As one of the most promising emerging markets in Southeast Asia, Vietnam has attracted a large influx of foreign investment in recent years. With its stable economic growth, young and large labor market, and geographical advantages, Vietnam has become the focus of global investors. Especially against the backdrop of international supply chain reorganization and industrial relocation, more and more companies are choosing to set up production bases or conduct business in Vietnam. In addition, the Vietnamese government has also actively implemented a series of reform measures to further open up the market and attract foreign investment into its rapidly developing manufacturing, technology and service industries. For foreign-funded enterprises, Vietnam not only represents a broad market prospect, but also an important part of the global layout.
However, Vietnam’s policy environment is complex and ever-changing. When foreign-funded enterprises enter this market, they must pay great attention to the impact of policies on their operations and investments. From preferential tax policies, investment incentives, to regulatory compliance requirements, policy changes in Vietnam directly determine whether foreign-funded enterprises can successfully conduct business and achieve sustainable growth. Uncertainty and frequent changes in policies often bring huge challenges to foreign-funded enterprises. In particular, enterprises that lack local policy understanding and response strategies may face legal risks, rising operating costs and other issues. Therefore, in-depth interpretation of Vietnam’s policy changes and forward-looking analysis are crucial for companies to formulate effective market entry strategies.
In order to help foreign-invested enterprises better cope with the complexity of Vietnam’s policy environment, it is particularly important to regularly update policy analysis reports. This can not only provide enterprises with the latest policy information and interpretation, but also help them adjust strategies in a timely manner, avoid risks, and seize opportunities. By constantly tracking and analyzing the latest policy developments in Vietnam, foreign-invested enterprises can better adapt to the local market environment and achieve long-term and stable development.
Overview of Vietnam’s policy environment
As a rapidly developing economy in Southeast Asia, Vietnam’s economic growth has always maintained strong momentum. Since the implementation of the “Reform and Opening Up” policy (Đổi Mới) in 1986, Vietnam’s economy has experienced a profound transformation from a planned economy to a market economy. Currently, Vietnam has become one of the countries with the fastest economic growth in the world, with average annual GDP growth often reaching between 6% and 7%. The Vietnamese government is committed to economic diversification, promoting the development of manufacturing, service industries and high-tech industries, while vigorously promoting infrastructure construction and human resources development. This series of policy measures has effectively improved Vietnam’s competitiveness in the global supply chain, making it a popular destination for foreign investment.
In terms of policy trends, the Vietnamese government continues to implement market-oriented reforms and actively integrates into the global economic system. This includes signing free trade agreements (FTAs) with many countries, such as the Vietnam-EU Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to further open markets, reduce tariffs, and improve trade facilitation sex. The government also encourages foreign investment to enter emerging industries, such as the green economy, digital economy and high value-added manufacturing, to promote sustainable economic growth.
Foreign investment plays a vital role in Vietnam’s economy. Foreign capital not only brings a large amount of investment funds to Vietnam, but also promotes the transfer of technology and the introduction of management experience. Foreign-funded enterprises have played an active role in creating job opportunities, promoting economic structure upgrades and improving product quality. Especially in the manufacturing and export fields, the contribution of foreign-funded enterprises is particularly significant. They not only enhance Vietnam’s international competitiveness, but also provide more cooperation opportunities and market channels for local enterprise.
Characteristics of Vietnam’s policy making
The policy-making process in Vietnam is influenced by multiple actors, including government departments, industry associations, and business representatives. Policy development is often led by government ministries, particularly key ministries such as the Ministry of Economic Planning, the Ministry of Finance and the National Bank. When formulating policies, government departments will comprehensively consider the national economic development strategy, the international economic situation, and social needs. At the same time, the Vietnamese government attaches great importance to the opinions of industry associations and enterprises, and listens to feedback from all parties through consultations and hearings to ensure the comprehensiveness and operability of the policy. In the policy formulation process, the role of industry associations cannot be ignored. They play an important role in promoting policy reforms and formulating industry standards, helping the government understand the actual needs and challenges of the industry.
