Hanoi (VNA) – Prime Minister NguyenXuan Phuc has required Deputy Prime Ministers and Ministers to continueaccompanying businesses and remove difficulties to help them achievebreakthrough development in 2020 and the following years.

At a dialogue with enterprises in Hanoi onDecember 23, the PM raised four issues for the business community to discuss.

Firstly, the PM asked businesses to reportdifficulties that they encounter in production and business such as planning,access to land and credit, employment, administrative procedures, taxes,customs, licences, and water and electricity supply, particularly overlappinginspection procedures.

Secondly, he wanted to know about challenges andpressures that businesses face in the context of global economic downturn,national economic integration, and the Fourth Industrial Revolution, as well asbusinesses’ proposals on ways to help businesses increase resilience and competitiveness.The PM also asked the business community to recommend solutions to help theGovernment accomplish the goals for 2020 and the next five years.

Thirdly, the PM requested businesses to voicetheir ideas about breakthrough changes in incentive mechanisms for them.

Finally, he invited businesses’ initiatives on improvinginteractions between ministries and localities, and sharing effective businessmodels and good practice of localities.

According to Minister of Planning and InvestmentNguyen Chi Dung, businesses have actively contributed to the country’s grossdomestic product (GDP) and export growth over the past time. They are an importantlink in developing highly-competitive products, establishing value chains, andpromoting Vietnamese trademark in the global market.

Businesses have become a core force in generating jobs, improving workers’incomes, reducing poverty, and ensuring social stability.

Particularly, businesses play a crucial role inthe innovation and entrepreneurship ecosystem. Many private firms have beensuccessful in creating Vietnamese trademarks in information technology on theglobal startup map, such as FPT, Vingroup, TTC and Phenikaa University.

With the determination to bring Vietnam'sbusiness environment and competitiveness into the top group of the Associationof Southeast Asian Nations (ASEAN), the Government reiterated its commitment tocontinue accompanying businesses – the pioneering force in the economic front –to grow stronger.

Each year, Vietnam has over 126,000newly-established firms. The figure in 2019 is expected to reach 136,000 withtotal registered capital of about 1,700 trillion VND (73.3 billion USD),raising the total number of active businesses to 760,000. The country aims tohave one million businesses in 2020.

In 2016, the Prime Minister held the firstdialogue with businesses right after taking office. Afterwards, the Government forthe first time issued a resolution to support and develop businesses./.