Leverage to help private economy break through

Speakers exchange ideas at the Business Roundtable Program

According to Mr. Tran Van Tuoi - Deputy Director of the Department of Finance, Resolution No. 68 has touched many concerns of enterprises; demonstrating the strong commitment of the Party and Government to administrative procedure reform. Resolution No. 68 was issued in sync with previous breakthrough resolutions such as: Resolution No. 57-NQ/TW, dated December 22, 2024 of the Politburo on breakthrough in science and technology development, innovation and national digital transformation; Resolution No. 59-NQ/TW, dated January 24, 2025 of the Politburo on international integration in the new situation; Resolution No. 66-NQ/TW on innovation in law-making and enforcement to meet the requirements of national development in the new era. These resolutions help the business community have confidence and aspirations for further development in the future.

Netviet TV General Director Nguyen Van Hau compared private enterprises to a "compressed spring" because they do not dare to develop or invest due to institutional problems. Resolution No. 68 will create momentum for enterprises by "hitting" the bottlenecks that enterprises have had to solve themselves; support policies on capital, credit, taxes, etc. stated in Resolution No. 68 are like a "new source of oxygen" for small and medium-sized enterprises. Many contents show the State's support in creating space for enterprises to develop.

Director of Huy Long An Co., Ltd. Vo Quan Huy said: in many years of operating in the agricultural sector, his company has faced many difficulties, but the three most common difficulties are access to land, capital, and administrative procedures. "Resolution No. 68 is very special, making the spirit of serving the Fatherland in the business community increasingly higher. In fact, in the heart of every entrepreneur, they turn to the country, wishing to serve" - Mr. Vo Quan Huy expressed. He hopes that by 2026, the Central Government and Tay Ninh province will have better action programs for KTTN to make a breakthrough.

In his role as a representative of innovative start-up enterprises, young entrepreneur Dang Khanh Duy - General Director of Tan Nhien Company Limited, is very excited when small and medium enterprises and start-ups are affirmed to be the focus of economic development. According to him, when accompanied by the State, in addition to the economic value created, enterprises also create cultural value, especially the pride when Vietnamese goods are brought to the world market.

In addition, the issue that is considered as a "revolution" in thinking of Resolution No. 68 for private enterprises is the policy of eliminating the "ask - give" mechanism, the "cannot manage, then ban" mindset, not considering enterprises as management objects as before but identifying them as partners to create and develop together.

Mr. Tran Van Tuoi informed: "The province has completed the program to evaluate the entire KTTN in the whole country. The province has an action program with important contents: Raising awareness from both sides, enterprises and state agencies, to correctly understand and transform the contents of Resolution No. 68 into reality; promoting administrative procedure reform, shortening the time to handle administrative procedures for enterprises, helping enterprises easily access resources; focusing on investing in transport infrastructure, logistics, digital technology infrastructure, etc. All are aimed at creating the most favorable conditions for enterprises to feel secure in production. In addition, the province has issued a Plan to implement Resolution No. 57 on developing science, technology, innovation and national digital transformation with a huge resource to support enterprises when they have creative ideas and start-ups".

General Secretary To Lam emphasized that promoting the development of the private economy must be considered a key task at present, and that developing the private economy is a lever for a prosperous Vietnam. Therefore, it is expected that Resolution No. 68 will create a breakthrough for the private economy sector with a very clear message and viewpoint from the Government: “Public and private sectors jointly build the nation”./.

The country has more than 940,000 enterprises and more than 5 million business households in operation, contributing nearly 50% of GDP and more than 30% of total state budget revenue. About 82% of the total labor force is working in private enterprises. The private economic sector has the ability to optimize resources well with a high rate of return on investment. The labor productivity growth rate of this sector is on average 6-8%/year.

The province currently has nearly 32,000 registered businesses with a total capital of over VND917,000 billion; over 92,000 business households. Of which, the private economic sector accounts for over 60% of the economic scale, contributing 24.2% of the province's state budget revenue; employing over 77% of the province's workforce.

Yen Mai

Source: https://baolongan.vn/don-bay-dua-kinh-te-tu-nhan-but-pha-a204426.html