6 Prime Minister’s proposals for the business community

Ladies and gentlemen, representatives of all economic sectors,

Dear compatriots, comrades,

On behalf of the government leader, I would like to welcome you to this important meeting.

As you know, there was a proud Vietnam at this time decades ago.

The Vietnamese people at that time lived in the joyous atmosphere of the great historical events of the nation, such as the Spring Victory of April 30, the Victory of Dien Bien Phu (7/5), which was famous in the earthquake. bridge and we just went through the Labor Festival around the world on May 1, especially today, on May 9, the Red Army completely defeated Nazi Germany.

After Dien Bien Phu’s victory in 1954, President Ho Chi Minh visited and spoke with officials and workers at the Yen Phu Power Plant and Bo Ho Lamp Factory. He once said: “We are determined, we are determined to restore the economy, improve people’s lives.” Her words of encouragement are an invaluable asset, as the call to action has created momentum. for the people of the north to restore and increase production, to play a good role in the rear of the great southern front.

Also in May, on the 19th of the same day, 130 years ago, the Vietnamese river gave birth to Ho Chi Minh City and then made the glory of our Vietnamese people. Therefore, if 2020 is considered the year with many important events in the country, May can see one of the most beautiful and significant months of the year in Vietnam.

Ladies and gentlemen

We are at a time of a new turning point in history caused by a pandemic called COVID-19. Rarely did a medical event have an impact in most countries and territories, such as the COVID-19 pandemic. It goes beyond the impact of the 2002 SARS pandemic, the H1N1 pandemic (2009), and can be compared to pandemics in human history such as the pandemic, black death, smallpox, pandemic, and flu. Spain, the measles pandemic, etc.

Medically: The Covid-19 pandemic has affected billions of people on this planet. To date, almost 4 million people have been infected in more than 210 countries / territories, almost 300,000 have died.

In terms of economy, the health crisis has affected all the activities of the economy, from the supply and demand side, from the financial market to the real economy, from manufacturing to consumption, from industry to service, from aviation to tourism, from domestic to foreign trade, from labor-intensive to technological industries, from oil to automobiles, from developing to developed countries, regardless of size Whether small economies or Big are inevitable.

However, as with many important historical events, humanity will eventually win, even though there can be many losses and losses, even those that have not been overcome. So who will be the survivors? In the field of biology, the father of Darwin’s evolutionary theory once said: “The strongest or most intelligent species will not survive, but the most adaptable.”

In the social field, it can be said more or less that The companies, cooperatives and individual households that can attend the event today are the best production facilities and adaptable businesses.. While we are happy with this, we also regret that there are companies that have had difficulty liquidating or going bankrupt recently.[1]

Ho Chi Minh City, only 3% are leaving the market, the remaining 97% are waiting for the application to work again. The first quarter of HCMC increased 1.03% of GDP, not 0.42% as announced. TP Hanoi’s GDP in the first quarter was 3.5%, while in Hai Phong it increased to 14.9%.

Ladies and gentlemen

The impact of pandemics on the economy is enormous. According to Oxfam: “The economic crisis caused by the COVID-19 pandemic was more serious than the 2008 global financial crisis.” The recent World Economic Outlook Report (IMF) predicts negative growth of 3% for the world economy this year, marking the deepest recession since the Great Depression of 1930 (Note, in 2009, under the impact of the crisis global growth also declined by just 1.68%). Meanwhile, EE. USA It has negative growth of 5.9% and the euro area is negative of 7.5%. China’s economy has declined for the first time in nearly three decades, when growth was negative 6.8% in the first quarter compared to the same period. The ASEAN-5 economies are forecast to grow 0.6% this year.

As for Vietnam, at the end of March, the World Bank forecasts that Vietnam will grow 4.9% this year. In the first quarter, we achieved 3.82% growth, although the lowest level in the first quarter in over 10 years, this is still relatively high growth compared to the overall world context. WB’s comments showed that Vietnam still maintains a good foundation, at the highest level in ASEAN and Asia. Among the 5 ASEAN countries, Vietnam is the country with the best growth prospects.

Facing such challenges, Vietnam has pursued a “dual objective” strategy, on the one hand, while preventing epidemics on the other, while maintaining minimal economic activity along with institutional and structural reforms. The growth fire has yet to burn and may reappear soon as soon as the disease is under control.

In terms of health: Vietnam’s anti-epidemic model is highly appreciated by many countries and international organizations such as the WHO. So far, after more than 23 days, Vietnam has no new cases (except those that have been isolated in Vietnam) and there have been no deaths. Why can we be so successful? First, it is because our people already have the resistance of solidarity, followed by discipline and people’s compliance. This shows a truth, that if each person agrees to sacrifice a small part of his own benefits, all will benefit, on the other hand, our Party and State have taken the correct, drastic and timely policy. and sync. We are not subjective, but let’s not worry because we already have control of Covid-19.

Economically: Despite the fulfillment of the order of the social gap and the interruption of supply due to the closing of the market in many countries, the economy of Vietnam still maintained the growth rate higher than the average growth achieved by other countries. developing well in good times. Although many developed countries are under a heavy financial burden, Vietnam has accumulated resources thanks to recent years of favorable growth. This shows that Vietnam is not as dependent on the world market as many opinions, while demonstrating that the endogenous capacity of the Vietnamese economy and the Vietnamese business community is extremely large.

