Businesses play key role in socio-economic development: Deputy PM

Deputy Prime Minister Trinh Dinh Dung (C) speaking at the forum (Photo: VGP)

Attending the Midterm Vietnam Business Forum 2019 held in Hanoi under the theme of “Roles of business community in rapid and sustainable development”, Deputy PM Dung laid stress on Vietnam’s robust economic growth in the past decade amid unfavourable global economy.

In a bid to harmonise economic growth with social stability, the Government has made concerted efforts to ensure the quality of growth, stabilise the macro-economy, develop environmentally friendly industries, and accelerate the production of high-tech products, among others.

Economic restructuring will be given special attention so as to improve the country’s competitive edge, he said, adding that focus will be channelled to the development of the supporting industry to increase Vietnamese firms’ presence in the global value chain, and shake-up in public investment, state-owned enterprises, finance-banking and energy sectors.

At the same time, investment in comprehensive transport, rural and urban infrastructure, as well as in education and training - a decisive factor for Vietnam’s sustainable growth, will be prioritized in the coming time.

Deputy PM Dung said that the Government is completing mechanisms to create a transparent business climate, and accelerating administrative procedure reforms to improve efficiency of investment and production.

Meanwhile, it will continue the external policy of multilateralisation and diversification of international relations, and enhance global integration through engaging in new-generation free trade deals, creating a motive for Vietnam’s growth in line with the global economic situations, he added.

Giving recommendations to better the business environment, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said that the Government should cut post-registration procedures for businesses, pen rational policies for micro and small businesses, create favourable conditions to enable firms to access capital, and safeguard the investment environment’s stability./.

NDO/ Recorded by LAO