Prime Minister pledges more support to businesses

The Government will create more favourable conditions for businesses and businesspeople in all economic sectors to gain fair access to development resources, Prime Minister Pham Minh Chinh affirmed on October 12.
Prime Minister pledges more support to businesses ảnh 1Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA)
Hanoi (VNA) – The Government will createmore favourable conditions for businesses and businesspeople in all economicsectors to gain fair access to development resources, Prime Minister Pham MinhChinh affirmed on October 12.

Addressing a meeting held in Hanoi by the VietnamChamber of Commerce and Industry (VCCI) to mark the Vietnam Entrepreneurs Day(October 13), the leader attributed the achievements Vietnam has recorded over thepast time to the active participation of domestic entrepreneurs.

The Party and the State always highly value the roleof entrepreneurs and the business community, he stressed, commending theircontributions to national construction and development, and poverty reduction.
Vietnam counts more than 900,000 operationalenterprises, about 14,400 cooperatives and more than 5 million businesshouseholds. The number of businesspeople has reached millions.

The business circle makes up over 60% of the nationaldomestic product (GDP), and employs some 30% of the workforce.

The number of enterprises is expected to be at least2 million by 2030, and the private economic sector hoped to make up 60-65% of the GDP.

Prime Minister pledges more support to businesses ảnh 2PM Pham Minh Chinh (5th from left, first row) and outstanding businesspeople pose for a group photo (Source: VNA)
The PM said the Government will further supportentrepreneurs and the business community, helping them develop in both qualityand quantity, and fulfill their social responsibilities.

Solutions will be rolled out concertedly tofacilitate people’s and businesses’ access to credit loans, while institutions,mechanisms and policies will be built and perfected to match the new situation,he continued.

The leader noted that the Government will createconditions for the non-State economic sector to engage in socio-economicinfrastructure projects in the form of public-private partnership (PPP), and workto promote the development of private firms, especially in processing,high-tech and IT.

He urged them to invest more in scientific-technologicalapplication and high-quality personnel development, and to play a more active role inpoverty reduction and community-based programmes, contributing to enhancing thegreat national solidarity bloc. The PM also asked ministries, agencies and localities tofurther support businesses.

On this occasion, the organisers honoured 60 outstandingVietnamese entrepreneurs in 2022.

Prime Minister pledges more support to businesses ảnh 3PM Pham Minh Chinh presents awards to top ten outstanding Vietnamese businesspeople (Photo: VNA)
On behalf of the business community, the organisersalso presented 16 houses to residents in Ky Son district, the central provinceof Nghe An, who were affected by the recent floods, and 212 other houses topoor households nationwide./.
VNA

See more

State President Luong Cuong speaks at the ceremony. (Photo: VNA)

State President Luong Cuong welcomes new foreign ambassadors

Amidst complicated developments in the world, the President said he is confident that the countries will join hands with Vietnam at multilateral forums to address global issues, build a peaceful world with a fair political and economic order based on the fundamental principles of the UN Charter and international law.

National Assembly (NA) Chairman Tran Thanh Man addresses the meeting. (Photo: VNA)

Top legislator hosts various-tenure NA representatives from Soc Trang

NA Chairman Tran Thanh Man emphasised that the revolution to streamline the system is entering the second stage with numerous difficulties, urging Soc Trang’s representatives continue to strongly support the initiative. Streamlining the apparatus is to have more resources for development investment and socio-cultural sectors.

Prime Minister Pham Minh Chinh (thrid, left) hands over the decision to establish the Ministry of Ethnic and Religious Affairs to leaders of the ministry (Photo: VNA)

📝 OP-ED: Streamlined, effective administrative apparatus: A mark of March decisions

Within just the first 15 days of March - the month marking the commencement of the new organisational apparatus - a series of swift, decisive, and practical national and social policy decisions were made, demonstrating a firm commitment to the principles of ensuring an “elite, streamlined, strong, efficient, valid and effective” newly-formed system.

