(VOVworld) – Deputy Prime Minister Nguyen Xuan Phuc highlighted the role of private businesses as a driving force for economic development at a Thursday conference in Hanoi to review the development of a socialist-oriented market economy. Phuc, a member of the Steering Committee for reviewing theoretical and practical issues during 30 years of the Doi Moi (renewal) process (1986-2016) and head of its Economic Group, praised the involvement of agencies, units and localities and said Vietnam needs to clarify the definition of a socialist-oriented market economy and the role of the state-run economy.