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Prime Minister: Turning institutions into competitive advantages for businesses

The Prime Minister requested to promote more strongly 3 strategic breakthroughs, institutions must be open, compliance costs must be reduced, infrastructure must be smooth to reduce input costs, create

Báo Thanh HóaBáo Thanh Hóa04/08/2025

Prime Minister: Turning institutions into competitive advantages for businesses

Prime Minister Pham Minh Chinh chairs the first meeting of the National Steering Committee on Private Economic Development. (Photo: Duong Giang/VNA)

On August 4, chairing the First Session of the National Steering Committee for the implementation of Resolution No. 68-NQ/TW of the Politburo on private economic development (Steering Committee), Prime Minister Pham Minh Chinh, Head of the Steering Committee, pointed out that it is necessary to turn institutions into competitive advantages for enterprises.

The meeting assessed that the Resolutions of the Politburo, the National Assembly , and the Government on private economic development are being comprehensively implemented. In particular, the Government, ministries, and sectors are focusing on perfecting institutions; promoting administrative procedure reform with 872 administrative procedures and 118 business conditions being reduced and simplified.

Along with that, the business investment environment has been improved with many laws being amended and supplemented to create better conditions for businesses in the following areas: Business registration, access to capital, technology, land resources, production premises; tax issues, administrative procedures; handling of violations in the economic field; inspection and examination work; promoting small and medium enterprises; developing private economic groups to reach regional and global levels...

The Steering Committee believes that after 3 months of issuing and implementing the Resolution on private economic development, there have been positive changes and significant changes in the thinking and awareness of the whole society about private economic development. In particular, the wave of startups has increased strongly.

In June 2025, the country will have more than 24,000 new enterprises; in July 2025, there will be more than 16,000 new enterprises, bringing the total number of enterprises established in the first 7 months of 2025 to nearly 108,000, with the additional capital of operating enterprises reaching more than 2.4 million billion VND, an increase of more than 186% over the same period in 2024.

In 7 months, the country had 536 thousand more business households, an increase of 165% over the same period; recorded more than 66.3 thousand enterprises returning to operation, an increase of nearly 50% over the same period.

In the first 6 months of the year, state budget revenue from the non-state industry, trade and service sector reached nearly 260 trillion VND, equal to 125% over the same period in 2024, of which total state budget revenue from households and business individuals was 17.1 trillion VND, reaching 53.4% of the collection task, equal to 131% over the same period in 2024.

Delegates assessed that some ministries, sectors and localities are still slow in implementing the tasks assigned in the Resolutions on the private economy, of which only 16/34 provinces and cities have issued a Plan to implement the Resolution. Some localities have not demonstrated the spirit of "creating and serving" businesses, and are still afraid of responsibility and lack flexibility in handling situations, leading to slow and ineffective implementation.

Some businesses still report difficulties in implementing some administrative procedures; grasping legal policies and support activities of local authorities sometimes do not meet businesses' expectations...

Concluding the meeting, Prime Minister Pham Minh Chinh pointed out the highlights and positive results in the implementation of Resolution 68 in the past time; emphasizing that there has been a more innovative mindset and drastic actions; trust has been spread. More institutions and policies have been issued, focusing on solving difficulties and problems of enterprises; the number of newly established enterprises has increased. Large enterprises have boldly proposed major projects of the country such as railways, nuclear power, highways, airports, and ports.

According to the Prime Minister, the three strategic breakthroughs are institutions, infrastructure, and human resources serving business development being promoted; the three-level government (central, provincial, and grassroots) operating to help reduce administrative procedures, reduce compliance costs, and make it more convenient for people and businesses; public-private partnership being promoted with the revised Law on Investment under the public-private partnership model; ministries and branches coordinating more closely to solve business difficulties.

Frankly pointing out the limitations, the Prime Minister assessed that in general, the changes are still slow compared to the requirements, especially the mechanisms and policies to meet the stronger, faster and more effective development of enterprises; administrative procedures and decentralization are still entangled at the central and local levels; support resources are still limited in terms of mechanisms, policies and financial resources.

