Hanoi: Prime Minister Pham Minh Chinh urged favourable conditions for the private economic sector through open institutions, harmonious infrastructure, smart governance, and equal access to national resources, while chairing a meeting of the Steering Committee for building the private economic development project in Hanoi on April 14.

According to Vietnam News Agency, the Prime Minister emphasized the importance of creating an environment that supports the growth and development of the private sector. He highlighted the need for reforms in institutional frameworks to facilitate easier access to resources and ensure fair competition. The meeting focused on strategies to enhance the effectiveness and efficiency of governance, which are crucial for fostering a robust private sector.

The discussions also included plans for improving infrastructure to support private businesses and ensuring that governance is adaptive and responsive to the needs of the private sector. The Prime Minister’s statements underscore the government’s commitment to strengthening the private sector by removing barriers and creating a level playing field for all entities involved in the national economy.