01 MILLION ENTERPRISES SHALL BE IN VIETNAM BY 2020

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At the Resolution No. 35/NQ-CP dated May 16, 2016 on business support and development to 2020, the Government has set a target for our country, in which by 2020, there will be at least 1 million enterprises including potential large-scale ones; the private sector is expected to contribute to approximately 48 – 49 % of GDP and about 49% of the total social investment; the labor productivity is expected to increase by about 5% per annum…

To achieve these goals, there are some tasks and solutions need to be concentrated on, such as: Administrative reforms conducive to enterprises; Creation of favorable business environment for startups and innovative enterprises; Ensure the freedom in business and award enterprises equal business and resources opportunities; Reduction of business costs; Protection of enterprises’ rights and interests…

In which, there are some policies for the grant of production land in industrial zones or industrial clutches to enterprises and apply flexible due date for payment of rental land according to the use of SMEs; examining and reform loan procedures, enhance the assessing capacity to shorten the waiting time and facilitate the capital mobilization; examining and adjust regulations of laws on land to reduce land rents, charges for land repurposing and other business costs; adjusted road tolls, BOT fees to reduce business costs, especially for freight companies…