National Assembly Chairman Vương Đình Huệ (C) has a meeting with representatives from outstanding family businesses nationwide on November 3 in Hà Nội. VNA Photo

HÀ NỘI - National Assembly (NA) Chairman Vương Đình Huệ has affirmed that the Party, State and people always attach importance to the role of entrepreneurs and businesses, including household businesses - the core force in national industrialisation and modernisation.

At a meeting with representatives from outstanding family businesses nationwide on November 3 in Hà Nội, he further said decisions and policies of the Party and State were always for the benefit of people and businesses, and put people and businesses in the centre.

According to the top legislator, the household business community in Việt Nam is not only growing rapidly in quantity but also increasingly improving its quality, management capacity and social responsibility. Many of the businesses have grown into famous private economic corporations not only in the country but also in the world.

The NA, its Standing Committee and the NA Chairman himself always supported the development of the Vietnamese family business community, Huệ said, praising its efforts in implementing social responsibilities.

He urged the businesses to pay attention to enhancing cooperation and coordination with each other in order to participate deeper in global value chains.

The Vietnam Chamber of Commerce and Industry (VCCI) needed to make more efforts in supporting and promoting the development of household businesses, he said, promising the NA would issue correct and timely decisions, strengthen document review, and supervise law enforcement to ensure an open, transparent, healthy and fair business environment to facilitate businesses’ operation.

Addressing the meeting, VCCI President Phạm Tấn Công said that after 37 years of đổi mới (renewal), a strong team of entrepreneurs and businesses was formed with over 900,000 businesses, more than 20,000 cooperatives and some 5 million household businesses, accounting for about 70 per cent of the total businesses in Việt Nam. VNA/VNS