Measures sought to develop enterprises in HCM City
The third session of the ninth People’s Council of Ho Chi Minh City on December 7 focused on measures to realise the target of 50,000 new firms in 2017 and 500,000 by 2020.
HCM City (VNA) – The third sessionof the ninth People’s Council of Ho Chi Minh City on December 7 focused onmeasures to realise the target of 50,000 new firms in 2017 and 500,000 by 2020while improving local business performance.
Currently, the city has 290,000enterprises. Of which, 36,000 were established in 2016, with 39.8 percent inreal estate, and 18.7 percent in trading – retail, and only 6.4 percent inscience and technology field.
Deputy Pham Quoc Bao said despite thestatistics, only 175,000 firms are actually operational, and the number ofthose which suspended operation or moved out of the city is rising. In order toachieve the set target of new enterprises, it is necessary to review statisticsand the real performance of firms, while more attention should be paid tofirms’ quality, he said.
Deputy Cao Anh Minh suggested that the cityoffer more incentives to encourage new firms in support industry and science-technologyfield.
Another deputy, Cao Thanh Binh cited asurvey conducted in several districts on the conversion of family businessesinto firms, which showed only a few of them have changed their models.
Council deputies paid attention to the needto develop public services to support the increasing number of local firms,including administrative reform and the tax agency’s workforce.
Director of the municipal Department ofTaxation Tran Ngoc Tam said his department is working with local tax agenciesto assist family businesses in changing their operation model.
According to Director of the municipalDepartment of Planning and Investment Su Ngoc Anh, the city has designedfunding packages to support newly established firms.
He stressed that the authorities are doingtheir best to improve the investment environment and business climate tofacilitate business operation and expansion.-VNA
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At the session (Source: VNA) 
