Hanoi, Oct. 4 -- The private sector is expected to be a key driver, contributing to a sustained high growth rate, particularly at two-digit growth rates, and helping Vietnam achieve high-income status by 2045.

The Politburo's Resolution No. 68-NQ/TW on private sector development clearly states that the private sector is a crucial pillar to unleash the full potential of the economy.

In the context of declining traditional economic drivers, removing barriers and creating a favourable environment for this sector is regarded as a key for the country to advance in the new era.

Finding few foundations for economic growth

According to Dr Pham Anh Tuan, Deputy Director of the Institute of Vietnam and World Economy under the Vietnam Academy of...