Turning private sector into important driving force for economy
Private economy was earlier only acknowledged as part of the multi-sector economy, but it has been regarded a key driving force for the economy and a vital factor to fulfill set tasks of the State.
The Government gives top priority to ensuring macro-economic stability and sustainable growth, according to Minister and Head of the Government Office Mai Tien Dung.
Vietnam needs a number of large and medium-size firms in order to mentor and push forward small businesses, which are the backbone of a healthy economy, according to VCCI General Secretary Pham Thi Thu Hang.
The 12th Party Central Committee listened to several important schemes on economic issues during the first working day of its fifth plenary meeting on May 5.
The facilitation of the private economic sector’s development and performance of the Politburo and Party Central Committee Secretariat were the focus of the Party Central Committee’s session on May 9.
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