Perfecting the socialist-oriented market economic institution in the next 10 years

Based on research and discussion, the Resolution sets out the main contents of perfecting the socialist-oriented market economic institution in the next 10 years as follows:

- Continue to innovate the development and implementation of measures to ensure fair and transparent competition for all types of enterprises; innovate the work of planning, planning and operating economic development according to market mechanisms, and effectively implement social policies.

- Implement a system of appropriate mechanisms and policies, especially financial and monetary mechanisms and policies, to improve growth quality, ensure safe and healthy development of the economy; national financial policies must reasonably mobilize, distribute and effectively use resources for socio-economic development, ensuring fairness in the distribution of benefits.

- Continue to improve tax policies and systems, price management mechanisms, laws on competition and monopoly control in business, consumer protection, policies on income, wages and salaries; actively balance the budget, ensure a reasonable accumulation rate for development investment, and gradually reduce budget deficit.

- Continue to innovate financial mechanisms and policies for State-owned enterprises, especially corporations and general companies; strictly manage foreign loans and debt repayments, keep government debt, public debt and national debt at safe levels; strengthen the budget supervision role of the National Assembly and People's Councils at all levels.

- Monetary policy must be proactive and flexible to promote sustainable growth, control inflation, stabilize currency value, and form a synchronous legal framework for banking activities.

- Complete the legal system and land policies in accordance with the market economy institution, ensure harmony of interests of the State, land users, land use right transferors and investors, create conditions for effective use of land resources for development; overcome land waste and embezzlement.

- Respect the right to freedom of business and equality among economic sectors; strongly innovate and improve the operational efficiency of state-owned enterprises; promote the equitization of state-owned enterprises, build a number of strong, multi-owned economic groups, in which state ownership plays a dominant role... Create favorable conditions for the collective economy to develop in a diverse manner, expand in scale, have reasonable mechanisms and policies to assist economic organizations in cooperating in training and fostering staff, expanding the market, applying technology...

- Encourage the development of various types of enterprises, forms of production and business organization and mixed ownership, especially joint stock enterprises. Perfect the mechanism and policies for private economic development according to planning and legal regulations; promote the development of private economic groups and capital contribution to state economic groups. Attract foreign investment with modern, environmentally friendly technology and strengthen the connection with domestic enterprises...

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