Breakthrough "ciable eye" for economic growth
In Resolution No. 226/NQ-CP, the Government aims to continue to prioritize promoting growth in conjunction with maintaining macroeconomic stability, striving for a GDP growth rate of 8.3 - 8.5% in 2025. The question is what motivations need to be created, nurtured and promoted for our country's economy to continuously grow, lasting for the next few decades.
Prof. Dr. Ngo Thang Loi - National Economics University - said that in the view of "reviewing traditional growth drivers", removing bottlenecks that hinder growth, building an inclusive, public, transparent institution, creating high consensus in society, taking businesses and people as the center is an important way. Among the above subjects, removing and creating a breakthrough for the private sector, especially private enterprises, is a breakthrough link.
The results of calculations in the study "Removing bottlenecks in private economic development to achieve the double-digit growth target" of the National Economics University, if we consider the GDP growth aspect, in the period of 2011-2023, the private economic sector achieved an average growth rate of 6.3%/year, higher than the average of the entire economy (average 5.48%) and contributed about 50% to the GDP growth of the economy (in 2023 is 57%).
In 2025, to achieve the growth target of 8%, the private economic sector needs to achieve a growth rate of 10.3% and from 2025, to achieve the double-digit growth target, the private sector must have a minimum growth rate of 11.5-12% or more.
Ensuring equality for the private economy
Resolution 68-NQ/TU of the Politburo on Private Economic Development has set out viewpoints and goals to 2030, with a vision to 2045, emphasizing that the private economy is the most important driving force of the national economy. Resolution 68-NQ/TU sets specific targets for the average growth rate of the private economy to reach about 10 - 12%/year, contributing about 55 - 58% of GDP; By 2045, there will be at least 3 million enterprises operating in the economy, contributing about 60% of GDP... To successfully achieve this goal, Associate Professor, Dr. Le Xuan Ba - former Director of the Central Institute for Economic Research - said that it is necessary to boldly implement truly breakthrough solutions in private economic development.
According to Associate Professor, Dr. Le Xuan Ba, if we truly consider the private economy as the most important driving force, the first thing to do is to resolutely remove barriers in thinking and recognize the role and importance of this area. It is necessary to boldly and resolutely eliminate the thinking/perception of fear of the private economic sector, including large private enterprises. If this barrier is broken in practice, all resources for development will be unlocked.
"It can be said that trust is a very important resource, more important than other resources (finance, land, etc.). The State needs to ensure that the economy truly operates smoothly according to market principles, eliminate the mechanism of asking - giving, ensure effective equality among businesses in economic sectors, and create conditions for private businesses to have equal opportunities for development" - Associate Professor, Dr. Le Xuan Ba emphasized.
According to Associate Professor, Dr. Le Xuan Ba, it is necessary to encourage and create conditions for private enterprises to participate in strategic areas such as building high-speed railways, urban railways, etc.
