Over 43,000 Private Enterprises Contribute 50% to Hai Phong’s Budget

On the afternoon of October 11, the People’s Committee of Hai Phong City hosted a conference to meet with prominent entrepreneurs and business leaders. The event aimed to recognize and honor the significant contributions of the city’s business community, in celebration of Vietnamese Entrepreneurs’ Day.

Attending the conference were Mr. Le Tien Chau, Secretary of the City Party Committee, and Mr. Le Ngoc Chau, Chairman of the People’s Committee, along with over 400 delegates representing various associations, businesses, and city agencies.

Hai Phong is home to more than 43,000 active private enterprises, contributing approximately 40% to the GRDP, over 50% of the total domestic budget revenue, and providing employment for around 50% of the workforce. Notably, 16 of these businesses are among the top 500 largest enterprises in the country.

Many companies are actively embracing technological innovation, enhancing productivity, and expanding their market reach, particularly in key sectors such as manufacturing, trade and services, ports, and logistics.

The conference gathered 23 insightful contributions, proposals, and suggestions from the business community. These recommendations spanned eight key areas, including administrative procedures, investment and land management, transportation, construction, real estate, culture, sports, and tourism.

Addressing the gathering, Mr. Le Ngoc Chau, Chairman of the People’s Committee of Hai Phong City, highlighted that after three months of operation, the two-tier local government model in Hai Phong has functioned smoothly, achieving positive results in serving citizens and businesses.

Administrative procedures have been standardized, reducing processing time by 50% compared to regulations. The synchronized implementation of online public services and digital infrastructure has significantly improved service quality for both citizens and businesses.

Beyond their business development efforts, Hai Phong’s business community has demonstrated solidarity and a commitment to social responsibility. They have actively contributed to pandemic prevention, disaster recovery, and social welfare initiatives.

Mr. Le Ngoc Chau emphasized that since its consolidation, the Hai Phong Business Association has effectively served as a bridge, fostering unity and cooperation among member businesses. By sharing opportunities, providing support, and promptly addressing challenges and policy recommendations, the association has played a pivotal role in creating a transparent and stable business environment.

The Chairman candidly acknowledged that some projects have faced delays, leading to resource and land inefficiencies. The city has conducted a review of 111 non-budget investment projects showing signs of slow progress.

This action not only aligns with central directives but also underscores the city’s strong commitment to fostering a transparent, fair, and healthy investment environment. By liberating resources, unlocking new development spaces, and safeguarding legitimate investor interests, Hai Phong aims to support genuine investors and businesses with robust capabilities, determination, and effective strategies.

Hai Phong consistently views businesses as pioneers and vital drivers of innovation and integration. The city pledges to stand alongside, support, and create the most favorable conditions for businesses to achieve sustainable growth and success. This commitment is reflected in six key solutions, with a focus on comprehensive administrative reforms, transparency, digital technology adoption, and ensuring a stable, transparent, and secure investment environment that protects the legitimate rights of investors and businesses.