RESOLUTION 68: NEW BREAKTHROUGHS TO HELP THE PRIVATE ECONOMY DEVELOP
Resolution No. 68 of the Politburo has just been promulgated, with many new breakthroughs, removing many barriers for the development of the private economy.
On May 4, General Secretary To Lam signed and promulgated Resolution 68 of Resolution No. 68 of the Politburo on private economic development. Resolution 68 has many new differences in the private economy.
Affirming the driving role of the private economy
Resolution 68 determines that the private economy has been affirmed to play an important role. The Resolution clearly states that after nearly 40 years of renovation, our country’s private economy has gradually developed in both quantity and quality, becoming one of the important driving forces of the socialist-oriented market economy.
The private economic sector currently has more than 940,000 enterprises and more than 5 million operating business households, contributing about 50% of GDP, more than 30% of total State budget revenues and employing about 82% of the total number of workers in economic growth, job creation, and is an important force to promote innovation. improve labor productivity, increase national competitiveness, contribute to hunger eradication, poverty reduction, and social life stability.
Frankly stating the reasons that inhibit the development of the private economy
Resolution 68/2025 frankly states the reasons but mainly because: Thinking and awareness of the position and role of the private economy in the economy are still incomplete and have not kept up with development requirements; institutions and laws are still entangled and inadequate; leadership and direction have not been given proper attention; property rights and business freedom have not been fully guaranteed.
The private economy still faces many difficulties and obstacles in accessing resources, especially capital, technology, land, resources and high-quality human resources. Some preferential and support policies are not really effective and difficult to access; business costs are still high.
Source: Dantri