Private economic development in Hue city, Thua Thien Hue province

CONCLUSION AND RECOMMENDATIONS

1. CONCLUSION

Through the research results above, the author draws some conclusions as follows:

Since 2013, the private economic sector in Hue city has developed in quantity and quality; its position and role have increased, making an important contribution to the socio-economic development of Hue city. Notably, the private economic sector has contributed to the economic growth rate of Hue city, created jobs, contributed to the state budget revenue, etc. and is gradually demonstrating its role and position. The private economic sector is free to do business and is treated more equally with other economic sectors, especially in accessing production factors and types of markets. It is the private economic sector that has diversified the economy of Hue city, meeting the huge capital needs of both consumers and owners. Moreover, with a large scope of operations in many industries, fields and locations, the private economy has been making the most of the resources of each region. In addition, the awareness of business development in the private economic sector has changed towards valuing the role of this sector in the socio-economic development of Hue city, which will lead to positive changes in social psychology and attitudes towards the formation and development of private economic sector enterprises; this is also a factor that encourages the spirit of entrepreneurship, business and social responsibility of private economic enterprises to increase...

However, there are still many barriers and limitations in creating an investment and business environment; in terms of capital, low technology level, high input costs, low labor productivity as well as limited capacity of business owners, difficulty in accessing capital markets, land markets, and many shortcomings in policies and mechanisms have caused difficulties in production and business activities of private enterprises, making it difficult to compete with products of enterprises in other economic sectors.

To promote the development of Hue city's private economic zone in the coming period, it is necessary to have the participation of the Party Committee and authorities at all levels of Hue city, the coordination and support of departments, branches, sectors and organizations to work with enterprises to remove obstacles and difficulties in production and business in order to create more favorable conditions for the private economic zone to develop and develop in accordance with its inherent potential.

The author of the thesis believes that, with the strong integration trend and the rapid development of the private economic sector as it is today, along with the effective resolution of existing problems, "bottlenecks" and barriers in the coming period, the private economic sector in Hue city will continue to develop faster and stronger, making greater contributions to the socio-economic development of Hue city in particular and Thua Thien Hue province in general, truly being "an important driving force" of the economy.

2. PROPOSAL

2.1. For the Central

- The Central Executive Committee issued Resolution 10-NQ/TW, dated June 3, 2017, therefore, the Government needs to soon issue Decrees and Regulations on promulgating a number of specific mechanisms and policies to encourage and facilitate the development of the private economy.

- Further strengthen the supervisory role of central agencies on innovation

mechanisms and policies to encourage and facilitate private economic development.

2.2. For Thua Thien Hue province

- Develop mechanisms and policies to support small and medium-sized enterprises in terms of production and business premises from state-owned housing and land funds. Add tasks to the provincial Socio-Economic Development Fund, and at the same time, entrust operations to the Provincial Investment and Development Fund and Credit Guarantee for Small and Medium Enterprises.

- Issue specific resolutions, decisions and plans, which must orient business activities in conjunction with the implementation of socio-economic development goals and tasks of Thua Thien Hue province.

- Credit guarantee for businesses with feasible projects but not yet implemented

have collateral

REFERENCES

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1. Central Economic Committee (2017), Summary report on 15 years (2002 - 2017) of implementing the Resolution of the 5th Conference of the 9th Party Central Committee on continuing to innovate policy mechanisms, encourage and facilitate the development of the private economy.

2. Provincial Social Insurance, Official Dispatch 345/BHXH-KT-TN, dated April 10, 2018, List of units owing social insurance, health insurance, unemployment insurance for 1 month or more, as of March 31, 2018.

3. Nguyen Thanh Binh (2015), Master's thesis in Political Economy " Private economic development in Bo Trach District, Quang Binh Province".

4. Tran Ngoc But, “ Developing a socialist-oriented private economy”

(2002), National Political Publishing House, Hanoi

5. Vu Hung Cuong (editor) (2011 ), Private economy and its role as a growth driver , Social Sciences Publishing House, Hanoi.

6. Le Anh Dung (2008), Solutions for private economic development in Kim Thanh district, Hai Duong province , Master's thesis, Hanoi University of Agriculture.

7. Communist Party of Vietnam (2006), Documents of the 10th National Congress of Delegates, National Political Publishing House, Hanoi.

8. Communist Party of Vietnam (2011), Socio-economic development strategy 2011 - 2010

in Documents of the 11th National Party Congress, National Political Publishing House, Hanoi.

9. Communist Party of Vietnam (2011), Documents of the 11th National Congress of Delegates, National Political Publishing House, Hanoi.

