PM calls for robust measures to promote private economic growth

Prime Minister Pham Minh Chinh has called for robust measures to enhance the role of the private sector as a key engine of the economic growth.

The call was made at the first meeting of the national steering committee for implementing the Politburo’s Resolution No. 68-NQ/TW on private economic development, chaired by the Prime Minister in Hanoi on August 4.

The Prime Minister emphasized the importance of remaining resolute in achieving the resolution’s objectives, which aim to elevate the private sector into one of the most critical pillars of the national economy.

To that end, he outlined several key groups of tasks and solutions, including resolving institutional bottlenecks, reviewing and amending legal documents relating to taxes, fees, land access, natural resources, interest rate support, human resource training, administrative penalties in the fields of competition, science and technology, and digital transformation.

The PM tasked the Government Office with drawing up a roadmap to streamline administrative procedures, reducing both the time and cost involved. Greater decentralization and delegation of authority to local governments in handling administrative matters was also instructed.

Localities, meanwhile, were urged to improve and finalize their development planning, promote new investment projects, and ensure that investor access remains equal, transparent, and open.

During the seven-month period this year, over 536,000 new business households were registered, up 165% annually, and over 66,300 enterprises resumed operations, a nearly 50% increase compared to the same period in 2024.