Prime Minister requests to cut down on sub-licenses, reduce costs for businesses
The Prime Minister requested to promote decentralization and delegation of power in conjunction with enhancing the implementation responsibility of agencies and units; cutting down on unnecessary and inappropriate administrative procedures and licenses, which increase compliance costs.
Prime Minister Pham Minh Chinh has just signed an Official Dispatch on supporting businesses to overcome difficulties and promote production and business activities in late 2024 and the following years.
Creating a favorable environment for business development
In the content of the Official Dispatch, the Prime Minister requested Ministers, Heads of ministerial-level agencies, Government agencies; Chairmen of People's Committees of provinces and cities to focus on directing agencies, units, and subordinate levels to continue to make efforts and resolutely implement solutions and tasks within their authority to support businesses in removing difficulties and obstacles, promoting production and business activities in the coming months and years.
In particular, the Prime Minister requested that ministries, agencies and localities, in the process of building and promulgating policies, need to create a favorable environment to help businesses develop, including small and medium enterprises, so that this type of business can grow and develop.
At the same time, encourage large enterprises to support and promote small and medium enterprises to create domestic value chains and develop domestic supporting industries.
Support policies are necessary, practical and effective for businesses to compete fairly and effectively among regions; research on supporting cost reduction for businesses to improve competitiveness.
At the same time, promote decentralization and delegation of authority in conjunction with enhancing the implementation responsibility of agencies and units; cut down on unnecessary and inappropriate administrative procedures and licenses, which increase compliance costs.
The Prime Minister also requested to promote the public-private partnership mechanism, and at the same time, study a number of breakthrough initiatives to transform the economy into a green economy such as: Developing renewable energy by taking advantage of geographical advantages near the equator, tropical monsoon climate; developing green industrial and service clusters and zones; developing and producing competitive green hydrogen and ammonia.
Continue to effectively implement tax reduction and tax payment extension policies
The Prime Minister assigned the Ministry of Finance to study and develop appropriate tax policies to support sustainable development of enterprises, including small and medium enterprises; continue to effectively implement tax reduction and tax payment extension policies that have been issued; and speed up the process of value-added tax refunds for enterprises in accordance with legal regulations.
The Ministry of Planning and Investment needs to research and perfect institutions, policies and mechanisms for rapid, comprehensive and sustainable business development, especially mechanisms to encourage innovation, promote the endogenous strength of businesses, contribute to the economy, create jobs and livelihoods for the people.
Regarding the Ministry of Information and Communications, the Prime Minister noted that it is necessary to urgently study and complete the draft Resolution of the Government on digital transformation; preside over and coordinate with the Ministry of Science and Technology to build an institution to manage artificial intelligence (AI) in Vietnam, focusing initially on ethical rules, governance framework, risk management, product appraisal and evaluation framework, and a system of standards and regulations on AI.
The Ministry of Industry and Trade is required to increase trade promotion support to diversify production, diversify supply chain markets, etc., encourage businesses to export products to foreign markets; research and organize fairs and consumer festivals to stimulate consumption and other forms to increase purchasing power in the domestic market.
The Ministry of Natural Resources and Environment needs to study and develop mechanisms and policies on resource circulation to promote green transformation, circular economy, resource saving, environmental protection, and carbon reduction.
The Prime Minister also requested the State Bank of Vietnam to direct credit institutions to continue to cut costs, increase the application of information technology to reduce lending interest rates, promote credit growth, focus on production, business, priority sectors, and growth drivers of the economy (traditional growth drivers and new growth drivers).
The State Bank of Vietnam also needs to urgently preside over and coordinate with relevant agencies to remove difficulties and obstacles, effectively implement the 140 trillion VND credit package for social housing loans, preferential credit programs for forestry and fisheries, etc.
Regarding localities, the Prime Minister noted that it is necessary to proactively and actively meet, discuss, listen to comments and recommendations from businesses in order to promptly develop goals, tasks, development solutions, support and help businesses in the locality...