10. Communist Party of Vietnam (2016), Documents of the 12th National Congress of the Party.

11. Communist Party of Vietnam (2017), Documents of the 5th Conference of the Central Executive Committee (12th tenure).

12. Resolution 10-NQ/TW, dated June 3, 2017 of the Central Executive Committee (term

XII) on developing the private economy into an important driving force of the economy.

socialist-oriented market economy

13. Vietnam Chamber of Commerce and Industry (VCCI), Vietnam Enterprise Annual Report 2016/2017.

14. National Assembly (2014), “Law No. 68/2014/QH13”, Ministry of Justice Electronic Information Portal.

15. Department of Planning and Investment of Da Nang City, Scientific Report on Environmental Improvement

Investment school to develop private economy in Da Nang city, 2004.

16. Hue City Party Committee (2017), Plan on private economic development, promoting startups and innovation in the spirit of Resolution 5 of the Central Committee (term XII).

17. Thua Thien Hue Provincial Party Committee (2015), Documents of the 15th Provincial Party Congress, term 2015 - 2020.

18. Quang Binh Provincial Party Committee (2016), Summary report on 15 years of implementing Resolution 5 of the Central Committee (9th tenure) on continuing to innovate policy mechanisms, encourage and facilitate private economic development.

19. Quang Nam Provincial Party Committee (2017), Summary report on 15 years of implementing Resolution No. 14-NQ/TW dated March 18, 2002 of the 5th Central Conference, 9th tenure on continuing to innovate mechanisms and policies, encouraging and facilitating the development of the private economy.

20. Thua Thien Hue Provincial Party Committee (2018), Report on the first year of implementing the resolutions of the 5th Conference of the Central Executive Committee of the Party (term XII).

21. Vo Xuan Tien (2005), "Promoting private economic development in the process of integration into the world economy", Journal of Science and Technology.

22. People's Committee of Thua Thien Hue province, Project on private economic development, promoting innovative startups in Thua Thien Hue province to 2020, vision to 2025.

23. Central Party Office (2018), Special Information No. 30-

TTCĐ/VPTW, May 29, 2018.

24. Website: http://www.huecity.gov.vn

APPENDIX

INVESTIGATION FORM

INFORMATION ABOUT ORGANIZATIONS AND INDIVIDUALS IN THE PRIVATE ECONOMIC SECTOR IN HUE CITY

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Dear Sir/Madam!

My name is Dang Hong Son, I am currently doing research on my thesis topic.

Master: "Private economic development in Hue city, Thua Thien Hue province" .

I would like to request your assistance in completing this questionnaire. Your attention and the accuracy of the information you provide are of great importance to the successful defense of my dissertation. All information provided by you will be kept confidential and used for research purposes only.

Please mark Check the box corresponding to your thoughts and assessments of the level of the criteria given in the questionnaire below:

Thank you very much!

1. Name of organization, individual : ……………………………………………………………………………………

Maybe you are interested!

- Transaction name (if any):………………………………..…………………………

- Year of starting production and business:

- Address: …………...........................................................................................................

2. Information about the owner of the investigation facility:

+ Full name:………………………………....……..Year of birth:

+ Gender: Male Female

+ Training level and expertise: (mark x in the box)

1. University and post-graduate level:

2. College and intermediate level:

3. No training:

4. Understand Business Law: Yes: No:

3. Type: (mark x in the appropriate box)

+ Private enterprise:……………………………………

+ Limited Liability Company:…………………………….

+ Joint Stock Company……………………………………………

4. Production and business industry

Industry name:……………………………………….…………………………. Type: (mark x in the appropriate box)

+ Industry, Construction:……….………………………………

+ Trade, Services:……………….…………………………

+ Agriculture, forestry and fishery:………………………………………….

+ Transportation, warehousing:…..…………………………………

+ Other:…………………………………………………………….

5. Main product consumption market of the unit (mark x)

Provincial market
2	Domestic market
3	Foreign markets

6. According to your unit, the current policies for private economic development of the State are: ( mark x in the appropriate box)

+ Very suitable and open:

+ Suitable and open:

+ Not suitable:

+ Very unsuitable:

7. Have you accessed preferential policies: (tick x in the appropriate box)

+ Reached:

+ Not yet accessed:

8. Which of the following policies have you benefited from (mark x in the appropriate box)?

Tax incentives
b.	Information support
c.	Fast land clearance incentives
d.	Convenient and quick loan procedures
e	Simple and convenient business registration procedures
***	For teeth the most important offer is
a.	Tax incentives
b.	Information support
c.	Fast land clearance incentives
d.	Convenient and quick loan procedures
e	Simple and convenient business registration procedures
f	Other offers

9. What activities has the local government done to support your unit: (Mark x)

in the appropriate box)

+ Disseminate State policies and laws

+ Support training and labor recruitment

+ Quick administrative procedures

+ Other support

a	Production and business capital
b	Production and business premises
c	Outdated machinery and equipment
d	Find product markets
e	Relations with local authorities
f	Private economy has not been treated equally
g	Management staff and workers do not meet the required qualifications.
h	Other difficulties