After merging 34 provinces, Vietnam unveils new leaders in area, population, and average income.

Vietnam launches an ambitious national reform, merging provinces and adopting a streamlined three-tier governance system.

Despite challenges, Vietnam recorded positive econnomic signals during the first five months of 2025 as the Government stays steadfast in the growth target of over 8% this year and double-digit expansion beyond.

Two million Vietnamese business households with an annual revenue of less than VND1 billion will enter a new period from January 1, 2026 when the electronic invoice policy takes effect.

The Organisation for Economic Co-operation and Development (OECD) forecasts Vietnam’s economic growth at 6.2% this year and 6% next year.

Vietnam saw nearly 111,800 newly established and reactivated enterprises in the first five months of 2025, reflecting an 11.3% year-on-year increase, according to the National Statistics Office (NSO).

All major economic indicators in the first five months of 2025 point to a robust and broad-based recovery, aligning with the Vietnamese Government’s ambitious target of 8% annual GDP growth.

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.

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.

From tech-savvy retirees to market vendors, many are struggling to adapt to new tax rules.

The World Bank (WB) has urged Vietnam to take urgent action to adapt to climate change, in addition to its policy recommendations to improve public investment efficiency, strengthen accountability, and enhance the legal framework.

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.

Cumbersome processes and administrative gridlock have blocked USD 235 billion worth of investment projects across Vietnam.

"We’re concerned that overly high incentives for household businesses and small enterprises might discourage them from growing," said Finance Minister Nguyen Van Thang during discussions on the draft Resolution on private sector development.

Development must ultimately bring benefits and happiness to the people. That’s why a delicate balance is needed between state power, freedom, democracy, and social dynamism.

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.

With the right institutional reforms and belief in its people, Vietnam can achieve sustained growth like its Asian peers.

Experts urge constitutional compliance, institutional overhaul to unshackle businesses.

With trillions in projects stalled, institutional reform emerges as Vietnam’s most urgent national task.

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.