PM directs to improve investment, business environment

Photo: VGP/Nhat Bac

>> PM to address business concerns this month

PM Nguyen Tan Dung made the statement on April 28 at his conference with businesses in 2014.

The PM applauded efforts, achievements and contributions of the business community to the nation’s socio-economic development over the past time.

The nation has fulfilled goals set in the five-year-plan in the phase from 2011-2015 such as stabilizing the macro-economy, controlling inflation, guaranteeing social security, improving people’s lives, ensuring national defense and raising Viet Nam’s status in the world.

PM Dung also pointed out difficulties and shortcomings facing these businesses such as the number of enterprises is still low in comparison to the population and 97-98% of businesses are Small and Medium-sized Enterprises (SMEs).

The PM suggested ministries, agencies and localities work with the business community to further improve the investment and business environment.  

The Government has paid due attention to completing the market economy regulations, setting up mechanisms and policies and implement administrative reforms for these businesses to develop, stressed the PM.

The PM instructed the banking sector to help enterprises get access to credits. He asked the Governor of the State Bank of Viet Nam to develop the capital market and create a close connection between banks and businesses.

The leader required these enterprises to raise their competitiveness, increase labor productivity, apply technology into production and enhance business management competence.

Besides, businesses are suggested to coordinate with functional agencies in preventing and controlling counterfeits and low-quality products as well as expand domestic and foreign markets, establish business culture and strictly follow the State’s regulations and rules.