As Việt Nam enters a new stage of development, sustained private-sector growth will require not only supportive policies but also a stable and transparent environment that ensures fair competition, Chinese Professor Tao Yitao said.
Việt Nam has recorded stronger business confidence, a sharp rise in enterprise formation and growing contributions from the private sector one year after the launch of Resolution 68-NQ/TW.
Leaders from various agencies and the business community also proposed expanding mechanisms that would allow private enterprises to participate in strategic infrastructure and technology projects, thus promoting innovation and enhancing national competitiveness.
One year after Politburo’s Resolution 68-NQ/TW on the development of the private economy was issued, the private sector has seen many positive signs from policy and investment flows.
The newly launched Vietnam Mergers & Acquisitions Association is expected to help connect businesses, investors as demand for corporate restructuring and strategic capital rises in Việt Nam.
Prime Minister Lê Minh Hưng once stressed that cutting administrative procedures and business conditions remained one of the fastest and most effective ways to stimulate growth and strengthen confidence among citizens and enterprises. He underscored that the reform process must...
Việt Nam needs to foster a new generation of private enterprises with stronger technological capabilities to lead key industries and shift from supporting growth to driving the country’s modernisation.
Prime Minister Phạm Minh Chính on Friday called for swift and concrete action to accelerate private sector development and turn it into the most important growth engine of the national economy.
New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
The Prime Minister urged Board IV and economic experts to continue advising the Government on mobilising collective strength, encouraging citizens to invest, produce and contribute to national progress.
The PM emphasised that the resolutions are already comprehensive. The most desired now is to organise implementation effectively, guided by the spirit of ‘thinking deeply and acting boldly.’