Sharing at the Vietnam Economic Forum 2024, Dr. Tran Du Lich said that with the 'revolution' in streamlining the apparatus, businesses only care about how many procedures can be shortened and how much time it takes.
Domestic enterprises face many challenges
On the morning of December 12, in Ho Chi Minh City, the Laborer Newspaper organized the fourth session of the Vietnam Economic Forum 2024 with the theme "Motivation for businesses in the new context".
At the forum, business representatives and economic experts discussed policies and trends to help businesses overcome this volatile period.
Mr. Do Ha Nam - Chairman of the Board of Directors and General Director of Intimex Group Joint Stock Company, said that our country's agricultural sector currently ranks 15th in the world in terms of exports. Among them, many sectors hold the top positions such as coffee, rice, and pepper.
Participating in the world market, according to Mr. Do Ha Nam, domestic enterprises face many risks. To survive, enterprises need to invest in preliminary processing and processing to create additional revenue from added value instead of just enjoying the price difference. In addition to developing product quality and expanding the consumption market, enterprises need support in terms of capital.
According to Mr. Tran Nhu Tung - Chairman of the Board of Directors and Deputy General Director of Thanh Cong Textile - Investment - Trading Joint Stock Company, domestic enterprises in general and the textile industry in particular are facing many challenges.
For the textile industry, in the new context, businesses face many difficulties when transforming digitally and greenly. Most foreign partners require textile and garment businesses to produce “green” but the selling price does not increase.
To meet the above requirements, textile and garment enterprises need to have investment costs. This is difficult but must be done, because if not, they will lose customers and reduce sales.
Commenting on the policy, according to Mr. Tran Nhu Tung, recent statistics show that the proportion of textile and garment import value from China is very high. Meanwhile, the proportion of export value to the US also tends to increase. In fact, there has been a shift of Chinese textile and garment enterprises to Vietnam and they can use our country as a transit point to export to other countries. Authorities need to take measures to prevent this situation, avoiding high taxes on domestic enterprises.
According to Dr. Can Van Luc - Member of the National Financial and Monetary Policy Advisory Council, this year, Vietnam's economy has recovered positively and is likely to achieve a growth rate of 7%. In 2025, the growth rate is forecast to be from 6.6% - 6.8% or even higher, from 7% - 7.5%.
Through a survey of about 600 enterprises in Ho Chi Minh City, Dr. Can Van Luc found that institutional breakthroughs are a matter of great concern. The “revolution” in streamlining the apparatus that the Government is implementing is also an important breakthrough for economic development.
Streamlining the apparatus contributes to economic development
Sharing at the forum, Associate Professor, Dr. Tran Dinh Thien - Former Director of the Vietnam Economic Institute, our country's economy in 2024 will have "unusual" developments but in a positive direction.
In the first quarter of 2024, the domestic economic sector faced many difficulties. In the following quarters, the economic situation improved, which came from the recovery of the foreign economic sector, from exports to attracting foreign investment capital.
According to Associate Professor Dr. Tran Dinh Thien, budget expenditure remains high. Regular budget expenditure, mainly for the administrative apparatus, accounts for 70%. Meanwhile, domestic revenue only reaches 18.6%. Institutional bottlenecks need to be resolved to create trust for businesses.
With over 30 years of experience in institutional research, Dr. Tran Du Lich - Member of the National Financial and Monetary Policy Advisory Council, believes that the biggest problem today is the entanglement between state and market regulations. The state has issued too many regulations that prevent the market from operating effectively. In addition, there are many complicated regulations in civil relations.
According to Dr. Tran Du Lich, when our country shifted from a centralized economy to a market economy, many regulations were issued as if they were tying themselves up. Then they were removed piecemeal. The State has assigned each ministry and sector specific functions and tasks, what needs to be done is to review which functions need to be kept, which functions need to be removed in order to restructure.
“I support the government’s current effort to streamline the apparatus. When streamlining the apparatus, businesses only care about how many procedures can be shortened and how much time can be saved,” Dr. Tran Du Lich shared.
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Source: https://vietnamnet.vn/khi-tinh-gon-bo-may-doanh-nghiep-chi-quan-tam-rut-ngan-duoc-bao-nhieu-thu-tuc-2351567.html
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