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Acting President of the State Dang Thi Ngoc Thinh meets typical entrepreneurs

DNVN - On the occasion of Vietnamese Entrepreneur's Day (October 13, 2004 - October 13, 2018), on October 12, typical small and medium-sized business delegates in 2018 were honored to attend a meeting with Acting President Dang Thi Ngoc Thinh at the Presidential Palace.

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The Acting President Dang Thi Ngoc Thinh. Photo: Nguyen Cuong
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The Acting President Dang Thi Ngoc Thinh. Photo: Nguyen Cuong

At the meeting, Acting President of the State Dang Thi Ngoc Thinh appreciated the contributions of small and medium-sized enterprises in Vietnam, despite many challenges due to the impact of such global economic and financial crisis as well as domestic economic difficulties, small and medium enterprises still grow in all aspects. Vietnamese SMEs have dynamic characteristics and the ability to quickly adapt to market changes. This increasingly affirms the important role of SMEs in national economic development, contributing 45% to GDP growth annually, 31% to the total state budget revenue and creating more than 5 million jobs.

Overview of the meeting. Photo: Nguyen Cuong
Overview of the meeting. Photo: Nguyen Cuong

"In the past years, the Party and the State have always paid attention to the leadership, guidelines and policies to encourage the development and the role of entrepreneurs and enterprises in the construction and protection of the country ", emphasized Acting President of the State Dang Thi Ngoc Thinh.

Speaking at the meeting, Dr. Nguyen Van Than - Chairman of VINASME - National Assembly member, said: Currently, VINASME accounts for nearly 98% of the total 600,000 enterprises nationwide, settles 60% of employees and contributes over 40% of GDP. VINASME has participated actively and dynamically, demonstrates the position, role and attractiveness of an organization representing the business community. As a bridge, VINASME has promptly proposed to the government, the National Assembly and relevant ministries to amend and supplement bills, strengthen some policies closely related to business activities and solve the bottlenecks to promptly remove difficulties for enterprises, bring positive impacts directly to Vietnam's small and medium-sized business community.

Dr. Nguyen Van Than - Chairman of Vinasme - National Assembly member reported Vinasme's performance results.
Dr. Nguyen Van Than - Chairman of Vinasme - National Assembly member reported Vinasme's performance results.

In 2018, VINASME signed a cooperation agreement with the Vietnam Foundation for Children (BTTEVN) for 5 years (2018-2022) to jointly implement activities to support children in extremely difficult circumstances. VINASME launched the movement "Businesses and entrepreneurs for Vietnamese children in 2018", which was actively supported by many entrepreneurs and businesses. Recently, VINASME has awarded 1.35 billion VND to the Vietnam Study Encouragement Association Scholarship Fund, and 500 million VND for Vietnam Children Support Fund. This is the amount of money contributed by the business community to the community.

The Acting President Dang Thi Ngoc Thinh and typical small and medium-sized business delegates in 2018. Photo: Nguyen Cuong.
The Acting President Dang Thi Ngoc Thinh and typical small and medium-sized business delegates in 2018. Photo: Nguyen Cuong.

With the spirit of 8th Central conference and the first year of implementing the SME Support Law, there are many contents to support SMEs in terms of credit, production and business facilities, competitiveness, technology, administrative procedures reform that the government is drastically operating, VINASME committed to banks such as BIDV and Lien Viet Post to cooperate closely in providing support solutions for SMEs by comprehensive cooperation agreements. BIDV implemented a 10,000 billion VND credit package with preferential interest rates for members of VINASME and SMEs introduced by the association, which meets the conditions of borrowing in accordance with the law and BIDV. The credit package is also aimed at members of the mutual business group with the aim of encouraging the development of cooperation models of SMEs in production and business activities.

Representatives of small and medium enterprises in 2018. Photo: Nguyen Cuong.
Representatives of small and medium enterprises in 2018. Photo: Nguyen Cuong.

After hearing the report of VINASME and the comments of some delegates at the meeting, the Acting president Dang Thi Ngoc Thinh welcomed and acknowledged the compassionate hearts and the noble gestures of SMEs and entrepreneurs to have actively responded and provided practical support to children in especially difficult circumstances.

Some opinions of representatives of small and medium enterprises in 2018 at the meeting:

Entrepreneur Pham Phuc Ngan - Chairman of Socos Joint Stock Company:

In competitive conditions, many businesswomen still show their bravery, intelligence and business talent to steer enterprises to develop, expand investment in different fields, create jobs, enrich themselves and society.The businesswomen are also actively involved in social work, take good care of family work and their children... However, in fact, female entrepreneurs still suffer from many disadvantages and difficulties in the process of starting and operating businesses. The biggest barrier for many female entrepreneurs is about gender discrimination and the female entrepreneurs themselves lack the confidence and initiative in business activities. In the meantime, efforts must be made to balance the business and the role of the wife and the mother. The government, therefore should issue specific policies and programs to create a transparent, fair business environment for women, encourage women to start businesses, and create incentives for female entrepreneur associations to further promote the role of organizing trade promotion and investment for entrepreneurs.

Entrepreneur Doan Dinh Chuc - Director of the Center for Enterprise Integration and Development, co-authored to study the scientific topic "Authentic anti-counterfeiting process":

4 years in a row successfully implementing "the National trademark protection" program nationwide, successfully protecting the brand for many product lines of thousands of Vietnamese enterprises. IDE's invention has been responded by 21 provinces, using and propagating on a large scale. Hanoi Capital has applied to build a system of traceability information, linked with e-government to manage food safety and goods circulation in the area with the determination to 2020, 100% of products will be traceable on this System.IDE Center - member of VINASME would like to request the Government to acquire the invention achievements to build a synchronous system for traceability to the e-Government so that the government can manage the country's production,local production management and local food safety; enterprise can control their production; and people can interact to control the activities of government and enterprises with 4.0 technology, which is transparent, effective, accurate and extremely effective, convenient and economical.

Entrepreneur Tran Nhat Hoang - Director of CNC Mechanical Production and Construction Joint Stock Company:

The Party, State and Government need to determine that Construction is also a key industry in the country's economic development, focusing on enhancing the competitiveness to dominate the domestic market and developing in foreign markets. The proactive development and integration of the Vietnamese business community desperately needs support by specific and practical guidelines and resolutions of the Party and Government such as reducing interest rates in the coming year and resolving bad debts, shorten administrative procedures. In particular, it is necessary to effectively implement the resolution on enterprise support and development by 2020.
Nguyễn Hoàng Lân
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