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Vietnam PM pledges stronger support for business development
15/05/2016 03:38 pm

The Vietnamese government will grant the most favorable support possible for the business development and start-up initiatives, Prime Minister Nguyen Xuan Phuc asserted as he met the business community in Ho Chi Minh City on Friday.

The premier asserted that businesses are “the driving force for national economic development,” and their legitimate rights and business right will therefore be protected.

The prime minister, leading other government officials, was speaking at an online conference attended by some 10,000 enterprises, representing the nationwide business community.

PM Phuc said all businesses will have equal access to capital, natural resource, land, market and business opportunities, irrespective of their scales and business models.

The premier admitted that the current business and investment environment is not really favorable for enterprises.

There are still many difficulties hindering local firms, such as ambiguous policies, unclear law enforcement guiding documents, bureaucracy, and slow administrative reform.

Local businesses currently have to suffer numerous high fees, repeated inspections, while there has yet to be mechanisms to encourage them to apply advance technologies and develop brands, according to the prime minister.

The government will therefore exert more efforts to boost administrative reform and fight corruption, and will seek to abolish unsuitable regulations to better support businesses.

A resolution on business development is also set for issuing in the coming time, he added.

During the conference, leaders of ministries and sectors also promised to serve the business community.

Top officials in the new government administration also promised to better support the business community at the event.

Nguyen Chi Dung, Minister of Planning and Investment, said his ministry will enact more measures to assist businesses in solving difficulties.

“Business development will be one of the top priorities of in my ministry’s action plan,” he said.

In the meantime, the Ministry of Finance will continue improving the business environment and competitiveness, targeting to make Vietnam one of the top three ASEAN countries in such terms of as the time to pay tax and clear duty.

Tuoi Tre News

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