Private economic development - What opportunities for individual businesses?

The Dao community tourism facility in Khe Su village, Thuong Yen Cong commune, Uong Bi city is a private economic model that is being facilitated for development.

According to the report of the Department of Finance, by the end of February, Quang Ninh had more than 34,000 individual business households in operation. These individual business households contribute to the income of the household owners and people, create jobs for workers and contribute greatly to social security. There are even individual business households with a scale equal to that of medium-sized and even large enterprises.

In recent years, Quang Ninh's development perspective is not to equalize, that is, to select typical projects, driving projects to have a separate approach, with priority, but also not to forget the resources in other areas, including the private economy. Mr. Pham Hong Bien, Director of the Department of Finance, said: The advantage for developing the private economy at this time is that Quang Ninh is promoting public investment disbursement and removing public investment projects, using public investment to activate, impact and promote private investment. Specifically, in 2025, it is expected that Quang Ninh's public investment capital needs to be disbursed over 11,900 billion VND, on this basis, the target of total social investment capital is expected to be about 110,000 billion VND... Along with that, the opportunities for individual business households as well as private enterprises are currently stable in the development movement trend and demonstrate a very clear view and growth roadmap. This year alone, Quang Ninh has set a growth target of 14%, which means that the economy will open up opportunities for businesses. Quang Ninh also publicizes the planning of Quang Ninh province so that businesses can grasp opportunities, roadmaps, and according to their fields and industries, based on their capabilities and research, they can participate in all fields. It is worth noting that in recent times, Quang Ninh has maintained a good investment and business environment, which is also a foundation for creating trust for businesses. With the stability of the economy, high speed, open opportunities, along with solutions to continue improving the investment environment and administrative reform, solving difficulties and obstacles for businesses, these will be fundamental factors to help individual business households and private enterprises feel secure when deciding to invest.

The organic tea cooperative of Ms. Dao Thi Binh, Quang Thinh commune, Hai Ha district is operating effectively.

It is known that, in order to continue promoting the private economy, Quang Ninh, within its authority, is providing the most beneficial support to businesses in terms of policies related to the Land Law, such as considering applying a reasonable level of input land rental prices, extending the exemption of land use fees to limit business capacity, especially for private, small and medium enterprises. In the context of digital transformation and e-commerce, many individual business households are limited in their skills to transform their business models as well as have difficulty adapting to new business models. The provincial departments, branches and professional bodies also focus on technical support to change business skills, support in digital transformation and application of science and technology, support in administrative procedures for businesses... According to the proposal of the Department of Science and Technology, in the future, Quang Ninh can consider the "support desk" model, which focuses on guiding and checking records, even providing professional advice to subjects carrying out administrative procedures, especially difficult procedures; Classify procedural flows, avoid overlapping administrative procedures for people with procedures for businesses and administrative procedures between different types of businesses... This will be necessary support for individual business households and small and medium enterprises to develop.

It can be seen that the opportunity for individual businesses to grow and develop the private enterprise sector of Quang Ninh is wide open, which strengthens the belief that the private enterprise sector will make an important contribution to the growth targets of the province in 2025 and the following years.

Vietnam China

Source: https://baoquangninh.vn/phat-trien-kinh-te-tu-nhan-co-hoi-nao-cho-ho-kinh-doanh-ca-the-3350476.html