The stability and variability of Vietnam’s policies are factors that foreign-invested enterprises need to focus on. Overall, the Vietnamese government is committed to maintaining policy continuity and stability to enhance investor confidence. However, as the economic situation changes and the international environment fluctuates, policy adjustments and reforms are still the norm. For example, in response to global economic uncertainty and internal economic pressure, the government may launch new economic stimulus policies or make policy adjustments. Although this policy change provides new opportunities for foreign-invested enterprises, it also brings adaptation and compliance challenges. Enterprises need to pay close attention to policy trends and adjust strategies in a timely manner to cope with policy uncertainty.
In general, Vietnam’s policy environment is highly dynamic and complex, posing challenges to the operations and strategic planning of foreign-invested enterprises. Understanding and adapting to this policy environment is the key to successful entry and steady development of enterprises.
Recent major policy updates in Vietnam
In the latest economic policy adjustments, the Vietnamese government has implemented a series of measures aimed at promoting economic growth and attracting foreign investment. In 2024, Vietnam introduced new tax policies, including tax exemptions for small and micro enterprises and tax incentives for foreign-invested enterprises, especially in the fields of high-tech and green economy. In addition, foreign exchange management policies have also undergone adjustments, with the government relaxing foreign exchange controls to encourage capital inflows and support international trade. These policy changes are aimed at improving Vietnam’s investment attractiveness and promoting economic opening and liberalization.
Economic liberalization and reform trends are at the core of Vietnam’s policies. In recent years, the Vietnamese government has actively promoted market-oriented reforms, reduced administrative approval processes, simplified investment procedures, and improved transparency. This includes amendments in the Investment Law and the Enterprise Law, with the aim of further lowering market entry barriers and enhancing the operational flexibility of foreign-invested enterprises. The government has also introduced industry-specific incentive policies, such as technological innovation and green projects, to promote high-quality economic development.
Legal and Regulatory Policies
Vietnam’s business regulations, labor laws and environmental protection policies have also undergone important adjustments in 2024. The latest revision of the Enterprise Law has increased corporate governance requirements and strengthened supervision of corporate information disclosure to improve corporate transparency and compliance. Updates to labor laws include raising minimum wages and strengthening supervision of labor conditions. These changes are intended to improve workers’ rights and interests, but they may also increase business operating costs.
In terms of environmental protection policies, Vietnam has strengthened the supervision of corporate environmental impacts and requires all large-scale investment projects to conduct environmental impact assessments before approval. New environmental regulations also set stricter pollution emission standards, especially in the manufacturing and energy sectors. These policy changes impose higher standards on compliance requirements for foreign-invested enterprises, while also creating potential challenges, such as increased compliance costs and the complexity of adjusting production processes.
Trade policy
Vietnam’s latest developments in trade policy include the signing of multiple free trade agreements and bilateral agreements. These agreements not only expand market access opportunities for Vietnam but also lower trade barriers. For example, the Vietnam-European Union Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provide foreign-invested enterprises with more preferential tariff treatment and market access conditions, and promote cooperation with major trading partners. economic cooperation.
In terms of import tariffs and export restrictions, the Vietnamese government has recently adjusted some policies to respond to changes in the international market. Import tariffs on certain key raw materials and high-tech products have been reduced to support the development of related industries. At the same time, in order to protect local industries, Vietnam has also implemented new restrictive measures on some export products. These policy changes will affect the cost structure and market strategies of foreign-funded enterprises, especially in import and export business and supply chain management.
Industrial policy
The Vietnamese government’s industrial policy focuses on supporting high-tech, manufacturing and green economic sectors. For high-tech industries, the government has launched a new round of incentive policies, including R&D subsidies, tax exemptions and technology transfer support. These policies aim to attract investment from global technology companies and innovative enterprises and promote technological progress and industrial upgrading.
In terms of manufacturing, the government continues to promote the modernization of manufacturing, especially in the fields of smart manufacturing and automation. Policies include providing financial support for equipment investment and technological transformation of manufacturing companies, as well as simplifying the approval process for production licenses.
Green economic policy has also been an important direction in recent years. The Vietnamese government encourages companies to adopt environmentally friendly technologies and sustainable production methods, and provides green financing and subsidies to support environmentally friendly projects. These policies not only help promote sustainable economic development, but also provide new market opportunities and investment directions for foreign-funded enterprises.
