Meeting of prime minister and business community takes place today

Deputy Minister of Planning and Investment Vu Dai Thang chairing the press conference on the prime minister' meeting with the business community

About 1,000 delegates, who are leaders of the Party, National Assembly, ministries, localities, businesses, and international organisations, are attending the meeting.

The meeting is one of the primary activities of the government to accompany the business community and entrepreneurs, as well as bring Vietnamese businesses to a higher level in the regional and global value chain.

Prime Minister Nguyen Xuan Phuc and delegates will review the development of the business climate since the last meeting, including achievements and shortcomings, and recommend solutions to promote the effective and sustainable development of businesses.

At the meeting, government leaders will talk with representatives of the business community about solutions to ensure a safe and favourable business environment, policies, programmes, and actions to support businesses.

“In the process of renovation, the Party and the State have issued many guidelines and policies to encourage enterprises and the private sector to develop, creating favourable conditions and promoting promote the spirit of free business," Deputy Minister of Planning and Investment Vu Dai Thang said at the press conference on December 19, 2019.

The director of the MPI’s Department of Enterprise Development, Le Manh Hung, said that the startup spirit is rapidly increasing, as can be seen in the number of newly-registered businesses in the last five years.

As many as 126,000 new businesses were established each year on average during 2016-2019. This year, it is expected that 136,000 new businesses will open, with the total registered capital of about VND1.7 quadrillion ($73.9 billion), bringing the total number of active businesses to about 760,000.

In recent years, besides large state-owned and foreign-invested enterprises, large economic groups from the private sector have appeared, investing in industries and fields that have a great impact on the country's socio-economic development such as infrastructure, IT, high technology, and manufacturing, Hung said.

On the sidelines of the meeting, there will be events including a display of products, services, technology, and machines of corporations and businesses.