Let me give an example: as we have seen, in the context of common difficulties, many companies maintain sustainability, even increase their growth; The stock market generally falls, but there are still many stocks that grow or maintain their value. Why not? This is because these companies operate in the central areas, always looking for true values, for the benefit of people, centered on people, not pursuing virtual values. Such businesses will never fail.

Ladies and gentlemen

In order to help mitigate the impact of the disease on the economy and people’s lives, in the past, the Political Bureau, the Secretariat, the Government and the Prime Minister have issued many difficult guidelines and policies. difficulties for companies and people in difficulties.

Recently, the general secretary and president, Nguyen Phu Trong, has presented the requirement “Anti-epidemic, but the most important task is to develop production, guarantee the lives of people.” I have also said that once the relaxation orders have relaxed, the epidemic has ended, the social heartbeats gradually return to normal, the economy will be like a compressed spring, and now it is time to be ready to inflate. .

In that spirit, the Prime Minister instructed the entire system to focus more on restarting the economy, fighting for GDP to reach more than 5% by 2020. At the same time, it must control inflation below 4%. To do this, we must focus on the 5 defenses: (1) attract investment from national economic sectors, first of all private investment, (2) attract FDI, (3) boost exports, (4) promote public investment, (4) promote domestic consumption.

To concretize that tactic, the Conference was held today but in a very different context, conditions and requirements compared to many previous Prime Minister conferences to the company.

I would like to wish: today’s conference must show the spirit of patriotism, but patriotism must act and action must be drastic; strong determination must be made in the new conditions; As the springs compress, they are now activated for development. Vietnam, companies in the country of Vietnam must contribute to the development of the V-shape, not the U-shape, but even more it cannot be the W.

We recognize that Vietnam still has many knots. The Party, the National Assembly, the Government and the Prime Minister are very concerned about this. However, this conference is not an opportunity to discuss, complain poorly, and count suffering; not to talk and complain about the difficulties of companies, but also to pose major obstacles for the entire industry, come up with ideas and solutions for the whole industry and the whole country to climb. The government will seek to promote business to increase productivity because only increasing productivity is the sustainable source of profit.

To achieve that goal of today’s Conference, central agencies, localities, and businesses must dedicate their valuable speaking time to donate and propose to the government. participate more actively in the development of the law, the implementation of the principles of equity, equality, transparency, competition and efficiency.

I hope: this conference is of great importance, that is, the conference that demonstrates the crystallization of the patriotism of people and companies for the development of the country; A determination to restructure and overcome weaknesses to accelerate development and achieve growth goals. This is an opportunity for us not only to build a spirit of solidarity and belief, but also of our courage, intelligence, patriotism and love of work. Work is glory, working to feel honored and capable of working and contributing to society, country and country. Companies, including the banking system, share their cooperation and determination to contribute to the country’s development, develop and create jobs for workers.

This spirit must spread strongly and deeply both in the system of state agencies and in companies and workers. This meeting must have concrete results, without talking, talking and leaving it there; it must show the spirit of eliminating difficulties for companies to accelerate development and with that responsibility, in addition to the fierce and active effort of companies and individuals, the responsibility of state agencies, levels and branches are very important.

For ministries and agencies: Ministries and agencies must roll up their sleeves and do it, localities must eliminate them directly for companies. It is necessary to mold a spirit of innovation and innovation that promotes development in times of difficulty. A spirit that dares to think, dare to do, dare to take responsibility; spirit of innovation, creation and development; A spirit based on the strength of 100 million people. We have to pay attention at work, not boxing, right now, but it is for the country, for the people, for the 100 million people, to fully understand successful cooperation.

The Prime Minister requested: In today’s ministries’ speech, it must be clear, quality, focused, especially to specify what supports, policies, other solutions and are new for companies. instead of saying “everything is known”. And especially to manage public officials, against insensitivity, negative harassment, which makes it difficult for people and companies. Therefore, along with the reorganization and management of cadres, it is necessary to promote the application of information technology in state management, improve the provision of public online services and limit direct contact between officials. with people and companies to solve jobs.

Therefore, the Conference must address new solutions and ideas, such as the market, the value chain connection, the glue to stick the dots, labor, taxes and fees. etc …, especially ground procedures.

We already have the package “Wrap up” or “Share” 62,000 billion already, not to mention the reduction of the electricity price of 12 trillion dong, the discount of telecommunications, internet 15 trillion, the reduction of domestic water 10 trillion; Now is the time to discuss the “Accelerated” policy or the “Leverage” policy.

We have seen the spirit of “Anti-epidemic as anti-laundering”, now the spirit of “Anti-stagnation as anti-epidemic” needs to be promoted. Has the Prime Minister repeatedly stated that the virus is stagnant? So where is the virus stagnant? Do not look at other people, agencies / organizations, other ministries and localities. The stagnant virus is found within ourselves, our organizations, our locations, our businesses.

