Hanoi People's Council approves $9 billion for 2021-25 public investment plan
Hanoi will not allocate funds for fields and projects subject for the participation of private sector.
Hanoi will not allocate funds for fields and projects subject for the participation of private sector.
The initiatives aim to advance private sector’s innovative solutions disaster resilience.
The average growth rate of newly established enterprises is expected to reach 15% per annum in 2021 – 2030.
Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private sector investments.
Vietnam prioritizes private investment in energy sector but keeps the crucial role of state-owned enterprises.
The private sector made up 97% of total enterprises nationwide reporting business results as of end-2018, with 43.7% of the sector generating profits and 48.6% suffering losses.
In Vietnam, the greatest SDG investment opportunities are found in transport infrastructure and improving digital access.
The responsibility of state-owned enterprises (SOEs) is to be pioneer in applying technologies and supporting socio-economic sustainable development.
A growing role of the private sector in the economy would help Vietnam overcome challenges and quickly adapt to international practices, said experts.
A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.