Workshop highlights role of private economy in globalization
The private economic sector has greatly contributed to promoting socio-economic development of the country, heard a workshop in the Mekong Delta province of Bac Lieu on January 5.
BacLieu (VNA) – The private economic sector has greatly contributed to promotingsocio-economic development of the country, heard a workshop in the Mekong Deltaprovince of Bac Lieu on January 5.
During the event, participants highlighted the importance of pushing thedevelopment of the private economic area in the context of globalization and the4th industrial revolution.
They agreed that the private economic sector is one of the crucial factors helpingboost the national development, increase establishment of new businesses, createmore jobs and effectively tap social resources for the socio-economic development.
Attendees stressed the need to renovate policies for private economicdevelopment, which is considered as an important motivation for the socialism-orientedmarket economy.
Measuresto foster private economic development in the Mekong Delta region were also discussedat the event.
According to Le Quoc from the Ho Chi MinhNational Academy of Politics, the 4th industrial revolution will bethe foundation for strong economic transformation from resource and low costlabour-based models to knowledge economy and artificial intelligence.
Meanwhile, Long Van Nghia from the Manh Long One Member Co., Ltd in Bac Lieucity said the revolution helps improve the competitiveness of the privateenterprises through improving labour productivity, output, quality, thus reducingproduction costs.
Prof. Dr. Nguyen Xuan Thang, Chairman of the Central Theory Council and DirectorGeneral of the Ho Chi Minh National Academy of Politics, highlighted thesignificance of the workshop, saying that it aims to create theoretical andpractical foundations to prepare for the 13th national Party Congress,which is scheduled to be held in thefirst quarter of 2021.–VNA
The increasing number of newly-established firms in the southern region in recent years has demonstrated their stronger confidence in Party and State policies designed to support the development of the private economy.
Vietnamese enterprises, especially those in private sector, must unceasingly renovate themselves and take advantage of the fourth industrial revolution for their sustainable development while contributing to national growth, said President Tran Dai Quang.
Small-and medium-sized enterprises (SMEs) have become a momentum for national economic growth, said Chairwoman of the National Assembly Nguyen Thi Kim Ngan.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
At the workshop (Source: nhandan.com.vn) 
