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Solutions
for goods and services; having mechanisms and policies
In order to attract private investment to promote to create conditions for the private economy to actively
economic growth and development in Viet Nam in the participate in the process of international economic
current period are proposed as follows: integration.
Firstly, improving the quality of public investment Sixthly, encouraging private enterprises to invest in
management institutions; seriously implementing the agriculture and rural areas, especially high-tech agriculture
legal provisions on public investment; expeditiously (integrated in various contents of solution groups).
reviewing and amending the provisions of the Law
on Public Investment that still have problems in the Conclusion
implementation process. Promoting public investment makes an essential
Secondly, strengthening public investment contribution to economic stability and economic growth.
management, focusing on improving the efficiency of The increase in public investment not only increases total
investment preparation; strengthening the review to investment but also attracts investment from the private
ensure that the programs and projects arranged in the sector. In the context that the world and regional economic
medium-term and annual public investment plans are situation continues to be complicated and unpredictable;
implemented in accordance with the provisions of the Law It is extremely necessary to maximize the effectiveness
on Public Investment; strictly managing the use of reserve of investment capital in construction and implementing
capital in the medium-term public investment plan. synchronous solution. Public investment plays an
Thirdly, strengthening the coordination between important role, which is not only a direct determinant of
all levels, sectors and localities in implementation. economic growth, but also an indirect factor contributing
Focusing on monitoring and evaluating the to the building of a progressive society. Reasonable,
implementation of public investment plans and the targeted, and synchronized investment promotes
implementation of specific investment programs and rapid and sustained economic growth, consequently
projects. Strictly observing the regime of reporting increasing people's earnings, enhancing material living
on the implementation of the public investment standards, and enhancing the economy's capability and
plan periodically or irregularly according to the competitiveness.
prescribed reporting regime; in which, it is necessary
to evaluate the implementation results, shortcomings, References:
limitations and propose to competent authorities 1. Communist Party of Viet Nam (2021). Document of the 13 National Congress
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to solve difficulties and problems. Monitoring and of Deputies, t.1, National Political Publishing House of Truth, Ha Noi, 2021,
urging (investors, project management boards, pp.25, 45 and 240.
contractors) to speed up project implementation 2. General Statistics Office (2017-2021). Statistical Yearbook 2021. The Statistical
and disbursement. Timely reporting to competent publishing house.
authorities to resolve difficulties and problems in 3. Government (2019). Decision No. 1362/QD-TTg dated October 11 , 2019 of the
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the implementation of public investment plans and Prime Minister approving the sustainable development plan of private sector
project implementation. Proactively reporting to the enterprises until 2025, with a vision to 2030.
competent authorities to adjust the medium-term and 4. Hieu Cong (2020). The growth of the private economy and the story of the Party's
annual investment plans to promote disbursement to development, http://www.xaydungdang.org.vn , accessed on December 13 , 2020.
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improve investment efficiency. 5. Ministry of Finance (2022). State Budget Public Portal , https://ckns.mof.gov.vn/
Fourthly, developing adequate infrastructure. Rapidly SitePages/home.aspx , accessed on October 13, 2022.
developing a synchronous and modern infrastructure 6. Nguyen Quoc Dien (2021). Private economy - An important "traction" of Viet
system to support production and business and create Nam's economy in the post-COVID-19 era , https://tapchitaichinh.vn, accessed
favorable conditions for the private economy to access July 13, 2021.
and use conveniently and equally with reasonable costs, 7. Thuy Hien (2020). Overview of Vietnamese enterprises in 2020 , https://bnews.
and at the same time ensure openness and transparency. vn/, accessed on April 28 , 2020.
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Fifthly, enhancing access to resources, improving 8. Nguyen Thi Nguyet Nga (2021). Private economic development from the
mechanisms, policies and laws on land, managing natural perspective of administrative procedure reform , https://tapchitaichinh.vn,
resources and the environment, creating favorable accessed July 13 , 2021.
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conditions for the private economy to access land, and 9. Nguyen Thi Mai Phuong (2021). Promoting the development of the private sector
improving infrastructure in a transparent and equal to become an important driving force, https://dangkytinhdoanh.gov.vn.
manner according to the market mechanism for production
and business. Restructuring and developing quickly, Author’s information:
safely and effectively financial markets, especially the PhD. Nguyen Thi Hanh, PhD. Hoang Thi Minh Chau
system of credit institutions and capital markets to create PhD. Dinh Van Chuc
equal and favorable conditions for the private sector to Trade Union University
access capital. Strongly and smoothly developing markets Email: hanhtc9@gmail.com

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