PM directs boosting support for enterprise development

Prime Minister Nguyen Xuan Phuc has issued a directive, requesting strong enforcement of Resolution No. 35/NQ-CP dated May 16, 2016 on enterprise development policy to 2020 in the spirit of the Government accompanying enterprises.

The PM requested ministries, sectors, and localities to devise comprehensive and drastic measures to implement their tasks.

He ordered the Ministry of Planning and Investment to continue organising training courses to help small- and medium-sized enterprises enhance the management capability and financial transparency, thus gaining better access to credit.

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The PM also urged revision of Decree 78/2015/ND-CP dated September 14, 2015 on enterprise registration to reduce business starting cost, and submit to the Government for approval in 2018.

The Finance Ministry was tasked with drafting revisions to the laws on taxation, quickly removing tax-related problems and proposing simplified tax and accounting procedures for small-sized businesses.

The ministry was also told to build a decree on the use of e-invoice, publish the list of 1,000 biggest corporate tax payers of Vietnam, and research revisions to the Securities Law to facilitate indirect foreign investment.

The directive requested the Ministry of Natural Resources and Environment to review all regulations on land revocation, ground clearance, land renting, land-use change, land pricing, and land access for small- and medium-sized enterprises.

The Ministry of Justice was instructed to enhance its appraisal of legal documents in line with the Law on Promulgation of Legal Documents 2015 to ensure that the promulgation of regulations on business investment conditions and administrative procedures is in line with authority, and the regulations are truly necessary, rational, transparent and feasible.

The Ministry of Transport was asked to issue instruction on reviewing investment costs of Build-operation-transfer (BOT) projects and monitor the collection of tolls to determine the period of time and amount of fee collection; addressing shortcomings in operation, location and toll collection of BOT transport projects; and installing automatic toll collection technology at all toll stations across the country.

The Ministry of Science and Technology needs to accelerate measures to help enterprises modernise their technology and enhance their science-technology application via the national programme on science and technology. The ministry was also required to intensify the intellectual property development programme period 2016-2020, thus accelerating intellectual property registration, and announcing norms and standards for local innovative products.

The Ministry of Education and Training was tasked with trimming administrative procedures in granting investment licences in the sector to encourage investment in universities. It was also instructed to early submit to the Government a decree on autonomy of public universities.

The PM also urged Ho Chi Minh City, Binh Duong, Binh Dinh, Binh Thuan, Cao Bang, Hai Phong, Dak Lak, Long An, Nam Dinh, and Tra Vinh provinces to quickly set up hotlines to assist local enterprises.

The directive required ministries, sectors and localities to increase their dialogues with enterprises, while the Vietnam Chamber of Commerce and Industry was asked to further boost the campaign “Vietnamese products conquer Vietnamese.”
VNA

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