Although the national economy has improved, businesses face numerous challenges. In the first two months, 8,600 enterprises suspended operation. Functional agencies should enhance management and implementation of support measures for businesses. Minister and Head of the Government Office Vu Duc Dam says: "The resolution on socio-economic management and resolving difficulties for businesses has been concretized into allocation plans earlier than in previous years. The Government has told ministries, sectors, and provinces that in addition to the government measures, they should provide specific instructions for the local level. The government asks ministries and sectors to concentrate and heighten the responsibility of top leaders."

Dam said that, regarding master programs on economic, banking, state-owned enterprises, and investment restructuring approved by the Prime Minister, ministries, sectors, and localities must create specific mechanisms to administer the implementation.

This year Vietnam has set twin targets of maintaining growth and controlling inflation, in which credit growth is an important tool. Accelerating credit growth and adjusting interest rates is the key to bad debt and helping businesses access capital to restore production. The Government has asked the State Bank Governor, the Minister of Finance, and Minister of Planning and Investment to closely supervise this effort. "Adjusting interest rates and resolving debts so enterprises can have capital to recover and increase production is an important task this year. The Prime Minister has instructed the State Bank Governor and ministers to take drastic action to help businesses access the capital they need to recover production," Dam says.

Increasing production by resolving difficulties for enterprises is the major task of the central and local administration.

Hong Van