On the morning of July 18, at the Government Standing Committee Conference with the business community, Member of the Party Central Committee, Minister of Finance Ngo Van Tuan said that in terms of institutions and implementation, this is still the biggest bottleneck.
The Government Electronic Information Portal quoted Minister of Finance Ngo Van Tuan as saying that some legal regulations are still overlapping and unsynchronized; the issuance of guiding documents in some fields is still slow; the understanding and organization of implementation between agencies and localities are not unified.
Although administrative procedures have been reformed, there is still a situation of dispersion, lack of intercommunication; digital transformation is not synchronized, businesses still have to declare many times, and submit paper documents in some procedures.
In some places, there is still a mentality of fear of responsibility, avoidance, and shirking in resolving work, affecting the progress of project implementation and production and business activities.
Businesses, especially small and medium-sized enterprises, still face many difficulties in accessing credit, land and production resources. Capital markets, investment funds, financial leasing and medium and long-term capital mobilization channels have not fully promoted their roles.
Problems with land funds, land price determination, site clearance and financial obligations continue to increase costs and prolong investment time.
Delays in payment, tax refunds, disbursement or handling of related procedures also create additional pressure on the cash flow and working capital of enterprises.
From there, leaders of the Ministry of Finance proposed a number of key solutions:
Regarding general solutions for the business sector, improve institutions, and substantially improve the investment and business environment. Promptly review and synchronously amend laws on investment, land, planning, construction, environment, fire prevention and fighting, bidding, enterprises, taxes, customs and specialized management; ensure that guiding documents are issued promptly and have clear transitional regulations.
Strongly shift from traditional pre-inspection to data-based post-inspection, based on risk management. Attach the responsibility of the head to the progress of resolution, overcome the situation of avoidance, fear of mistakes and shirking.
Accelerate the redesign of administrative procedures on a digital platform, not just digitizing paper dossiers. Implement the principle that businesses only provide information once; connect and share data; publicize focal points, progress and dossier processing status; automatically warn overdue dossiers.
Clearing capital and cash flow for businesses: Improving the legal corridor for lending based on cash flow, data, contracts, orders, receivables,...; expanding the scope of collateral for mobility, inventory, assets formed in the future, property rights, intellectual property, software and data.
Sort and thoroughly handle slow-progress projects, stalled projects, and abandoned land. Publicize planning data, land funds, land prices and project legal status on a unified system.
Apply risk classification to exempt and reduce inspections for well-compliant businesses.
For state-owned enterprises, focus resources on core industries, infrastructure and strategic industry; accelerate the progress of key projects, improve management efficiency and capital use. Urgently complete the list of strong, large-scale state-owned enterprises with leading roles.
For the private sector, ensure equality in access to capital, land, public investment, public procurement and infrastructure projects; support small and medium-sized enterprises to standardize management, accounting, technology and standards to expand scale and participate more deeply in the value chain, develop new business models such as "one-person businesses" to promote startups, and encourage business households to transform into businesses.
For the FDI sector, shift the focus of attraction from quantity to quality, prioritize high technology, research and development, innovation, clean energy, digital infrastructure and supporting industries; link investment incentives with technology transfer results, human resource training, using Vietnamese suppliers, energy saving and emission reduction.
