Legal assurance, innovation support key to private sector’s development: Top legislator
The National Assembly (NA)’s Standing Committee on May 14 afternoon deliberated on a draft resolution aimed at unleashing the potential of the private sector, with NA Chairman Tran Thanh Man underscoring the State’s support in legal frameworks, digital transformation, and innovation for the sector’s growth.
NA Chairman Tran Thanh Man (centre) at the 45th session of the NA's Standing Committee (Photo: VNA)
Hanoi (VNA) – The National Assembly (NA)’s Standing Committee on May 14 afternoon deliberated on a draft resolution aimed at unleashing the potential of the private sector, with NA Chairman Tran Thanh Man underscoring the State’s support in legal frameworks, digital transformation, and innovation for the sector’s growth.
According to the Government's proposal, the draft resolution seeks to institutionalise the Politburo's Resolution No. 68-NQ/TW on private economic development, expected to create a new lever and foundation for the sector’s production capacity. The main focus areas that the Government recommended comprised improving the business climate, easing access to land and production sites, providing financial, credit, and public procurement support, facilitating innovation, digital transformation, and workforce development, and promoting the formation of medium and large-sized enterprises.
The draft, comprising seven chapters and 17 articles, outlines principles for business inspections, licensing and certification, including limiting checks to once yearly except in case of evident violations, and shifts toward remote, electronic monitoring rather than physical inspections for compliant businesses.
NA Chairman Man called for concise content of the draft, focusing on breakthroughs that could tanꦰgibly propel the private se🌠ctor’s development.
At the 45th session of the NA's Standing Committee (Photo: VNA)
Laying stress on the significance of a shift in governance mindset, from control to facilitation, he stated that the State should neither stand outside the market nor intervene too deeply in business operations. He highlighted the need for consistency with existing laws and those under amendment, including the Law on Investment, the Law on Corporate Income Tax, and the Law on Science, Technology and Innovation.
Finally, he noted that financial backing will be essential to realise the resolution’s goals. From infrastructure investments to rent subsidies for high-tech firms, from tax incentives to credit support for small- and medium-sized enterprises and, the policies will require significant fiscal resources.|
The NA Chairman also called for careful scrutiny of beneficiaries and eligibility 💟conditions./.
Steel production has transformed significantly thanks to active participation from private enterprises, which have invested big in advanced production technologies and completed steel manufacturing lines with high-capacity plants, resulting in diverse and high-quality products.
Party General Secretary To Lam has recently signed Resolution No. 68-NQ/TW of the Politburo on private sector development. The resolution sets the goal that by 2030, the private sector will become the most important driver of the national economy, taking the lead in science and technology, innovation, and digital transformation.
Prime Minister Pham Minh Chinh called for a comprehensive review and revision of policies to encourage business freedom, foster healthy competition among enterprises, and ensure equal access to capital, land, and public assets
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
The General Secretary underlined the resolve to achieve a growth rate of at least 8% in 2025, laying the groundwork for double-digit growth in the following period. He noted that these are mandatory targets, with no alternative path to success.
Restructuring and improving the quality of officials, civil servants, and public employees is no longer a choice, but an urgent requirement to transition from administrative management to governance in service of the people.
The Vietnamese Embassy in Israel has advised Vietnamese people living there to proactively prepare and seek ways to leave the country via land border crossings, especially toward Jordan or Egypt, when security and safety conditions allow.
