Prime Minister directs to soon submit to Politburo the Project on private economic development

Prime Minister Pham Minh Chinh speaks at the meeting on April 14.

In March, the Government established a Steering Committee to develop a private economic development project, headed by Prime Minister Pham Minh Chinh. At the Steering Committee meeting on April 14, the Prime Minister asked members to promptly submit this project to the Politburo .

The Prime Minister pointed out that the project must continue to closely follow the resolutions and conclusions of the Central Committee, the Politburo, the articles and instructions of General Secretary To Lam and must have inheritance, development and breakthroughs.

With more than 940,000 enterprises and more than 5 million business households, the private economy contributes about 50% of GDP, more than 30% of total state budget revenue, and 82% of total labor force. Vietnam aims to have at least 1 million more enterprises by 2030.

According to the Prime Minister, the development of the private economy needs to be placed in the overall context of the country's innovation and development, in the implementation of three strategic breakthroughs (institutions, infrastructure and human resources). Private development must also be consistent with the orientation of implementing the "strategic quartet" including breakthroughs in science and technology development - apparatus restructuring - development of the private economic sector - international integration in the new situation.

The Prime Minister asked the members of the Steering Committee to clearly identify the position, importance, contributions and bottlenecks that have prevented the private economy from developing commensurate with its potential. The project also needs to clarify the relationship between the private economy and other economic sectors.

The targets set for private economic development need to be more ambitious, creating pressure and motivation for this sector. At the same time, institutional orientation must be open, surpassing conventional thinking, with transparent infrastructure, smart governance and human resources.

The Prime Minister said that solutions must remove bottlenecks, identify internal resources as long-term and strategic, and external resources as important and breakthrough. This must also ensure equal access to the country's resources, ensuring competition between economic sectors.

In addition, tasks and solutions must be linked to restructuring the economy, foreign investment, enterprises, markets, products and supply chains. The requirement is to create conditions for private enterprises to grow, mature and cooperate with the FDI sector, especially in technology transfer.

TB (summary)

Source: https://baohaiduong.vn/thu-tuong-chi-dao-som-trinh-bo-chinh-tri-de-an-phat-trien-kinh-te-tu-nhan-409415.html