Prime Minister Pham Minh Chinh chairs the meeting with the Private Sector Development Research Group – Photo: VGP
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The Government Office has just issued Notification No. 436/TB-VPCP dated August 22, 2025, conveying the conclusion of Prime Minister Pham Minh Chinh at the meeting with the Private Sector Development Research Group (Group IV).
The Prime Minister highly appreciated the thorough preparation and frank feedback of Group IV, closely reflecting practical realities. He also acknowledged their efforts in preparing reports on administrative procedure reform, participating in policy formulation for the private sector, and establishing dialogue channels between the State and enterprises. The Prime Minister emphasized that Group IV should continue to advise the Government on mobilizing the strength of the entire population and encouraging investment and production to contribute to the country’s development.
One of the key tasks assigned by the Prime Minister is to study the establishment of a Private Sector Development Fund. Group IV, along with Mr. Truong Gia Binh, Mr. Don Lam, and other members, are requested to report to the Prime Minister within August 2025. The Government will accompany and support the operation of the Fund to ensure its effectiveness and alignment with the right direction.
Regarding the program “Panorama of Vietnam’s Private Sector Economy”, the Prime Minister noted that the organization must be practical and have clear objectives, avoiding formalities. He assigned Group IV to coordinate with the Ministry of Finance to concretize the initiative and select appropriate tools and implementation methods.
The Prime Minister also tasked Group IV with seeking and honoring efficient production and business models to spread the spirit of innovation and encourage the business community to learn from them. The honoring process must be fair, transparent, and carefully evaluated, avoiding formalities.
Another important task is to develop a set of indices to evaluate the implementation of Resolution No. 68-NQ/TW and the business environment. The Prime Minister requested the Ministry of Finance to urgently complete the toolkit for measuring and monitoring the progress of Resolution 68, assessing the development of enterprises and households, and reporting by August 2025.
Group IV is assigned to develop an independent set of indices to monitor and determine the business environment’s openness, identify bottlenecks and limitations, and promptly propose solutions. These indices aim to support data-driven government management, promote the transition of households to enterprises, enhance competitiveness, expand scale, and deepen participation in the global value chain.
Emphasizing the need for a new, comprehensive, and synchronous approach to implementing Resolution No. 68-NQ/TW, the Prime Minister linked it to the goal of developing the private sector into a crucial driver of the economy. The State plays a role in institution-building, while enterprises focus on innovation, the application of science and technology, digital transformation, and sustainable green development, contributing to the construction of a socialist-oriented market economy.
– 20:28 22/08/2025
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