Party members turn to capitalism

Members of the Communist Party of Vietnam (CPV) will be allowed to do business, according to a political report submitted to the party’s 10th national congress which opened here Tuesday April 18.
“Party members, who engage in running private business, must typically obey the law, polices of the state, and strictly obey the party’s Statute, and specific regulations of the CPV Central Committee (CPVCC),” says the report.
Vietnam will “soon issue regulations and guidelines about the issue, which ensure the bringing into play of party members’ business-doing capacity, while maintaining good conduct of party members and the party’s nature,” the report says.
During the eight-day congress, 1,176 delegates, on behalf of 3.1 million party members, are to focus their discussions on reports on some issues about supplement and amendment of the party’s Statute, orientations and missions regarding socio-economic development in the 2006-2010 period, implementation of party resolutions adopted at the 9th congress, and the leadership of the 9th CPVCC.
The 10th party congress is scheduled to adopt the full text of the statute on April 25. On the same day, it will announce the new CPVCC, its Political Bureau, the Secretariat, and the committee’s Commission for Inspection (the 10th tenure).
Now, the private economic sector contributes some 60% of Vietnam’s gross domestic product. Some 38,000 private enterprises were established in 2005, raising the total number of private companies in Vietnam by the end of the year to 200,000, according to the country’s Ministry of Planning and Investment.

 

Category: Legal