Minister Vinh made the statement following his tours Southern provinces and cities to uncover difficulties faced by businesses and seek breakthrough solutions for socio-economic development.
He said that the responsibility of competent agencies is to create most favorable conditions in terms of legal framework for private sector to engage in infrastructure projects
During his tour to Ho Chi Minh City, Minister Vinh and Chairman of the Municipal People’s Committee Le Hoang Quan agreed to select some projects to pilot the public-private partnership model.
This model is expected to create a breakthrough in mobilizing capital from both domestic and foreign investors for development in Vietnam-a developing country with huge capital demand for development, thus requiring other economic sectors to share the burden with the State, he said.
Regarding measures to ease difficulties against businesses, the Government has adopted drastic measures, including the Government’s Resolution 13 which covers tax exemption and reduction or tax payment extension, Minister Vinh said.
The Government also tasked commercial banks to lower interest rates to 13-15% and restructure their bad debts to provide greater access to credit loans by businesses.
By Thuy Dung