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Our Party identified consistent policies on developing socialist-oriented market economy and the role of the State in building and developing the market economy of which supply and demand regulation is an objective and necessary issue.
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Over the past 20 years, the Government has twice developed and implemented the Overall Plan to restructure and renovate State enterprises which has resulted in important achievements. However, State enterprises, especially corporations and companies have not yet lived up to expectation.
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To turn the Vietnam into an industrialized and modern country in 2020 as stated by the Resolutions of the 11th Party Congress, new points of view and thinking on science and technology are needed to remove blockage, give priority and power to make science and technology the most important motive force in developing modern production force and to accelerate industrialization and modernization.
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At present in our country, the relations between people’s ownership and the State are not clear. So are the relations between the State with state enterprises. The mechanism of authorization at different levels has become a deep-rooted cause to waste, and ownerless of public asset. State management of public asset in the capacity of people’s ownership, investors, managers and users has not been effective. Management of state enterprises has shown constraints and weaknesses which have caused great losses to economy.
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Since the renovation process started, the Party has shown its consistent point of view: the State economic sector with its key role together with the collective economic sector with collectives as the core have become a foundation of the new economic regime.
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In the regime of people’s ownership of land in Viet Nam at present, the State plays an extremely important role. However, prerequisite conditions and measures to regulate ineffective land use should be created.
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The economic growth model of Viet Nam in recent years has shown weaknesses such as decreasing investment effectiveness, permanent threat of two digit inflation, high import surplus that have put pressure on the economy and the weak and backward infrastructure.
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Since 1945, the world has paid high cost for erroneous and one-sided development models. The financial and economic crisis which started from 2008 has resulted in new important perceptions for the international community. The most profound understanding is the bankruptcy of the type of growth of a development model which most countries in the world have followed for many decades.
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Young people are a big labour force of society and important resources for industrialization and modernization. The 7th Plenum of the Central Committee of the Party (10th Tenure) issued the resolution No 25 dated 25 July, 2008 on “Upholding Party’s leadership over young people in the period of national industrialization and modernization.”
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In addition to strengthening management of land, and planning and developing infrastructure, the model of public-private partnership in developing transport infrastructure is a new way of thinking in economic management of Viet Nam, a breakthrough in building infrastructure, especially in transport and energy infrastructure.