President applauds growing role of nation's enterpreneurs

President applauds growing role of nation's enterpreneurs

The status and role of businesses and entrepreneurs in society has been being increasingly underlined in important Party documents and recognised by society at large, President Truong Tan Sang said at a gathering on Saturday to mark the Viet Nam Entrepreneurs Day.

The nation's community of entrepreneurs has developed strongly in recent years, making significant contributions to national socio-economic development, ensuring national defence and security, and expanding foreign relations, Sang said.

Entrepreneurs have also helped generate jobs, address social welfare issues and defeat poverty, thus strengthening the great bloc of national unity, he added.

Sang also praised many of the businesses for maintaining and expanding production despite the challenges posed by the economic downturn. He affirmed the Party and State's continued commitment to creating conditions for businesses to stabilise production and surmount difficulties.

As regional and global integration became more intensive, local businesses needed to be proactive and creative to grasp opportunities, renew technology, reform governance models, and improve the quality of human resources, he said.

Business representatives at the event proposed that the Government reduce land use fees and corporate taxes, help businesses reduce inventories and settle bad debts, and proceed with wage and administrative reforms.

In the first nine months of this year, about 40,000 businesses have filed for bankruptcy or suspended operations, and many others have been operating in difficulties, they noted

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