Business development policies to be prioritised in 2015

The Party Central Committee’s Economic Commission will focus on researching institutions and polices for the development of all types of businesses in 2015, said commission head Vuong Dinh Hue.
The Party Central Committee’s Economic Commission will focus onresearching institutions and polices for the development of all types ofbusinesses in 2015, said commission head Vuong Dinh Hue.

As 2015 is considered a business year, the commission plans to conductin-depth studies on the organisation model of management agenciesrepresenting the State ownership of enterprises as well as institutionsand policies supporting small- and medium-sized enterprises, he said inan interview granted to the Vietnam News Agency on the threshold of theNew Year 2015.

It will also focus on building policies forsocial businesses, mechanisms for the operation of non-productive publicunits, as well as policies to develop and improve the efficiency of thecollective and cooperative economic sectors, especially in the field ofagriculture.

Orientations and policies for theattraction, management and use of official development assistance (ODA)in the time ahead will be scrutinised along with those on developingindustry and industrial trademark, he said.

In addition, theagency will research economic development strategies and border tradepolicies as well as those to develop tourism as a key economic sector,he added.

The Party official emphasized the importance of 2015 asthe last year in the Party’s five-year tenure with the entire politicalsystem striving to fulfil the set targets.

Henoted that the year is expected to see the signing of several free tradeagreements, creating an important momentum for the country’s trade andinvestment growth.

At the same time, the enforcement of many lawsrelated to the business and investment environment and the marketeconomy institution, including the revised Enterprise Law, the revisedInvestment Law, the Real Estate Business Law and the Housing Law, isexpected to bring new vitality to the economy.

Looking back atthe country’s 2014 socio-economic situation, the commission headhighlighted the more stable macro economy, lower-than-target inflationrate, better-than-expected GDP growth rate, more stable monetary andfinancial market, and remarkable progress in economic restructuring asthe bright spots in the national economic picture.

However, he noted that the economy will still face a lot of difficultiesnext year as its growth rate is yet to match potential, business andproduction activities still meet obstacles, and public and bad debtsremain high.-VNA

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