(VOVworld) - Head of the Party Central Committee’s Economic Commission, Nguyen Van Binh, has praised the importance of the private sector’s contribution to economic growth and restructuring.

Head of the Party Central Committee’s Economic Commission, Nguyen Van Binh addressed the forum

He was speaking in the first forum honoring the private sector in national social economic development in Hanoi on Wednesday. He listed major issues to be addressed to fuel private businesses growth:“Our vision to develop the private sector by 2025 and vision by 2035 have to be practical with national needs and current trends. Favorable environment for the private sector must be nurtured to attract private investment and its operation in line with the market economy. Their innovation, technological modernization and human resource development have to be promoted. State management on private sector economy should be renovated and improved.”

At the forum, delegates discussed policies and laws for private business growth in the context of a new generation of free trade deals.