Gov’t commits to business development

Deputy PM Vuong Dinh Hue (standing) at a meeting with ministries and agencies in preparation for the second conference between PM Nguyen Xuan Phuc and the Vietnamese business community, Ha Noi, February 9, 2017 - Photo: VGP/Thanh Chung

Mr. Hue made the point on February 9 while presiding over a meeting with ministries and agencies in preparation for the second conference between PM Nguyen Xuan Phuc and the Vietnamese business community which was scheduled at the end of March in Ha Noi.

The upcoming conference expects to uphold the role of business force which generates over 90% of national budget collection.

The conference is among the Government’s four most important events for 2017. The three others are the one on shrimp production held early this week, the others on development of material sources for the pharmaceutical industry and on reviewing five years of implementing the 2012 Law on Cooperatives.

Earlier, the Government released Resolution 35/ND-CP on on supporting and developing enterprises by 2020 and Resolution 19/ND-CP on improving the nation’s business environment and competitiveness in 2017 with orientations towards 2020.

The Viet Nam Chamber of Commerce and Industry (VCCI) assessed that 75% of enterprises responded that the group of measures on business equality and trade facilitation was positive. Up to 60% of respondents gave positive feedback for local authorities.

The first conference between the PM and the Vietnamese business community was held in April last year under the motto "Vietnamese enterprises - the country’s economic development force". The event looked to realize the PM’s message that the Government would create favorable conditions for startups and boost the development of enterprises in terms of both quantity and quality.

Addressing the conference, Deputy PM Hue assigned the Ministry of Finance to assess business performance; implementation of the single-window mechanism, simplification of 73 administrative procedures, stock market development, and assistance for commercial banks.

The Ministry of Planning and Investment was assigned to report on business development indexes in 2017.

The Ministry of Agriculture and Rural Development was asked to enable investors to develop agriculture and rural areas and suggest specific policies to pilot land use market and land assembling.

The Ministry of Labor, Invalids, and Social Affairs was asked to develop the labor market.

Finally, the Ministry of Science and Technology was urged to build business start-up ecosystem and boost the scientific and technological market.