Draft law assisting SMEs not specific enough: deputies
Assembly (NA) deputies said promulgating the Law on Support for Small-and
Medium-sized Enterprises (SMEs) was an urgent task during a discussion on
the draft law yesterday. - VNA/VNS Photo An Đăng
HÀ NỘI - National Assembly (NA) deputies said promulgating the
Law on Support for Small-and Medium-sized Enterprises (SMEs) was an urgent
task during a discussion on the draft law yesterday.
second day of the ongoing 3rd session of the 14th NA, deputies agreed that
the bill was badly needed to support SMEs for general economic growth after
listening to a report presented by head of the NA Commission for Economic
Affairs Vũ Hồng Thanh.
reported on adjustments to the draft law following consideration of opinions
contributed by NA deputies at the previous session late last year.
The new draft law
includes a criterion on revenue when defining a small-and medium-sized
enterprise, with the revenue level between VNĐ200-300 billion (US$8.9 million
– $13.4 million) whilst reducing the number of employees from 300 to 200 and
replacing the criterion on the average number of employees with one on the
number of employees with social insurance.
promulgation is necessary and pressing. However, the draft law falls short of
specific regulations stipulating how small-and medium-sized enterprises are
to be assisted,” said Deputy Võ Thị Như Hòa of Đà Nẵng City.
Hòa said there should be specific regulations so once the
law was issued it would help create full and synchronous policies and is
assistance must be based on the real demand of enterprises rather than what
the State can support. If we have many policies but few resources, the
policies will be ineffective.”
draft law stipulates many areas of assistance such as: access to credit; tax
and accounting assistance;production
expansion among others, but they are quite general.
SMEs is necessary to aid their development. Nevertheless, support contents in
the draft law are still too general, without specific implementation
mechanisms and procedures,” said Deputy Võ Đình Tín of Đắk Nông Province.
regulations mention conditions SMEs must meet to be supported, not procedures
and relevant authorities who will examine and assess eligible enterprises.”
“If the law
is promulgated, it will be difficult for SMEs to determine what resources or
preferential treatments they will enjoy,” he said. “In other words, they will
have to wait for guidelines.”
deputies also said the law should specify the role of the Vietnam Chamber of
Commerce and Industry and the Vietnam Association of Small and Medium
Enterprises in supporting SMEs.
Nguyễn Văn Thân of Thái Bình Province said without specific regulations, it
would be difficult to determine who is responsible for supporting SMEs.
group discussion yesterday morning on the NA’s proposed supervision work in
2018, NA Vice Chairman Phùng Quốc Hiển said it was necessary to focus on
overseeing the use of Official Development Assistance (ODA) capital as the
oversight has been lacking,vov.vnreported.
In regard to
supervision of the equitisation of State-owned enterprises, Hiển said it was
also necessary to supervise operation of State-owned enterprises after
equitisation, including wholly State-owned and privatised ones.Additionally, he said, the implementation of
policies facilitating the development of private businesses should also be
the supervision of State-funded investment projects, Auditor General of the
State Audit Office of Việt Nam, Hồ Đức Phớc noted that 12 loss-making
projects had been made public but it was unclear how many more there are.
that supervision be conducted on ODA-using build-operate-transfer projects if
problems were detected and commercial banks.
projects at risk of making loss is one matter of great public concern. So it
is necessary to add this to the supervision work of [the NA],” said Deputy
Nguyễn Hữu Cầu of Nghệ An Province.
Thị Lưu Mai of Hà Nội said there were numerous issues in need of supervision
regarding the management and use of capital from Government bonds and foreign
loans in building infrastructure.
Hanoian deputy Trần Thị Quốc Khánh said the Law on Information Technology and
the Law on E-Transactions have never been overseen by the NA despite being
passed more than ten years ago.
strongly facilitate administrative reform, especially in the era of the
Industrial Revolution 4.0,” thevov.vnquoted
her as saying.
ministries, sectors and localities design and invest into their own projects
without linkages, which is extremely wasteful.”
deputies will discuss the draft law on revising and amending some articles of
the Penal Code which took effect in July 2016.-