Over 30 provinces pledge favourable conditions for businesses with VCCI

Thursday, 2016-08-25 11:20:32
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At the signing ceremony
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NDO – The Vietnam Chamber of Commerce and Industry (VCCI) signed an agreement with 32 central and southern provinces and cities for creating a business-friendly environment at a ceremony in Ho Chi Minh City, on August 24.

The deal between the VCCI and the provinces was in response to Government Resolution No. 35/NQ-CP on May 16, 2016 to support and develop businesses by 2020.

Addressing the signing ceremony, Deputy Prime Minister Vuong Dinh Hue, who is also head of the Steering Committee for Business Renovation and Development, called on all provinces and cities to set up a centre to support businesses, especially small and medium-sized enterprises (SMEs).

The centres will provide all kinds of support, including legal procedures to incorporate or close down companies; incorporation procedures; import-export activities; approaching the market; setting up a business project; technology; tax and land issues; and accounting.

He called on the VCCI to create the index this year so that it can be applied from 2017 onwards. Developing local credit guarantee funds was the Government’s other requirement from the VCCI and provinces.

The Government will subsidise 40-60 per cent of the centre’s operation costs with the rest covered by fees paid by companies, he said.

With the signing, the 32 provinces and cities have pledged to carry out the Government’s resolutions in improving the investment environment.

They are committed to implementing programmes and establishing models to support local companies and help them overcome difficulties.

Resolution No. 35 lists five tasks: reforming administrative procedures to improve the business climate; creating advantages for start-ups; ensuring a level playing field for all companies; helping reduce businesses’ costs; and protecting businesses’ rights and benefits.