Hanoi, July 23 -- The Government Office has issued the Prime Minister's conclusions at a conference between permanent Cabinet members and the business community to clear bottlenecks and unlock resources for growth.

Firms contribute over 60% of GDP

As of late June, Vietnam had more than one million active enterprises with assets worth over 30 quadrillion VND (1.14 trillion USD), contributing more than 60% of gross domestic product (GDP) and 55% of total state budget revenue. They employ 17.6 million workers, underpin social welfare and sharpen national competitiveness.

However, State-owned enterprises (SOEs) have yet to fully deliver, with modest efficiency, sluggish investment and limited cooperation with private and foreign-invested p...