Private sector vital to fuel economy: PM

The private sector is an important driver of economic development, said Prime Minister Nguyen Xuan Phuc at the second Vietnam Private Sector Forum held in Hanoi on July 31.

At the second Vietnam Private Sector Forum (Photo: VNA)

At the second Vietnam Private Sector Forum (Photo: VNA)

The event was organised by the Vietnam Young Entrepreneurs' Association and the Mekong Business Initiative.

The PM said the Government is well aware of the role of the private sector, which was highlighted under the 12th Party Central Committee’s fifth meeting Resolution.

He suggested removing all barriers while creating the best conditions for the private sector to develop.

Government conferences and dialogues have spent plenty of time on matters the private sector encounters, he noted.

The Government has also accompanied businesses and pushed ahead with institutional reform to improve the business environment and facilitate business operation, he said.

The PM affirmed that the key to economic growth lies in the private sector, reiterating the Government’s aim to enable the sector.

He encouraged the business community to raise their voice and help the Government boost the economy.

He cited a representative of the World Bank as saying “Vietnam has a bright future thanks to the private sector and people.”

Chairman and CEO of the technology company FPT Corporation Truong Gia Binh said if all favourable conditions are carried out for private enterprises according to the Government’s policies, the private sector’s growth will reach from 15 percent to 50 percent in the future.

A survey launched before the forum opened indicates that 65 percent of businesses questioned expressed their hope for a government of action.

The main topics under discussion included an action programme for the private sector, digital economy, agriculture and tourism.


Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.