Solutions to help small and medium-sized enterprises

DNHN - Mr To Hoai Nam, Standing Vice Chairman cum General Secretary of Vietnam Business Association Vietnamese small and medium enterprises, makes three general recommendations at the National Conference between the Prime Minister and businesses on the theme "Proactive adaptation, fast recovery, and sustainable development."

To begin, the government must define the highest priority goals for macroeconomic stability and employment; supporting all types of job growth is a social security issue for tens of millions of employees and their families. This is a serious topic that should not be tackled carelessly or with hesitancy.

Continue to support the improvement of business institutions, with the judiciary and law enforcement being viewed as the primary means of improving the corporate legal environment. Because the market economy and business demand legal clarity. Businesses understand the law's certainty to be that it is only essential to comply with the law when undertaking a project or registering a product...

Economic stimulus programs to halt a fall are required, although "one arrow strikes many targets" is not always the case. Perhaps a more cautious design with the mantra "one arrow only has to strike one target" will be safer in some packages.

The Association of Small and Medium Enterprises also offered seven suggestions to the government at the meeting.

Adopt interest rate compensation to encourage banks to increase the size of loans for small and medium-sized businesses, emphasising export credit loans, agricultural and rural regions, and innovation. Manufacturing, ancillary industries, processing and manufacturing, supply chains...The financial and tax support policy will be extended through the end of 2023. Simultaneously, the accounting regime for small and micro firms will be simplified and streamlined as a result of the reform of tax processes and procedures. Profits are generated quickly, assisting firms in the face of pricing pressure, increased production and living costs.

Adopt policies to encourage online purchasing for small and medium-sized businesses and 5.2 million business households as soon as possible to assist them in adapting to the extreme and rapid change brought about by online buying. Buying and selling things directly online, therefore assisting them in survival and development.

Support public procurement for building bidding packages under VND 5 billion and purchase of products and services under VND 3 billion shall be kept for small and super companies. small.

Priority should be given to contractors utilizing subcontractors for bidding packages that need excessive scientific and technological capacity, or when the construction package price exceeds 5 billion VND and the procurement of goods and services exceeds 3 billion VND. Small and micro enterprises

Promptly execute the program to assist small and medium-sized businesses in innovating and innovating by legislation. If adequately supported, this area will be a source of corporate innovation and the most realistic choice for Vietnam to translate scientific and technology research results from institutes into practice.

Build a favourable framework to encourage domestic private investors to invest aggressively in the creation of small and micro-enterprise incubation zones and clusters to provide technical support services to enterprises. small and medium-sized businesses

Continue to encourage the implementation of the Small and Medium Enterprise Support Law in two areas: policy formulation and enforcement.

PV