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Official Gazette

Saturday, August 24, 2019
Tags: private economy
PM highlights development potential of private economic sector PM highlights development potential of private economic sector
There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17.
GDP growth rate highest in 11 years GDP growth rate highest in 11 years
Prime Minister Nguyen Xuan Phuc chaired the Government’s regular meeting on December 27, during which he shared that Vietnam’s GDP growth rate rose 7.08 per cent in 2018 - the highest rate for the past 11 years.
Party sets the goal of social insurance for all Party sets the goal of social insurance for all
On May 23, 2018, on behalf of the Party Central Committee of the 12th Congress, General Secretary Nguyen Phu Trong signed Resolution No. 28-NQ/TW on reforming social insurance policy torward the goal of universal social insurance. Vietnam Law and Legal Forum would like to introduce main parts of the Resolution.
Numerous tasks laid down for better business environment Numerous tasks laid down for better business environment
Ministries and sectors will further review current regulations so as to cut the number of existing business conditions and administrative procedures by one-third or, if possible, by half.
Rationale behind new Party resolution on private economy Rationale behind new Party resolution on private economy
One of the current tasks and solutions set for turning the private economy into an important driving force of Vietnam’s economy is “to reach consensus in terms of perception, thinking and action in the implementation of the guidelines and policies on development of the private economy”. Yet “there remain a number of issues on development of the private economy that need to be further concretized and clarified in both theory and practice.” Some of these issues are highlighted below.
Party affirms private sector as important driving force for economic development Party affirms private sector as important driving force for economic development
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 10 affirming the development of the private economy into an important driving force of the country’s socialist-oriented market economy. Following are the principal contents of the Resolution.
Party resolves to refine market economy institutions Party resolves to refine market economy institutions
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 11 of its fifth plenary meeting on completing the institutions of the socialist-oriented market economy, setting objectives for 2030 as well as solutions to achieving these objectives. Following are the principal contents of the Resolution.
Party Central Committee issues three resolutions on economy Party Central Committee issues three resolutions on economy
The fifth plenum of the Party Central Committee of the 12th tenure closed in Hanoi on May 10, fulfilling all the set objectives after six days of working.
Party to focus on socialist-oriented market economy Party to focus on socialist-oriented market economy
The Communist Party of Vietnam Central Committee opened its fifth plenary meeting of the 12th tenure in Hanoi on May 5.
Political Report of the Communist Party of Vietnams 10th Central Committee to the 11th National Party Congress Political Report of the Communist Party of Vietnam's 10th Central Committee to the 11th National Party Congress

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