Resolution 41-NQ/TW: Urging Society to Have a New Perspective on the Vietnamese Entrepreneurial Team

Wed, 25 Oct 2023 14:09:00  |  Print  |  Email   Share:

Resolution 41 sets the stage for the strong development of the business community and entrepreneurs in the coming period. At the same time, it urges society as a whole to have a fresh perspective on the Vietnamese entrepreneurial team.

National Assembly delegate Nguyen Quang Huan, a member of the National Assembly's Committee on Science, Technology, and Environment, and Chairman of the Board of Directors of Halcom Vietnam Joint Stock Company, shared with the business community about Resolution 41-NQ/TW of the Party Central Committee on Building and Developing the Entrepreneurial Team in the New Period.

National Assembly delegate Nguyen Quang Huan, a member of the National Assembly's Committee on Science, Technology, and Environment, and Chairman of the Board of Directors of Halcom Vietnam Joint Stock Company.

-  Resolution 41-NQ/TW affirms that the business community and entrepreneurs are recognized as "one of the core forces" in realizing the leadership vision to transform Vietnam into a developed, high-income nation by 2045. How do you comment on this issue?

Resolution 41 is a continuous development and inheritance of the Party's theory regarding the non-state economic sector. From the 6th Party Congress in 1986 to the 7th Party Congress in 1991, the Party identified that during the transition to socialism, Vietnam needed to develop a diverse economic sector, including the private economic sector.

Central Resolution 10, 12th term, affirmed that the private sector is one of the three important driving forces of the economy. In the Party Congress documents of the 13th term, it continued to emphasize the crucial role of the private sector in the socialist-oriented market economy, considering entrepreneurs as one of the five social classes in Vietnam, including workers, farmers, intellectuals, entrepreneurs, and other laborers. All social classes are equal, provided with favorable conditions, and should closely collaborate for mutual development.

The private sector is a significant driving force, and foreign direct investment (FDI) is increasingly encouraged to develop in line with the 10-year socio-economic development strategy from 2021 to 2030, and the 2045 vision approved by the 13th Party Congress.

However, Resolution 41 marks a new milestone compared to all previous resolutions and guidelines. This time, Resolution 41 outlines both general objectives and specific targets to create the best conditions for the development of entrepreneurs, with two significant milestones being 2030 and 2045.

Resolution 41 shows us that the Party emphasizes the inseparability of economic development and GDP growth from the non-state business sector, including private enterprises.

Currently, the private sector contributes 40% of the GDP, attracts approximately 85% of the workforce, and accounts for 34.1% of income tax, higher than the 27.7% of state-owned enterprises.

When Resolution 41 elevates the status of entrepreneurs, it also signifies the recognition that for the economy to grow rapidly and sustainably, the private economic sector is the most promising frontier to successfully achieve the goals set by the 13th Party Congress: by 2030, Vietnam will be a high-middle-income country, and by 2045, it will become a developed, high-income nation.

Resolution 41 will serve as a catalyst for a series of follow-up activities to institutionalize these goals through legislation, decrees, directives, circulars, and guidance documents for each industry's development.

In particular, Resolution 41 outlines 7 tasks and key solutions, which are very encouraging for the Vietnamese entrepreneurial and business community.

-  Can you provide a more detailed analysis of these 7 tasks and key solutions?

In the 7 tasks and key solutions, I can categorize them into 5 main groups, primarily based on the actors and subjects involved.

The first group primarily focuses on raising awareness among entrepreneurs. In the introduction, Resolution 41 accurately summarizes the current state of awareness among entrepreneurs.

It states that despite having national pride and enthusiasm, there is still a part of the entrepreneurial community that doesn't deeply connect economic development with the nation. This prevents entrepreneurs from harnessing the national potential and inner strength to develop in sync with the spirit of the times.

Our Party has studied and developed a theory for development in the new era, which is the combination of national strength with the spirit of the times. If there's only national strength without the spirit of the times, the internal strength cannot be effectively harnessed.

Similarly, we also need to understand that the development of each business, without being connected to the country's development to "thrive with the times," cannot sustainably develop.

