Continue Implementing Three Strategic Breakthroughs of the Economy

Effectively implementing the three strategic breakthroughs is one of the six key tasks during the term of the XII Congress that the Party and our State focus on leading and directing. Recently, in Resolution 05-NQ/TW issued on November 1, 2016, in light of the reality that the set objectives have not been achieved, the three strategic breakthroughs were mentioned and are the policy and direction that the Communist Party and the State continue to pursue.

With the achievements and limitations, weaknesses in the implementation of the three strategic breakthroughs over the past time, it shows that to achieve the socio-economic development goals in the next 5 years, during the term of the 12th Congress of the Communist Party, efforts must be focused on effectively implementing the following:

(1) Complete the socialist-oriented market economy institution.

Perfect the synchronous and modern market economy institution, first of all, continue to refine the institution regarding ownership, develop economic sectors, and types of enterprises associated with related legal policies.

Focus areas include:

- Complete the institution on equitization, valuation of state-owned enterprises; institution on assets and property rights (including ownership, use, and disposal rights); institution on production factors market to ensure the market plays a primary role in mobilizing and efficiently allocating resources; allocate resources according to market principles in industries, sectors, and regions with high efficiency and pervasive impact. Overcome the subsidized thinking, begging-giving mentality, reliance of sectors, levels, and localities in society.- Develop the financial market more balanced between monetary market and capital market; between stock capital market and bond capital market; between government bonds and corporate bonds; between credit services and non-credit banking services; pay attention to developing venture capital market and consumer credit.- Perfect the institution for managing public investment to ensure efficiency and compliance with international practices, prioritizing innovating the method of appraisal, evaluation, and selection of investment projects based on the estimated economic efficiency of the project. Policy to vigorously attract social resources for investment in production and business development. Promote administrative procedure reform, improve business environment quality, create confidence for businesses, people, overseas Vietnamese to invest in production and business development capital.- Encourage and facilitate, support startups, innovation, and enterprise development. Attract selective foreign investment projects, enhance connections and exploit the pervasive impacts with domestic economic sectors.- Perfect legal policies in all fields such as land, labor, environment, etc.- Research and build superlative institutions for localities, economic driving regions, special administrative-economic zones to effectively perform the leading role, promoting socio-economic development.

(2) Continue to develop synchronous and modern socio-economic infrastructure.

Ensured infrastructure ensures stable socio-economic development. This is a condition for the allocation of productive forces, promoting the circulation of goods. A synchronized developed infrastructure system will expand the development space, connect economic regions, increasing efficiency due to scale. Over past years, we have mobilized many resources to build infrastructure, contributing significantly to socio-economic development and poverty alleviation across regions of the country.

However, the current infrastructure system still has some inadequacies, is still sporadic, inconsistent, and unified. The increasing economic scale, the more robust urbanization process reveal more inadequacies in our country's infrastructure, especially in the traffic system and urban infrastructure, increasing costs, reducing competitiveness and being a growth bottleneck.

Promote the implementation of investment projects in the form of public-private partnerships, ensuring transparency; with mechanisms for monitoring, managing, and effectively using investment capital for each project. Focus public investment capital and other investment sources to execute some key infrastructure investment projects and in key economic regions of the country. Early implement the construction of some special administrative-economic zones; prioritize the development of some smart cities.

(3) Focus on developing Vietnamese human resources to meet the requirements of the country's development and integration.

It can be said that human resources are the key, the center of all developments. The higher the quality of human resources, the faster and more stable the development speed. Comprehensive and fundamental renewal of education and training following the spirit of Resolutions of Central Conference 8, 11th Session to improve the quality of human resources, meeting the requirements of renewing the growth model. Implement well mechanisms, policies, laws on the development of education - training, science - technology; value higher education, postgraduate, college and vocational training according to regional and international standards. Create fast and clear transformations in developing human resources, especially high-quality human resources for sectors and fields with potential and advantages; improve the capacity and level of state management and enterprise management. Promote private investment in, assign autonomy to public universities, colleges, and vocational schools; encourage businesses to participate in vocational training.

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