Removing barriers and creating momentum for the private economy

After 5 months of implementing Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development, a series of administrative procedures related to production and business activities have been reviewed, reduced and simplified. This strong move has contributed to removing barriers and adding motivation for the private economic sector to make a breakthrough.

According to the report of the Ministry of Finance at the meeting to review the implementation of Resolution No. 68-NQ/TW held recently, in 2025, ministries and branches will abolish 520 administrative procedures and simplify 2,421 administrative procedures. In general, the total number of procedures directly related to production and business activities that will be reduced and simplified will reach 2,941/4,888, equivalent to about 60.2%. Along with that, about 2,263 business conditions will also be reduced, with an expected rate of 31%. These are "telling" numbers that show the strong determination of the Government in creating a more transparent, favorable and competitive investment and business environment.

A series of administrative procedures related to production and business have been cut and simplified, creating favorable conditions for the development of the private economy . In the photo: Producing garments for export at a business in Tuy Hoa ward.

In fact, each regulation abolished or simplified means that businesses have to reduce one trip, one set of documents, one expense. For small and medium-sized enterprises, which account for more than 90% of the total number of businesses today, this is a boost to help reduce financial burdens and save time to focus on production and business.

However, cutting administrative procedures is only the first step. The core issue is service quality and transparency in the implementation process. If procedures are abolished on paper but implementation is slow, or the situation of "administration" still exists, even generating unofficial costs, it is difficult to strengthen business confidence. Therefore, in parallel with simplifying procedures, ministries, branches and localities need to promote digital transformation in public service provision, enhance accountability, and ensure that all reform policies are implemented publicly, conveniently and effectively.

On the other hand, when barriers are removed, the market will also become more competitive, forcing each enterprise to improve its capacity to take advantage of opportunities. This is the time for private enterprises to promote their mettle, long-term thinking, dare to invest in innovation, digital transformation, improve product and service quality to affirm their position, not only domestically but also towards the international market.

For Dak Lak, reforms from Resolution No. 68 are opening up great opportunities to exploit local strengths. As a province with advantages in high-tech agriculture , agricultural processing, renewable energy and community tourism, the reduction of procedures and business conditions will create favorable conditions to attract new investment projects, while helping businesses, cooperatives and business households in the province easily expand production, processing and export scale.

After 5 months of implementation, the positive signals from Resolution No. 68 have affirmed the right direction in private economic development. From cutting thousands of administrative procedures to encouraging start-ups and innovation, all are creating a bright picture, promising a new breakthrough phase for the private economic sector. What is needed now is the consensus and determination of all levels and sectors, along with the initiative of the business community so that reform commitments can truly come to life, making practical contributions to the goal of rapid and sustainable development in the coming time.

Source: https://baodaklak.vn/kinh-te/202510/go-rao-can-tao-suc-bat-cho-kinh-te-tu-nhan-76706b9/