Truong Gia Binh, President of Vietnam Software and IT Services Association (Source:

Hanoi (VNA) – The National Private Economic Development Research Board made its debut in Hanoi on October 30.

The board, managed by the Government’s Advisory Council for Administrative Procedure Reform, is aimed at helping the Government reform mechanism, policies and administrative procedures related to the private economic sector, in keeping with the national economic objectives.

It also takes the initiative of setting up an assisting system and mobilising resources for the performance of the assigned tasks.

The board is chaired by Truong Gia Binh, who is also President of Vietnam Software and IT Services Association and Deputy Chairman of the Advisory Council for Administrative Procedure Reform.

Binh’s deputy is the General Director of Vina Capital Group and Deputy Chairman of Global Agenda Council on ASEAN (World Economic Forum) Don Di Lam.

Members of the board also include representatives from the Vietnam Software and IT Services Association, the Business Federation of southern Binh Duong province, Shrimp Association of southern Binh Thuan province and the Tourism Advisory Board, as well as the Vietnam Private Sector Forum’s Advisory Board and Vina Capital Group.

Statistics from the Ministry of Planning and Investment showed that the private economic sector contributes 43.22 percent to the country’s gross domestic product (GDP). It targeted to raise the figure to 60 percent by 2020.

The sector currently accounts for 39 percent of the total social investment and generates 11.9 percent of all jobs.

Meanwhile, the State economic sector contributes 28.69 percent to the GDP.-VNA