Solutions, policies to encourage investment of the private sector in industrial and urban water treatment in Vietnam

Abstract

The private sector is an important driving force of the economy, contributing largely to the country's socio-economic development. In 2016, the domestic private sector accounted for 38.6% of GDP (in this proportion, officially registered enterprises accounted for 8.2%, the household business sector accounted for 30.43%). Meanwhile, the foreign private sector (FDI) contributes 18.95% to GDP [1]. With the important position and role of the private economy, the 12^th National Congress of the Party has clearly grasped that the development of the private economy is "an important driving force of the economy"... In particular, the 5^th  Conference of the 12^th Party Central Committee issued Resolution No. 10-NQ/TW dated June 3^rd, 2017 on developing the private economy to become an important driving force of the socialist oriented market economy. The 13^th Party Congress affirmed, strongly developing the private economic sector in terms of quantity, quality and efficiency. Private economic development is an important driver of the economy” [2]. This is a major policy of the Party, both to promote the further development of the private economy, while promoting the role of this economic sector in socio-economic development, strengthening national security in the new situation.