Hanoi pushes private sector growth agenda

The Star

2 days ago

Acting boldly: Chinh speaking in Kuala Lumpur recently. The PM is calling for clearly defining the roles and responsibilities of the Vietnamese state, local authorities, businesses and citizens in implementing Resolution 168. — Bernama
HANOI: Prime Minister (PM) Pham Minh Chinh on May 31 chaired a dialogue with enterprises and business associations to effectively implement a resolution on the private economy's development.
PM Chính said that after the Politburo issued Resolution 68, the government submitted to the National Assembly a proposal to issue Resolution 198 on specific mechanisms and policies to promote private economic development.
The government subsequently issued its own programme and action plan to implement the resolution.
The PM emphasised that the resolutions are already comprehensive and well-coordinated. The most desired now is to organise implementation effectively, guided by the spirit of 'thinking deeply and acting boldly.'
It also needs to find the most efficient approaches to unlock the potential of nearly one million enterprises and five million household businesses.
He called for clearly defining the roles and responsibilities of the state, local authorities, businesses and citizens in implementing the resolution.
PM Chính also urged unity and coordination with the spirit.
'When the party has provided direction, the government is committed, the National Assembly agrees, the people are supportive and the country is hopeful, we only discuss how to act, not whether to retreat.'
At the dialogue, minister and Government Office chairman Tran Van Son announced the decision to establish the National Steering Committee for the implementation of the resolution.
Enterprises and business associations expressed their commitment to operating in compliance with the law, fostering business ethics and a healthy business culture, eliminating opportunistic and illegal practices, renewing their business mindset and enhancing their capabilities.
'If everyone joins hands with the government in fully and faithfully implementing the policies that have been set out, I believe all enterprises will grow. That is also a global trend,' Mai Kieu Lien, CEO of Vinamilk, said.
Delegates also hoped for continued support from the government to facilitate business and production development.
'The state should soon develop and issue a special mechanism for science and technology enterprises in the agricultural sector, including policies on land, credit, tax and training; and amend the Law on Crop Production to align it with other laws,' Tran Manh Bao from Thai Binh Seed Group said.
He suggested establishing innovation support funds and developing a mechanism for cooperation and technology transfer between the public and private sectors.
Nguyen Van Khoi, president of the Vietnam Real Estate Association, said the priority is to address institutional bottlenecks and guarantee rights that enable private economic development. — Viet Nam News/ANN