Prime Minister Nguyen Xuan Phuc held a policy dialogue with 14 chairmen and general directors of leading private enterprises in Hanoi on September 30. (VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc held a policy dialogue with 14chairmen and general directors of leading private enterprises in Hanoi onSeptember 30.
PM Phuc praisedthe production and business achievements of the participating firms, which, he describedas important contributions to the economy.
The PM said hewants the businesses to frankly talk about their difficulties and challenges, stressingthat the dialogue was a concrete action to implement the Resolution on thedevelopment of the private sector, which was adopted at the 12th Party Central Committee’s 5th plenum.
The governmentleader highlighted the recent substantial progress achieved by the private sector,but also pointed to a lack of large-scale private companies. Most of Vietnameseprivate enterprises are of small-, medium- and micro-sized firms, he said.
PM Phuc affirmedthat the Government will collect feedback from the companies to complete relevantpolicies, improve the business climate, and remove bottlenecks in orderfacilitate the private sector’s development.
According to theBusiness Development Department under the Ministry of Planning and Investment,the private economic sector contributes 43.22 percent to the country’s grossdomestic product (GDP), accounts for 39 percent of the total social investment,and generates 11.9 percent of all jobs. Meanwhile, the State economic sectorcontributes 28.69 percent to the GDP.
In 2016, thenumber of newly-established enterprises nationwide hit a new record with morethan 110,000, up 16 percent annually. In the first nine months of 2017, an additional94,000 firms were established with a combined registered capital of 900trillion VND (39.6 billion USD).-VNA
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