Regarding the tasks in the coming time, Prime Minister Pham Minh Chinh requested to firmly implement the goals set out in the Resolutions of the Politburo, the National Assembly, and the Government, in accordance with specific circumstances and conditions, meeting the requirements and demands of enterprises, and realizing the general goal of making the private economy the most important driving force of the economy.

Outlining 15 specific groups of tasks and solutions, the Prime Minister directed to continue to raise awareness, change thinking, and take more drastic and stronger actions to create motivation, inspiration, movement, and trend for private economic development in the new context; spreading trust among people, businesses, and international friends.

Ministries and sectors continue to promote the resolution of institutional bottlenecks; review, amend, supplement, and perfect laws, decrees, and circulars related to taxes, fees, charges, access to land, resources, minerals, interest rate support, human resource training, administrative sanctions on competition, science and technology, digital transformation, etc., turning institutions into competitive advantages.

The Prime Minister assigned the Government Office to develop a roadmap to cut procedures, time and costs for administrative procedures; and to promote decentralization and delegation of authority to localities in handling administrative procedures.

Localities supplement and complete planning to develop new projects, publicly calling for investors to access equally, publicly and transparently.

The Prime Minister requested to promote more strongly the 3 strategic breakthroughs, the institution must be open, reduce compliance costs, smooth infrastructure to reduce input costs, create new development space, new added value; train human resources to meet the transformation requirements for businesses.

There is a mechanism to mobilize preferential capital sources for private enterprises, especially for science and technology development, innovation, and digital transformation according to Resolution 57 of the Politburo.

The Ministry of Finance builds a group of policies to support small and medium-sized enterprises and business households in terms of taxes and tax procedures, tax connections, promoting business households to become enterprises, small enterprises to become large enterprises, large enterprises to become global and multinational enterprises; building a mechanism to support enterprises in terms of electricity infrastructure, land rent, fees and charges.

Requesting the development of criteria to assess the satisfaction of people and businesses, criteria to measure and reflect the results of serving people and businesses, the Prime Minister assigned the Ministry of Home Affairs to guide and propose emulation and rewards on the occasion of the 80th anniversary of National Day and Vietnam Entrepreneurs Day (October 13).

The Prime Minister directed 18/34 localities that have not yet developed an action plan to develop an action plan to implement the Resolution. Along with that, the Private Economic Development Research Board of the Administrative Procedure Reform Advisory Council continues to grasp and evaluate the implementation of the Resolution, ensuring accuracy, no embellishment, no blackening.

Emphasizing that the tasks to be completed from now until the end of the year are very heavy, the Prime Minister requested ministries, branches and localities to promote responsibility, strengthen supervision, inspection and urging, and that each level must resolve its own tasks.

Along with that, relevant parties increase dialogue, listen to each other's opinions; participate in building institutions, mechanisms, and policies for enterprises, business households, and people; build monitoring mechanisms, strengthen monitoring by the Vietnam Fatherland Front and socio-political organizations; build monitoring plans for localities.

Assigning the Ministry of Finance to develop an implementation plan from now until the end of the year, the Prime Minister requested all levels, sectors, and members of the Steering Committee to continue promoting the spirit of responsibility, solidarity, unity, and consensus, and to synchronously, comprehensively, and effectively implement tasks and solutions for private economic development.

The Prime Minister emphasized the requirement for substantial and drastic implementation, saying is doing, committing is implementing, doing is creating products, organizing implementation in the spirit of "6 clear": clear people, clear work, clear responsibility, clear time, clear products"; bringing the Resolution into life, creating movements, trends and the final measure is the effective contribution of private enterprises and the private economy to socio-economic development, contributing more and higher to GDP, making breakthroughs in science and technology development, innovation, increasing labor productivity, and entering a new era with the whole country./.

According to VNA

Source: https://baothanhhoa.vn/thu-tuong-dua-the-che-thanh-loi-the-canh-tranh-cua-cac-doanh-nghiep-256984.htm


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