Gov’t discusses draft Resolution on business development

May 06, 2016 | 10:10

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The Government discussed the draft Resolution on business development in Viet Nam during the second day of its regular meeting on May 5.

Photo: VGP/Quang Hieu

According to the Resolution, by 2020, up to one million enterprises will be operating in Viet Nam. The private sector will contribute 48-49% of the GDP. The total investment from the private businesses and individuals will make up 49% of the total social investment. Every year, around 30-35% of the Vietnamese businesses will launch creative and innovative activities.

The Resolution also proposes principles such as all kinds of businesses are equal to get access to resources, including capital, resources, land, market and business opportunities.

It also sets to reduce unnecessary licenses and unsuitable expenditures.

Measures proposed

The Resolution suggests specific measures to tackle difficulties and create favorable conditions for enterprises, including the organization of dialogues between local leaders and businesses and the establishment of hot lines and online question-and-answer sessions for businesses.

Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) Vu Tien Loc consented with the draft Resolution, saying that the Resolution will create trust among businesses, which are the pioneering force in economic development.

He expected that enterprises will uphold their responsibilities for the nation and people as well as strictly follow the law and regulations.

PM Nguyen Xuan Phuc assigned the Government Office to coordinate with the Ministry of Planning and Investment and the VCCI to complete the draft Resolution.

The Resolution has to manifest the message announced to the businesses, which means removing difficulties and obstacles and facilitating businesses' development, he stressed.