The Government hopes to hear from enterprises and internationalorganisations to better design policies and mechanisms for businessactivities and boost sustainable economic development, Prime MinisterNguyen Tan Dung said at the Vietnam Business Forum (VBF) that opened inHanoi on December 2.
The PM said theparticipants’ straightforward and constructive opinions given at theforum will serve as the basis for the Government to adjust and completeits policies, making them more practical and effective in the spirit ofbacking the development of the business community.
He made clear the goals that the Government had set for 2015, includingensuring macro-economic stability, achieving a GDP growth of 6.2percent, reducing inflation rate to 5 percent, and keeping bad debts at asafe level.
The Government also targeted an average 6.5-7 percent growth for the 2016-20 period, said the cabinet leader.
To this end, the Government will continue completing institutions of amarket economy, prioritising the reform of institutions, legal systemand administrative procedure whilst developing capital, currency, labourand real property markets, thus enabling businesses to enhance theircompetitiveness, he said.
The business environmentwill also be improved, along with stronger fight against smuggling, fakecommodities and tax evasion, he pledged.
PM NguyenTan Dung stated that Vietnam is intensifying internationalintegration by making full use of trade deals and speeding upnegotiations for new ones.
He also underscored thatcorruption prevention and fight is one of the Government’s priorities,focusing on reforming administrative procedures and stepping uptransparency in the management of public assets, finance and budget,minerals and State-owned enterprises.
In addition,the Government will also work harder to ensure social welfares in allfields, including employment, health care, education and povertyreduction.
Meanwhile, Virginia Foote, Co-chair ofthe forum, noted that since the previous forum in June, Vietnam hasgained remarkable progress in a number of areas important to thebusiness community.
She highlighted the NationalAssembly’s recent approval of the revised Laws on Investment andEnterprises and the implementation of the revised law taxation, whichwill help reduce tax declaration duration for enterprises and ease theconditions for granting work permit to foreigners. She added that theGovernment has also paid attention to the recognition and enforcement ofdecisions by foreign arbiters, while the ceiling on advertisingspending will be abolished along a detailed roadmap.
The VBF was established as a project of the Vietnam Consultative Groupat a meeting between the Vietnamese Government and its donor partnersin Tokyo in 1997. It is an official dialogue between the Governmentand the business community for the building of a favourable businessclimate, attracting investment and encouraging economic growth.
This year, the forum was held in a context that a series of actionswere taken by the Government to improve the investment environment,increasing the transparency and gaining confidence of investors.
High on the agenda of the forum this time are the issues related tobad debts, public debts, ways to boost private sector’s growth, labour,the equitisasion of State-owned enterprises, administrative procedurereform, and emerging matters in joining trade deals.-VNA
The PM said theparticipants’ straightforward and constructive opinions given at theforum will serve as the basis for the Government to adjust and completeits policies, making them more practical and effective in the spirit ofbacking the development of the business community.
He made clear the goals that the Government had set for 2015, includingensuring macro-economic stability, achieving a GDP growth of 6.2percent, reducing inflation rate to 5 percent, and keeping bad debts at asafe level.
The Government also targeted an average 6.5-7 percent growth for the 2016-20 period, said the cabinet leader.
To this end, the Government will continue completing institutions of amarket economy, prioritising the reform of institutions, legal systemand administrative procedure whilst developing capital, currency, labourand real property markets, thus enabling businesses to enhance theircompetitiveness, he said.
The business environmentwill also be improved, along with stronger fight against smuggling, fakecommodities and tax evasion, he pledged.
PM NguyenTan Dung stated that Vietnam is intensifying internationalintegration by making full use of trade deals and speeding upnegotiations for new ones.
He also underscored thatcorruption prevention and fight is one of the Government’s priorities,focusing on reforming administrative procedures and stepping uptransparency in the management of public assets, finance and budget,minerals and State-owned enterprises.
In addition,the Government will also work harder to ensure social welfares in allfields, including employment, health care, education and povertyreduction.
Meanwhile, Virginia Foote, Co-chair ofthe forum, noted that since the previous forum in June, Vietnam hasgained remarkable progress in a number of areas important to thebusiness community.
She highlighted the NationalAssembly’s recent approval of the revised Laws on Investment andEnterprises and the implementation of the revised law taxation, whichwill help reduce tax declaration duration for enterprises and ease theconditions for granting work permit to foreigners. She added that theGovernment has also paid attention to the recognition and enforcement ofdecisions by foreign arbiters, while the ceiling on advertisingspending will be abolished along a detailed roadmap.
The VBF was established as a project of the Vietnam Consultative Groupat a meeting between the Vietnamese Government and its donor partnersin Tokyo in 1997. It is an official dialogue between the Governmentand the business community for the building of a favourable businessclimate, attracting investment and encouraging economic growth.
This year, the forum was held in a context that a series of actionswere taken by the Government to improve the investment environment,increasing the transparency and gaining confidence of investors.
High on the agenda of the forum this time are the issues related tobad debts, public debts, ways to boost private sector’s growth, labour,the equitisasion of State-owned enterprises, administrative procedurereform, and emerging matters in joining trade deals.-VNA
