National Assembly deputies press the button approving the draft resolution in Hanoi on May 17
The Resolution that consists of 7 chapters and 17 articles is to promptly institutionalise the Party’s guidelines outlined in Resolution No. 68-NQ/TW, with a view to improving the investment and business environment; facilitating private sector access to resources; promoting science, technology, innovation, digital and green transformation; developing human resources; and expanding the participation of private enterprises in national key projects.
It also seeks to support pioneering businesses in reaching international standards, thereby generating new momentum and unlocking the potential and productive capacity of the private sector.
Presenting the draft Resolution before National Assembly deputies on May 14, Deputy Minister of Finance Nguyen Duc Tam stated that the legislative document focuses on institutionalising major policy groups, including improving the business environment; supporting access to land resources and production/business premises; providing support in finance, credit, and public procurement; promoting science, technology, innovation, digital transformation, and human resource training; and supporting the development of medium and large enterprises, and pioneering enterprises.
In his explanation before the National Assembly on May 16, Minister of Finance Nguyen Van Thang said that the Government has directed drafting agencies to urgently review and integrate the contents of Resolution No. 68 into draft laws and resolutions being submitted at the ongoing legislative session.
A number of breakthrough and exceptional mechanisms and policies targeting businesses, household businesses, and individual business owners in specific sectors, will be stipulated in the current draft resolution. Meanwhile, the laws under revision, which are expected to be passed during this session, will contain more general mechanisms and policies applicable to all enterprises across various economic sectors to ensure consistency with the overall legal framework.
Regarding provisions that require further research and careful assessment, especially those already covered under other laws and resolutions related to inspection, licensing, certification, violation handling, business operations, and bankruptcy resolution, the draft resolution proposes several guiding principles. These principles are intended to steer future amendments and additions to specialised legislation, while ensuring compliance with the requirements of Resolution No. 68.
The National Assembly Resolution on several special mechanisms and policies for the development of the private sector comes into effect on May 17.
