Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc recently approved a scheme onpromoting the sharing economy.

Accordingly, measure groups will be implemented, focusing on ensuring an equalbusiness environment among businesses operating in both sharing and traditional economicmodels; legitimate rights, responsibilities and benefits of those participatingin the model of sharing economy, including service providers, users andplatform providers.

The scheme will also encourage innovation, digital technology application and thedevelopment of the digital economy.

Businesses will be supported to adapt to the new development trend of the sharingeconomic model amid the rapid development of digital technology.

The scheme stresses that State management should ensure legal economicactivities are developed, including sharing economic activities,in accordancewith the development trend of the digital economy and the 4th industrial revolution.

Enterprisesoperating in the traditional form will get support to transform their business.

Under a decision issued by the PM on August 12, the Ministry of Planning andInvestment will serve as a coordinator among ministries and sectors in amending,completing and supplementing laws and policies to suit requirements related to themanagement of sharing economic activities.

TheMinistry of Finance will implement the application of new technologies in taxation, and issue and guide the implementation of policies on tax andtax management for the shared economy.

TheMinistry of Industry and Trade will study and develop policies on developing sharingeconomic models to promote sustainable production and consumption; and e-commercedevelopment policies.

The Ministry of Information and Communications was told to study contentsrelated to cross-border information technology services to serve negotiations ofintegration commitments, while the State Bank will formulate regulations oncross-border payment transactions through payment gateways.

The Ministry of Science and Technology will review the legal system and issuesrelated to State management on science - technology and innovation serving economicsharing model.

Meanwhile,the Ministry of Justice will work with other ministries and sectors to clarifythe nature of sharing economic activities in terms of civil or specialisedfields.-VNA