For companies, the Prime Minister has 6 tips for the Vietnamese business community:

1-Love the country:

Because what you do without thinking about your country, you cannot become a big business. [Yêu tổ quốc cũng có nghĩa là phải thượng tôn pháp luật, phải có tinh thần chia sẻ. Nhân đây, Thủ tướng gửi lời cảm ơn các doanh nghiệp đã đồng hành và chia sẻ khó khăn với Chính phủ, nhiều tấm gương chia sẻ, nhân ái thật là cảm động, doanh nghiệp lớn góp nhiều, doanh nghiệp nhỏ góp ít, nhiều hộ cá thể sẵn sáng nhường cơm sẻ áo lúc dịch bệnh]

2-join:

Because we lose our solidarity, we weaken, we need to cooperate with each other and share together.

3-Not discouraged:

Because frustration is giving up on yourself [Môi trường kinh doanh nào cũng có khó khăn và thách thức. Do đó đừng nghĩ không khó khăn, đừng mong dễ dàng, vì dễ dàng thì đã không đến lượt chúng ta]

4-Dynamic / assertive: because passive / indecisive is to miss opportunities yourself.

5-Creativity: because the lack of creativity is left behind.

6-Have faith: because without believing is denying yourself.

Ladies and gentlemen

I repeat: The drafting of the 10-year Socioeconomic Strategy 2021-2030 to present to the 13th Party Congress states: a vision that Vietnam will become a prosperous nation by 2045 It can coincide with countries in the region and in the world. The disease does not change our goals and visions.

I would like to ask: So what is the vision of companies 2045 like? Where will your business be in 2045?

The state economy in difficult times, the disease has played a good role, such as distribution, electricity and water supply, telecommunications, rice supply, … Now we have large corporations that achieve international competitiveness …

However, Vietnam still doesn’t have any business in the 500 largest companies in the world. By 2045, 25 years from now, can we have world-class business? Design, 25 years is enough to appear giant companies called Vietnam (Made in Vietnam).

Remember, 25 years ago, the world had never heard of Facebook (2004), Alibaba (1999), Google (1998) … I hope Vietnamese companies allow us to think about that possibility; nothing is impossible; dare to think big, do it big; don’t be afraid of failure because failure is a successful mother; Just dream and act, make your dream come true.

Dear comrades and ladies and gentlemen,

After the period of social separation, perhaps business leaders have had enough valuable time to rethink the path of new business development? Thinking, this is a great opportunity for our business community in Vietnam. This opportunity is mainly for national companies, but if we do not know how to take advantage of it, let us not take advantage of that opportunity, foreign companies will come to take advantage of it. Provide 2 examples:

In the first four months of 2020, the committed capital of foreign direct investment (FDI) reached US $ 12.3 billion, although it decreased by 15.5% during the same period, but surprisingly, the value of committed capital increased. in April, about 81% compared to the previous March and increased 62% compared to April last year. I appreciate the investment in Vietnam of FDI.

In March 2020 alone, more than $ 80 billion was withdrawn from investment funds in emerging market bonds and stocks. On that gray scale, Vietnam ranked 12/66 emerging markets for its financial strength. This shows that Vietnam’s long-term growth potential is extremely large and always sustainable, even in difficult times like the past and the stock market grew well yesterday, foreign investors have bought net. strongly ending the net sale in 26 continuous sessions. The economy classified Vietnam as a safe economy after the epidemic with public debt, external debt, debt ratio and foreign exchange reserves. The World Bank said: macroeconomic stability, public debt is low, resistance, including large foreign exchange reserves, timely reduction of interest rates, … That is the result of recent economic development. At the same time, the main balances of the economy have been strengthened and strengthened in our country. We have signed dozens of free trade agreements, opening unprecedented access to international markets.

It can be said that the current wave of change in the value chain is treating Vietnam as a central chess box that every player wants to occupy soon. Vietnamese companies have white troops and have an opportunity to move on. Take advantage of that opportunity!

Ladies and gentlemen

We used to think that with the socio-economic achievements achieved in 2019, achieving the goals set for 2020, as well as for the period 2016-2020, will be difficult. However, what is too easy to achieve is often less significant. For now, we understand more that the degree of success is determined not by what we have achieved, but by the obstacles we have overcome.

The most difficult and thorny moments are opportunities for each of us to express the identity of the national spirit, solidarity, the “corresponding homosexuality, the homogeneous atmosphere”; To adorn the courage, will and temperament of the Vietnamese people.

And as someone once said, difficulty is not something born to beat us, but to beat it, and as I said, May is one of the best months of the year: the birthday month. Uncle, I’d like to direct the poem

Uncle Ho’s personal advice is like cheering us on when things get tough:

For scenes without many people

There is not a splendid scene in spring.

Comrades, ladies and gentlemen,

In the conference of millions of listeners, the script is very strict, I hope it arrives in time so that many people can present their responsibilities, their localities, their businesses to the Homeland and their determination to spread.

Wishing health and success of the conference. Thank you

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[1] According to statistics: in the first 4 months, 22.7 thousand companies were dissolved / declared bankrupt, an increase of 33.6% during the same period.