Prime Minister Pham Minh Chinh (Photo: VNA)

PM leads newly-formed steering committee for key railway projects

Prime Minister Pham Minh Chinh leads a steering committee for key national railway projects, while Deputy Prime Minister Tran Hong Ha serves as the committee's standing deputy head, and Deputy Prime Minister Ho Duc Phoc and Minister of Construction Tran Hong Minh as deputy heads.

Prime Minister Pham Minh Chinh works with the Vinh Phuc Party Committee's Standing Board on March 16 (Photo: VNA)

Vinh Phuc urged to take more drastic actions for stronger growth

Vinh Phuc's GRDP growth for 2021–2025 is projected at 7.4%, with total economic output expected to reach 190 trillion VND (7.45 billion USD) by 2025, 1.53 times higher than in 2020. Annual per capita GDP is forecast to rise to 148 million VND, while labour productivity is improving at an average of 11% per year.

People complete administrative procedures at the "one-stop shop" in Nhat Tan commune, Kim Bang district, Ha Nam province. (Photo: VNA)

National conference on provincial mergers scheduled

Currently, Vietnam has 10,035 commune-level administrative units, which will be consolidated into approximately 2,000 larger communes, each operating similarly to a small district. This restructuring is expected to begin immediately after the Party Central Committee's April meeting.

Prime Minister Pham Minh Chinh visits the Tam Dao livestock and beef processing complex project in Vinh Phuc (Photo: VNA)

Prime Minister inspects major projects in Vinh Phuc

Prime Minister Pham Minh Chinh toured the Tam Dao livestock and beef processing complex project, attended the groundbreaking ceremony for a social housing project in Nam Vinh Yen Urban Area, and surveyed proposed sites for urban and tourism developments as part of his working trip to the northern province of Vinh Phuc on March 16.

Prime Minister Pham Minh Chinh and delegates launch the construction of the 500 kV Lao Cai – Vinh Yen transmission line project (Photo: VNA)

PM sets higher requirements for 500 kV Lao Cai – Vinh Yen transmission line project

The 500 kV Lao Cai – Vinh Yen transmission line is a strategic national infrastructure project approved by the Government, with Vietnam Electricity (EVN) as the investor. The double-circuit transmission line will span 229.5 kilometers, with 468 tower foundations across the four northern provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc. The total investment for the project is over 7.41 trillion VND (290.41 million USD).

PM Pham Minh Chinh (L) speaks at a working session with Viettel. (Photo: VNA)

Defence industry should become a spearhead of national industry: PM

Domestically developed defence products, particularly strategic ones, have been laying the foundation for a strong, independent, and modern defence industry with dual-use applications. The sector should become a spearhead of the nation’s overall industry, PM Chinh stated.

Nguyen Van Thao, Vietnamese Ambassador to Belgium and Luxembourg, and Head of the Vietnam Mission to the European Union. (Photo: VNA)

Vietnam seeks stronger green finance cooperation with Luxembourg

The trip aims to study Luxembourg’s experience in developing an international financial centre and to explore opportunities for bilateral cooperation with the local government, financial institutions, investment funds, and banks. These discussions are expected to contribute to Vietnam’s plans to establish international and regional financial centres in Ho Chi Minh City and Da Nang.

Politburo member Nguyen Xuan Thang (R) and Prof. Young-Sup Joo (Photo: VNA)

Vietnam, RoK discuss tech-driven growth strategies

Thang, who is also Chairman of the Central Theoretical Council, highlighted Joo’s expertise in economic development, artificial intelligence (AI), and semiconductors, noting their relevance to Vietnam’s current tech-focused transformation.

NA Standing Committee Tran Thanh Man speaks at the meeting (Photo: VNA)

NA Standing Committee concludes 43rd session

In his closing remarks, NA Chairman Tran Thanh Man announced that the committee reached broad consensus on seven draft laws, paving the way for the NA’s ninth session in early May.