PM highlights development potential of private economic sector
There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17.
Prime Minister Nguyen Xuan Phuc (R) greets representatives from the Vietnam Private Business Association at the event in Hanoi on June 17 (Photo: VNA)
Hanoi (VNA) – There is room for the private economic sector to further develop,Prime Minister Nguyen Xuan Phuc affirmed during a reception for representativesfrom the Vietnam Private Business Association in Hanoi on June 17.
Theleader stressed equal development opportunities for different economic sectors,including the private economy, citing the 12th Party Central Committee’sResolution No. 10-NQ/TW which says the private economic sector is an importantdriver of the national economy.
Statisticsshow that the sector contributes over 40 percent of the national gross domesticproduct (GDP) and the number is on the rise, he said.
Oneof the Government’s major tasks is to promote different forms of enterprises,including private businesses which should be increased in terms of scale, quantityand competitiveness to join the areas of high values in the global supplychain, the PM said.
Heraised the questions regarding how to access technologies, capital and qualityhuman resources to develop the private economic sector, improve the quality ofadministrative services towards people and businesses, and promote businessinnovations as well as business ethics.
PMPhuc suggested private firms set forth suitable strategies to control businessrisks and contribute more to national growth, while paying more attention tosocial responsibility, green and sustainable development, environmentalprotection and law enforcement.
Privateenterprises should join the fight against corruption and other bad deeds inbusiness, he said.
Theparticipating businesspeople said they were impressed by PM Phuc’s message atthe Vietnam Private Economic Sector Forum last May that emphasised the need toensure equality, protection, encouragement and opportunity hand-over forprivate firms.
Theyproposed the Government step up administrative reform and build a favourablebusiness environment, saying the Party and the State should assign privatefirms harder tasks.
Theyalso stressed the need to promote innovations, digital economy and personnel trainingthat meets requirements of the Fourth Industrial Revolution.-VNA
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Prime Minister Nguyen Xuan Phuc (R) greets representatives from the Vietnam Private Business Association at the event in Hanoi on June 17 (Photo: VNA) 
