Prime Minister Pham Minh Chinh has urged for more efforts to encourage the development of the private sector, and create favorable conditions for private businesses to participate in major national programs and projects.

Chairing the second meeting of the National Steering Committee for building the private economic sector development project, PM Chinh, who is head of the committee, stressed that it must fully unleash the productive capacity and resources of the country through the private sector; and mobilize all private resources for national development.

The PM asked for the development and implementation of institutions that ensure transparency, reduce administrative procedures, eliminate unnecessary steps that cause inconvenience or bottlenecks for citizens and businesses, and minimize compliance costs to the highest extent possible.

It was also necessary to mobilize resources, and diversify markets, products and supply chains to help people and businesses to get better access to business opportunities.

The Government leader stressed the need to have measures to promote sustainable business, and develop green economy and digital economy.

Private enterprises must be mobilised and assigned tasks to participate in the implementation of the three strategic breakthroughs that the Party and State are carrying out, especially in major infrastructure projects such as high-speed railways, airports, seaports, and expressways, he stressed.