Affirming faith in the private economy
Sharing at the seminar "For the private economy to break through according to Resolution 68 - Things to do immediately" organized by the Government Electronic Information Portal on the afternoon of May 9, Ms. Bui Thu Thuy - Deputy Director of the Department of Private Enterprise Development and Collective Economy, Ministry of Finance said that although there have been many support policies such as the Enterprise Law, Law on Support for Small and Medium Enterprises, the implementation process is still far from the spirit set out in the resolutions.
"For example, Resolution X of the Central Committee from 2017 clearly stated the principle of 'not criminalizing economic relations'. However, in reality, there are still many problems in implementation," Ms. Thuy said.
Resolution 68 has many new breakthroughs, especially the level of detail in regulations and consistency in institutional thinking. "For example, this resolution clearly states: in cases that are unclear and '50-50' in nature, we will absolutely not criminalize them," Ms. Thuy cited.
 |
| Ms. Bui Thu Thuy - Deputy Director of the Department of Private Enterprise and Collective Economy Development, Ministry of Finance. Photo: VGP/Nhat Bac |
A representative of the Ministry of Finance said that during the process of providing comments on the draft resolution, there were many concerns that strong proposals would be difficult to accept. However, the strong direction from the Central Committee, especially the guiding article by General Secretary To Lam as a "compass", has created confidence and determination to introduce stronger reform contents.
One of the important contents emphasized by Ms. Thuy is the issue of business conditions. Accordingly, previously, ministries and branches could set their own conditions, causing difficulties for businesses. "This time, the resolution clearly stipulates that all business conditions will be transferred to a public announcement mechanism; ministries and branches are not allowed to set additional conditions, except for some special fields such as national defense, security, and people's health. This is a change that removes major barriers for businesses," Ms. Thuy said.
Regarding trust, Ms. Bui Thu Thuy said that the Party and Government have shown deep trust in the private sector. Previously, in practice, state-owned enterprises and FDI enterprises were often given priority over private enterprises, especially in accessing credit.
"There was a time when state-owned enterprises were able to borrow capital without collateral, while private enterprises had great difficulty. This resolution clearly affirms that if there is discrimination, the person who carries it out will be held responsible," said Ms. Thuy, emphasizing that "implementation will be the decisive factor for success."
Explaining the Politburo’s emphasis on the role of the private economy, Ms. Thuy said that the domestic private sector currently contributes more than 50% of GDP, while state-owned enterprises and FDI each account for about 20%. However, most private enterprises are still small in scale, have low competitiveness, and have limited participation in the global value chain.
"Developing the private sector is not only to solve immediate difficulties, but also needs to aim for a long-term role in sustainable economic growth," Ms. Thuy affirmed.
New thinking must come with new ways of doing things.
Emphasizing the spirit of "innovation in thinking and determination in action" so that Resolution 68 can quickly come into life, Mr. Phan Duc Hieu - Member of the National Assembly's Economic and Financial Committee said that the most important thing now is to take advantage of the strong reform spirit that is spreading throughout the apparatus.
"If we don't take advantage of it soon, that spirit may cool down. When there is innovative thinking in the way of building resolutions, there also needs to be a way to implement it with the same spirit," said the National Assembly delegate.
 |
| Mr. Phan Duc Hieu - Member of the National Assembly's Economic and Financial Committee. Photo: VGP/ Nhat Bac |
He gave a specific example of reviewing administrative procedures: "If each ministry and sector sits down for a week to think seriously, it can be done immediately." In addition, switching from pre-inspection to post-inspection, eliminating sub-licenses, and switching to a publication mechanism was also mentioned as completely feasible if there is determination.
An important recommendation is to establish an independent institutional reform agency with the authority to submit legal proposals, not just at the current level of recommendations. "In some countries like South Korea, no agency can submit a draft law without first being reviewed by the institutional reform agency. They act as a filter for the quality of legal regulations," said delegate Phan Duc Hieu.
Sharing more about the action program to implement Resolution 68 into practice, Deputy Director of the Department of Private Enterprise and Collective Economy Development Bui Thu Thuy said that the spirit of institutionalization has been integrated from the draft resolution stage.
"Right from the time of drafting the Resolution, we have adhered to the idea of maximum institutionalization. Contents related to transforming the management model and reviewing business conditions have also been clearly included in the Resolution," said Ms. Thuy.
According to Ms. Thuy, reviewing the list of more than 200 business conditions under the Investment Law is one of the key tasks and needs to be implemented soon. "We have noted the proposal to re-publish this list and will discuss with relevant agencies to implement it. If it is not submitted in time, it will be difficult to pass it," said a representative of the Ministry of Finance.
Regarding the implementation progress, Ms. Thuy said that this is one of the fastest resolutions to be implemented in recent years. "In more than 20 years of working, I have never seen a resolution institutionalized as quickly as Resolution 68. In the past 2 months, we have worked day and night to complete it ," she shared.
Currently, the Government's action program is assigning about 50 tasks to ministries and branches, most of which are required to be completed in 2025. For draft laws that cannot be submitted in the 9th session of the 15th National Assembly, the plan is to submit them to the 10th session in October 2025. Some contents that require more in-depth research can be postponed to 2026.
"The resolution sets out a vision for 2034, but all tasks are targeted to be basically completed within the next two years. The goal is that by the end of 2025, most of the tasks must be completed," Ms. Thuy emphasized.
General Secretary To Lam, on behalf of the Politburo, signed Resolution No. 68-NQ/TW on private economic development. According to the Politburo's guiding viewpoint, the private economy is the most important driving force of the national economy. It is also a pioneer in science and technology development, innovation and digital transformation. The Politburo affirmed that developing a fast, sustainable, effective, and high-quality private economy is a central, urgent, and long-term strategic task. Therefore, this orientation needs to be specified in the country's development strategies and policies. This is to promote all potentials and strengths, and liberate all resources, especially among the people, for socio-economic development. |
Source: https://congthuong.vn/hau-truong-xay-dung-nghi-quyet-68-ve-kinh-te-tu-nhan-386839.html
Comment (0)