Prime Minister Nguyen Tan Dung has agreed in principle on the setting up of private economic corporations, as proposed by the Vietnam Young Entrepreneurs Organization (VYEO) during his previous working session with the organization.
The Government Office reported on October 29 that PM Dung has assigned the Ministry of Planning and Investment to coordinate concerned ministries, agencies and the VYEO to work out a model for private economic groups and summit it to the PM for approval.
The PM affirmed that the government will create favourable business, legal, and administrative conditions for enterprises to develop in a sustainable way and build up strong brand names on the global market.
The Ministry of Industry and Trade was requested to work with the VYEO and other agencies to help outstanding businesses promote their brand names globally.