To sum up, Vietnam’s recent policy updates have demonstrated the government’s determination to promote economic reform, improve market openness, and protect the environment in many areas. These policy adjustments not only provide more opportunities for foreign-invested enterprises, but also bring new challenges. Enterprises need to pay close attention to these policy changes and adjust strategies in a timely manner to remain competitive in the rapidly changing market environment.
Analysis of the impact of policies on foreign-funded enterprises
Impact on foreign-invested enterprises of different sizes
For large multinational companies, policy updates in Vietnam usually bring greater strategic opportunities. These companies often have strong resources and capabilities, can quickly adapt to policy changes, and use policy dividends to expand the market. For example, the latest tax incentives and foreign exchange management policies may reduce its operating costs and increase profit margins. Especially in the fields of high-tech and green economy, multinational companies can take advantage of the incentives provided by the Vietnamese government to promote technology investment and green production, thereby improving their competitiveness in the global market. However, large enterprises also face challenges brought about by policy adjustments, such as increased regulatory requirements and the impact of policy uncertainty, which may affect their long-term strategic planning and operational efficiency.
Compared with large multinational companies, small and medium-sized enterprises may face more challenges in responding to policy changes. These companies often have limited resources and find it difficult to quickly adjust their strategies to accommodate policy updates. Tax breaks and investment incentives are more helpful to small and medium-sized enterprises, but they may encounter difficulties in the application and compliance process. In addition, policy uncertainty and regulatory complexity may increase operational risks for SMEs. For example, strict requirements of environmental protection policies may cause small and medium-sized enterprises to invest additional funds for compliance adjustments, thus affecting their financial status and operational stability. Therefore, small and medium-sized enterprises need to track policy dynamics more closely and seek professional consultation to better utilize policy dividends while avoiding potential risks.
Industry Impact Analysis
In the manufacturing field, the Vietnamese government’s policy updates have an important impact on foreign-invested enterprises. Tax incentives and investment incentives help reduce production costs and attract more manufacturing investment. Policy support for equipment investment and technological transformation can promote the modernization and automation of the manufacturing industry, thereby improving production efficiency and product quality. In addition, the strengthening of environmental protection regulations has also prompted manufacturing companies to adopt more environmentally friendly technologies and materials in the production process. Although this may bring additional compliance costs, in the long run, it will help improve the market competitiveness of companies.
For the service industry, especially in areas such as financial services, education and medical care, Vietnam’s policy changes also have far-reaching impacts. Policy relaxation and market opening measures can bring more investment opportunities. For example, foreign banks and insurance companies may gain more market share through the new regulations. Foreign-funded enterprises in the service industry can improve service levels and expand markets through policy dividends. However, policy changes in the service industry may also trigger compliance challenges, such as emerging labor regulations and consumer protection policies that require foreign-invested enterprises to follow stricter standards when providing services.
The technology industry has benefited the most from Vietnam’s policy environment, especially government incentives for high-tech investment. Policies such as tax exemptions, R&D subsidies, and technology transfer support can effectively promote the innovation and development of technology companies. The Vietnamese government encourages foreign investment to enter the technology field, especially in emerging fields such as artificial intelligence, blockchain and digital economy. These policies provide technology companies with broad market space and resource support, but also bring policy adaptability challenges, such as changing technical standards and intellectual property protection requirements.
Vietnam’s agricultural policy mainly focuses on promoting modernization and improving production efficiency. The government’s investment incentive policies in the agricultural field help attract foreign investment into the fields of agricultural product processing and modern agricultural technology. Policy support can improve the technical level and product quality of agricultural production and promote the optimization of agricultural structure. However, policy changes in the agricultural field may also bring certain challenges. For example, strict requirements for environmental protection may increase the operating costs of enterprises and affect their market competitiveness.
Opportunities brought by policy changes
The latest policy adjustments provide abundant investment opportunities for foreign-funded enterprises. Tax benefits and investment incentives can reduce the cost of entering the market and increase return on investment. For example, policy support for high-tech and green economy can attract more foreign-invested enterprises to enter these fast-growing fields. In addition, the liberalization trend of policies and market opening measures provide foreign-invested enterprises with more market entry strategies, and they can expand the market by cooperating with local enterprises and setting up branches.
Foreign-funded enterprises can enhance their competitive advantages by making full use of policy dividends and preferential policies. Especially in terms of tax exemptions, R&D subsidies and financial support, companies should actively apply and rationally plan the use of funds to maximize the benefits brought by the policies. At the same time, understanding and mastering relevant policies and regulations can help companies reduce risks and improve success rates during the application process.
