Making Private Sector Stronger and More Competitive With the theme of “Opportunities for investors in SOE restructuring in 2016 – 2020”, the Vietnam Economic Forum 2017 held in Hanoi by Business Forum Newspaper in cooperation with the Central Institute for Economic Management (CIEM) brought together more than 300 attendants who were executives, economists and association leaders from central to local levels. Drastically accelerating equitisation Delivering opening remarks to the forum, Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), said that the second meeting of the 14th National Assembly adopted a resolution on economic restructuring plan and highly agreed on the change of economic model where the private sector plays an important role. The private sector is a driving force and a major objective of economic restructuring process in the 2016 – 2020 period aimed to reallocate resources for more effective development, create a fair business environment, enhance competitiveness and improve our internal strength. He said, one of key tasks is to restructure the State-owned sector and open up opportunities for the private sector. The plan put forth specific objectives, particularly reducing State-owned holding ratio at State-owned enterprises (SOEs), reducing SOEs with controlling State shares,… Read full this story
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