"Opening the highway" for private economic development

Abolish and reduce more business conditions than required

At the seminar "Opening the highway" for the private economy organized by Tien Phong Newspaper on the morning of May 28, Ms. Bui Thu Thuy - Deputy Director of the Department of Private Enterprise Development and Collective Economy, Ministry of Finance said that many policies in Resolution 68 were not just mentioned now but had been mentioned in the policy research process over the past 20 years.

However, the policy has not yet “touched” the problems of enterprises. We have many laws, resolutions, and decisions on supporting small and medium enterprises, and supporting investment, especially for enterprises that want to transfer technology. The policy has been there but has been neglected, not reaching the problems that enterprises want.

In Resolution 68, there was the highest level of concern, the ideas in the speech of General Secretary To Lam were the guiding principles, the drafting committee of Resolution 68 dared to mention more strongly. For example, the content clarifying not to criminalize economic relations, although mentioned long ago, has not been implemented for decades to achieve a level of peace of mind for the private economy.

As soon as Resolution 68 was passed, the drafting committee prepared a draft resolution for the National Assembly and the Government. The National Assembly issued Resolution 198 in 11 days. Within 1 week, the drafting committee submitted 2 resolutions to the Government so that the Government could assign responsibilities to each agency.

Currently, the draft Government Resolution clearly stipulates policies and deadlines. Ministries and localities will issue implementation plans in the second quarter of 2025. In the current climate, I hope that ministries and localities will implement as quickly as possible. Localities will start developing action plans.

The policies in Resolution 68 are relatively clear and not difficult to understand when implemented. We expect that by June or July 2025, the content will be institutionalized and implemented in the second half of 2025.

At the discussion, Mr. Phan Duc Hieu - Member of the National Assembly Economic Committee said that it is possible to abolish and reduce more business conditions than required. If the spirit of Resolution 68 is fully implemented, it will create a historic turning point in the development of the private economy.

Private economy To institutionalize, the law must be amended and abolished. — Mr. Phan Duc Hieu - Member of the National Assembly's Economic Committee (Photo: Tien Phong Newspaper)

The problem is how to fully and effectively implement the contents of the resolution. Because from the Party's policy to institutionalization and implementation into life is a very difficult process, even more difficult than making a resolution. If it cannot be institutionalized, the resolution is still a resolution.

To institutionalize, it is necessary to amend the law, abolish the law and decrees and circulars, so it takes time. However, with the determination of the Government and the National Assembly, within 11 days after Resolution 68 was issued, the Government submitted a draft resolution and the National Assembly issued Resolution 198 on a number of special mechanisms and policies for private economic development to institutionalize some contents of Resolution 68.

This is considered the first and urgent legal action to implement Resolution 68. In Resolution 198 of the National Assembly, many contents can be implemented immediately, such as tax exemption, reduction, bidding, inspection, and examination. However, there are still many contents that need to be further implemented to institutionalize.

The Resolution also sets out a timeline for the Government to take action, including laws on investment and business that must be prioritized to create favorable conditions for businesses.

For example, Resolution 198 requires that by December 31, 2025, the review and elimination of unnecessary business conditions, overlapping and inappropriate regulations that hinder the development of private enterprises must be completed; administrative procedure processing time must be reduced by at least 30%, legal compliance costs must be reduced by at least 30%, business conditions must be reduced by at least 30%, and further reductions must be made in the following years. However, the Government can completely reduce administrative procedures and business conditions at a higher rate, even abolish them completely, or reduce them by 60-70%.

If the highway is opened, it needs to be accessible to the majority.

According to Mr. Mai Son - Deputy Director of the Tax Department, Ministry of Finance, in recent years, the lump-sum tax form has been applied as a support solution, suitable for management conditions and compliance capacity of business households.

However, in the context of an increasingly developing economy, the requirements for transparency, fairness and modernization of management are increasing, the form of contracting has revealed some limitations, as well as not providing the necessary motivation for business households to develop their production and business scale.

It can be said that the abolition of the lump-sum tax is a revolutionary turning point in tax management for business households. The transition from the lump-sum tax to the declaration form is not only a change in the method of tax calculation, but also a fundamental change in management thinking, in the way tax authorities accompany taxpayers.

The abolition of lump-sum tax for business households has many important implications for private economic development as well as state management.

Mr. Nguyen Kim Hung - Vice President of the Vietnam Association of Small and Medium Enterprises, Chairman of the Board of Directors of Kim Nam Group said that the small and medium enterprise community is the ultimate service provider for consumers in society. Resolution 68 creates a new wind.

We hope that with the institutional breakthrough, the association of small and medium enterprises will be able to fish more professionally and effectively, with better quality products and services, and more suitable prices.

In addition to issuing institutions, it is necessary to strengthen communication work, not only stopping at propagating Resolution 68 but also disseminating successful experiences of small and medium enterprises, so that the business community can enter the private economic highway.

In addition to Resolution 68, we can consider issuing a specific resolution or institution for small and medium enterprises to develop. If the highway is opened, it needs to be accessible to the majority, not just corporations and large enterprises, but a separate resolution should be issued for the small and medium enterprise community so that they are protected and motivated to develop.

We need to further specify through resolutions and institutions to transform 5 million individual business households into sustainable enterprises.

Source: https://baodaknong.vn/mo-cao-toc-cho-kinh-te-tu-nhan-phat-trien-253865.html