General Secretary To Lam emphasized the role of the private economy in the article "Dveloping the private economy - Leverage for a prosperous Vietnam" that it is necessary to thoroughly grasp this role in the political system.
Not only a political luan, it is also a declaration of innovation, an order of the times.
The private sector is contributing more than 51% of GDP, creating more than 40 million jobs, becoming a strong driving force for the economy.
Resolution No. 09-NQ/TW in 2011 and Resolution No. 10-NQ/TW in 2017 affirmed the role of this area. However, despite many years of progress, the private economy has not been able to break through, still having to squeeze into an un truly equal business environment, entangled in invisible barriers.
The biggest obstacle is not capital, land or technology. The biggest obstacle is thinking.
For a long time, state-owned enterprises have been considered the "backbone" and FDI enterprises are the "push" of the economy, while private enterprises, despite their large contributions, are still considered the "supporting" component. This viewpoint not only exists in thinking but also seep into policies and the way localities treat businesses.
General Secretary To Lam frankly pointed out in the article "Dveloping the private economy - Leverage for a prosperous Vietnam" on March 17: "In many cases, state-owned enterprises and foreign enterprises still receive more incentives than the private sector" and "The phenomenon of harassment and unofficial costs still exists, creating an invisible burden for private enterprises."
Therefore, the requirement is not only to support or manage this area, but also to proactively create opportunities for private economic development.
Lessons from successful economies in the world have also shown that the private sector is the driving force for innovation, improving labor productivity and creating the most sustainable wealth.
A strong economy cannot be without a strong private sector, especially in the context of Vietnam facing geopolitical shifts and restructuring the global supply chain. If we lack a competitive private enterprise force, we are at risk of playing the role of a "processing workshop" instead of becoming a real production - technology center.
It is time for the "three-horse car" of the economy - the state sector, the FDI sector and the private sector - to be led by the most dynamic horse. And that horse is the private economy. When barriers are removed, when opportunities are given fairly, the private economy will be the strongest driving force to bring Vietnam to prosperity faster on the global economic map.
