A revised Enterprise Law will motivate enterprises and create atransparent business climate, policy-makers and economists haveaffirmed.
This was debated in Hanoi on July 29 during a workshopto forecast the impact of the amended Enterprise Law from theperspective of a global business index in 2013.
At the workshop,delegates focused on the shortcomings of the Enterprises Law 2005, andoutlined proposals and petitions for its revision to make it moretransparent and fair for businesses and people.
Lawyer Vu XuanTien said there was a need to revise and supplement some contents of therevised Enterprise Law to create conditions favourable to enterprisesand people who were interested in doing business. Specifically,inspections should be conducted on businesses a year after getting thecertificate of business registration.
Tien said that State-ownedenterprises should not be permitted to get directly involved inadvising and making policies or in controlling and regulating themarket, and performing other management tasks, so as to preventmonopoly. This was damaging the interests of other businesses, as is thecase at present.
Luong Minh Huan, of the Institute for BusinessDevelopment, attributed the dissolution or temporary halt in productionof a large number of businesses to poor inspection after registrationand limited support conditions.
Huan said, compared withregional countries, Vietnam's business conditions were lagging behindwith regard to finance, support programmes from the government, andbusiness support services.
According to Huan, apart fromsimplifying the business procedures and making transparent businesspolicies, relevant bodies needed to enhance inspections afterregistration and supervise business performances.
Pham Thi ThuHang, VCCI General Secretary, said that after eight years ofimplementation, the Enterprise Law 2005 still revealed deficiencies andlimitations that needed revamping if the quality of business had to beimproved.
In the last three years, the number of businesses thathad shut down or were dissolved remained high. As of the first quarterthis year, of the 790,000 newly-registered businesses, more than 296,000businesses were dissolved or had stopped production.
Theproblem mentioned above had forced relevant bodies to reconsider theexisting business conditions to see whether the Enterprise Lawfacilitated business or not, Hang said.-VNA
This was debated in Hanoi on July 29 during a workshopto forecast the impact of the amended Enterprise Law from theperspective of a global business index in 2013.
At the workshop,delegates focused on the shortcomings of the Enterprises Law 2005, andoutlined proposals and petitions for its revision to make it moretransparent and fair for businesses and people.
Lawyer Vu XuanTien said there was a need to revise and supplement some contents of therevised Enterprise Law to create conditions favourable to enterprisesand people who were interested in doing business. Specifically,inspections should be conducted on businesses a year after getting thecertificate of business registration.
Tien said that State-ownedenterprises should not be permitted to get directly involved inadvising and making policies or in controlling and regulating themarket, and performing other management tasks, so as to preventmonopoly. This was damaging the interests of other businesses, as is thecase at present.
Luong Minh Huan, of the Institute for BusinessDevelopment, attributed the dissolution or temporary halt in productionof a large number of businesses to poor inspection after registrationand limited support conditions.
Huan said, compared withregional countries, Vietnam's business conditions were lagging behindwith regard to finance, support programmes from the government, andbusiness support services.
According to Huan, apart fromsimplifying the business procedures and making transparent businesspolicies, relevant bodies needed to enhance inspections afterregistration and supervise business performances.
Pham Thi ThuHang, VCCI General Secretary, said that after eight years ofimplementation, the Enterprise Law 2005 still revealed deficiencies andlimitations that needed revamping if the quality of business had to beimproved.
In the last three years, the number of businesses thathad shut down or were dissolved remained high. As of the first quarterthis year, of the 790,000 newly-registered businesses, more than 296,000businesses were dissolved or had stopped production.
Theproblem mentioned above had forced relevant bodies to reconsider theexisting business conditions to see whether the Enterprise Lawfacilitated business or not, Hang said.-VNA
