Prime Minister affirms strategic commitment to enterprise development

In his remarks, the Prime Minister stated that all policies and measures must aim to create an open, stable, and transparent investment and business environment; ensure the freedom to conduct business and equal access to resources; encourage innovation, digital transformation, green transformation; and strengthen business competitiveness.

Le urged the ministries, agencies and localities to continue to remove institutional bottlenecks, improve the legal and regulatory framework, and implement more substantive and robust administrative reforms, adding that these efforts will serve as the foundation for Viet Nam's development in the coming years.

The Ministry of Finance, together with relevant ministries and agencies, should continue fostering the healthy development of the capital market and the corporate bond market, with priority given to expanding the domestic capital market as a long-term financing channel, noted the Prime Minister.

The comprehensive financial market reform plan should be finalized and submitted to the Prime Minister for issuance this month, Le ordered. Efforts should also be accelerated to speed up the operation the International Financial Center in Ho Chi Minh City and Da Nang City.

The Prime Minister called for further reduction of logistics costs, specialized inspection requirements, and unnecessary regulatory compliance costs, while adopting risk-based management approach to eliminate overlapping inspections and facilitate production, business activities, and import-export operations.

The Ministry of Science and Technology was tasked to complete mechanisms and policies that promote innovation, scientific and technological advancement, artificial intelligence, digital transformation, and green transformation, while encouraging businesses to invest in research, development, and the application of new technologies.

The Prime Minister underlined the need to prioritize the development of high-quality human resources aligned with business needs, strengthen collaboration among educational institutions, research institutes, and enterprises, and support businesses in improving corporate governance, technological innovation, and digital transformation.

Viet Nam's foreign direct investment (FDI) policy must shift decisively from quantity to quality, said Le, adding that investment incentives should be linked to technology transfer, workforce training, localization rates, and the development of Vietnamese enterprises' participation in global supply chains.

According to the Government leader, private enterprises are encouraged to proactively invest in technological innovation, corporate governance, product quality, financial capacity, and compliance with international standards while large private conglomerates should play a leading and pioneering role in digital transformation and innovation by building ecosystems that support small and medium-sized enterprises (SMEs).

Meanwhile, Le called on FDI enterprises to fully implement their commitments on localization, technology transfer, workforce training, and the development of Vietnamese suppliers as well as invest in establishing and expanding research and development (R&D) centers, design centers, innovation hubs, and technical and management training centers in the country.

The Prime Minister expressed confidence that with these unified efforts, Viet Nam will effectively unlock all available resources, turn difficulties into driving forces and challenges into opportunities, successfully achieve double-digit economic growth in 2026, enhance the country's national competitiveness, and lay a solid foundation for rapid and sustainable development in the years ahead./.