Conference focuses on Party’s economy-related resolutions
A national conference for Party officials to study the three resolutions related to the economy adopted at the fifth plenum of the 12th Party Central Committee was opened in Hanoi on June 29.
Prime Minister Nguyen Xuan Phuc speaks at the conference (Source: VNA)
Hanoi (VNA) – A national conference for Partyofficials to study the three resolutions related to the economy adopted at thefifth plenum of the 12th Party Central Committee was opened in Hanoion June 29.
The resolutions deal with development of the privateeconomy; the restructuring and renewal of State-owned enterprises (SOEs); andcompletion of institutions for the socialist-oriented market economy.
Addressing the conference, PM Nguyen Xuan Phuc said PartyCommittees and authorities at all levels should thoroughly grasp theresolutions as they contain major orientations for the economy.
The guidelines, key targets, tasks and solutions drafted inthe resolutions should be used to build working programmes of agencies,sectors, all-level administrations and organisations, the PM said.
He highlighted the important changes in the awareness aboutthe role and position of the private sector, noting that State-owned businessescontribute 30 percent of GDP and over 246 trillion VND (10.8 billion USD) tothe State budget, while the private sector contributes 40 percent of GDP andplay a key role in generating jobs.
At the same time, the Government leader stressed thatcompleting institutions for the socialist-oriented market economy is astrategic task and a key breakthrough, which will free up all resources for rapidand sustainable socio-economic development, especially in the context of thestrong pace of the fourth industrial revolution.
To make SOEs operate effectively in the market economy, heemphasised the need to clarify the State management function and the Stateownership function, and establish an agency which represents SOEs and capitalthe State pours into the enterprises.
The leader also called for more efforts to increase theoperation efficiency of small- and medium-sized enterprises and boost thestart-up movement.-VNA
Vietnam’s economy will grow at 6.5 percent in 2017 and expand to 6.7 percent in 2018, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2017” report.
Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which made by FDI firms. Low local content ratio in manufacturing may hold back the economy.
People, particularly those working in informal sectors and housewives, are afraid of a possible surge in the prices of goods as soon as the basic salary for civil servants and public employees increases next month.
The Party Central Committee’s Economic Commission and the Australian Embassy held the Vietnam Economic Forum 2017 in Hanoi on June 27 under the theme “Unleashing the potential for sustainable economic growth”.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
Prime Minister Nguyen Xuan Phuc speaks at the conference (Source: VNA)
