The Vietnam Chamber of Commerce and Industry (VCCI), in cooperation with the UN Development Programme (UNDP), organised a policy forum entitled “Supporting small and medium enterprises impacted by COVID-19: Narrowing the gap from policy to implementation”, in Hanoi on December 8.
The forum organised by the VCCI and UNDP in Hanoi on December 8 (Photo: VNA)
Hanoi (VNA) - The Vietnam Chamber of Commerce and Industry (VCCI),in cooperation with the UN Development Programme (UNDP), organised a policyforum entitled “Supporting small and medium enterprises impacted by COVID-19: Narrowingthe gap from policy to implementation”, in Hanoi on December 8.
In his opening remarks, VCCI Chairman Vu TienLoc said the pandemic has seriously impacted production and business at Vietnameseenterprises.
As of late October, more than 70,000enterprises, mainly small- and medium-sized enterprises (SMEs), had been forcedto suspend operation or dissolve.
It is, therefore, time for the Government,ministries, localities, and the business community to look back on the impactof the pandemic on the economy in general and each sector in particular, Locsaid.
Narrowing the gap from policy to implementationis a way to put forward recommendations and solutions to complete existinginstitutions and laws and to have more policies in accordance with the reality,thus meeting the aspirations of most businesses, he added.
Head of the VCCI’s Legal Department Dau AnhTuan said it is estimated that the pandemic may result in 2020 revenues from privatefirms fall 72 percent year-on-year and from foreign-invested firms 69 percent.
With up to 95 business support documents introducedfrom the central to local level, affected enterprises and individuals havereceived timely assistance to overcome the difficulties.
However, Tuan suggested simplifying proceduresto receive support and designing support packages in conformity with eachsector and for each period, with the priority given to SMEs.
Director of the Business Development InstituteLuong Minh Huan stressed the need to speed up economic institutional reform andsimplify administrative procedures relating to business, as these are the mostimportant foundations to help enterprises overcome the difficulties caused bythe pandemic.
The pandemic is also a chance for domestic firmsto recognise the superior nature of the digital economy and the urgent need fordigital transformation, he added./.
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The forum organised by the VCCI and UNDP in Hanoi on December 8 (Photo: VNA) 
