises to navigate a procedural “maze” lacking coherence, along with other compliance requirements.

This situation not only reduces market flexibility but also increases costs and time, diminishes business opportunities and erodes business confidence.

Therefore, reviewing, systematising and harmonising legal regulations should become a central and consistent task throughout the new Government’s tenure, ensuring that each policy, once issued, can maximise its effectiveness.

In particular, institutional reform must be further strengthened while ensuring coherence, consistency and predictability within the legal system. An economy cannot operate efficiently if policies move ahead but implementation lags behind.

To fundamentally address bottlenecks and realise the target of double-digit growth in 2026 and beyond, the Government, ministries, sectors and localities should promptly review, amend and consolidate overlapping regulations under the principle of “one task–one focal point”; accelerate substantive administrative reform by cutting intermediary steps, standardising procedures and shifting from pre-inspection to post-inspection in order to reduce compliance costs; and enhance decentralisation and delegation of authority in tandem with clear inspection and supervision mechanisms and defined accountability, thereby overcoming delays and avoidance.

At the same time, the Government needs to expedite digital transformation in state management, develop a digital administration and ensure data connectivity among ministries, sectors and localities to effectively implement the electronic one-stop mechanism, enabling enterprises to access public services in a timely and transparent manner.

Regular and substantive dialogue channels between the Government, ministries, sectors, localities and the business community should be maintained to promptly identify and address emerging obstacles, ensuring that policies are effectively translated into practice.

A Government that delivers on its commitments must be measured by tangible outcomes and by changes that are clearly felt in practice, such as simplified procedures, reduced costs, time savings and expanded business opportunities. In that context, each policy decision will generate direct momentum for growth and contribute to building a transparent, stable and predictable business environment.