On May 31 in Hanoi, Prime Minister Pham Minh Chinh chaired a discussion with businesses to effectively implement Resolution No. 68-NQ/TW of the Politburo on private economic development. Mr. Bui Minh Tri, Vice Chairman of the Provincial People's Committee attended the online conference at the Binh Duong bridge.
Arouse the desire to get rich legitimately
Speaking at the seminar, Prime Minister Pham Minh Chinh emphasized: The private economy has continuously developed, affirming its position as an important driving force of the economy; an effective channel to mobilize social resources for investment and development. The Prime Minister said that if in the resistance war, the country won thanks to the art of people's war, then today, in peacetime, to build a strong country, we must promote the spirit of "all people getting rich", considering economic development as a general mobilization, a widespread mass movement.
In order to institutionalize the policies stated in Resolution No. 68-NQ/TW of the Politburo, the Government promptly submitted to the National Assembly for promulgation Resolution No. 198/2025/NQ-QH15 on a number of special mechanisms and policies for private economic development. Subsequently, the Government issued Resolution No. 138/NQ-CP and Resolution No. 139/NQ-CP on the action plan to implement the resolutions of the Politburo and the National Assembly.
The Prime Minister continued to direct the organization of a dialogue with enterprises and associations with the desire to organize a good implementation, truly effective in the spirit of "thinking deeply and doing big". The Prime Minister stated that the resolutions of the Politburo, the National Assembly, and the Government have been very synchronous and complete, the problem raised, the greatest desire is to organize a good implementation, have the most effective way, best promote the capacity of nearly 1 million enterprises, 5 million business households, each person contributes, each household contributes, then the whole society will have great resources to "change the state, turn the situation around", bringing the country to develop quickly and sustainably.
Resolution No. 68-NQ/TW of the Politburo issued on May 4, 2025 demonstrates the Party's high political determination by further promoting the role of the private economy to create a new strategic driving force for national development. The Resolution has 6 notable contents: Reducing time and costs for administrative procedure processing; perfecting the legal framework on virtual currency and AI; setting out preferential tax policies for businesses; eliminating lump-sum tax for business households by 2026 at the latest; reducing land rent in industrial parks for businesses; supporting and encouraging credit institutions to reduce interest rates for businesses. |
To concretize the resolutions and promote private economic development, at the seminar, the Vietnam Association of Small and Medium Enterprises proposed a program to cut and simplify administrative procedures related to production and business activities in 2025 and 2026, which should set specific goals to cut unnecessary procedures, ensuring that they are not dependent on administrative boundaries. All levels and sectors need to focus on supporting small and medium enterprises to access key resources, such as land and production and business premises; preferential finance and credit; application of science and technology, innovation and digital transformation; training and development of high-quality human resources.
Sharing at the discussion, Ms. Mai Kieu Lien, General Director of Vinamilk, said that the Government's resolutions and policies are very clear. The problem is how to implement them? And in the process of implementation, if there are problems or difficulties, we hope that ministries, branches, levels and the Government will handle and resolve them quickly and have a certain amount of time to resolve the problems of businesses.
According to Associate Professor, Dr. Tran Dinh Thien, member of the National Monetary and Financial Policy Advisory Council, former Director of the Vietnam Economic Institute, although the State has created many favorable conditions, it must be acknowledged that the Vietnamese private enterprise sector is currently facing difficulties, not only in terms of institutions, but also with many unprecedented difficulties. Let's focus on handling problems in the land market, financial market, and real estate market so that Vietnamese private enterprises can access these resources conveniently and effectively.
Associate Professor, Dr. Tran Dinh Thien also suggested that all levels and sectors pay special attention to the business sector related to innovation and high technology, because this is the decisive competitive front of the country with the world. If there is a delay in creating an institutional environment for the innovation sector, opportunities will be missed.
Removing "bottlenecks" for the private economy to break through
| The seminar was attended by more than 1,000 delegates, including leaders of provinces and centrally-run cities, representatives of enterprises, business associations, business households, cooperatives, etc. to listen to contributions and recommendations on policies, tasks, and solutions for private economic development in the coming time, thereby affirming the position and role of the private economy, making an important contribution to the rapid and sustainable development of the economy and society. |
Talking to us on the sidelines of the discussion, Ms. Trinh Thi Hong Chau, President of Binh Duong Electromechanical Association, said that to solve the difficulty in accessing capital, especially loans with low interest rates, the association proposed more favorable mechanisms for enterprises to access capital. If there is preferential capital from banks, it will create favorable conditions for enterprises to invest in technology, reducing the barrier of technology gap compared to the current FDI sector.
“We hope that the Government will continue to pay attention to directing banks to accompany businesses. We also hope that the Government will pay attention to directing the implementation of solutions, so that the policy of guaranteeing loans for businesses is more substantial and develops other segments of the financial market. Only then will credit for small and medium-sized enterprises increase, and preferential credit rotation will reach more businesses,” said Ms. Trinh Thi Hong Chau.
Ms. Phan Le Diem Trang, Vice President of Binh Duong Textile and Garment Association, also shared that although there is a Law on Enterprises and support for small and medium enterprises, 5 decrees, the actual effectiveness is not high. The Government is directing very strongly. The business community is expecting that with the streamlining of the apparatus and amendment of laws, the issuance of new decrees that the Government is implementing according to the Party and State's policies, procedures will certainly be shortened, the programs to guide and support enterprises will be effective, especially the non-criminalization of administrative violations is a favorable condition for enterprises to develop.
To be continued
TIEU MY - ANH TUAN
Source: https://baobinhduong.vn/kinh-te-tu-nhan-don-luong-gio-moi-a348055.html
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