There are still many obstacles that prevent the operation and growth of the private enterprise sector from meeting expectations. Therefore, supporting and motivating the Vietnamese business community requires more specific and fundamental solutions in both the short and long term.
That was the message emphasized at the online seminar "Improving the investment environment: Supporting Vietnamese enterprises" organized by the Industry and Trade Newspaper on September 19 in Hanoi.
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| Speakers participating in the discussion program "Improving the investment environment: Supporting Vietnamese enterprises" - Photo: Can Dung |
"Support" from mechanisms and policies
Clearly identifying the role of Vietnamese enterprises in developing and building the country, over the years, the Party, the Government and the entire political apparatus have issued many specific policies and directives to support the core force of the country's economic development. Most recently, Resolution No. 41-NQ/TW dated October 10, 2023 of the Politburo on building and promoting the role of Vietnamese entrepreneurs in the new period can be considered a guideline and consistent orientation of the Party for an important part of human resources and potential in developing and building a strong Vietnam.
Implementing Resolution 41 of the Politburo, the Government has issued Resolution No. 66/NQ-CP promulgating the Government's action program on building and promoting the role of Vietnamese entrepreneurs with specific goals. Accordingly, from now until 2030, there will be at least 2 million enterprises; by 2030, there will be at least 10 Vietnamese entrepreneurs on the list of world USD billionaires, 5 most powerful entrepreneurs in Asia voted by prestigious international organizations. Forming and developing a Vietnamese entrepreneur team with scale, capacity and qualifications to meet the national development goals, high income, position and prestige in the region and internationally.
The orientation is clear, the strategy is specific and in fact, over the past time, the Government and ministries, branches and localities have also had mechanisms and policies to improve the investment environment, remove difficulties and support the business community.
With about 800,000 operating enterprises, the private economy is contributing nearly 45% to the country's GDP, one-third of the state budget revenue, more than 40% of the total social investment capital and creating jobs for 85% of the country's workforce.
In addition, the private sector also plays an important role in Vietnam's international trade activities, accounting for 35% of total import turnover and 25% of total export turnover. Capital from the private sector contributes greatly to socio-economic development, increasing from 51.3% in 2016 to 59.5% in 2021.
Don't let the situation of "hot above, cold below" happen.
At the seminar, experts also said that the growth of Vietnam's private economy in recent times is thanks to efforts to improve the investment and business environment from the Government to ministries, branches and localities.
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| Mr. Hoang Dinh Kien - General Director of Hoa Phat Logistics Joint Stock Company - Photo: Can Dung |
From a business perspective, Mr. Hoang Dinh Kien - General Director of Hoa Phat Logistics Joint Stock Company said that the business environment has improved a lot in recent years. Hoa Phat Logistics Joint Stock Company is one of many units that directly benefit from policies for the private business sector. Specifically, in terms of the investment environment, businesses have boldly invested in local warehouses, serving industrial parks and FDI enterprises.
At the same time, the company also invested in expanding its fleet, now reaching nearly 400 vehicles. Asset investment growth has reached about 15 times and revenue has also grown accordingly.
However, according to experts, in addition to the achieved results, recent surveys of the business community on Vietnam's business environment have also revealed some concerns of businesses. For example, obstacles in accessing land, an unequal business environment, market fluctuations, policy fluctuations, etc.
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| Lawyer Le Anh Van - Member of the Standing Committee of the Vietnam Association of Small and Medium Enterprises - Photo: Can Dung |
Sharing specifically about this issue, Lawyer Le Anh Van - Member of the Standing Committee of the Vietnam Association of Small and Medium Enterprises said that businesses still have to face a number of challenges. One of the main obstacles is the overlap and contradiction in legal regulations, causing difficulties for businesses in the process of project implementation, especially in accessing land and planning.
The Prime Minister has established a Steering Committee to review legal documents to address these shortcomings, aiming to create a more transparent and consistent legal environment for businesses. However, implementation at the grassroots level has not been synchronized, leading to the phenomenon of "hot above, cold below", where instructions from high levels are not fully implemented at lower levels.
Sharing the same view, Mr. Phan Duc Hieu - Standing Member of the Economic Committee of the National Assembly said that there are some points that need to be improved. In particular, the first thing to mention is equal competition for businesses. Because there is currently a phenomenon where the same procedure is slower in one place than another, this has created unfairness among businesses. Or the same import procedure, but at this port the goods are released faster, at another port it is slower, then there will be businesses that may suffer losses when the goods are shipped out for sale first, which will have an advantage over later shipments.
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| Mr. Phan Duc Hieu - Standing Member of the Economic Committee of the National Assembly - Photo: Can Dung |
Notably, Mr. Hieu said that, during the implementation process, the state agency may not be wrong about the law; specifically, the regulation can be issued within 5-10 days, but for businesses, issuing 1-3 days early can be a business opportunity and vice versa, issuing 1-3 days late can be a loss.
"Obviously, this story can be improved. I see that there are many things that can be improved if we do our best, always for the benefit of businesses. From the perspective of businesses, we really hope that policy implementation must be better, not just simply in accordance with the law. In international experience, there is a saying "going beyond compliance" - that is, the law has regulations like this, but people always want the subjects to implement better even when the law does not require it," Mr. Hieu commented.
Source: https://congthuong.vn/cai-thien-moi-truong-dau-tu-ky-vong-hanh-dong-thuc-chat-347852.html
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