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The request was made in Telegram 103/CD-TTG of October 7, which said that nearly four decades of renewal and development, Vietnam has cultivated large enterprises capable of competing on a global scale.
In the context of significant changes in the global political and economic landscape, along with new protectionism trends and new technical and trade requirements, Vietnam needs policies to develop leading enterprises that can create new momentums for the economy, thus contributing to boosting productivity and promoting innovation in key economic sectors as well as emerging industries, it noted.
By the end of 2024 and in the following years, Vietnam's economy is forecast to face many challenges, with enterprises, particularly those of the private sector, continuing to encounter difficulties.
Therefore, the Premier asked ministries, sectors, and localities to maintain drastic and prompt direction and management with a focus on placing people and businesses at the center and ensuring consistency between policies and their implementation.
Meanwhile, ministries, agencies and localities are tasked to create a favorable environment for the development of businesses, and encourage large enterprises to support small- and medium-sized ones to create the domestic value chain and develop supporting industries.
The PM said support policies need to be practical and effective to help businesses compete fairly and efficiently across sectors, demanding for a strong push for decentralization and delegation of power in association with increased accountability of agencies and units, and simplification of administrative procedures.
He also called for the enhancement of public-private partnership mechanisms while exploring breakthrough initiatives to transition the economy towards a green one through developing renewable energy, creating green industrial and service clusters, and producing competitive green hydrogen and ammonia.
By: VLLF
