Promoting the private economy to compete equally with other economic sectors

Hoàng Lâm |

Being ready to create all favorable conditions and encourage the development of the private economy does not mean obstructing or taking the contribution of other economic sectors lightly.

Resolution 68-NQ/TW has a word that has been discussed quite a lot. That is the word "one" in the sentence: "In a socialist-oriented market economy, the private economy is the most important driving force of the national economy".

Currently, there are 4 components contributing to the economy, including: State economy, private economy, collective economy and foreign-invested economic sector.

According to statistics in 2024, the private economy contributes 51% of GDP, the State economy contributes about 25% of GDP, the FDI sector contributes more than 20% and the collective economy contributes about 4.5% of GDP.

When Resolution 68 was issued, on many online forums, hostile forces, exiled reactionary organizations and the number of opposing subjects deliberately misunderstood and advertised that: The Party is considering the private economy as number one and taking the contributions of other economic sectors in the development process lightly, even denying them.

These are clearly false arguments, distorting Resolution 68 on private economic development.

Party documents, especially the documents of the 13th National Congress, clearly state the role and position of economic sectors. In particular, the state economy plays a role in orienting, regulating, and leading to promote economic development; the collective economy plays a role in providing services to members; linking and coordinating production and business; The foreign-invested economy plays a big role in mobilizing investment capital, technology, modern management methods, and expanding export markets.

The private economy is encouraged to develop in all sectors and fields that are not prohibited by law, especially in the fields of production, business, and services, and is supported to develop into strong private economic companies and groups with high competitiveness.

Resolution 68 is a Resolution that develops and deeps the Party's viewpoints, focuses on specific issues of the private economy, emphasizes solutions such as reducing inconvenience in licensing procedures; increasing protection and safety for businesses - entrepreneurs and unlocking resources.

The private economy, along with the State economy and the collective economy, plays a core role in building an independent, autonomous economy and effectively integrating internationally. The foreign-invested economy develops in a selective, greener direction, going deep into quality and technology.

Resolution 68 clearly states the viewpoint: "Ensuring a private economy competes equally with other economic sectors in accessing business opportunities and resources of the economy".

Thus, the Party's viewpoint is clear: Propose a high priority, create conditions to unlock private economic resources, while continuing to promote the advantages and roles of other key economic sectors. This is the path to develop a socialist-oriented market economy and also an effective path to mobilize capital, develop science and technology, solve employment, improve people's lives, and make the country develop more strongly.

Hoàng Lâm
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