Ensuring humanism in a developing socialist-oriented market economy
That is the main item on the agenda of the on-going 5th session of the Party Central Committee in Hanoi. VOV would like to give comments on ways to ensure humanism in developing Vietnam’s socialist-oriented market economy.
The 9th National Congress of the Communist Party of Vietnam in 2001 affirmed that Vietnam’s economic model in the transitional period is a multi-sectoral commodity economy operating in accordance with market mechanisms under State management and Party leadership – in other words, a socialist-oriented market economy. Vietnam has fined tune the economy mechanism to bring higher benefit to the people.
Consensus and elaboration of a socialist-oriented market economy
The renewal process has proved the correctness of the Communist Party of Vietnam’s decision to shift to the market economy model. It has helped Vietnam tap internal potentials, attract foreign capital and technology, promote production capacity, develop production forces, and ensure strong annual GDP growth. The social and technical infrastructure has been upgraded. People’s lives have been improved.
Compared to a full market economy, Vietnam’s market economy has remained different from the world due to an imperfect understanding of a socialist-oriented market economy and the need of economic reform for development. It’s time to clarify and reach a consensus on Vietnam’s socialist-oriented market economy.
Economist Vo Tri Thanh said “We’ve talked about the socialist-oriented market economy for years. It’s time to reexamine it, because the world has changed and Vietnam is at a turning point in reform and development. We need to analyze 3 aspects: the rules, the organization, and the operation of a socialist-oriented market economy.”
Ensuring humanism in a socialist-oriented market economy
Secretary General of the Vietnam Economic Science Association Nguyen Quang Thai said the Party and State have insisted on pursuing a socialist-oriented market economy.
“A true market economy complies with market rules, supply and demand, market prices, and competition. The Party Central Committee has set two goals: a modern market economy and international integration. We highlight humanism in Vietnam’s market economy, where rapid sustainable development as reform results benefits every citizen,” said Mr Thai.
Associate Professor Doctor Nguyen Thi Nhu Ha of the Ho Chi Minh National Academy of Politics said “We must resolve issues relating to ownership, business organization, and restructuring. Human resources development is an important factor in scientific and technological research and application to boost productivity. Focus should be put on agriculture to make it a key sector of the national economy.”
Developing a socialist-oriented market economy is the key to building a modern economy and integrating into the global labor chain. It’s the correct way to exploit national resources towards industrialization and modernization.
Related News
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines
The supporting industrial enterprises transform for sustainable development
08:20 | 01/05/2024 Import-Export
Many new regulations aim to drastically remove the IUU "Yellow Card"
15:36 | 24/04/2024 Headlines
Latest News
Exports, FDI remain Vietnam’s bright spots: HSBC
17:16 | 02/05/2024 Headlines
Growth engines rev up in first four months
17:12 | 02/05/2024 Headlines
Vietnam fulfills Chairmanship of Asia Pacific Group at UN for April
19:38 | 01/05/2024 Headlines
Startups gradually mature in international markets
08:22 | 01/05/2024 Headlines
More News
Việt Nam to promote local tourism
13:37 | 30/04/2024 Headlines
April 30 Victory – Glorious milestone in national history
13:34 | 30/04/2024 Headlines
Vietnam secures remarkable economic successes since national reunification
13:31 | 30/04/2024 Headlines
Precious significance of Điện Biên Phủ Victory
16:44 | 29/04/2024 Headlines
Tourism sector surges with over six million visitors in four months
16:40 | 29/04/2024 Headlines
Removing the yellow card, seafood businesses commit to "say no to IUU"
07:51 | 29/04/2024 Headlines
Vietnam ranks third in Southeast Asia in startup investment attraction
14:57 | 28/04/2024 Headlines
All-out efforts needed to get IUU yellow card removed: Minister
14:55 | 28/04/2024 Headlines
Vietnam expected to become e-commerce powerhouse in Southeast Asia
19:49 | 27/04/2024 Headlines
Your care
Exports, FDI remain Vietnam’s bright spots: HSBC
17:16 | 02/05/2024 Headlines
Growth engines rev up in first four months
17:12 | 02/05/2024 Headlines
Vietnam fulfills Chairmanship of Asia Pacific Group at UN for April
19:38 | 01/05/2024 Headlines
Startups gradually mature in international markets
08:22 | 01/05/2024 Headlines
Việt Nam to promote local tourism
13:37 | 30/04/2024 Headlines