During anOctober 25 meeting with 40 deputies who are attending the NA’s 6thsession in Hanoi, President Sang said as representatives for businessesnationwide, the deputies should promptly report to the NA difficultiesand obstacles that they are facing for timely solutions.
Director of the Vietnam Chamber of Commerce and Industry Vu Tien Locand several business representatives said in the current context of lowdemand and increasing unemployment, efforts of businesses alone are notenough to take them out of difficulties.
They saidcurrently, as many as 60 percent of enterprises could not pay theircorporate income tax, while many big players decided to leave themarket, negatively affecting a majority of small and medium-sizedbusinesses.
Capital and access to capital are stillcrucial needs of businesses in their efforts to maintain operation, thedeputies underscored, adding that the current economic policies are onthe right track but their implementation is being hindered by differentfactors, particularly group interests, while delayed administrativereforms pose further obstacles to businesses.
Thedeputies suggested that the State create a more equal play ground forprivate businesses while stepping up the equitisation work to mobilisesocial capital, and attracting more investment on high-tech projects.
They also asked for more effective market forecastwork and the setting up of technical barriers to protect domesticproducts, especially agricultural products.
Manydeputies held that it is necessary to increase the competitiveness ofVietnam ’s investment environment, while speeding up the settlement ofdebts.
Sharing the difficulties of the businesses,President Sang affirmed the Party and State’s consistent policy ofcreating favourable conditions for businesses to develop and expandoperation, particularly in the context of the economic slowdown.-VNA