Hanoi, March 24 -- Deputy Prime Minister Pham Thi Thanh Tra has signed Decision No. 463/QD-TTg issuing a nationwide emulation plan aimed at accelerating private sector development while improving the performance and efficiency of state-owned enterprises (SOEs).

The initiative aims to translate Party and State policies on public and private sector development into concrete action toward long-term national development goals.

The plan seeks to renew development thinking, mobilise national resources more effectively, and build collective momentum to overcome challenges, creating favourable conditions for enterprises, particularly private ones, to expand rapidly, sustainably, and efficiently. SOEs are tasked with playing a pioneering and gui...