The Prime Minister requested to take people and businesses as the center, consider the difficulties of people and businesses as our own difficulties to proactively support and accompany.
Prime Minister Pham Minh Chinh has just signed and issued a Directive on promoting the development of small and medium-sized enterprises. In the Directive, the Prime Minister emphasized that the private economic sector, focusing on small and medium-sized enterprises (accounting for about 98% of the total number of enterprises operating in the economy), always plays a very important role in socio-economic development.
The private economic sector contributes more than 50% of GDP, 30% of total state budget revenue, creating more than 40 million jobs (accounting for more than 82% of the total number of workers in the economy).
However, small and medium enterprises still face many difficulties and challenges to develop rapidly and sustainably in terms of quantity, scale, quality and operational efficiency.
“Do not criminalize economic relations and civil relations”
In order to remove barriers and difficulties, the Prime Minister requested drastic implementation of the goal of developing small and medium enterprises quickly and sustainably, increasing in quantity, quality, scale, operational efficiency and making important contributions to the economy. Strive to have at least 1 million more enterprises by 2030.
Prioritize the allocation of resources to support the development of small and medium enterprises, focusing on supporting innovative start-up small and medium enterprises, improving their competitiveness to participate in the value chain.
Relevant ministries, branches and localities must uphold their sense of responsibility, take people and businesses as the center, consider the difficulties of people and businesses as their own difficulties to proactively support, accompany and resolve them in the spirit of “not saying no, not saying difficult, not saying yes but not doing”, “not criminalizing economic relations and civil relations”.
According to the Directive, one of the key tasks is to perfect policies and laws, reform administrative procedures, and create a favorable and equal investment and business environment for small and medium-sized enterprises.
The Prime Minister requested to cut down administrative procedures to the maximum extent, by 2025 reduce at least 30% of administrative procedure processing time; reduce at least 30% of compliance costs; abolish at least 30% of unnecessary business conditions. Strongly shift management from “pre-inspection” to “post-inspection”, associated with strengthening inspection and supervision.
Regarding planning and infrastructure development, the Prime Minister requested the development of economic corridors, industrial – urban – service belts close to new centers (Long Thanh airport, international financial center). Proactively propose solutions to develop new industries (semiconductors, chips…), thereby guiding and supporting the activities of small and medium enterprises.
Support small and medium enterprises to access finance and credit
The Prime Minister assigned the Ministry of Finance to find effective solutions to promote lending activities of the Small and Medium Enterprise Development Fund to create a channel for capital mobilization at reasonable costs for small and medium enterprises.
Thoroughly simplify processes, procedures, and documents to support tax incentives and value-added tax refunds for businesses; research and apply post-audit methods so that small and medium-sized enterprises are not affected in terms of cash flow and business operations.
The State Bank of Vietnam focuses credit on production and business sectors, priority sectors, traditional economic growth drivers (consumption, investment, export) and new growth drivers. Strictly control credit for potentially risky sectors, ensuring safe and effective credit operations.
The Prime Minister also requested ministries, branches and localities to effectively implement activities to support the training of high-quality human resources for small and medium-sized enterprises, focusing on training to improve qualifications and professional skills for employees at enterprises; in-depth training in business administration; training according to actual needs at enterprises; and online training for enterprises.