“Government Leader Emphasizes on Measuring Results in Serving Citizens and Businesses”

On the evening of August 4, Prime Minister Pham Minh Chinh, head of the National Steering Committee for the implementation of Resolution No. 68-NQ/TW of the Politburo on private sector development, chaired the Committee’s first meeting.

A surge in entrepreneurship

At the meeting, the Ministry of Finance, the Committee’s standing agency, reported on the implementation of Resolution 68. The delegates focused on reviewing the implementation of tasks and solutions within the purview of the action plans of the Government, ministries, sectors, and localities; the achievements, existing shortcomings, and their causes.

The Ministry of Finance assessed that the most noticeable impact after three months of the resolution’s issuance was a very positive shift and a significant change in the mindset and awareness of the whole society about private sector development. Many associations and businesses evaluated that Resolution No. 68-NQ/TW has truly inspired the business spirit, making enterprises feel encouraged, accompanied, and listened to. The spirit of entrepreneurship and starting a business has risen, with the number of newly established enterprises and returning businesses higher than ever before, and a strong surge in entrepreneurship.

In particular, June marked a historical milestone as the number of newly established enterprises reached over 24,400, a 60.5% increase compared to the same period in 2024, double the average level in the 2021-2024 period. In July 2025, the country had more than 16,500 newly registered enterprises, bringing the total number of enterprises established in the first seven months to 107,700, an increase of 10.6%. The additional capital of operating enterprises reached over VND2,400 trillion, up more than 186% compared to the same period in 2024.

In July, there were 61,460 newly established business households with registered capital of VND12,400 billion, bringing the total number of business households established in the first seven months to nearly 536,200, up 165% over the same period. The first seven months also recorded more than 66,300 returning enterprises, up nearly 50% over the same period, including nearly 15,000 enterprises returning to operation in July, up more than 78% over the same period.

Unity, consensus, and concerted efforts

Concluding the meeting, Prime Minister Pham Minh Chinh requested a firm commitment to the set goals in the resolutions of the Politburo, the National Assembly, and the Government, suitable to the specific circumstances and conditions, meeting the requirements and demands of enterprises, with the overall goal of making the private sector the most important driving force of the economy.

The Prime Minister directed continuing to raise awareness, change mindset, and take more vigorous and drastic actions to create motivation, inspire, and create a trend and momentum for private sector development in the new context; spread trust among the people, businesses, and international friends.

Ministries and sectors should continue to promote the resolution of institutional bottlenecks; review, amend, supplement, and perfect laws, decrees, and circulars related to taxes, fees and charges, land access, resources and minerals, interest rate support, human resource training, administrative sanctions in competition, science and technology, and digital transformation… to turn the institution into a competitive advantage.

The Government Office should build a roadmap to reduce procedures, time, and costs for implementing administrative procedures; promote decentralization and delegation of power to localities in handling administrative procedures. Localities should supplement and perfect planning to develop new projects, publicly call for investors to access equally, openly, and transparently.

The Prime Minister requested a stronger promotion of the three strategic breakthroughs, with institutions being open and facilitating, reducing compliance costs, and infrastructure being smooth to reduce input costs and create new development space and new value. Train human resources to meet the requirements of business transformation. Have a mechanism to mobilize preferential capital for private enterprises, especially in the development of science and technology, innovation and digital transformation according to Resolution 57 of the Politburo.

The Ministry of Finance should build a group of policies to support small and medium-sized enterprises and business households in terms of taxes and tax procedures, tax connection, and promote the transformation of business households into enterprises, small enterprises into large enterprises, and large enterprises into global and multinational enterprises. The Ministry of Finance is also assigned the task of building a mechanism to support infrastructure (electricity, land rent, fees, and charges).

The Prime Minister also requested the development of criteria to assess the satisfaction of people and enterprises, criteria to measure and reflect the results of serving the people and enterprises. The Ministry of Home Affairs shall guide and propose emulation and rewards on the occasion of the 80th anniversary of National Day and Vietnam Entrepreneurs’ Day (October 13).

Emphasizing that the tasks to be completed by the end of this year are very heavy, the Prime Minister requested that ministries, sectors, and localities raise their sense of responsibility, strengthen supervision, inspection, and urging; what level should be solved at that level. Along with that, it is necessary to promote dialogue and listen to each other’s opinions and participate in building institutions, mechanisms, and policies of enterprises, business households, and people; build a monitoring mechanism, strengthen the supervision of the Vietnam Fatherland Front and socio-political organizations; and build plans to monitor localities.

The Prime Minister assigned the Ministry of Finance to build an implementation plan from now until the end of the year and requested that all levels, sectors, and members of the Steering Committee continue to promote their sense of responsibility, unity, consensus, and concerted efforts, “the whole country is an army, marching towards the goal must be swift and bold, once fought, sure to win, and win must be sure, ensuring both immediate requirements and long-term development.”