Ho Chi Minh City urges to build a plan for private economic development

Ho Chi Minh City has just requested departments, branches and localities to urgently develop plans for private economic development, create a favorable environment, support business development, and accompany the city's growth.

Ho Chi Minh City is creating conditions for the private economy to develop strongly, helping businesses feel secure in investing and accompanying the city's development - Photo: CHAU TUAN

According to the Ho Chi Minh City People's Committee, private economic development is being implemented synchronously according to Decision No. 2205 (implementing the action program of the City Party Committee and Resolution 68 of the Politburo ). The City requests units to urgently complete plans and reports.

The decision emphasizes that in the context of Ho Chi Minh City continuing to affirm its role as an economic locomotive and center of innovation, developing the private economic sector is a long-term strategic task. The city advocates eliminating prejudices and ideological barriers, ensuring property rights, freedom of business and fair competition.

The plan's objective is to create a favorable and equal investment and business environment, and to best mobilize resources from enterprises to develop Ho Chi Minh City. Some contents of the resolution state that localities and departments need to consider the difficulties of enterprises as common difficulties, and the success of enterprises is the success of the government.

The Ho Chi Minh City government will accompany, serve, and support the private economy to develop rapidly and sustainably, without administrative intervention contrary to market principles, and will build open, friendly, and development-creating relationships.

Departments, People's Committees of wards, communes and special economic zones are required to change their thinking: shift from management to service, focus on people and businesses, modernize data-based governance, unify policy implementation, eliminate the "ask and give" mechanism and the mindset of "if you can't manage, ban".

Administrative procedures will be reviewed, cutting at least 30% of processing time, 30% of legal compliance costs, applying digital technology , artificial intelligence, big data to make processes transparent, especially in terms of market entry and exit, land, investment, construction, tax, customs, insurance, intellectual property, standards and regulations.

Currently, many key transport infrastructure projects are being proposed for investment by businesses - Photo: CHAU TUAN

Ho Chi Minh City also focuses on removing difficulties in land, capital, and high-quality human resources for the private economy, encouraging businesses to participate in key projects , promoting public-private cooperation, expanding private investment in strategic areas such as infrastructure, energy, information technology, urban railways, key industries, and urgent tasks under the guidance of central agencies.

Authorities review outstanding contracts and pay outstanding debts to avoid misappropriation of capital and loss of social resources.

The Department of Finance coordinates with units to implement policies to support small and medium enterprises. At the same time, it implements a policy of exempting corporate income tax for the first three years, abolishing business license fees and unnecessary business conditions, and switching to a mechanism of announcement and post-audit to reduce costs and create maximum convenience for businesses.

Support and protect private economic enterprises

The Ho Chi Minh City People's Committee assigned the Department of Culture and Sports to coordinate with media and press agencies to regularly propagate the city's resolutions and action programs, emphasizing the important role of the private economy as mentioned above.

At the same time, relevant agencies will strictly handle acts of harassment, false information, and causing difficulties for businesses and business households.

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CHAU TUAN

Source: https://tuoitre.vn/tp-hcm-don-doc-xay-dung-ke-hoach-phat-trien-kinh-te-tu-nhan-20251108131140735.htm