Vinh City holds a dialogue with local businesses and cooperatives

Comrade Tran Ngoc Tu - Deputy Secretary, Chairman of Vinh City People's Committee chaired the discussion. Also attending were representatives of provincial departments, branches and business associations and entrepreneurs in the area.

More than 200 delegates representing departments, sectors, businesses and entrepreneurs attended the Seminar to give their opinions to the Vinh City People's Committee on policies to support investment cooperation and joint ventures. Photo: Nguyen Hai

In recent years, despite facing many difficulties and challenges, Vinh city has proactively implemented many solutions to ensure a favorable business and production environment, attract investment to promote economic growth and sustainable development.

After more than 4 years, the number of newly registered enterprises and cooperatives increased from 3,759 enterprises and 35 cooperatives in 2016 to over 6,300 enterprises and 86 cooperatives in 2019, along with more than 22,000 business households.

Among enterprises, Joint Stock Companies and Limited Liability Companies continue to account for the majority, the quality and quantity of labor are increasingly improved, currently the city has 270 enterprises participating in import and export activities with a turnover of 250 million USD; the cooperative economy with cooperatives as the core continues to receive attention for development. In the area, investment cooperation models have initially been formed, contributing to upgrading infrastructure and commercial business in the area...

Besides the above advantages, enterprises and cooperatives in the city mainly produce on their own, operate on a small scale and have low-level joint ventures and associations; there are not many investment cooperations.

Business representatives speak at the seminar. Photo: Nguyen Hai

At the seminar, representatives of departments, branches, business associations and entrepreneurs made a number of statements to clarify the current situation of investment cooperation, experiences from business practices and propose to the city solutions to remove difficulties and bottlenecks to promote investment cooperation and joint venture activities in the coming time.

Comrade Tran Quang Lam - Vice Chairman of Vinh City People's Committee received comments and suggestions to promote investment cooperation and joint venture activities of enterprises and business households in the city. Photo: Nguyen Hai

At the end of the discussion, on behalf of Vinh City leaders, Mr. Tran Quang Lam - Vice Chairman of the City People's Committee sincerely thanked the participation and sincere and open comments of representatives of businessmen and associations.

Based on the acceptance of suggestions on good practices as well as limitations in supporting investment cooperation and joint venture activities in the area, the City People's Committee will assign relevant departments to receive and revise and perfect support policies to promote production and business; issues under the authority of the city and province will be recommended to departments and the Provincial People's Committee for consideration and resolution.

Mr. Tran Quang Lam - Vice Chairman of Vinh City People's Committee

It is known that Vinh City is a locality that conducts monthly dialogues in the form of Business Coffee and this is the first time the dialogue is on the topic of enhancing investment cooperation and joint ventures, links between enterprises, cooperatives and business households between the City and localities at home and abroad.