Contributing more than 50% of GDP but still facing many institutional barriers
From an economic component that contributes almost insignificantly or even is not included in the gross domestic product (GDP), the private economic sector has affirmed its position as having a large workforce and contributing more than 50% of GDP, 30% of the budget and 82% of jobs, contributing to hunger eradication, poverty reduction, brand development, and effective penetration into the world market.
In recent times, many private economic development policies have been issued simultaneously and quickly, but implementation in practice is still facing many barriers.
According to Ms. Luu Thi Thanh Mau - Vice President of the Vietnam Young Entrepreneurs Association, currently, the institutions and administrative procedures are still cumbersome and inconsistent between sectors and levels, causing difficulties for businesses. Many overlapping and inadequate legal regulations (such as the Land Law, Construction Law, Investment Law, Environmental Law), cause difficulties in application. The settlement of investment and land records is often delayed, affecting the progress of project implementation.
"Enterprise confidence is eroded due to an unstable and unpredictable policy environment, with rapid policy changes, causing difficulty in adaptation and risk of hoiiness. Small and micro enterprises are particularly vulnerable to potential legal risks and the institutionalization of economic and trade relations. In addition, existing barriers in mechanisms and policies have made it difficult for businesses to enter or expand the market" - Ms. Mau assessed.
According to the Vice President of the Vietnam Young Entrepreneurs Association, businesses also reported a lack of a mechanism for substantial policy feedback from the grassroots, and no "permanent legal consultation" channel for members.
Legal issues for digital assets, data and intellectual products have not been clearly identified in the Civil Code, creating legal gaps. The policy on green transformation, green urban areas, green works still lacks specificity and standard assessment tools" - Ms. Mau said.
Quitting to think from "management" to "creating and serving"
Proposing solutions to remove the above bottlenecks, Ms. Luu Thi Thanh Mau said that it is necessary to strongly and decisively innovate the thinking from "management" to "creating and serving". The State does not stop at the role of control, but needs to become a companion, a promoter, creating favorable conditions for businesses and people to develop.
When businesses and people truly become the center of the policy, all decisions will be closer to reality, easier to put into practice and bring practical results. This is an important shift to shorten the gap between institutions and practice, creating strong trust in the business community - Ms. Mau affirmed.
In further analysis, Ms. Luu Thi Thanh Mau emphasized that innovation in thinking must come with specific, drastic actions. A highlight emphasized by many delegates is the need to build an independent monitoring mechanism for policy implementation. This mechanism requires the participation of many components, especially the business community - the subjects directly affected.
"A transparent, multi-dimensional monitoring system not only helps detect inadequacies in a timely manner, but also creates motivation for the apparatus to implement operating policies more fairly and effectively. This is the key solution to ensure that the policy is truly put into practice, avoiding the situation of " saying more, doing less", while strengthening businesses' trust in the institution" - Ms. Mau said.
In addition, to create stability, transparency and eliminate the "term policy" mentality, the Vice President of the Vietnam Young Entrepreneurs Association said that legalizing major policies is an urgent requirement.
When a policy is upgraded to a law, it not only has binding legal value but also demonstrates the State's long-term commitment to businesses and people. This will create a stable, predictable and reliable investment - business environment, thereby encouraging businesses to confidently invest, innovate and develop" - Ms. Mau emphasized.
