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.

He also welcomed the “Vietnam Private Sector Panorama” as a platform for dialogue, awareness-raising, and inspiring a wealth-creation movement, emphasising that it must deliver tangible results.

Vietnam's new law allows outsiders to take government leadership roles and earn performance-based pay.

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.