He said Vietnam willbe fully integrated in the next five years, which is forecast to bringabout even greater competition. Therefore, Vietnamese businesses need tobetter gear up to vie with rivals from major economies.
Responding to businesspersons’ proposals related to administrativeprocedures, tax incentives, loan access and investment environment, theState leader ordered ministries and localities to increase support andcreate the best possible conditions for enterprises’ recovery anddevelopment.
He also suggested they make the good use of the mass media to submit their opinions to the Party and State leaders.
At the meeting, which took place on the occasion of the 10th VietnamEntrepreneurs’ Day (October 13), Chairman of the Vietnam Chamber ofCommerce and Industry Vu Tien Loc reported that during the first ninemonths of 2014, 53,000 businesses were set up and 11,872 firms resumedoperations while 48,330 others dissolved or stopped operation.
The rate of those recording profits rose from 29.7 percent to 32.9percent despite fierce competition, he said, adding that ministries andsectors handled almost all businesses’ proposals.-VNA