An official has highlighted improved conditions enabling private enterprises to take on a greater role in major national projects as a central outcome of Resolution No. 68.

Speaking at a group discussion session on April 10, National Assembly Chairman Tran Thanh Man emphasized that fostering more large private conglomerates is essential for Vietnam to achieve double-digit economic growth in 2026 and the years ahead.

A nationwide programme aimed at nurturing a new generation of business leaders capable of driving green transition and digital transformation has been approved, with plans to train 10,000 managing directors for Vietnam’s private sector by 2030.

Deputy Prime Minister Pham Thi Thanh Tra has signed Decision No. 463/QD-TTg issuing a nationwide emulation plan aimed at accelerating private sector development while improving the performance and efficiency of state-owned enterprises (SOEs).

HCMC’s authorities and businesses operating in the southern metropolis have stepped up strategic orientations and concrete action programmes to translate Resolution No.68-NQ-TW into practice.

The Politburo’s Resolution No. 68-NQ/TW marks a shift in Vietnam’s development mindset, recognizing the private sector as a key economic driver, with international experiences offering useful insights for its implementation.

Vietnam’s private sector is stepping into domains once considered off-limits. The question now is whether institutions will move fast enough to match its ambition.

The PM instructed ministries, agencies, and local authorities to sustain their pursuit of the resolution, in line with the 14th National Party Congress’s and the Politburo’s resolutions.

A strategic shift in institutional frameworks is enabling Vietnamese firms to own technology, boost productivity, and assert themselves internationally.

Resolution 68 and its accompanying policies are breathing new life into Vietnam’s private sector. Businesses are reporting a more favorable environment, renewed confidence, and increasing momentum for expansion.

Vietnam’s institutional reforms during the 2021–2025 term have gone beyond legal texts, showing visible impact in construction sites and investment flows across the country.

The twin resolutions are creating fresh incentives for private businesses, yet translating them into real investment requires a predictable, innovation-friendly framework.

Resolution 68-NQ/TW, issued in 2025 by Vietnam’s Politburo, has placed the private sector in its rightful position within the nation’s development structure.

After nearly a decade of delays, legal issues and financial trouble, a $1B private thermal power plant project in Bac Ninh is under close scrutiny.

Prime Minister Pham Minh Chinh chaired the second meeting of the national steering committee for implementing the Politburo’s Resolution No. 68/NQ/TW on the private sector development on November 1.

Vietnam, amid global uncertainty, is determined to boost growth through institutional reform and major investment in infrastructure. These are considered the two core pillars to achieving over 8% growth by 2025 and sustainable development beyond.

Institutional and legal bottlenecks are stalling the development of Vietnam’s private sector, with experts warning that the blurred line between administrative violations and criminal offenses is eroding business confidence.

The rapid evolution of information technology, cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) offers a vast array of opportunities.

Associate Professor, Dr. Tran Dinh Thien says Vietnam’s ability to catch up with the world hinges on private enterprise, not foreign investment.