Maximize the scope and opportunities for private investment

The Government encourages and facilitates private investment in infrastructure development, advantageous industries and products...

The Prime Minister's Decision approving the Overall Project on Economic Restructuring for the 2013-2020 period, with an orientation on investment restructuring, focusing on public investment: Reasonable mobilization of resources for development investment, ensuring total social investment of about 30-35% of GDP, maintaining at a reasonable level major balances of the economy such as: savings, investment and consumption, state budget, trade balance, international balance of payments, public debt and national foreign debt,...

Maintain a reasonable proportion of state investment, about 35-40% of total social investment; spend about 20-25% of total budget expenditure on development investment. Innovate the mechanism of capital allocation and management, overcome the situation of scattered, dispersed and wasteful investment, and improve the efficiency of state investment.

The Government encourages and facilitates private investment in infrastructure development...

According to this Decision, the scope and opportunities for private investment, especially domestic private investment, will be maximized. Private investment will be encouraged and facilitated in infrastructure development, development of industries, products with advantages, development potential and dynamic economic zones.

Along with the above orientation, in the proposed solutions, the Government assigned the Ministry of Planning and Investment to preside over and coordinate with ministries, agencies and localities to review, amend and supplement mechanisms and policies on the business environment in the direction of: Removing barriers, abolishing or supplementing and amending outdated regulations that are not suitable for the market mechanism and international economic integration; creating investment incentive mechanisms that are attractive and feasible enough, first of all, tax incentives and other investment incentive measures to expand and increase investment and business opportunities for the private economic sector; improving the effectiveness and quality of national governance to improve and upgrade the quality of the business environment.

At the same time, continue to simplify and reduce administrative procedures; reduce costs of administrative and legal enforcement for people and businesses.

Do not develop or promulgate regulations prohibiting or restricting the business rights of people and enterprises due to weak capacity and management level of relevant state management agencies, regulations that are not suitable to the conditions and actual life of the majority of people and enterprises; overcome the situation of promulgating new regulations that do not ensure feasibility, cannot be implemented or are implemented ineffectively, causing harm to the legitimate interests of people and enterprises./.

According to (vov.vn) - LT