Deputy PM hails young entrepreneurs’ contributions

Permanent Deputy Prime Minister Nguyen Sinh Hung has hailed young entrepreneurs as the main force in the country’s international economic integration process.

At a dialogue with businessmen as part of the Vietnam Young Entrepreneurs’ Organisation (VYEO) congress that opened on Dec. 13, the deputy PM also stressed that the Government would accelerate administrative reform to facilitate the operation of businesses, including small- and medium-sized and young enterprises.

He said the government has recently lowered bank loan interest rates for four times to help enterprises cut their production costs.

During the event, young entrepreneurs spoke of their difficulties in taking bank loans, the State’s support for overseas investment and measures to increase their businesses’ competitive edge.

The VYEO has so far developed a network of its chapters in 52 provinces and cities, with a membership of more than 7,000, which generate an annual revenue of over 20 billion USD and more than 1.2 million jobs.

VNA

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