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PM Nguyen Xuan Phuc addresses the conference with enterprises, Ho Chi Minh City, April 29, 2016. Photo: VGP
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PM Phuc made the remark on April 29 in HCMC while presiding over a conference with 1,000 enterprises representing the domestic business circle.
He went on to quote Presdent Ho Chi Minh as saying that the business community, the biggest force of GDP and job generation, should be given attention, listened and provided with favorable condition to grow.
The Party and the State have deployed numerous guidelines and policies for business development, he stressed, admitting the prevalence of barriers to enterprises, which form the leading economic force.
The Vietnamese Government, said the leader, always protects the rights to asset and business of people and enterprises, does not criminalize economic ties, and facilitate enterprises' integration towards priding the country on “Made in Viet Nam" products.
He said he believed that the conference would consolidate business people's confidence to move forward with production and business, thus contributing to national development.
A large number of delegates said that the business and investment environment has improved. Nevertheless, obstacles are still lying ahead including slow introduction of guiding documents for the Law on Investment and the Law on Enterprises (taking effect on July 1); possible legal loopholes; and authoritarian attitudes. In addition, enterprises are facing with high risks, cost burdens, fierce competition from international integration. Enterprises also blamed high capital costs, inappropriate interest rates, unreasonable tax and fees.
The business community proposed the Government speed up reforms in a drastic manner. Unsuitable business conditions and licenses which block freedom to doing business and create risks and costs for enterprises must be removed, they suggested.
Enterprises recommended the Government cut interest rates, apply tax cancellation, and generate a fair competition for all economic components.
Minister of Planning and Investment Nguyen Chi Dung said that it is necessary to pursue ‘innovative flame’ and provide consultations for the Government to make breakthroughs in the investment and business environment./.
By Kim Loan
