Promote business development, improve business investment environment

(Dan Tri) - The Government has identified the focus of direction in the coming time as perfecting institutions, removing barriers to restructure the economy; promoting business development, associated with improving the investment and business environment.

Step by step perfecting the legal framework for the financial and real estate markets

On the afternoon of October 20, at the 10th Session of the 15th National Assembly, Deputy Prime Minister Ho Duc Phoc presented a report assessing the situation and results of 5 years of implementing Resolution No. 31 dated November 12, 2021 of the National Assembly on the Economic Restructuring Plan for the 2021-2025 period.

According to the Government 's report, 23 out of 27 targets of the Resolution were evaluated, of which 10 targets were likely to be completed, 9 targets were difficult to complete and 4 targets were expected to be unachieved. For the 102 tasks assigned in Resolution No. 54, up to now, 86 tasks (accounting for 84.3%) have been completed, the remaining 16 tasks are being continued to be implemented.

In the five key task groups, the Government focuses on restructuring key areas such as public investment, the State budget, credit institutions and state-owned enterprises.

Regarding the State budget, the tax policy system continues to be improved, the revenue base is expanded, the proportion of domestic revenue is increased; at the same time, the role of financial policy in mobilizing and allocating resources for socio-economic development is enhanced.

According to information from the State Treasury ( Ministry of Finance ), as of October 16, the accumulated state budget revenue reached more than 2 million billion VND, equal to 102.35% of the year's estimate.

Domestic revenue (excluding crude oil) reached over 1.7 million billion VND, equal to 103.31% of the estimate; revenue from crude oil reached 39,037 billion VND, equal to 73.38% of the estimate. Meanwhile, balanced revenue from import and export reached 249,222 billion VND, equal to 106.05% of the estimate after deducting VAT refunds.

The State Treasury has expanded the implementation of electronic bilateral collection and payment with 20 commercial banks, promoting non-cash transactions with the State budget.

Panorama of Ho Chi Minh City in the early morning (Photo: Trinh Nguyen).

By the end of September, the entire State Treasury system had established 2,594 accounts at commercial banks, including 1,761 collection accounts and 833 payment accounts (including 2,454 accounts in VND and 140 accounts in foreign currency).

Regarding public investment, mechanisms and policies have been strongly reformed, removing obstacles, contributing to accelerating disbursement of investment capital and promoting growth.

Regarding state-owned enterprises, the Government focuses on perfecting institutions, removing difficulties, accelerating equitization and divestment, ensuring publicity and transparency, maximizing state benefits, and strengthening the leading role of state-owned enterprises in key areas.

Regarding the credit system, restructuring and bad debt handling are being carried out resolutely according to market principles, ensuring stable operations of weak credit institutions, improving credit quality and preventing new bad debts from arising.

At the same time, restructuring of public service units is being implemented in the direction of streamlining, improving operational efficiency, striving to reduce the number of units by at least 10% in the spirit of Resolution 19.

More broadly, the Government focuses on developing all types of markets, gradually perfecting the legal framework for financial, real estate, labor, science and technology markets, etc. to ensure transparent, safe and healthy operations.

Notably, the promotion of digital economy, green economy, and circular economy has created new momentum for growth. The proportion of industry and services in GDP increased from 78.5% in 2020 to 80.33% in 2025, reflecting a positive shift in the economic structure towards modernization, associated with the application of science and technology, innovation and improving labor productivity.

Promoting business development, associated with improving the business investment environment

In addition to the achieved results, Deputy Prime Minister Ho Duc Phoc also frankly pointed out the shortcomings and limitations such as the slow progress in building institutions and policies. In addition, the restructuring of state-owned enterprises and public service units has not met expectations. Labor productivity and efficiency in resource use are still limited; some markets are not operating effectively, not creating a breakthrough in the growth model.

The main reasons come from the complex and fluctuating world context, the unsynchronized legal system, cumbersome administrative procedures, and problems with decentralization and delegation of power.

Based on that reality, the Government has identified many key directions in the coming time. Specifically, continuing to improve institutions and remove barriers to promote economic restructuring. Accelerating disbursement of public investment and national target programs, striving to achieve 100% of the 2025 plan.

Promote the development of enterprises, especially state-owned enterprises, associated with improving the investment and business environment. Promote the leading role of large cities and growth poles. Accelerate the transformation of industry structure towards modernization, digitalization, and greening of the economy. Develop all types of markets associated with innovation, strongly applying digital technology. Towards a new growth model

The Government recommends continuing to monitor, supervise, and evaluate the progress of economic restructuring goals until the end of 2025; focusing on implementing key programs and projects, creating an open and equal investment environment; promoting the leading role of large cities and growth poles.

Along with that, the Government is researching and building a new economic development model associated with the high growth period, taking advantage of the achievements of the Fourth Industrial Revolution, promoting the application of science and technology, innovation, digital transformation; developing green economy, circular economy, and data economy.

Source: https://dantri.com.vn/kinh-doanh/thuc-day-phat-trien-doanh-nghiep-cai-thien-moi-truong-dau-tu-kinh-doanh-20251020210129551.htm