Chairing a meeting of the Government's Party Committee's Standing Board, held on September 22, to continue providing feedback and finalizing a dossier for a scheme and draft Resolution on the development of the state economy,  to be submitted to the Politburo, Prime Minister Pham Minh Chinh emphasized that the state should do what the private sector cannot, and should not do what the private sector can do and does better.

Highlighting that the state economy is a component of the integrated national economy, which comprises many economic sectors, the PM stated that the approach in developing the scheme must be inclusive, comprehensive, fundamental, and systematic, fitting within the overall "pillar" resolutions of the Politburo. It should aim to remove difficulties and obstacles in practice, and unleash resources for the state economy to develop better. The presentation of the scheme and the draft resolution   must ensure generality, actionability, feasibility, and effectiveness. 

The scope and subjects of the scheme's research include: land, natural resources; public assets; state budget, national reserves, and various funds; state-owned enterprises and credit institutions; and public non-business units.

The objective is to develop the state economy towards improving quality and efficiency, maintaining a leading, guiding, pioneering, and regulating role; ensuring national economic security, financial-monetary security, energy security, and food security; and ensuring social welfare, progress, and social equity.

The Prime Minister emphasized that the state economy must promote its leading, pioneering, guiding, and regulating role, connecting all economic sectors; resources must be strictly managed and maximized, ensuring fairness, transparency, and openness in accessing and using the nation's resources, and equal competition among economic sectors; the state should do what the private sector cannot, and should not do what the private sector can do and does better; socialization should be strengthened; and equitization should continue to make enterprises operate more efficiently and prevent  state resources from being lost.

In addition, the principle of clearly distinguishing between criminal, administrative, and civil responsibilities, and between legal entities and individuals in handling violations, must be adhered to. When dealing with civil and economic violations and incidents, priority should be given to applying civil, economic, and administrative measures first, according to the PM.