With its breakthrough solutions, Resolution 68 is expected to unlock the potential and creativity of the private sector economy, contributing to the country’s sustainable development.
Clear mechanisms and policies play a specially important role as a launching platform for the private economic sector to make breakthroughs and greatly contribute to the national economic development.
Cao Duc Phat, deputy head of the Party Central Committee's Economic Commission, and Bouasone Bouphavanh, head of the Lao National Economic Research Institute, exchanged experience in building socio-economic development policies during a working session in Hanoi on March 19.
The increasing number of newly-established firms in the southern region in recent years has demonstrated their stronger confidence in Party and State policies designed to support the development of the private economy.
Management agencies need to focus on financial and monetary policies besides long-term solutions such as restructuring the economy, reforming State-run businesses, and developing private economy.
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.
Party General Secretary Nguyen Phu Trong has signed into issuance three resolutions adopted at the 12th Party Central Committee’s fifth plenary meeting that took place in early May.
The fifth plenum of the 12th Party Central Committee discussed many important issues related to major orientations for national socio-economic development and Party building and revamping.
Private economy was earlier only acknowledged as part of the multi-sector economy, but it has been regarded a key driving force for the economy and a vital factor to fulfill set tasks of the State.
Vietnam needs a number of large and medium-size firms in order to mentor and push forward small businesses, which are the backbone of a healthy economy, according to VCCI General Secretary Pham Thi Thu Hang.
Experts discussed measures to realise Vietnam’s aspirations of dynamic private economic development and institutional modernisation during a workshop in Ho Chi Minh City on June 16.
