Illustrative image (Source: VNA)
 
Hanoi (VNA) – The National Economics University (NEU) has launched the Vietnam Annual Economic Report 2017, themed “Removing Barriers to the Development of Vietnamese Private Enterprises.”

The report was released at a March 22 seminar on Vietnam’s economy in 2017 and prospects for 2018 co-organised by the NEU, the Central Party Committee’s Economic Commission and the National Assembly Economic Committee

The report analyses the factual situations of private enterprises, compares them with those of State-owned enterprises and foreign invested enterprises, making judgments on the role of private enterprises in the whole economy, recommending general solutions to promote the development of the private business sector.

It said private enterprises have to encounter many barriers on entering the markets, which are related to factors of production including capital, labour, land, technology, infrastructure and logistics.

It also clarifies barriers related to business registration, the fulfillment of taxation and custom responsibility and business activities, pointing out subjective and objective causes, recommending solutions to break down the barriers, especially the institutions and government management.-VNA