Resolution No. 68 breathes new life into private economy

With support policies from local authorities, especially Resolution No. 68, the private economic sector has more room for development (Photo: Yen Loan bird's nest products of Loan Phat Huy Company Limited are increasingly known to consumers)

Listening, sharing and accompanying the private economy

In 1986, as soon as the country entered the period of renovation, the multi-sector economy was officially recognized, in which the private economy was recognized as a component part of the multi-sector economy.

Through congresses, the Party's resolutions continued to affirm and emphasize the role of the private economic sector in the socialist-oriented market economy.

On May 4, 2025, Resolution No. 68 of the Politburo also continued to affirm that the private economy is the most important driving force of the national economy, a pioneering force in promoting growth, creating jobs, improving labor productivity, national competitiveness, industrialization, modernization, and restructuring the economy towards green, circular, and sustainable development.

Together with the state economy and collective economy, the private economy plays a core role in building an independent, autonomous, and self-reliant economy associated with deep, broad, substantial, and effective international integration, helping the country escape the risk of falling behind and rise to prosperous development.

This is considered a stronger and more decisive affirmation of the Party's viewpoint when considering the private economy as an important driving force of the economy.

Based on the Party's viewpoint, in recent years, the province has paid attention to and created conditions for enterprises to develop rapidly and comprehensively. Thanks to that, the private economic sector has increasingly participated in production and business activities in many fields such as agriculture, industry, transportation, trade, services, construction and processing of agricultural, forestry and fishery products.

The team of entrepreneurs has gradually matured in all aspects, initially forming a new generation of entrepreneurs with dynamic and creative qualities in the context of challenges of international economic integration.

This economic sector also contributes greatly to the province's GRDP, creating jobs for tens of thousands of workers.

Tan Nhien Company Limited creates jobs for hundreds of local workers

Mr. Dang Khanh Duy - Director of Tan Nhien Company Limited, said: “Currently, the company's non-soaked rice paper products have been favored by the market. To export products, the company has invested in modern production lines, improved the supply chain, strengthened the international sales team, etc. Up to now, the non-soaked rice paper products have been exported to many large markets such as Japan, Korea, and the United States. The company has also created jobs for hundreds of local workers.”

“In addition to the efforts of enterprises, during the operation process, from the very beginning, we received enthusiastic support from provincial leaders, relevant departments and branches in participating in trade promotion programs to expand the market, training courses on production and business, etc. to improve knowledge. In addition, since the product was recognized as meeting the 5-star OCOP standard, consumers have favored it more and more.” Mr. Dang Khanh Duy added.

In addition, to promote the development of enterprises, in recent times, the province has focused on issuing resolutions, programs and plans to improve the investment and business environment, enhance competitiveness, and create conditions to support economic sectors to develop.

In addition, the province has focused on reforming administrative procedures, promoting the application of information technology, and effectively implementing policies to support small and medium enterprises, especially newly established enterprises. The coordination mechanism between the government and enterprises has also been innovated in the direction of listening, sharing and accompanying.

Loan Phat Huy Company Limited was established in 2016 with the main product being Yen Loan bird's nest produced according to HACCP and ISO standards. Currently, the company creates jobs for about 30 local workers.

Starting with high-quality products, from the very beginning, the company received support from the local authorities in administrative procedures; participating in product introduction fairs, tourism trade promotion conferences in and outside the province; bringing products to reputable e-commerce platforms to reach more customers. Thanks to that, Yen Loan bird's nest products are known and trusted by many customers.

The private sector still faces many difficulties

Trade and advertising promotion support policies help many private enterprises in the province expand their product consumption markets

Over the years, the number of enterprises in the province has increased in most industries and fields. Many enterprises have proactively integrated deeply and widely, participated in the global value chain, and gradually applied new production and business models associated with digital transformation, green economy, and circularity. However, in reality, the development of private enterprises has not been commensurate with their potential in terms of both quantity and scale.

Currently, the province has more than 37,000 registered enterprises, of which more than 23,000 are operating, mainly small and medium enterprises, so they face many difficulties in terms of capital, market, and labor.

According to Mr. Huynh Huy Cuong - Vice Chairman of the Provincial Business Association, although local authorities and departments and branches have created many favorable conditions for enterprises, there are still bottlenecks in recruiting skilled workers and professional management; enterprises are still not completely favorable in expanding production and business.

The private economic sector has been creating jobs for hundreds of workers

“My enterprise is also facing difficulties in some areas, especially in the fields of land and planning. When I want to expand production, it is very difficult to find a site, and when I found a site, there are always bottlenecks in planning. We hope that the government and departments and branches will continue to accompany enterprises and have more open mechanisms, removing difficulties as soon as enterprises propose” - Mr. Huynh Huy Cuong said.

Mr. Vo Nguyen Vu - Director of 7 Sang Clean Agriculture Company Limited, shared: “Not only my company, many enterprises in the province are also facing some difficulties in expanding production and business scale. Therefore, we really hope to soon access the province's support policies”.

Developing and promoting the role of small and medium enterprises not only promotes internal strength to contribute to socio-economic development but also contributes to promoting economic growth, ensuring progress, social justice and effectively solving social problems in the province.

Therefore, in the coming time, the province needs to continue implementing policies to support enterprises for sustainable development in the new situation. In particular, with the spirit of innovation, eliminating prejudices, creating an open investment and business environment, Resolution No. 68 on developing the private economy is expected to remove bottlenecks, open up new development space, and make new breakthroughs for this economic sector./.

By Vu Nguyet - Translated by Q. Thien

Source: https://baolongan.vn/nghi-quyet-so-68-thoi-luong-sinh-khi-moi-cho-kinh-te-tu-nhan-a199806.html