PM pledges a clearance of barriers to the private sector

By An Chi - Aug 02, 2017 | 07:50 AM GMT+7

TheLEADERThe 2017 Vietnam Private Sector Forum (VPSF) focused on the dialogue between the Government and the representatives of ministries, local authorities and the private sector on three key national spheres: agriculture, tourism and the digital economy.

PM pledges a clearance of barriers to the private sector
Prime Minister Nguyen Xuan Phuc at the 2017 VPSF (Photo: Vietnamese Government Portal)

On July 31st in Hanoi, with the theme "Vietnam Private Sector Action Program in light of the Central Committee Resolution 5", the 2nd VPSF commenced with the participation of more than 1,000 businesses.

According to the report of the 2017 VPSF organizers, the private sector has made a significant contribution to the development of our country such as increasing the state budget, creating jobs and easing social problems.

Since 2010, the private sector has contributed more than 43% to GDP, the highest in all sectors. The number of private enterprises has also sharply increased with the record levels of over 110,000 enterprises in 2016.

(Photo: Thu Phuong - TheLEADER)

Speaking at the forum, Prime Minister (PM) Nguyen Xuan Phuc said that the Government always regarded the private sector as the driving force of the economy.

"This forum today is an opportunity for the Government to not only listen to private enterprises but also help remove obstacles to develop the private sector as expected", PM Phuc emphasized.

PM affirmed the determination and expectation of the Party and State on the role of the private sector as an important driving force.

Three selected topics of the forum were the digital economy, tourism and agriculture. They were also the key to the socio-economic development strategy to 2030.

Tran Anh Vuong – Head of the 2017 VPSF Board of Organizers – said, "This is the second time that a forum about the private sector has been held. Even more important, it is held right after the Central Committee Resolution 5, which identified the private sector as the driving force of the economy, was released."

Eric Sidgwick – Director of the Asia Development Bank (ADB) – acknowledged that the presence of the head of the Vietnamese Government at the forum reflected their commitment to improving the investment conditions and enhance the ability of private enterprises.