Strong and clear-cut message from CPVCC’s 5th plenum

May 14, 2017 | 19:43
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The 5th plenum of the 12th Communist Party of Viet Nam Central Committee (CPVCC) has wrapped up with a strong and clear-cut message of removing obstacles against private economic sector.
The 5th plenum of the Communist Party of Viet Nam Central Committee takes place from May 5-10, 2017. Photo: VGP

Party General Secretary Nguyen Phu Trong said awareness of the role and position of private economy has been improved significantly, thus the sector has become an important driving force of the country's economic growth.

He said private and state sectors are the core of an independent and self-reliant economy in the context of international integration.

The Party chief called on State apparatus to consistently reform, improve and effectively organize the implementation of laws, mechanisms and policies in line with market rules and international practices and standards.

All prejudices and obstacles must be removed while reform of administrative procedures needs to be accelerated to create favorable conditions for the development of private economic sector.

The message from the plenum will be the footing for the Government to move forward in improving institutions, reforming business environment and State-owned enterprises.

Next week, PM Nguyen Xuan Phuc will chair a dialogue meeting with business community, the second time since he took office in early 2016.

This year’s dialogue will be attended by around 2,000 delegates, including central and local government officials, policy-makers, and business leaders as part of the Government’s effort to concretize the outcomes of the CPVCC’s 5th plenum.

All economic sectors need an equitable, transparent and healthy competition environment but the greatest desire comes from the private businesses.

The biggest hurdle for the private economic sector, as may said, is institutions which can only be improved if the State apparatus overcome outdated way of thinking.

According to former Minister of Trade Truong Dinh Tuyen, institutional improvement is of significant important and an urgent issue.

The dialogue, as PM Phuc required, will take place in a real and direct manner with the attendance of Deputy PMs, ministers and heads of agencies.

Organized right after the CPVCC’s 5th plenum, the dialogue demonstrates the Government’s high determination to create new breakthroughs in the national development path.

VGP

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