Businesses still face many difficulties and pressures
The socio-economic situation in July and the first 7 months of the year achieved many outstanding results. The macroeconomy continues to be stable, inflation is well controlled, and major balances are guaranteed. The seven-month average consumer price index (CPI) increased by 4.12%, up 0.04% compared to June (core inflation increased by 2.73%, up 0.02% compared to June) in the context of base salary increase.
Notably, business development continues a positive trend. Besides positive results, the production and business situation in some fields is still difficult. Accessing credit capital is still difficult. The real estate market is initially stable, but difficulties and problems are still slow to be resolved.
The above situation has had a great impact on the socio-economic development and employment of many workers. Therefore, many National Assembly deputies proposed that the National Assembly and the Government need to issue more policies on exemption, reduction, and extension of taxes, fees, and land rent; Review debt structure, extend debt for businesses as well as pay more attention to procedures to create favorable conditions for businesses to access loans with low interest rates.
Concerned that the private investment sector is facing many difficulties and challenges, National Assembly Delegate Tran Hoang Ngan (Ho Chi Minh City Delegation) expressed concern that the number of businesses withdrawing from the market is still high. That means that domestic private enterprises are facing many difficulties and are under a lot of pressure and challenges both internally and externally.
According to delegate Tran Hoang Ngan, the private enterprise sector is an area that accounts for a high proportion of development investment. On average, across the country, the private enterprise sector accounts for about 45-50%. In Ho Chi Minh City, the private sector accounts for 68-70% of total social investment capital.
Therefore, according to delegate Tran Hoang Ngan, there needs to be more supportive policies for Vietnamese businesses. Accordingly, the National Assembly and the Government need to issue more policies on exemptions, reductions, and extensions of taxes, fees, and land rents as well as reviewing the structure and extending debt for businesses as well as continuing to strength for the private enterprise investment sector.
In recent years, despite many difficulties, budget revenue has still increased. Therefore, public debt has been reduced to 37% of GDP.
Minimize cumbersome steps and procedures
In addition, delegate Hoang Van Cuong (Hanoi City Delegation) expressed concern that the number of businesses that will expand their production scale is only 27%. This figure is considered to be the lowest in many years, lower than in 2023 when the number of enterprises expected to expand production scale is 35% and during economic crisis periods such as in the period 2011- In 2013, this number was about 30%. Obviously, this is a very bad signal for economic growth, so solutions related to the development needs of businesses are needed.
Delegate Tran Anh Tuan (Ho Chi Minh City Delegation) said that resources and policies to support businesses in recent times have not been effective. According to delegate Tran Anh Tuan, currently, we have promulgated the Law on Support for Small and Medium Enterprises as well as policies to support businesses under the economic recovery and development program but have not encouraged businesses. Establishment and expansion of production and business investment. These policies have not really been applied in practice because businesses often complain that to receive support money, they have to do things that take a lot of time and the procedures are cumbersome. Therefore, ministries, branches and agencies need to have strong changes in policies to support business development, especially support for small and medium-sized enterprises...
