The Politburo’s Resolution No. 68-NQ/TW on the private economic sector development, issued in May 2025, targets 2 million enterprises by 2030, including at least 20 major corporations participating in global value chains.

More than a year after the Politburo issued Resolution 68-NQ/TW on private sector development, Vietnam has rolled out new policies to remove bottlenecks, expand investment opportunities and unlock resources for businesses.

To achieve breakthrough growth and rise as an economic power, Vietnam needs strong private conglomerates and new business support policies, economist Dr Tran Dinh Thien said.

Resolution No. 68-NQ/TW on private sector development is expected to be implemented in a more consistent and effective manner, particularly at local level, so that businesses can feel sustainable improvements in the investment climate.

The rapid institutionalisation of Resolution No. 68-NQ/TW has reignited the desire to create wealth, encouraged new business formation and positively impacted market entry and business activity.

Experts call for a shift toward empowering leading private conglomerates.

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.