Solutions to Promote Private Investment Capital to Regain Market Confidence

The role of private enterprises has never been talked about as much as recently, especially some breakthrough reforms also acknowledge the importance of the private economic sector in terms of form. The change in perception is extremely important. Never before has the consensus in society when talking about the role of private enterprises been as strong as it is today. The Government's and society's recognition and evaluation of private enterprises, those who enrich society, are addressed in a more fair and equitable manner. The weakness of Vietnamese private enterprises is that they have not fully revealed their capabilities, not whether they are large or small. Because in reality, when integrating, before the market's measurement, before the screening from competition, only then will the true "tigers" appear. Therefore, reforming and reducing procedures from ministries is only the first step. In order for Vietnam's economy to have more locomotive tigers pulling the economy forward, we must innovate more. Completely abolish the distinction between private and public, completely abolish the privileges that only state-owned enterprises have but private enterprises do not have. To recover Vietnam's economy, it is necessary to improve private sector investment and domestic consumption. Internal factors must be addressed to lay the foundation for other areas to recover. The article focuses on basic contents: theory of the private economic sector and private investment, the current situation of private investment capital in Vietnam in the period 2019-2023 and from there, propose solutions to promote push private investment capital in Vietnam in the coming time to regain market confidence.