Việt Nam is positioning the private economy as the 'most important driver' of the national economy, striving to reach two million private enterprises by 2030.The Rector of PACE Institute of Management and President of the Institute of Research on Education Development, Giản Tư Trung, talked with reporters about Việt Nam’s private sector and its role in the country’s economic future.Viewing the private sector as the most critical driver of economic growth reflects an accurate understanding of its role. Today, this isn’t just a proposal from the business community or a recommendation from experts—it’s a directive from the nation’s highest leader.In previous phases, the private sector’s robust growth injected new vitality into the economy, spurring economic innovation and national renewal. This time, for the first time, the private sector is being invigorated from the top.Amid domestic and global business challenges, entrepreneurs are hopeful that the Party and Government’s policies will be bolder, more decisive and more practical than ever to propel the nation forward.The conditions for the private economy to grow are tied to those needed for the broader economy and the country’s development. Beyond the prerequisites for economic take-off and national advancement, equality of opportunity among all economic sectors is essential for the private sector.Private enterprises also need equal access to resources—land, finance, data and mechanisms. For instance, they currently face significant hurdles in securing financial resources, relying heavily on collateral, while foreign firms benefit from better credit terms, lower-cost loans and global capital access.It’s worth noting that the private sector isn’t just large corporations or leading firms—it also includes a vast number of small, medium and micro-enterprises, which make up approximately 95 of all businesses. This community is a powerful engine for economic growth and a safeguard for national economic security during crises.— VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News