Prime Minister Pham Minh Chinh has been appointed Head of the National Steering Committee for the implementation of Politburo Resolution No. 68 on private sector development, according to Decision No. 1186, which he signed recently.

Finance Minister proposes reforms to elevate business voices in governance.

Xuan Truong Construction Company has proposed investing in an international airport, two main traffic routes, and nine bridges in the newly merged Ninh Binh Province, using only local funds and private sector capital.

In their proposals, VinSpeed plans to implement the North-South high-speed railway project in five years while Thaco, seven years.

Economists all agree that there are no reliable statistics about the size of the private economic sector and call this a ‘gray area’ in statistical work that needs to be clarified.

If Resolution 68 can be implemented effectively, this could mark a pivotal turning point, the third breakthrough in the history of the private sector's development in Vietnam, according to National Assembly Deputy Phan Duc Hieu.

The newly-issued Resolution No. 68-NQ/TW of the Politburo on the development of the private economic sector has garnered strong support from experts and the business community.

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.

The Government has issued Resolution No. 138/NQ-CP issuing its action plan to implement the Politburo’s Resolution No. 68-NQ/TW, dated May 4, 2025, that aims at fostering the development of the private economic sector.

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.

Vietnamese enterprises call for equal policy support to unleash their full economic potential.

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.

In its development journey, HCM City has consistently played the role of an economic locomotive of the whole nation. However, faced with existing limitations in space, institutions, and population, the city now requires a bold new development vision.

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.

Two key resolutions of the Politburo on legal reform and the private sector development were disseminated at a national conference on May 18, aimed at contributing to fast and sustainable national development in the new era.

According to the resolution, each enterprise, household business, or individual business must not be inspected more than once a year, except in cases where clear signs of violations are found.