Topic: private economy

At a working session with the Government's policy advisory council held on May 8, Prime Minister Pham Minh Chinh requests no limits to private economic sector development.

Under the resolution, private economy is defined as the most important driver of the national economy and the pioneering force in science and technology development, innovation and digital transformation.

Measures including development of institutions that ensure transparency, reduce administrative procedures, and eliminate unnecessary steps that cause inconvenience or bottlenecks for businesses.

At a working session with the Party Central Committee's Commission for Policies and Strategies on March 7, Party General Secretary To Lam highlighted that changes in mindsets and perceptions are essential to transform policies and actions towards the private economic sector.