PM sets digital, green priorities for private sector

Ministries, agencies, and local authorities must foster open mechanisms and streamlined administrative procedures, deliver synchronous and seamless infrastructure, cultivate smart workforce and governance, pool all possible resources for private firms, and share trials and tribulations faced by them.

PM sets digital, green priorities for private sector -0
At the fourth session of the National Steering Committee for the implementation of the Politburo’s Resolution 68-NQ/TW on private sector development (Photo: VNA)

Prime Minister Pham Minh Chinh called for accelerated digitalisation, greening efforts, resource optimisation, smart governance, and balanced interests among private firms while chairing the fourth session of the National Steering Committee for the implementation of the Politburo’s Resolution 68-NQ/TW on private sector development in Hanoi on January 31.

Ministries, agencies, and local authorities must foster open mechanisms and streamlined administrative procedures, deliver synchronous and seamless infrastructure, cultivate smart workforce and governance, pool all possible resources for private firms, and share trials and tribulations faced by them.

Private firms, in turn, were assigned to spearhead sci-tech, innovation, digital transformation, green transition, and economic restructuring; workforce training, job creation, social welfare; institutional and mechanism building, alongside full compliance with legal regulations; fostering a culture of integrity and humanity in production and trade; and pooling all resources for national development.

Praising the momentum generated since Resolution 68’s launch eight months ago, PM Chinh declared that it has propelled the private sector to its rightful place as the economy’s most critical growth engine while instilling renewed confidence among enterprises, entrepreneurs, and society at large in both the sector and the nation itself.

As Vietnam sets its sights on double-digit growth and a trajectory of rapid yet sustainable development, the private sector must rise to the occasion with matching vigour, playing its pivotal role in building a strong, civilised, prosperous, and happy country that steadily advances toward socialism, he said.

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, especially those concerning the private sector.

Endorsing proposals to entrust major, challenging, and breakthrough tasks to private firms, including the settlement of long-stalled projects to unleash development resources, he assigned specific responsibilities to ministries and agencies. These include a thorough review of legal regulations governing private-sector activities to ensure Party’s guidelines are enshrined in law; amendments to the Law on support for enterprises; upgrades to the monitoring system for Resolution 68 implementation; and revisions to the Law on Handling of Administrative Violations to fully translate the Politburo’s guidelines into enforceable legislation.

PM sets digital, green priorities for private sector -0
PM Pham Minh Chinh speaks at the meeting (Photo: VNA)

The Government leader also requested a review of domestic market development schemes and national trade promotion programmes, with practical and effective orientations and solutions for the next phase; and a a careful examination of the Civil Law and Land Law to propose relevant tasks.

He urged enterprises to support one another, with larger firms assisting smaller ones in integrating into their ecosystems, enabling business households to evolve into small enterprises, small enterprises into medium-sized ones, medium-sized into large, and large enterprises into globally competitive players.

To propel Resolution 68 forward, the Government assigned 69 tasks to ministries, agencies, and local authorities. To date, 41 out of 43 tasks for 2025 have been completed.

Since May 2025, Vietnam has averaged around 18,000 new enterprise registrations per month, while more than 8,300 others resumed operations. By late 2025, the nationwide total of active enterprises surpassed 1 million.

On the stock market, the VN-Index closed near 1,785 points at year-end, with average daily trading value around 29.5 trillion VND (1.14 billion USD); market capitalisation approached 10 quadrillion VND, equivalent to roughly 70% of 2025 GDP.

Total exports-imports reached 930 billion USD in 2025, placing Vietnam among the world’s top 25 trading economies.

Particularly noteworthy, state budget revenue from the non-state sector in 2025 was estimated at over 497 trillion VND, or 134% of the target and 127% higher year-on-year. Revenue from household and individual businesses surged more than 36%, recording the highest growth rate observed throughout the 2021–2025 period.

VNA

Other News

Data-driven land valuation to curb speculation: Experts

Data-driven land valuation to curb speculation: Experts

From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.

Expo to open door for Vietnamese suppliers to enter US market

Expo to open door for Vietnamese suppliers to enter US market

US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.

2026 Banking Sector Digital Transformation to open in Hanoi

2026 Banking Sector Digital Transformation to open in Hanoi

The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Vietnam targets higher-quality FDI under Resolution 10

Vietnam targets higher-quality FDI under Resolution 10

During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.

Financial market reform plan targets high, sustained growth through 2045

Financial market reform plan targets high, sustained growth through 2045

The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.

An Giang aims to become leading maritime economic hub

An Giang aims to become leading maritime economic hub

Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.