Only when Vietnamese businesses and entrepreneurs grasp this concept can they expand into the region and the world. I believe that the first group of solutions is very accurate and appropriate.

The second group of solutions focuses on removing institutional and legal obstacles. This is the responsibility of state management agencies, ministries, and local authorities. It is necessary to establish a streamlined mechanism and create the best conditions for the development of Vietnamese businesses and entrepreneurs.

In addition to addressing institutional and legal obstacles, the second group of solutions also calls for enhanced supervision and monitoring of regulatory bodies to avoid causing inconvenience to businesses. I find that this group of solutions is strong and specific.

The third group consists of three tasks and solutions, specifically number 3, number 4, and number 5 outlined in Resolution 41/TW, which focus on the entrepreneurs themselves, creating conditions for entrepreneurs to choose their own business professions.

Entrepreneurs can choose their field of work, and the state will prioritize support for the development of that sector. In addition to their profession, the business sector also requires social responsibility from entrepreneurs and businesses.

If entrepreneurs and businesses do not have social responsibility, it means they have no obligations to the community or the state. In other words, not aligning business interests with the common good will limit the utilization of resources.

Therefore, if entrepreneurs and businesses have a good understanding from the first group of solutions, they will perform well in this third group of solutions.

Furthermore, the fifth task in this group of solutions is about cohesion, not allowing entrepreneurs to operate in isolation but promoting unity within the national unity bloc, connecting with each other internally, forming connections between sectors, entrepreneurs with entrepreneurs, and connecting Vietnamese entrepreneurs with foreign entrepreneurs, as well as other segments of society.

The fourth group of solutions is the responsibility, the sixth solution mentioned in Resolution 41, outlining the role of the Vietnam Chamber of Commerce and Industry (VCCI). VCCI is an organization tasked with supporting the business community and entrepreneurs, acting as a bridge between the Party, the State, and entrepreneurs.

In recent years, VCCI has been actively involved in supporting the business community and entrepreneurs; however, Resolution 41 further clarifies the political responsibilities of the Party and the VCCI in supporting the Vietnamese business community.

This is a significant task for VCCI, but it will help VCCI be more determined, focused, and specific in expanding support and assistance to all business communities, encompassing economic activities, cultural exchange, enhancing political awareness, ideology, and international cooperation. VCCI needs concrete measures to implement this resolution.

With the increased responsibility placed on VCCI by Resolution 41, I believe the business community will receive stronger support and create a more significant transformation.

The fifth group of solutions (task seven in the resolution) is to enhance the leadership of the Party and the state's management of the business community and entrepreneurs, emphasizing the principle that "where there are people, there is the Party," and where there are business organizations, the Party should operate directly and more robustly to support the entrepreneurial class and the business community.

-  What proposals or recommendations do you have for Resolution 41 to be implemented in the activities of the Vietnamese business community and enterprises as soon as possible?

First, there is a need to review and amend certain overlapping and intertwined laws, such as the Investment Law, Public Investment Law, Public-Private Partnership Law, Land Law, etc., which create difficulties for businesses in the bidding process and project implementation due to legal complications.

Second, it is essential to enhance awareness among Party organizations, unions, political and social organizations, associations, from the central to local levels, to develop action plans and engage in administrative and professional communication.

Third, the laws need to be codified, and institutionalized, down to each responsible agency. Additionally, there should be a supervisory body for agencies responsible for task execution to ensure that laws are promptly integrated into daily life.

Fourth, it is advisable to choose specific regions to implement Resolution 41. For instance, Ho Chi Minh City is currently implementing Resolution 98/2023/QH15 of the National Assembly, which involves the pilot implementation of certain special development mechanisms and policies for the city. Some aspects related to green economy and the content of Resolution 41/TW can be incorporated into various documents, resolutions, or development plans for the city.

Similarly, Hanoi is in the process of finalizing the draft Capital Law (amendment), which can integrate the entrepreneurial development content outlined in Resolution 41 for immediate institutionalization, linking it with the city's development in the near future.

Thank you very much!


By: Nguyen Viet (Business Forum Magazine)/Translator: LeAnh-Bizic



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