Final part: Oriented economic development

Part 6: Starting-up movement promoted

To disseminate the 5^th Resolution of the 12^th Party Congress on "perfecting the socialist-oriented market economy"; on "continuing to restructure, renovate and improve the efficiency of state-owned enterprises"; and on “private economic development has become an important driving force in the socialist-oriented market economy," the Binh Duong correspondent interviewed Mai Hung Dung, Member of the Standing Committee of the Provincial Party Committee, Standing Vice Chairman of the provincial People's Committee about this matter.

- Sir, what is your evaluation of State-owned enterprises’ contribution to the province development through the past time?

- Over the past years, the implementation of the leadership and direction of the provincial Party Committee and the provincial People's Committee, the State-owned enterprises directly under the provincial management have strongly been promoted with the pioneering role and become important tools of the Party and government. The province aims to concretize each step of industrialization and modernization of the province.

With a large scale of operations and multi-industry, in addition to the development of technical infrastructure as the main driving force to promote other professions, state-owned enterprises have also participated in the process of preservation and assurance of major balances of the province with important necessities such as petroleum, foods, pharmaceuticals, construction materials, industrial and domestic water supplying. In the meantime, such enterprises have created leverage to development of high quality services in the area such as education, healthcare, telecommunications, securities, finance, commerce and real estate.

Automatic production line of Minh Long I Co. Ltd. in Thuan An Town

In terms of agriculture, state-owned enterprises, mainly local rubber companies, have assisted farmers with technical improvements and seedlings to improve rubber productivity; at the same time, buying rubber plantations helps farmers avoid being hit by traders in difficult times, contributing to improving the livelihoods and income of farmers and workers in the rubber industry.

The development of State-owned enterprises in recent years has been associated with the renewal, growth and economic restructuring of the province in the right direction. The production and business activities are effective, the cumulative capital is increasing, contributing to the large state budget and contributing to orienting and leading the operation of enterprises of other economic sectors according to their tasks. The objectives and orientations of the province have contributed to ensuring social security, restructuring towards industrialization and modernization, speeding up the process of urbanization in association with the development of the knowledge economy. for the province.

- Please informed the measures for restructuring, reforming and improving of State-owned enterprises in the province.

- In implementation of Resolution No. 12-NQ/TW of the 5th plenum of the Party Central Committee of the 12^th tenure on restructure, renovate and improve the efficiency of State enterprises, the province is to carry out the following tasks and solutions: Referring to the objectives and tasks of socio-economic development of the province to restructure, rationalize, consolidate and strengthen the administration and raise the performance of state-owned corporations under the province; to complete the reorganization and renewal work under the Prime Minister's Decision No. 58/2016/QD-TTg dated December 28, 2016 on criteria for classification of State enterprises, State-owned enterprises and lists State-owned enterprises arrange for the period of 2016-2020.

In addition, the roadmap for capital divestment and equitization has been approved by the Prime Minister, made public and transparent, not to cause negative loss of capital and assets of the State; to intensify the inspection, inspection and supervision of the equitization process. Along with that, select strategic investors have the financial capacity, technology and governance to restructure and develop the business. At the same time, increase investment, improve the capacity of innovation, application of science, technology, technology; transparency of financial information, business, management responsibility of each enterprise; To foster, train and improve the professional qualifications, leadership capacity and political ideology, ethics and lifestyles of managerial officials, to well settle the arrangement and use of cadres; To ensure full legitimate and legitimate interests of laborers. Up to now, state-owned enterprises under the province have been approved by the Prime Minister of the equitization plan and are implementing the next steps as regulated.

- What have private economic sector contributed to the general development of the province, sir?

To implement the Party's policy on developing a multi-sectoral socialist economy, especially since the time when the the Resolution No. 14-NQ / TW (of the 9^th tenure) on continual reforms of the policies and encouraging and facilitating the development of private economy, thanks to the attention of leaders and leaders of the Party committees and authorities, the private sector in Binh Duong has clearly been developed and made increasingly important contribution to the overall development of the province. Specifically, the number of enterprises in the province is rapidly increasing in both quantity and registered capital. By December 31, 2016, the province has 25,671 enterprises, with a total registered capital of 190,676 billion; on average, more than 2,000 registered enterprises are established each year. Of which, the domestic private sector occupies over 86% of the total number of enterprises operating in the area, mainly small and medium enterprises.

The domestic private economic sector is accounted for over 31% of total investment capital, 44% of total production and business capital, over 36% of total fixed assets and 43.97% of total net revenue of enterprises operating in the provincial economy. In addition, the domestic private economic sector has contributed more than 42.5% of total local budget revenue and created jobs for 53.69% of the total labor force in the province.

In terms of industry, the sector is accounted for over 32% of the province's industrial production value, and contributes significantly to the production of key industrial products such as construction materials (99%), foods, synthetic fibers (52%), shoes (57%), and furniture (46%). In terms of services, the private sector accounted for 22.1% of total retail sales and services, accounting for 47% of total logistics turnover over 90% of total volume and over 80% of the total number of passengers transported in the area.

The province has an economic structure in which industry and services are accounted for more than 95% of GRDP in the locality. With the contribution of the private sector as mentioned above, this area has become an important driving force in the process of industrialization, modernization and restructuring of the province.

- Sir, what could be orientation for private economic sector development for the time to come to match the 5^th resolution of the 12^th tenure Central Committee of CPV?

- Observing the content of the Resolution of the 5th Resolution of the Party Central Committee on the development of the private sector, the 12th Legislature has become an important driving force of the socialist-oriented market economy. The development orientation of the province focuses on a number of key tasks, such as: Continue to implement well mechanisms and policies of the Central to develop private economy in both quantity and quality. Improve private sector labor productivity; To narrow the gap in technological level and competitiveness of enterprises of this economic component. To ensure stable and sustainable economic development; To enhance the construction and create a fair, friendly and open business environment so as to create favorable conditions for enterprises to innovate, innovate and develop intellectual property and apply science and technology to production. Business, create many prestigious products, branded in the market.

Implementing transparent and effective policies to support the development of small and medium enterprises, implementing the model of "three houses" associated with start-ups, innovation; Together with that, encourage and create favorable conditions for business households to scale up and transform into business model. To effectively support the individuals and start-up businesses, strive to make Binh Duong become one of the leading localities in start-up activities.

The province will develop a system of specialized industrial clusters, industry linkages, supporting industries ... to create a strong land fund to attract the private sector in line with the provincial planning and orientation. At the same time, to step up the process of linking production and business between the foreign-invested economic sector and the private domestic economic sector. Continuing the synchronous implementation of key tasks of administrative reform, focusing on simplification, cost reduction, time to solve administrative procedures; To enhance the application of information technology and modernization of public administrative services. Develop channels to receive petitions, reports, complaints, complaints and denunciations; At the same time, strengthening the mechanism for effective dialogue between state management agencies and people and enterprises. Regularly renew the contents and methods and strengthen the leadership of the Party committees, authorities and mass organizations in the province to realize and implement the task of developing the private economy.

- Thank you!

Reported by Phuong Le – Translated by Vi Bao