Private sector plays crucial role in national economy: PM
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PM Nguyen Xuan Phuc addreses the plenary session of the Vietnam Private Economic Forum (Photo: VNA) |
PM Phuc also suggested a number of solutions that could be used to promote the advantages of the business community and hinted at ways in which small businesses can expand their market shares in foreign markets.
Renovation and creativity are important driving forces for businesses when expanding around the world, he noted.
The government leader also raised questions regarding the bottlenecks that have emerged within the Vietnamese economy. In addition, he also urged participating businesses and entrepreneurs to propose solutions aimed at developing the private sector into a spearhead industry in the future.
The PM also praised businesses that have been able to make strides in seeking new markets and speeding up radical reform, noting that entrepreneurs should make a pro-active contribution to the fight against corruption.
Finally, PM Phuc also underscored the importance of building world-famous brands that can promote Vietnamese products in the world market, adding that businesses need to utilise the spirit of patriotism in order to be sustainable within a global context.