Potential risks and challenges
Policy uncertainty is a major challenge faced by foreign-funded enterprises operating in Vietnam. Frequent policy adjustments and regulatory changes may lead to instability in corporate strategic planning and resource allocation. For example, policy changes may affect a company’s investment return expectations and operating costs, thereby negatively affecting the company’s financial position and long-term development strategy. Foreign-funded enterprises need to establish an effective policy monitoring mechanism and promptly adjust response strategies to reduce risks caused by policy changes.
The complexity of regulations and implementation differences in Vietnam are also risks that foreign-invested enterprises need to focus on. Although the government is committed to simplifying policies and improving transparency, in practice, there may be differences in the implementation of regulations, especially among local governments and different departments in terms of implementation standards and intensity. This complexity and enforcement differences can cause companies to encounter difficulties in the compliance process, increasing operational costs and legal risks. Therefore, foreign-invested enterprises need to pay close attention to the actual implementation of regulations and seek professional legal and compliance consultation to ensure smooth operations in a complex regulatory environment.
Vietnam’s policy changes have a broad and far-reaching impact on foreign-invested enterprises. By in-depth analyzing the impact of policies on companies of different sizes and industries, and identifying potential opportunities and challenges, companies can better formulate market entry strategies and risk management measures to achieve long-term success and stability.
Suggestions on coping strategies
To quickly adapt to new policies and ensure compliance , foreign-invested enterprises need to establish an efficient internal policy response mechanism when facing policy changes. First, a dedicated policy research team should be established to track and analyze the latest policy trends and assess their specific impact on enterprises. Secondly, enterprises should conduct regular internal audits and compliance assessments to ensure that after the implementation of new policies, the company’s operations and financial activities comply with new regulatory requirements. In addition, companies should update and optimize their operating manuals and compliance processes to ensure that all departments can quickly adapt to new policies and comply with relevant regulations during implementation. Establishing a comprehensive training mechanism to improve employees’ policy sensitivity and compliance awareness is also an important step to ensure a smooth transition.
Establishing effective channels of communication with the government is crucial for foreign-invested enterprises. Enterprises should take the initiative to establish contact with relevant government departments to understand the implementation details of the policy and future policy trends. Regularly participating in policy conferences, industry symposiums and other forms of communication activities organized by the government can help companies obtain policy information in a timely manner and put forward their own opinions and suggestions. Companies can also hire professional legal advisors or policy analysts to assist in interactions with government departments to ensure that their voices can be heard during the policy formulation and implementation process and provide useful feedback for policy adjustments.
Risk management
Faced with policy uncertainty, foreign-funded enterprises need to formulate flexible business strategies to quickly respond to possible policy changes. This includes building diversified business models that reduce reliance on a single market or policy. Enterprises can respond to policy changes by adjusting business structures, optimizing operational processes, and developing new markets. In addition, enterprises should establish an emergency response mechanism and formulate detailed risk management plans so that when policies change, they can quickly take measures to ensure business continuity and stability.
In order to spread risks, companies can develop diversified investment portfolio strategies. This includes arranging layouts in different industries, regions and investment areas to reduce the impact of policy changes on a single business. Enterprises can also take risk hedging measures, such as using financial derivatives to manage exchange rate and interest rate risks, or covering specific risks through insurance mechanisms. In addition, companies should conduct regular risk assessments and reviews of management strategies to ensure that their investment portfolios and hedging measures can effectively respond to potential risks arising from policy changes.
Collaboration with local partners
Collaboration with local partners can significantly enhance the policy adaptability of foreign-invested enterprises. By establishing cooperative relationships with local enterprises, foreign-invested enterprises can gain a deeper understanding of the policy environment and regulatory requirements of the local market. Local partners usually have a more direct understanding of local government policy implementation and actual operations, which helps foreign-invested enterprises adapt to policy changes more quickly. In addition, local partners can provide market information, resource support and business networks to help foreign-funded enterprises quickly adjust strategies and optimize operations under the new policies.
