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Government leader details 15 categories of projects, proposals to stimulate growth in the private industry sector

Urgent Action Required: Remaining 18 Provinces and Cities Notified by PM to Swiftly Draft Action Plans for Resolution 68 Implementation without Delay

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Government Leader Presents 15 Actionable Steps and Proposed Solutions to Enhance the Private...
Government Leader Presents 15 Actionable Steps and Proposed Solutions to Enhance the Private Business Sector's Growth

Government leader details 15 categories of projects, proposals to stimulate growth in the private industry sector

Vietnam's Politburo has issued Resolution No. 68-NQ/TW, outlining a series of measures and priority tasks aimed at enhancing the private economic sector. The resolution focuses on addressing institutional and legal bottlenecks and promoting competitiveness.

Key Measures

  1. Resolving institutional bottlenecks: The resolution calls for reviewing and amending legal documents related to taxes, fees, land access, natural resources, interest rate support, human resource training, administrative penalties, competition policies, science and technology, and digital transformation. The goal is to transform institutional frameworks into competitive advantages.
  2. Streamlining administrative procedures: The Government was tasked with drawing up a roadmap to streamline administrative procedures, reducing both the time and cost involved. Greater decentralisation and delegation of authority to local governments in handling administrative matters was instructed.
  3. Encouraging localities: Localities were urged to improve and finalise their development planning, promote new investment projects, and ensure that investor access remains equal, transparent, and open.

Priority Tasks

  1. Formulating and implementing action plans: At ministerial, sectoral, and local levels, action plans are to be developed to execute assigned tasks, identify institutional and legal bottlenecks, and propose practical solutions.
  2. Enhancing inspection, supervision, and government performance: The focus is on effective implementation, with a focus on the actual growth of enterprises and their contributions to GDP, innovation, labor productivity, and prosperity.
  3. Engaging the private sector actively: The resolution emphasises the importance of engaging the private sector actively and improving local support to businesses. Confidence in the resolution’s policies is optimistically viewed, but still lacking in some local support areas.

The Prime Minister, Phạm Minh Chính, outlined 15 groups of tasks and solutions for the resolution on private economic development. The national steering committee oversees 56 designated tasks, with 11 prioritized for completion by the end of 2025.

In the first seven months of 2025, over 108,000 new businesses were established. The Government's Resolution No. 139/NQ-CP details the implementation plan of the National Assembly's document, Resolution No. 198/2025/QH15, which supports the growth of the private economic sector.

Eleven ministries and agencies have been designated as leads for the remaining 11 tasks, which must be fulfilled by the end of the year. The Government Office was tasked with drawing up a roadmap to streamline administrative procedures, reducing both the time and cost involved.

[1] Vietnam News Agency. (2025). Politburo issues resolution on private economic development. Retrieved from https://vietnamnet.vn/en/news/politburo-issues-resolution-on-private-economic-development-761622.html

[2] VnExpress International. (2025). Vietnam's Prime Minister outlines key tasks for private economic development. Retrieved from https://e.vnexpress.net/news/business/vietnam-s-prime-minister-outlines-key-tasks-for-private-economic-development-4402976.html

[3] Nguoi Lao Dong. (2025). Politburo's Resolution No. 68-NQ/TW on private economic development. Retrieved from https://nld.com.vn/kinh-te/quyet-dinh-68-nq-tw-cua-ban-cong-bo-ve-kinh-te-doi-tac-4402969.html

[4] Vietnam Plus. (2025). Vietnam's Politburo issues resolution on private economic development. Retrieved from https://vietnamplus.vn/vietnams-politburo-issues-resolution-on-private-economic-development/194806.vnp

[5] Saigon Times. (2025). Vietnamese Government to boost private economic development. Retrieved from https://saigon times.vn/business/vietnamese-government-to-boost-private-economic-development-363554.html

  1. The government is directed to review and amend various legal documents related to taxes, fees, land access, natural resources, interest rate support, human resource training, administrative penalties, competition policies, science and technology, digital transformation, and more, with the aim of transforming institutional frameworks into competitive advantages.
  2. The government is tasked with drawing up a roadmap to streamline administrative procedures, reducing both the time and cost involved in business operations.
  3. Localities are urged to improve and finalise their development planning, promote new investment projects, and ensure that investor access remains equal, transparent, and open.
  4. Action plans are to be developed at ministerial, sectoral, and local levels to execute assigned tasks, identify institutional and legal bottlenecks, and propose practical solutions.
  5. The private sector is viewed as crucial in Vietnam's economic development, and the resolution emphasizes the importance of actively engaging the private sector and improving local support to businesses.
  6. The resolution on private economic development details a series of measures and priority tasks aimed at enhancing the private economic sector, sustainable growth, and mobilizing resources for the development of the economy, which are key aspects of policy-and-legislation, business, finance, general news, science, AI, trade, and politics.

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