New expectations for the investment and business environment.

(Baonghean.vn) - On the afternoon of April 22nd, after two days of discussions, the Spring Economic Forum 2015, held in Vinh City, Nghe An province, concluded with many important results.

With the main theme of finding solutions to improve the investment and business environment and turning words into action, the Spring Economic Forum 2015, organized by the Economic Committee of the National Assembly in collaboration with the Vietnam Academy of Social Sciences, the Vietnam Chamber of Commerce and Industry, and the Nghe An Provincial Party Committee, found common ground in its closing session this afternoon.

In his closing remarks at the forum, Comrade Nguyen Van Giau, Member of the Central Committee of the Party and Chairman of the National Assembly's Economic Committee, affirmed that the forum had assessed the results of achieving socio-economic goals in 2015 and the direction for 2015.

Comrade Nguyen Van Giau emphasized that to increase competitiveness, it is necessary to improve the capacity of businesses.

Many insightful contributions from leading economic experts showed that the topic of improving the investment and business environment was the most frequently discussed. The presentations included debates, answers, and dialogues, with diverse viewpoints.

The results of the socio-economic tasks in 2014 show that the economy is gradually recovering. This is evidenced by higher economic growth, good inflation control, a large trade surplus, a relatively low level of bad debt, and the vigorous implementation of economic restructuring with important initial results. The National Assembly has effectively monitored this issue and continued to issue specific resolutions, requiring the Government and government agencies to implement them.

With three key restructuring priorities, as outlined in the National Assembly's 4th session, resource allocation has become more orderly. The National Assembly has strengthened its oversight of this process. Furthermore, significant results have been achieved in the equitization and divestment of state-owned enterprises (SOEs). Numerous documents have been issued to promote the restructuring of SOEs and credit institutions.

Overview of the Forum

In terms of social aspects, significant progress has been made, including poverty reduction and job creation. The first quarter of 2015 showed a more positive economic trend, with higher growth and more favorable conditions.

Government reports indicate that these positive results were achieved thanks to the government's correct implementation of solutions to stabilize the macroeconomy and control inflation. Many delegates proposed adhering to market principles, aligning with international best practices, and accelerating economic restructuring, particularly in the state-owned enterprise sector, which requires a privatization law and a National Assembly resolution on privatization. Additionally, concerns were raised regarding the agricultural sector, suggesting a restructuring of production models to better absorb scientific and technological advancements and sustainably enhance its competitiveness.

Regarding integration, many experts have demonstrated that Vietnam has integrated and achieved many important integration indicators, even higher than some other countries. However, in reality, the sustainability of Vietnamese businesses is still weak, and they are not yet strong enough to integrate independently and effectively.

According to Comrade Nguyen Van Giau, to increase competitiveness, it is necessary to proactively improve the capacity of businesses; blaming state management agencies is unacceptable. Regarding FDI enterprises, he suggested incorporating the opinions expressed at the Forum, emphasizing that the important issue is combating corruption to improve the business environment and support business development.

Regarding bad debts, the comrade suggested that everyone should contribute to improving this issue, with the State Bank of Vietnam needing to be more proactive. Concerning exchange rates, experts should make direct recommendations and proposals to the State Bank of Vietnam. At the same time, the State Bank of Vietnam must provide specific and convincing statements. State management agencies need to listen and consider these suggestions to improve the effectiveness of management and operation. Improving the investment environment also involves many issues related to institutions, labor, culture, and ethics.

National Day

(THQH in Nghe An)