Nghị định 68 - Thi đua làm giàu: Cơ hội hay phong trào nhất thời?

Summary

The speaker discusses Vietnam's evolving economic strategies, emphasizing the shift from dependence on foreign aid and state-owned enterprises to a focus on developing the private sector. Highlighting Decree 68, which aims to foster private entrepreneurship, the speaker calls for personal responsibility and initiative in wealth creation. While acknowledging the importance of government support, the speaker stresses that entrepreneurship should stem from personal drive, not from collective campaigns. The ultimate goal is a sustainable, self-reliant economy driven by individuals’ efforts and opportunities in the private sector.

Takeaways

• 😀 The Vietnamese government is launching a new movement encouraging citizens to 'make wealth' through private enterprise, which is linked to the economic development of the country.
• 😀 The speech emphasizes the long history of national campaigns, starting from small plans to movements like 'teaching well, learning well,' and 'soldier competitions.' The speaker connects these to the new 'Thi đua làm giàu' (movement for making wealth).
• 😀 In 1995, President Bill Clinton lifted the embargo on Vietnam, which, alongside China joining the WTO, marked a significant moment in the global integration of Vietnam.
• 😀 The speaker reflects on Vietnam’s economic policies post-1975, with an initial reliance on foreign investments (FDI) and the establishment of state-owned enterprises (SOEs) as key drivers of growth.
• 😀 The speaker highlights the failures of some state-owned enterprises, partly due to corruption, which led to a shift in the government's approach towards prioritizing the private sector and reducing reliance on FDI.
• 😀 The government has acknowledged the importance of a strong private economy, as it is seen as the driving force behind long-term sustainable growth.
• 😀 Policies like Decree 68 have been implemented to encourage private enterprises, aiming to create favorable conditions for individuals and businesses to thrive in the economic landscape.
• 😀 The 'Thi đua làm giàu' campaign encourages each individual to become a 'soldier' in the economic battlefield, where personal wealth creation contributes to national prosperity.
• 😀 The government is actively implementing measures like tax reforms, reducing bureaucratic obstacles, and providing incentives to boost private sector growth and economic development.
• 😀 The speaker warns against viewing wealth creation as merely part of a government-driven campaign. Entrepreneurship must come from personal motivation and ambition, as the journey of starting a business is challenging and requires intrinsic drive.
• 😀 The speaker stresses that while the government offers support through incentives (carrot), there are also responsibilities like transparency and tax compliance (stick). Entrepreneurs must meet these obligations to avoid consequences like restrictions on movement and business operations.

Q & A

What is the new initiative introduced by the Prime Minister in the script?

The Prime Minister has launched a movement focused on encouraging the entire nation to engage in efforts to become wealthy, referred to as the 'movement to make the country rich.'

How does the speaker compare this new movement to previous initiatives?

The speaker compares this new movement to past campaigns, such as 'small plan movements,' 'following Uncle Ho’s five teachings,' and 'good teaching, good learning.' The speaker notes that there have been many similar movements in the past, and humorously refers to a poem about these campaigns.

What is the main difference in this new movement according to the speaker?

This movement is different because it focuses on economic prosperity and individual wealth generation, with each citizen being seen as a soldier on the economic front. The aim is to shift the focus towards personal and private economic growth rather than relying solely on state-led initiatives.

What historical context does the speaker provide for understanding the current economic direction in Vietnam?

The speaker provides a historical overview of Vietnam's economic development after 1975, noting key events like the lifting of the U.S. trade embargo in 1995, Vietnam's accession to the WTO in 2007, and the rise of state-owned economic giants. This sets the stage for understanding the government's shift towards prioritizing private sector growth.

How did Vietnam's economy evolve in the years following the lifting of the U.S. embargo?

Following the lifting of the U.S. trade embargo in 1995, Vietnam began to open up its economy, attracting foreign direct investment (FDI) and international companies. This helped modernize the economy with foreign capital and technology, which led to the growth of various multinational corporations operating in Vietnam.

What was the government's approach to economic development after Vietnam joined the WTO in 2007?

After joining the WTO in 2007, the government, led by Prime Minister Nguyễn Tấn Dũng, emphasized the development of large state-owned enterprises (SOEs) with the aim of using these giants to drive economic growth, inspired by the economic models of countries like South Korea and China.

Why did some of the state-owned enterprises (SOEs) fail, according to the speaker?

The speaker attributes the failure of some SOEs to issues like corruption, which hampered their efficiency. These failures contributed to the government's subsequent focus on anti-corruption efforts and a shift towards prioritizing the private sector.

What change in the government's economic strategy is discussed in the transcript?

The government now recognizes the importance of private enterprise in driving sustainable economic growth. This shift is exemplified by the introduction of Decree 68, which prioritizes the development of the private sector, including small businesses, joint-stock companies, and individuals looking to generate wealth.

What role does Decree 68 play in the new economic movement?

Decree 68 is a key policy that aims to encourage private sector development. It offers incentives for businesses, such as cutting administrative red tape and providing financial support through reduced interest rates, to help stimulate economic growth and wealth creation.

How does the speaker view the relationship between economic growth and taxation?

The speaker highlights that while the government is providing support for economic development, it is also enforcing stricter tax regulations. Businesses and individuals must be transparent and pay taxes based on actual revenue, with penalties for non-compliance, such as restrictions on international travel for those who fail to meet tax obligations.