Private Economic Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Private Economic Development Bureau is an internal organ of the National Development and Reform Commission. Its main responsibilities are to track, understand, analyze and judge the development of the private economy, and formulate policies to promote private investment. The Bureau is a powerful measure to implement the decision-making and deployment of the Party Central Committee and the State Council. It reflects the consistent adherence to "two unwavering" and "three unchanged", according to the Central Committee. The bureau will play a greater role in the great process ...

In a recent report on problems facing enterprises and the economic outlook for the last half of 2023, the Research Board for Private Economic Development (Board IV) said the wave of lay-offs is likely to continue in the remaining months of this year due to macro difficulties and internal issues of businesses.

Prolonged woes hitting enterprises and labourers causing a continued decline in domestic production have triggered a need for more drastic actions to lift businesses out of difficulties.

The country will likely welcome some 3.5 million foreign travelers this year, well below the target of five million, which was expected to help earn US$4.5 billion in tourism revenue

"The slow reinstatement of pre-pandemic visa policies might disrupt the recovery of enterprises"