Hanoi (VNA) -Prime Minister Nguyen Xuan Phuc will hold a meeting with businesses at theNational Convention Centre in Hanoi on December 23.

About 1,000 delegates who areleaders of the Party and National Assembly’s committees, ministries, businessesand international organisations will attend the meeting.

Speaking at a press conferenceheld by the Ministry of Planning and Investment (MPI) in Hanoi on December 19,Deputy Minister of Planning and Investment Vu Dai Thang emphasised that theGovernment wants to express its determination to accompany the businesscommunity and entrepreneurs, bringing Vietnamese businesses to a higher levelin the regional and global value chain.

In the process of renovation,the Party and the State have issued many guidelines and policies to encourageenterprises and the private sector to develop, creating favourable conditionsfor all people to promote the spirit of free business under the laws, Thangsaid.

Director of the MPI’s Departmentof Enterprise Development Le Manh Hung said that the spirit of start-up israpidly increasing, reflected in the number of newly registered businessesin the last five years.

In the period of 2016-2019,over 126,000 new businesses were established each year on average, he said.

This year, it is estimatedthat 136,000 new businesses have been set up, with total registeredcapital of about 1.7 quadrillion VND (73.3 billion USD), bringing the totalnumber of active businesses to about 760,000.

In recent years, besides largeState-owned corporations and foreign-invested enterprises, large economicgroups from the private sector have appeared, investing in industries andfields that have a great impact on the country's socio-economic developmentsuch as infrastructure, information technology, high technologyand manufacturing, Hung said.

Hung said Prime Minister NguyenXuan Phuc and delegates will review the development of the business area in thepast, including achievements and shortcomings, and recommend solutions topromote the development of businesses effectively and sustainably.

At the meeting, the Governmentleaders will talk with representatives of the business community aboutsolutions to ensure a safe and favourable business environment, policies,programmes and actions to support businesses.

On the sidelines of themeeting, there will be events including a display of products, services,technologies and machines of domestic corporations and businesses./.