Section IV: This is the "golden time" to reform the economy.

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

ANTD.VN - The latest survey results from the Private Economic Development Research Board (Board IV) show that businesses are more optimistic about the production and business situation, but after two 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

Businesses are exhausted and are requesting solutions to overcome difficulties.

Section IV has just released a thematic report surveying the business situation at the end of 2023 and assessing the business landscape for 2024, conducted in December 2023.

According to this report, business confidence has rebounded compared to a similar survey in April 2023, as evidenced by the fact that the percentage of businesses rating the current macroeconomic situation positively/very positively is 2.7 times higher than in the April survey; and the percentage rating the current industry economy positively/very positively is 2.5 times higher.

The proportion of positive assessments of the macroeconomic outlook for the next 12 months has nearly tripled; the proportion of businesses planning large-scale expansion has doubled; and the proportion planning moderate-scale expansion has increased 2.5 times.

Notably, compared to the April survey, the percentage of businesses planning to cease operations, awaiting dissolution, or temporarily suspending operations in the December survey did not show a downward trend like most other indicators.

"Survey data and statistics show that business exhaustion is a reality, especially after two years of Covid-19 and two years of facing global macroeconomic instability. If not nurtured in time, businesses' strength will be depleted," the report stated.

Currently, businesses are facing five major challenges: orders, cash flow, 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 persist. Therefore, Committee IV believes that 2024 is the "golden time" for reform, thoroughly addressing the inherent problems of the economy as well as the development model to create new drivers of development.

The Private Economic Development Research Board proposes that the Government and the Prime Minister continue to promote public investment to improve the quality of key national infrastructure and connectivity infrastructure in order to create long-term competitiveness;

The focus is on developing high-tech human resources, especially for the semiconductor ecosystem and modern green and digital technology trends, to take advantage of the opportunities presented by the shift in global supply chains, production chains, and value chains;

At the same time, build a disciplined, service-oriented, and efficient public administration and governance system, emphasizing mechanisms for selecting and utilizing talent;

Furthermore, Committee IV also recommended developing policies to genuinely support the private sector, as private businesses are numerous and a driving force of the economy…

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