There are many advantages to working with local businesses. First, local companies are familiar with the market environment and policy dynamics and can provide valuable market insights and policy suggestions to foreign-funded companies. Secondly, through local cooperation, resources can be shared and operating costs reduced, such as by leveraging the supply chain and distribution network of local enterprises. However, collaboration also presents potential challenges, such as cultural differences, inconsistencies in management styles, and issues with partner reliability. To cope with these challenges, foreign-funded enterprises should conduct strict due diligence when selecting partners and establish clear cooperation agreements and management mechanisms to ensure the smooth development of cooperative relationships and the achievement of expected goals.
Foreign-funded enterprises need to adopt flexible and comprehensive strategies when responding to policy changes, including establishing effective compliance mechanisms, optimizing risk management measures, and enhancing collaboration with local partners. Through these strategies, companies can better adapt to policy changes, reduce risks, and achieve sustainable development and business growth.
Case study
Cases of foreign-invested enterprises that successfully responded to policy changes
When foreign-invested enterprises face policy changes, they can successfully seize opportunities through keen policy interpretation. Take Samsung Electronics ‘ success in the Vietnamese market as an example. The company has demonstrated excellent adaptability to policy changes. The Vietnamese government has vigorously promoted the development of manufacturing and high-tech industries in recent years and provided many policy incentives to foreign-invested enterprises, such as tax exemptions and investment subsidies. Samsung Electronics tracks and analyzes these policy trends in real time through a specially established policy research department, and quickly adjusts its investment strategy. For example, Samsung has increased R&D investment in high-tech fields encouraged by policies and established a new production base in Vietnam, making full use of the financial support and technology subsidies provided by the government. This forward-looking policy interpretation enables Samsung to quickly seize market opportunities and enhance its competitive position in the Vietnamese market.
Specific response strategies and results : Samsung Electronics’ response strategy includes several key steps. First, the company established a comprehensive team of policy analysts, legal advisors, and local business experts to monitor and analyze policy dynamics. This team can promptly identify opportunities and risks brought about by policy changes and make corresponding strategic recommendations. Secondly, Samsung Electronics actively communicates with the Vietnamese government and local institutions to seek policy support. The company has participated in multiple government-sponsored industry seminars and policy consultation meetings to ensure that its business needs and opinions are heard by the government. In specific implementation, Samsung has adjusted its production lines to comply with new environmental regulations and optimized its supply chain to reduce costs. Ultimately, these strategies enabled Samsung to significantly increase its market share in a short period of time, not only consolidating its leading position in the Vietnamese market but also laying the foundation for the company’s growth in the global market.
Cases of companies affected by insufficient policy responses
If foreign-invested enterprises fail to effectively respond to policy changes, they may face serious market challenges. Nissan ‘s experience in Vietnam is a cautionary tale. Nissan has invested heavily in capital when entering the Vietnamese market and looks to gain market share by expanding production and sales. However, as the Vietnamese government adjusted environmental standards and tax policies, Nissan failed to adjust its product design and production processes in a timely manner to comply with the new policy requirements. Especially as environmental regulations become increasingly stringent, Nissan’s traditional models face compliance issues while failing to take advantage of tax incentives provided by the government to optimize their cost structure. These factors have led to Nissan’s competitiveness in the market declining and sales performance not meeting expectations.
How to avoid similar problems : Nissan’s case highlights the importance of timely policy responses. First, foreign-funded enterprises should establish a sound policy monitoring and response mechanism to ensure that policy changes can be quickly identified and business strategies adjusted. This includes setting up a dedicated policy analysis department to conduct regular market and policy risk assessments. Secondly, companies should establish good communication channels with local governments and industry associations to obtain first-hand policy information and implementation details. In actual operations, companies should flexibly adjust their products and services to comply with new regulatory requirements and actively apply for relevant policy support and subsidies. In addition, companies should conduct a comprehensive legal compliance review to ensure that no critical requirements are missed during the policy adjustment process. Through these measures, enterprises can better respond to policy changes and reduce risks caused by policy incompatibility, thereby achieving business stability and growth.
Through the above case analysis, we can see that companies that successfully respond to policy changes usually have the ability to respond quickly and flexibly, and can effectively use policy dividends to enhance market competitiveness. Companies affected by insufficient policy responses often face problems such as declining market share and financial pressure. These success and failure cases provide other foreign-funded enterprises with valuable experience and lessons, helping them to develop more scientific and flexible response strategies in the ever-changing policy environment, thereby achieving long-term business stability and growth.
