According to the report presented at the second meeting of the National Steering Committee for the implementation of Resolution 68 on November 1, 2025, since the Resolution’s issuance, an average of over 18,000 new businesses have been established monthly, marking a nearly 43% increase compared to the first four months of the year.
In the first ten months of 2025 alone, nearly 262,000 businesses were newly registered or resumed operations nationwide, a nearly 30% rise compared to the same period in 2024. Of these, approximately 99,000 businesses re-entered the market, up nearly 50% from the previous year. On average, more than 30,000 new businesses joined the market each month.
This growth momentum not only reflects the private sector’s robust recovery but also highlights the ripple effect of policy reforms. The shift from a “request-grant” mindset to a “facilitate-support-serve” approach has significantly improved the business environment. Over 2,900 administrative procedures related to production and business have been streamlined or eliminated, accounting for more than 60% of the total, saving approximately VND 34.2 trillion in compliance costs annually.
Deputy Prime Minister Hồ Đức Phớc speaking – Photo: VGP/Nhật Bắc
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Prime Minister Phạm Minh Chính noted that these initial results demonstrate a clear shift in awareness and action from central to local levels. Ministries and agencies have completed 29 out of 43 tasks for 2025, with many tasks originally slated for 2026 accelerated. The entrepreneurial spirit has spread widely, and confidence in the private sector continues to strengthen.
Alongside the business recovery, total budget revenue for the first nine months of 2025 reached over VND 1.92 quadrillion, a more than 30% increase year-on-year. The private sector alone contributed over VND 338 trillion, up 121%.
The Prime Minister directed that private enterprises be further enabled to participate in major projects, including those in defense, strategic infrastructure, and social housing. The Ministry of Finance was tasked with urgently finalizing the decree guiding the 2% interest rate support policy for businesses implementing green, circular, and ESG-compliant projects, along with the decree on the small and medium-sized enterprise development fund.
The government leader emphasized that the private sector must be recognized as a key driver of the economy. Regulatory bodies must stand alongside businesses, promptly addressing challenges when they take on difficult tasks, avoiding responsibility evasion. “Unity is strength, cooperation is efficiency; working together, sharing benefits, and growing together,” the Prime Minister stated.
– 2:00 PM, November 2, 2025
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