PM Nguyen Xuan Phuc (C) holds dialogue with businesses in Hanoi, December 23, 2019.

Meeting entrepreneurs on Monday, Mr. Phuc said that the role of the State is closely associated with the success or failure of businesses.

“We need to act immediately to iron out difficulties to support businesses’ strong and sustainable development. Bottlenecks must be removed so that Vietnamese businesses can continue to grow in both quality and quantity,” said PM Phuc.

The meeting was attended by 3 deputy Prime Ministers and 700 representatives of businesses. The Government will issue a resolution on removing barriers facing businesses after the meeting.    

More than new 126,000 firms are established in Vietnam each year. The figure in 2019 is expected to reach 136,000 with total registered capital of 73 billion USD. The country aims to have one million businesses by next year.