Private Sector

Deputy Prime Minister Le Minh Khai has signed Decision No. 167 approving the program on helping the private sector achieve a responsible business model.

A private sector-led low-carbon economic growth model can enable Vietnam’s goal of becoming a high-income country by 2045.

The private sector is expected to play a key role in driving the country forward in the upcoming decade.

USAID-supported project in 2015-2021 helps mobilize private investments for renewable energy and improve compliance with industrial energy efficiency.

At present, the level of efficiency in SOEs operation still remain modest and disproportionate to the amount of state capital under their disposal.

In case of ambiguity in laws and regulations, government agencies should go for the option that brings the most benefits for enterprises, said an expert.

The upward trend in economic growth would continue to 2022 as the country’s economic growth may reach 7.2%.

It is important to create room for all economic components to grow equally, especially the private sector.

Vietnam is currently home to nearly 800,000 operational enterprises, 98% of which are small and medium ones.

Hanoi will not allocate funds for fields and projects subject for the participation of private sector.