The resolution came along with the Prime Minister’s message of building a facilitative, incorruptible and action-oriented government to serve the business community and the public.
In order to fulfil the targets set in the resolution, the government has instructed ministries, agencies and local authorities to implement reforms aimed at supporting start-ups and innovations, while ensuring the rights to doing business and access to resources. The government has targeted one million enterprises in 2020, cuts in land lease costs and a 50% reduction in income tax for employees in enterprises applying advanced technology and processing agricultural goods.
Last year the government focused on building institutions to drive the growth of enterprises as the genuine engine of economic growth. The central government urged provincial authorities to hold regular dialogues with investors and entrepreneurs to address their concerns in a timely manner, as well as established a hotline and website to collect feedback from businesses, among other measures.
The above-mentioned concrete steps have produced initial positive results, contributing to a successful year in relation to the growth of enterprises with an all-time record of more than 110,000 new companies established. Nearly 27,000 enterprises also resumed operations, up 24.1% from a year earlier.
2017 is expected to be a challenging year but there are also many new opportunities. With a consistent policy, the government will continue to fine-tune institutions to facilitate enterprises and the people. The government will instruct relevant agencies to reduce and simplify administrative procedures, eliminate unnecessary business conditions, introduce specific policies to support small and medium-sized enterprises as well as start-up businesses, accelerate the handling of suggestions from enterprises and the public, and decriminalise economic and civil relationships to boost the business community’s confidence.
In the early days of spring another piece of good news was delivered to the business community when the government issued a new resolution on continued measures to improve the business climate, enhance national competitiveness in 2017 with a view to 2020 in which the government asked provincial authorities to fully and consistently implement reforms enshrined in the Law on Enterprises and relevant decrees on business registration.
