Many National Assembly deputies shared the view that the Government should take more drastic measures so as to achieve the goal of 1 million enterprises by 2020, noting the under-expectation results of Resolution 35/2016/NQ-CP on developing enterprises to 2020.
Chairman of the Vietnam Chamber of Commerce and Industry and a NA deputy of Thai Binh province Vu Tien Loc speaks at the session (Source: VNA)
Hanoi (VNA) – Many NationalAssembly deputies shared the view that the Government should take more drasticmeasures so as to achieve the goal of 1 million enterprises by 2020, noting theunder-expectation results of Resolution 35/2016/NQ-CP on developing enterprisesto 2020.
Vu Tien Loc, Chairman of theVietnam Chamber of Commerce and Industry and a NA deputy of Thai Binh province,said it will be a challenge to fulfill the target.
At present, the countryregisters 600,000 firms, which means in the next two years, each year shouldsee the establishment of at least 200,000 more enterprises in order to reachthe desired number, Loc said.
He added that it will be an impossiblemission, considering the current slowdown in the number of new firms, whilemore than 5 million household businesses, which contribute 30 percent of GDP,do not want to upgrade into official companies.
The NA deputy explained thatthere have not yet any suitable accounting and taxation regimes for small enterprisesto ensure fair treatment to them and household businesses. He called on theGovernment to study adjustments to the laws on accounting and tax to encourage smallenterprises.
Deputy Nguyen Van Than, also ofThai Binh province, shared Loc’s view, stressing that many household businessesdo not want to upgrade because they enjoy more preferential treatments thansmall enterprises do.
Deputy Luu Binh Nhuong of BenTre province joined in calling for revising regulations on household businessesin order to achieve the goal of 1 million firms in 2020.-VNA
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Chairman of the Vietnam Chamber of Commerce and Industry and a NA deputy of Thai Binh province Vu Tien Loc speaks at the session (Source: VNA) 
