Prime Minister Nguyen Xuan Phuc pledged to create a level playing field for enterprises from all economic sectors given the business community’s concerns over discrimination between the State and private sectors. At a meeting held in HCMC Apr 29, Minister of Planning and Investment Nguyen Chi Dung said all enterprises would have access to the Government’s support policies in an equal and transparent way.
“In the 2016-2020 period, we will focus on improving the business and investment environment, boosting administrative reforms, especially those included in the investment and enterprise laws, and adhering to the 2013 Constitution spirit of respecting the freedom of doing business,” Dung told nearly 1,000 local and foreign business executives at the conference.
The pledge was also confirmed by Prime Minister Nguyen Xuan Phuc, who chaired the conference, in his closing remarks. He even listed the things the Government would carry out in the coming time to help ensure a fair business environment for all businesses.
Phuc reiterated the State’s protection of the legitimate rights of the corporate sector, emphasizing investors can do all what is not prohibited by law. Except for the national security and defense fields and products that require price stabilization, businesses can have equal access to capital, land, markets, natural resources and business opportunities, he said.
He said the Government would refrain from ad hoc policy change to increase predictability and transparency and that business conditions would be quantified so that investors could control costs and avoid business and investment risks.
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