Nguyen Xuan Phuc, Politburo member, Minister, and Head of the Government Office chaired a meeting in Hanoi on May 25 to iron out snags in the development of the East-West economic corridor.
The project on East-West economic corridor cooperation was approved at the eighth Ministerial Conference on Subregional Economic Cooperation (GMS) in 1998. A lot of work has been done to help reduce cumbersome administrative formalities, improve the business environment and promote investment and economic cooperation.
However, there are still some snags in the organisation of the East-West economic corridor. Participants proposed setting up an inter-governmental committee to speed up infrastructure construction.