Major private enterprises’ pioneering role in socio-economic development highlighted

VOV| 21/09/2024 16:55

Prime Minister Pham Minh Chinh chaired a Government Conference with major private enterprises in Hanoi on September 21 in a bid to remove difficulties, promote their pioneering role, proactive engagement in large projects as a way of contributing to socio-economic development.

The private sector currently plays an important role in the national economy, contributing nearly 45% to the country's GDP, and more than 40% of the total investment capital, while creating jobs for 85% of the country's workforce; accounting for 35% of total import turnover and 25% of total export turnover.  Many corporations have reached out to the region and the world and asserted themselves.

The conference aims to exchange views with private enterprises on ways to timely remove difficulties and obstacles in production and business activities of large-scale private enterprises, while researching and proposing mechanisms and policies to promote the strengths of big private enterprises in the sustainable and powerful socio-economic development of the nation.

In his speech, the cabinet leader emphasized that the Party and State of Vietnam identify private economic development as both an urgent and regular task in the process of fine-tuning the socialist-oriented market economic institution; considering the private economic sector as an important method to liberate labor and production, to mobilize, allocate and effectively use all resources for national development.

The conference with large private enterprises affirms the interest and expectations of the Government and cabinet leaders for the pioneering, breakthrough and leadership capabilities of these enterprises in particular and the strong and sustainable development of the private economic sector in general.

PM Chinh said he hopes that the conference will receive enthusiastic, responsible, and constructive contributions from participants to advise the Government and the Prime Minister on policies to unlock resources, create breakthroughs, and enhance the role of large private enterprises with the motto of harmonious benefits and shared risks.

At the conference, delegates focused on discussing a number of basic issues, including  identifying and specifically evaluating the position and role of large-scale private enterprises in implementing the goals, tasks and solutions stated in Resolution No. 01 towards fulfilling the 5-year socio-economic development plan for the 2021-2025 period and the 10-year socio-economic development strategy, (2021-2030). This is addition to clearly defining the participation and tasks of large private enterprises in the economic development process.

The participation of large private enterprises in big, difficult, breakthrough tasks is  to create momentum for socio-economic development, especially in new fields, catching up with the trend of science and technology and innovation, green development trends, circular economy, sustainability such as electric cars, semiconductor industry, artificial intelligence (AI) and even higher general artificial intelligence (AGI), high-quality and low-emission agriculture, the Government chief emphasized.

From identifying the leading role in the private economic sector, large private enterprises have shared goals and tasks to promote the efficiency of production, business and investment development in 2024 and the following period. Delegates also raised difficulties and recommendations and proposals of their businesses regarding the State's policies and the implementation of social responsibilities of businesses, especially while people are trying to overcome the severe damage and consequences caused by storms and floods.

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Major private enterprises’ pioneering role in socio-economic development highlighted
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