Vietnam’s private sector faces regulatory challenges, high land costs, and limited R&D freedom. Experts propose legal reforms to enhance innovation, streamline business operations, and boost double-digit economic growth.

Associate Prof Tran Duc Cuong, Chair of the Vietnam Historical Science Association, said that very small provinces should merge to create a larger province to gain more resources for infrastructure, socio-economic growth, and new development space.

Vietnam is reforming business regulations, improving land and capital access, and fostering technological innovation to strengthen the private sector’s role in national economic development.

Over the decades of DoiMoi, nearly 5.2 million individual business households have emerged and significantly contributed to national development. However, effective measures to protect the sustainability of the economic sector have yet to be created.

The restructuring of Vietnam’s administrative system is designed to create a more agile, transparent, and economically dynamic government structure for the 21st century.

Vietnam’s private sector contributes 50% of GDP, yet struggles to scale. Experts call for a new, results-driven policy implementation model to drive growth.

As Vietnam aims for 8% GDP growth in 2025 and double-digit expansion in the coming years, experts stress that institutional reform is crucial to sustaining long-term economic progress.

Vietnam’s private sector contributes over 50% of GDP, yet legal barriers hinder expansion. Experts urge reforms to unlock business potential.

As export demand may decrease this year, Việt Nam should strengthen domestic business activities and services to drive economic growth, says Mariam Sherman, World Bank director for VN, Cambodia and Laos.

Vietnamese entrepreneurs face mounting regulatory challenges, with complex licensing requirements stifling business growth. Experts call for urgent reforms to improve Vietnam’s investment climate.

Local governments in VN are altering their GRDP growth goals to meet or exceed a target set by the central Government aimed at driving an economic breakthrough this year.

Vietnam is now at a “golden opportunity” to accelerate the development of its AI and semiconductor sectors, positioning itself as a key player in the global production and supply chain for cutting-edge technologies.

Despite economic expansion, Vietnam’s private businesses remain small globally. What challenges do they face?

Vietnam's economy remains strong despite potential US tariffs and global trade tensions, supported by steady FDI inflows, policy stability, and adaptability.

Prime Minister Pham Minh Chinh urges stronger trade and investment cooperation with major partners, including the U.S., China, and Europe, while ensuring balanced trade policies and economic resilience.

A national steering committee for building a private economic development project will be established with Prime Minister Pham Minh Chinh as its head.

The consumer price index (CPI) in the two months increased 3.27% compared to the same period last year. State budget revenue reached 25.4% of the annual estimate, up 25.7%.

Leaders of state-owned enterprises (SOEs), which have proposed numerous solutions and targets to help obtain the targeted GDP growth rate of 8 percent, say they want greater autonomy in their business operations.

In its latest macroeconomic update about Vietnam, Standard Chartered Bank forecasts a rise in inflation in the near term.

Vietnam’s 5.2 million family-run businesses contribute nearly a quarter of GDP and 39 percent of jobs. Yet, they remain largely overlooked by economic policies.