Dear Deputy Minister, to achieve the target of 2 million enterprises by 2030, which institutions and policies is the Ministry of Finance completing to support the private sector to grow more strongly?
- Resolution 68 focuses on improving the investment and business environment, simplifying administrative procedures, minimizing compliance costs and increasing support for the private sector to develop strongly, making an important contribution to GDP and the economy. The survey of the Private Economic Development Research Board (Board IV) shows that more than 46% of enterprises "expect/very much expect" the effectiveness of Resolution No. 68, achieving the highest average score in business confidence indicators.
To achieve the target of 2 million enterprises by 2030, the Ministry of Finance is continuing to proactively coordinate with agencies to perfect institutions, creating a favorable, transparent and equal business environment. Barriers to enter the market and compliance costs will be removed through substantial cuts to administrative procedures and reform of business conditions.
One of the challenges that the private sector, especially small and medium-sized enterprises, faces is access to resources, especially capital, land, technology and high-quality human resources. What solutions does the Ministry of Finance have to support businesses, Mr. Deputy Minister?
- Firstly, focus on reforming tax and fiscal policies to motivate small and medium-sized enterprises and enterprises to innovate; propose appropriate preferential mechanisms on corporate income tax for investment income in research, development and innovation activities; exempt and reduce some types of fees and charges in the initial stage for technology startups; apply a mechanism for deduction and quick tax refunds for enterprises with innovation investment projects.
Second, effectively operate the Small and Medium Enterprise Development Fund, through research and completion of the model of non-budgetary state financial funds to build an operating model that is most suitable to the requirements of state management, the support needs of private enterprises, especially small and medium enterprises and innovative enterprises.
Third, increase land access. The Ministry of Finance will actively coordinate with ministries, branches and localities to review and create conditions for enterprises to lease back surplus land, factories and infrastructure as public assets according to the principles of publicity and transparency; speed up the implementation of Resolution No. 198 to create conditions for small and medium enterprises, innovative enterprises, and industrial enterprises to support access to land funds in industrial parks and clusters.
The Ministry of Finance will also proactively promote support for digital transformation, governance training, finance - tax; strengthen coordination with business associations so that businesses can understand and promptly take advantage of support policies.
To achieve the business development goal, what tasks need we to focus on?
- First, continue to improve institutions and policies to support businesses according to the orientations of the Politburo in Resolution No. 68 and of the National Assembly in Resolution No. 198 to urgently put policies into practice to improve competitiveness for businesses.
Second, continue to cut costs and simplify administrative procedures to create a favorable, transparent and efficient investment and business environment. The Ministry of Finance is focusing on promoting digital transformation in the fields of tax, customs, and treasury, towards 100% of level 4 online public services.
Third, build and spread the spirit of entrepreneurship in society. The Ministry of Finance always identifies supporting businesses as not only issuing policies, but also a process of accompanying, listening, sharing and removing obstacles in a timely manner, developing policies in the direction of creating development.
