According to Mr. Pham Nguyen Toan, Vice President of Vnrea, Editor-in-Chief of Vietnam Real Estate Electronic Magazine, the core spirit of Resolution No. 68-NQ/TW is to place private enterprises in the role of strategic partners of the State - together creating social development. The new policy does not see enterprises as objects of management, but as subjects accompanying, sharing responsibilities and together building the future.
He emphasized: “Private enterprises are no longer left out of strategic infrastructure projects, but can completely become the force that owns key national projects if they are trusted with the responsibility with appropriate mechanisms. This is the consistent spirit of Resolution 68 when encouraging the private sector to participate in key areas if qualified.”
Statistics show that after nearly 40 years of renovation, the private economic sector in Vietnam has made great strides with over 940,000 enterprises, more than 5 million business households, contributing about 50% of GDP and creating jobs for over 80% of the country's workforce. This once again affirms that the private economy is the pillar of growth creation, leading innovation and expanding the national development space.
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| Discussion: "Breakthrough in institutional reform for the private economy to take off". (Photo: Tin Tuc and Dan Toc Newspaper) |
Here, the issue that delegates and experts raised was how to remove institutional bottlenecks that have hindered the development of the private economy and private enterprises today, so that the private economy can truly fulfill its historical role as the most important driving force of the economy.
Dr. Nguyen Van Khoi, Chairman of Vnrea, said that resolving institutional bottlenecks and ensuring private economic interests is an important task. Laws such as the Law on Bidding and the Law on Investment are being amended. However, detailed decrees and circulars are needed. He also emphasized the need to remove administrative procedure bottlenecks. “ The government has directed a 30% reduction, but we believe that there are areas that need to be cut more, including real estate,” said Dr. Nguyen Van Khoi.
Dr. Can Van Luc, member of the Prime Minister's Policy Advisory Council and Chief Economist of BIDV, said that it is necessary to effectively implement policies and guidelines on private economic development. He proposed to soon issue a Decree to support business households in converting into enterprises. At the same time, it is necessary to amend the Law on Support for Small and Medium Enterprises 2017, the Enterprise Law 2020, the Bankruptcy Law, and move towards building a Law on Private Economy.
According to Prof. Dr. Hoang Van Cuong, member of the National Assembly's Economic and Financial Committee, Vice Chairman of the State Council of Professors, member of the Prime Minister's Policy Advisory Council, institutional removal for the private economy is extremely important. This is to unblock and maximize national capacity. Prof. Dr. Hoang Van Cuong also noted the internal factor, especially when FDI capital flows are affected.
Also at the seminar, delegates focused on discussing and suggesting solutions to remove barriers and thoroughly remove bottlenecks in accessing land resources, towards sustainable development of the Vietnamese real estate market.
Accordingly, opinions point out that, when shifting from the mindset of "asking - giving" to the mechanism of "empowering - protecting rights - accompanying development", the State can liberate social resources, arouse initiatives and aspirations to get rich legitimately in each enterprise and each person. Ensuring property rights, business rights, fair competition... is both an economic issue and a matter of institutionalizing Resolution No. 68-NQ/TW.
Source: https://thoidai.com.vn/dot-pha-the-che-mo-duong-cho-kinh-te-tu-nhan-but-pha-213910.html
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