Phu Yen seeks solutions to spur business development

Phu Yen has great potential for tourism development

By the end of November 2019, Phu Yen has been reporting stable socio-economic growth, with positive changes in the local economy which now includes a lower proportion of agriculture and more industry and services.

By the end of the year, the province is expected to witness over 8.3 per cent economic growth, earn a budgetary revenue of about VND5.5 trillion ($239.13 million) and export turnover of $165 million – while ensuring welfare, social security, and constantly improving people's lives.

At the same time, the total number of newly-established enterprises in the locality was 325 (down about 6.4 per cent compared to the same period last year) with total registered capital of over VND5.014 trillion ($218 million), up 5 per cent compared to the same period last year.

The provincial leaders assigned agencies, units, and localities to intensify communications activities.

The People's Committee also required conducting business dialogues to promptly grasp difficulties enterprises are facing and resolve them in a timely manner.

Heads of agencies, units, and localities must be directly in charge of implementation and take responsibility for the tasks assigned in Phu Yen People's Committee's plans and the results of agencies, units, and localities under their management.

In order to establish itself as a bridge between enterprises and state management agencies, Phu Yen People's Committee requests departments, agencies, and people's committees at districts, towns, and cities to come up with solutions to improve service quality, create favourable conditions for businesses, and improve the operational efficiency of the inter-sectoral Working Group to eliminating obstacles for enterprises in production and business activities.

Besides improving the efficiency of the Credit Guarantee Fund for small- and medium-sized enterprises in the province, the Business Registration Office under the Department of Planning and Investment must strengthen solutions to increase the percentage of enterprises registering administrative procedures online.

In addition, Phu Yen has been co-ordinating with the local Tax Department to strengthen communications activities, requiring business households with large turnover and large tax payment to convert into businesses.