From responsibility to opportunity

After Resolution 68 was issued, the Government quickly issued Resolutions No. 138/NQ-CP and No. 139/NQ-CP; the National Assembly issued Resolution No. 198/2025/QH15 with requirements, tasks, progress of building, completing, and implementing policies clearly stated. At the 9th Session of the 15th National Assembly, delegates voted to pass the Resolution on a number of special mechanisms and policies for developing the private economy.

Obviously, the resolutions of the Politburo , the Government, and the National Assembly have been synchronized and complete, and are an important driving force and great encouragement for the business community. The "support" has been formed, but the current problem is how to institutionalize these important resolutions into specific mechanisms and policies with high feasibility in practice, thereby arousing the spirit and best promoting the capabilities of businesses and business households.

Yen Bai currently has nearly 3,500 enterprises, of which there are over 2,270 limited liability companies (accounting for 65.79%), 759 joint stock companies (accounting for 21.96%), nearly 400 private enterprises (accounting for 10.5%), 50 FDI enterprises (accounting for 1.44%), 8 100% state-owned enterprises managed by localities (accounting for 0.23%) and 3 100% state-owned enterprises managed by the Central Government (accounting for 0.08%).

Every year, the business community contributes to the State budget over 60% of the total revenue in the area. Not only that, businesses also create jobs with stable income for over 50,000 workers. Although it is a mountainous province, located deep inland, without much potential or advantage, with the heart, vision and support of the local government, many private enterprises have developed strongly in both scale and technology, gradually affirming the national brand and reaching the world.

That result, that achievement is the tireless efforts of the business community and the attention and companionship of leaders, authorities at all levels with specific solutions and actions. In particular, the province has promoted the development of all forms of production, business, supply of goods and services according to the market value chain; strong, fair and transparent development among economic sectors (state economy, collective economy, foreign-invested enterprises, private enterprises) to increase added value and expand the consumption market.

At the same time, build corporate culture; innovate, improve competitiveness, access and apply advanced science and technology in production, business and corporate governance. Develop the labor market, train high-quality human resources, workers with professional and specialized qualifications...

Not only that, Yen Bai has specific policies to support businesses in accessing land, capital, high-quality human resources; supporting small and medium enterprises in digital transformation to optimize operations and improve production and business efficiency. In addition, the province maintains the "Weekend with people and businesses" movement; the "Business Coffee" program; meetings and dialogues with businesses and cooperatives to promptly grasp and remove difficulties, creating favorable conditions for attracting investment and developing businesses.

However, the private sector in the province is still facing many barriers that hinder its development, and has not yet made a breakthrough in terms of scale and competitiveness. Most micro, small and medium-sized enterprises are still limited in terms of financial potential and management skills as well as technological and innovation capacity; labor productivity, operational efficiency and competitiveness are not high; business thinking lacks strategic vision, and lacks connection with state-owned enterprises and foreign direct investment enterprises, etc.

Therefore, removing "bottlenecks" for the private economy to break through in the spirit of Resolution 68 has become the responsibility of local authorities, the business community, especially private enterprises. The province needs to make the most of central policies and mechanisms, while continuing to eliminate inappropriate administrative procedures, minimizing cumbersome procedures that are still too formalistic, causing obstacles and difficulties for businesses.

At the same time, the province needs to continue to improve synchronous and consistent mechanisms and policies; support information on policies, markets, and administrative procedures for businesses and business households; create a favorable and healthy investment and business environment as well as all conditions for private enterprises to participate in the supply chain. In addition, the arrangement of the State apparatus, the construction of a 2-level local government model, and the complete shift from "management government" to "service government" are opening a new era, expanding the space for private enterprises to develop.

Along with the attention from the central to local levels, private enterprises themselves also need to proactively transform themselves, quickly access information technology to apply in business, catch up with new trends; effectively take advantage of the opportunities that resolutions bring to build a long-term vision, enhance competitiveness in the context of integration. Those solutions are the "key" to remove bottlenecks, unlock resources, and open up a new push for the private economy to "take off" and reach far, towards the goal of double-digit growth in the era of national development.

The province has always focused on administrative reform, improving the investment environment, supporting and removing difficulties for businesses, especially simplifying administrative procedures in the fields of investment, construction, natural resources, environment, land, tax and customs. Thanks to outstanding efforts in administrative reform, supporting businesses, improving the investment, business and economic management environment, in 2024 Yen Bai ranked 9th out of 63 provinces and cities in the Satisfaction Index of People and Organizations with the Services of State Administrative Agencies (SIPAS Index) and in the Administrative Reform Index (PAR Index).

Thanh Chi

Source: https://baoyenbai.com.vn/12/351426/Tu-trong-trach-den-co-hoi.aspx