Outlook and future policy trends
Possible directions for future policy
With the changes in the global economic situation and Vietnam’s own development needs, the Vietnamese government’s policy direction is tending to further deepen economic reforms and promote high-quality growth. It is expected that in the future, the Vietnamese government will continue to strengthen its attractiveness to foreign investment while promoting industrial upgrading and structural adjustment. Especially in the fields of smart manufacturing, digital economy and green technology, the government may introduce more supportive policies, such as providing additional tax incentives, R&D subsidies and infrastructure investment. These policy tendencies aim to promote high-quality economic development and improve Vietnam’s position in the global supply chain. In addition, the Vietnamese government may further simplify the administrative approval process and optimize the business environment to improve the investment convenience for foreign-invested enterprises.
Economic transformation and green development will have a profound impact on foreign-invested enterprises. Vietnam is committed to transforming from traditional manufacturing to high value-added and technology-intensive industries, and the government encourages foreign-funded enterprises to invest in high-tech and environmental protection fields. Especially as global attention to environmental protection increases, Vietnam is also strengthening green development policies, such as promoting the application of renewable energy, green buildings and low-carbon technologies. If foreign-funded enterprises can deploy in these areas, they will be able to take advantage of policy dividends and gain competitive advantages in the new market environment. At the same time, enterprises also need to deal with new challenges brought by green development, such as compliance requirements of environmental protection regulations and the application costs of green technologies.
Response plans for foreign-invested enterprises
In order to cope with future policy changes, foreign-funded enterprises need to formulate and implement forward-looking layout strategies. First, companies should take policy trends into consideration in strategic planning, predict the potential impact of government policies, and formulate corresponding adjustment plans. For example, companies can seize market opportunities by setting up R&D centers or production bases to enter high-tech and green fields encouraged by the government in advance. Secondly, companies should strengthen communication with policymakers, obtain early information about policy changes, and promptly adjust business strategies based on policy trends. This forward-looking layout can not only help companies seize policy dividends, but also quickly make strategic adjustments and reduce potential risks when policy changes occur.
Continuously monitoring policy dynamics is an important step for foreign-funded enterprises to respond to future policy changes. Enterprises need to establish a systematic policy monitoring mechanism to regularly track and analyze government policy trends and implementation details. This includes setting up a dedicated policy research team to use data analysis tools to predict the trends and impacts of policy changes. In addition, companies should also participate in the activities of industry associations, chambers of commerce and other organizations to obtain more policy information and industry insights. Through this kind of continuous monitoring and analysis, enterprises can promptly identify potential policy risks and opportunities and adjust strategies to adapt to the changing policy environment, thereby achieving long-term business stability and growth .
Policies not only directly affect the investment decisions and business operations of enterprises, but also have a profound impact on the market environment and competition pattern. Through in-depth policy analysis, companies can identify and understand the opportunities and challenges brought about by policy changes, and develop more scientific and flexible strategies to gain advantages in the fiercely competitive market. Effective policy analysis helps companies avoid potential legal and compliance risks, optimize resource allocation, improve market response speed, and ultimately achieve sustainable business growth.
Enterprises need to continue to pay attention to policy changes and adjust their strategies in a timely manner according to the latest policy trends. Dynamic changes in the policy environment require companies to be highly sensitive and forward-looking to ensure that they can quickly respond to the impact of policy adjustments. Enterprises should establish a systematic policy monitoring mechanism, conduct regular policy evaluations, and adjust strategies and operational plans based on market trends and their own business conditions. Through this dynamic adjustment, enterprises can better adapt to policy changes, reduce risks, seize new opportunities brought by policies, and achieve steady business development.
Regularly updated policy reports are of great value. Regularly publishing and updating policy analysis reports can provide enterprises with the latest policy information and in-depth analysis, and help enterprises maintain a comprehensive understanding of the policy environment. Reports can not only provide reference for corporate strategic decisions, but also provide timely information support to corporate management and relevant departments. Through systematic report updates, companies can continue to obtain forward-looking insights into policy changes and make more accurate decisions, thereby remaining competitive in the ever-changing market environment. Overall, regular updates of policy reports are an important guarantee for a company’s long-term success and continued business growth.
