THE PRIME MINISTER OF GOVERNMENT
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
----------
No. 27/2003/CT-TTg
Hanoi, December 11, 2003
 DIRECTIVE
ON FURTHER STEPPING UP THE IMPLEMENTATION OF THE ENTERPRISE LAW, THE DEVELOPMENT OF SMALL- AND MEDIUM-SIZED ENTERPRISES
The Enterprise Law, after four years of implementation, has created a breakthrough in the renewal of economic thinking as well as institutional and administratively-procedural reform for State management over enterprises. In parallel with the implementation of the Enterprise Law, various policies on encouraging and creating conditions for the development of private economy have been promulgated, thus removing problems and difficulties, strongly promoting the creativeness and production capacity of all people throughout the country, directing toward investment in production and business, and contributing an important part to economic growth and restructuring, as well as settlement of social issues.
However, there remain some shortcomings in the implementation of the Enterprise Law regarding both State management bodies and enterprises. The right to business freedom under law provisions has not yet been fully exercised; the realization of policies on support for the development of small- and medium-sized enterprises is still slow; there remains discomfort in the work of State management over enterprises; there still exists the situation where the issuance of legal documents is not prompted by production and business requirements, and sometimes, the ask-give mechanism re-appears; not a few procedures for market accession proved to be unreasonable, costly and long-lasting, especially in the conditional business lines; the plannings on development of business lines are unsuitable and need to be adjusted time and again, thus obstructing the emergence of new enterprises or investment expansion; sometimes, strict and complicated regulations are imposed just because of law violations by a few enterprises; not a few functional agencies, officials and employees laid down at their own will troublesome and complicated administrative procedures, thus making enterprises miss their oppoturnities and bear high costs.