On the afternoon of February 27, at the Government headquarters, a Government Standing Committee Conference on Working with Vietnamese small and medium enterprises was held with the theme "The State makes, small and medium enterprises make a breakthrough in Vietnam in the new era".
According to the Government's Electronic Information Portal, at the Conference, Chairman of the Vietnam Association of Small and Medium Enterprises Nguyen Van Than proposed that the Government soon submit to the National Assembly to amend the Law on Corporate Income Tax, regulating tax reduction for all small and medium-sized enterprises to fuel revenue and support reinvestment in production and business;
Encourage the system of credit institutions to promote the form of mortgage lending based on assets formed in the future.
Mr. Nguyen Van Than analyzed that currently only about 30-35% of small and medium-sized enterprises can access bank loans with existing mortgaged assets, while there are "slight" some banks that lend based on assets formed in the future but "very small drops".
Mr. Nguyen Van Than proposed that the Government continue to direct institutional reform, improve the investment and business environment, strive to reduce at least 30% of the time for handling administrative procedures; at least 30% of business expenses, especially customs, expenses for compliance with regulations, unofficial expenses and abolish at least 30% of unnecessary business conditions.
Propose that the Government assign targets on small and medium-sized enterprise development to localities; at the same time, assign specific tasks in writing to the Vietnam Association of Small and Medium Enterprises to monitor, supervise and evaluate the implementation of this index; report to the Government and the Prime Minister.
Consider appropriate sanctions for entrepreneurs and businesses that have not fully fulfilled their obligations to the State in the context of needing to encourage growth as at present.
The leaders of the Vietnam Association of Small and Medium Enterprises also made a number of recommendations to remove difficulties and obstacles in land valuation; invest in social housing and energy.
The Association of Small and Medium Enterprises proposes to participate in monitoring, supervising, and independently evaluating the process of law making and enforcement, and the State's development programs and plans related to the private economy in general and small and medium enterprises in particular; participating in the Management Board of State support funds related to small and medium enterprises; providing a number of public services.
Mr. Dang Hong Anh - Chairman of the Vietnam Young Entrepreneurs Association - expressed his hope that the Government would direct commercial banks, depending on their scale, to reserve from 5-20 trillion VND for small and medium-sized enterprises with preferential interest rates with clear and specific credit granting conditions; extend the corporate income tax payment period to at least 6-12 months for small and medium-sized enterprises;
Strengthen the simplification of administrative procedures, shorten implementation time by 30-50%; organize training and consulting programs to improve the quality of human resources and apply information technology, digital transformation.
The Association also hopes to send representatives to attend major conferences and seminars of the Government, ministries and branches to contribute opinions, especially related draft laws.
