Presenting the Government’s proposal, Minister of Public Security Luong Tam Quang said the draft resolution is intended to institutionalise the Party’s policies and provide legal safeguards for officials who carry out innovation, think big, act bold, and pursue the common good without engaging in corruption, wastefulness or misconduct.
A report by the Ministry of Finance on the first year of implementing the resolution highlighted fresh momentum in diversifying capital sources and removing administrative bottlenecks.
Vietnam registered more than 94,800 new enterprises in January-May 2026, with total registered capital of nearly 1.07 quadrillion VND (approximately 41 billion USD), up 42.1% in number and 64.8% in capital year-on-year.
Cao Thanh Dinh, Founder and CEO of ANPz Co., Ltd (All Nippon Partners) in Japan, said that after one year of implementation, Resolution No. 68-NQ/TW of the Politburo on private sector development has sent a positive signal to investors by affirming the private sector as a key driver of sustainable and long-term development.
According to Dr. Bui Thanh Minh, Deputy Director of the Office of the Private Economic Development Research Board under the Prime Minister’s Advisory Council for Administrative Procedure Reform, Resolution 68 has helped foster a stronger entrepreneurial spirit through a series of concrete policy measures.
More than a document reaffirming the leading role of the state economic sector in a new era, the Resolution opens up an unprecedented space of “mutual reinforcement”, in which the sector shifts from an administrative management mindset to one of “development facilitation”, and is expected to serve as a solid pillar enabling the private sector and other economic components to make breakthroughs.
The recent issuance of resolutions to promote the development of the private sector is considered a fresh breeze reenergising businesses in the market.
The Politburo’s Resolution No.68 is expected to be a historic catalyst, helping remove institutional bottlenecks and pave the way for the private sector to thrive and significantly contribute to the country’s economic advancement.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
In their proposals, VinSpeed plans to implement the North-South high-speed railway project in five years while Thaco, seven years.
The Party Committee of the Government was tasked with developing a set of exceptional policies and mechanisms to be submitted to the National Assembly for approval during its ongoing 9th session.
