Panel IV: This is the “golden time” to reform the economy

01/16/2024 08:22 Ha Linh Print article

ANTD.VN - The latest survey results of the Private Economic Development Research Board (Board IV) show that businesses are more optimistic about the production and business situation, but after 2 years of Covid-19 and the impact of the global economy, businesses are "exhausted".

Doanh nghiệp kiệt sức, kiến nghị giải pháp tháo gỡ khó khăn

Exhausted businesses, proposed solutions to overcome difficulties

Board IV has just announced a special report on the survey of the business situation at the end of 2023 and assessment of the business context in 2024, conducted in December 2023.

According to this report, business confidence has increased again compared to a similar survey in April 2023, reflected in the rate of businesses positively/very positively assessing the current macroeconomic situation being 2.7 times higher than in the April survey; the rate of positive/very positive assessment of the current industry economy being 2.5 times higher;

The rate of positive assessments of the macroeconomic outlook for the next 12 months increased nearly 3 times; the rate of enterprises planning large-scale expansion increased 2 times; the rate of medium-scale expansion increased 2.5 times.

However, it is noteworthy that compared to the April survey, the rate of enterprises planning to stop operating, waiting for dissolution, and temporarily suspending operating in the December survey did not show a decreasing trend like most other indicators.

“Survey data and statistics show that it is true that businesses are exhausted, especially after 2 years of Covid-19 and 2 years of facing global macroeconomic instability. If not nurtured in time, businesses' strength will be exhausted,” the report stated.

Currently, businesses are facing five major difficulties: orders, cash flow, implementation of administrative procedures and compliance with legal regulations, the risk of criminalizing economic relations and access to loans.

These difficulties are not new but continue to occur. Therefore, Board IV believes that 2024 is the “golden time” for reform, thoroughly solving the internal problems of the economy as well as the development model to create new development drivers.

The Private Economic Development Research Board recommends that the Government and the Prime Minister continue to promote public investment to improve the quality of important national infrastructure and connecting infrastructure to create long-term competitiveness;

Focus on developing high-tech human resources, especially human resources for the semiconductor ecosystem and modern green and digital technology trends to take advantage of opportunities brought about by the shift in the world's supply chain, production chain, and value chain;

At the same time, build a disciplined, service-oriented, and effective public administration and management system, emphasizing mechanisms for selecting and using talented people;

In addition, Committee IV also recommended developing policies to support the private economic sector in a substantial manner because the private enterprise force is very large and is the driving force of the economy...

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