THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, October 11, 2019
Approving the plan on sustainable development of private enterprises through 2025, with a vision
THE PRIME MINISTER
Pursuant to the June 19, 2015 Law on Organization of the Government;
Pursuant to the National Assembly’s Resolution No. 142/2016/QH13 of April 12, 2016, on the 2016-2020 socio-economic development plan;
Pursuant to the National Assembly’s Resolution No. 24/2016/QH14 of November 8, 2016, on the plan on economic restructuring during 2016-2020;
Pursuant to Resolution No. 10-NQ/TW of June 3, 2017, of the 5th Plenum of the Central Committee of the Communist Party of Vietnam (the 12th National Congress), on development of the private economic sector into an important driving force of the socialist-oriented market economy;
Pursuant to the Government’s Resolution No. 98/NQ-CP of October 3, 2017, promulgating the Government’s Action Program to implement Resolution No. 10-NQ/TW of June 3, 2017, of the 5th Plenum of the Central Committee of the Communist Party of Vietnam (the 12th National Congress), on development of the private economic sector into an important driving force of the socialist-oriented market economy;
Pursuant to the Prime Minister’s Decision No. 622/QD-TTg of May 10, 2017, promulgating the National Action Plan to implement the 2030 Agenda for Sustainable Development;
At the proposal of the Minister of Planning and Investment,
Article 1. To approve the plan on sustainable development of private enterprises through 2025, with a vision toward 2030 (below referred to as the plan), with the following principal contents:
I. VIEWPOINTS OF SUSTAINABLE DEVELOPMENT OF PRIVATE ENTERPRISES
1. To remove all socio-psychological and business environment barriers for private enterprises to develop without any limit in scale and enjoy the right to freedom of enterprise in sectors and trades not banned by law.
2. To develop private enterprises in an efficient and sustainable manner, ensuring a close, reasonable and harmonious combination of their economic efficiency and their social responsibility and protecting natural resources and the environment.
3. To prioritize the provision of support to small- and medium-sized private enterprises to develop; to promote the building of major brands of Vietnamese enterprises on domestic and overseas markets.
II. OBJECTIVES AND TARGETS OF SUSTAINABLE DEVELOPMENT OF PRIVATE ENTERPRISES
1. Overall objective:
To boost the quality and efficient development of private enterprises, thus creating a firm foundation and an important driving force for fast and sustainable socio-economic development.
2. Specific targets:
a/ To improve the operation quality and efficiency of private enterprises, striving for the target that there will be at least 1.5 million and 2 million private enterprises by 2025 and 2030, respectively;
b/ To promote innovation and enhance cooperative association within private enterprises and the private sector. By 2030, to narrow the gaps in technological level, human resource quality and competitiveness of domestic enterprises and increase the percentage of domestic enterprises joining the regional and global production networks and value chains to be equal to that of the leading countries in ASEAN (ASEAN-4);
c/ During 2021-2030, private enterprises will achieve per-annum average growth rates of workforce, employee income, and state budget contribution of 6-8 percent, 25-30 percent, and 23-25 percent, respectively.
Click download to see the full text