The Politburo’s Resolution 68, signed by General Secretary To Lam on May 5, sends a strong commitment from the Party to turn the private economic sector into the most critical driver of the national economy.

Resolution 68 has reignited a national ambition: to transform Vietnam’s private sector into the driving force of the economy. But whether this vision becomes reality depends entirely on how we act.

Experts urge constitutional compliance, institutional overhaul to unshackle businesses.

Experts believe that Resolution 68 introduces breakthrough policies to support the rapid, safe, and healthy development of the private sector while restoring confidence and motivation for private enterprises.

According to National Assembly deputy Phan Duc Hieu, successful implementation of Resolution 68 could mark the third major breakthrough in the history of Vietnam’s private sector development.

Resolution 68 outlines tax reforms to boost transparency and encourage business formalization.

Today, private businesses are not just supporting but actively shaping Vietnam’s cultural infrastructure.

Addressing a national conference in Hanoi on May 18 on the dissemination and implementation of Resolutions 66 and 68, the leader called for joint efforts to drive Vietnam into a new era — one of development, prosperity, and strength.

The private sector has played a vital role in mobilising resources, spurring economic growth, boosting budget revenues, creating jobs, enhancing living standards, and fostering global integration.

Resolution 68 is expected to help dismantle constraints on both the institutional regime and the prevalent mindset, creating a new environment for private enterprises to thrive.