The business community, Government bodies and sectors will seek out ways to boost the private sector at a conference late this month in Ho Chi Minh City.
Hanoi (VNA) – The business community, Governm🌳ent bodies and sectors will seek out ways to boost the private sector at a conference late this month in Ho Chi Minh City.
President of the Vietnam Chamber of Commercial and Industry (VCCI) Vu Tien Loc said the Government aims to make drastic moves to promote private firms.
The event is also expected to create a national action plan on developing the private sector, thus facilitating the operation of between 1.5 and 2 million firms by 2020.
Participants will also discuss incentives and preferential policies to help private firms grow in 2016.
According to the VCCI, with 1.5-2 million firms, the SME force could create stable jobs for between 30 and 40 million labourers.
SMEs account for 35 percent of overall business investment. They contribute nearly 50 percent of the nation’s annual growth.
The Ministry of Planning and Investment is compiling the Law on small- and medium-sized enterprises (SMEs). The law is scheduled to be scrutinised by the next National Assembly.-VNA
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Illustrative photo (Source: VNA)
