Geleximco Group Chairman Vu Van Tien likened Resolution 68 to a revolutionary breakthrough for the private sector after years of being “handicapped” by institutional, land, and financial barriers, as well as prejudices. – Photo: VGP |
During a conference on the promulgation and implementation of the Politburo’s Resolution 68 on private sector development held on the morning of May 18, Prime Minister Pham Minh Chinh directly engaged in a dialogue and addressed concerns raised by the business community at the Diên Hồng Hall of the National Assembly.
Although not initially on the agenda, the exchange between the head of the government and business representatives took place in the presence of General Secretary Tô Lâm, President Lương Cường, and National Assembly Chairman Trần Thanh Mẫn, along with other top leaders of the Party and State.
“Assign tasks to businesses instead of bidding – there must be measurable outcomes”
Following the presentation of the key contents of the Resolution, Prime Minister Pham Minh Chinh invited the delegates to share their opinions. Businessman Vu Van Tien, Chairman of Geleximco Group, was the first to speak.
Mr. Tien commended the Resolution’s strategic, breakthrough, and revolutionary nature in recognizing the “private sector as the most important driving force of the national economy.” He likened it to “a drought-relieving downpour that the private enterprises have long awaited, as many issues have caused us frustration, a desire to contribute, yet we were unable to do so, often left handicapped.”
To ensure effective implementation, he proposed assigning a specialized agency to oversee the resolution’s enforcement by ministries, sectors, and localities, as well as to receive feedback from the people and businesses.
In response to this suggestion, the Prime Minister stated that related documents such as the Politburo’s Resolution 68, the National Assembly’s Resolution No. 198/2025/QH15, and the Government’s Action Plan have clearly assigned responsibilities to each agency. The process will continue to review, inherit the good points from previous resolutions, and adjust any inconsistencies.
 Prime Minister Pham Minh Chinh directly exchanged and answered some opinions and suggestions of leaders and representatives of the private business community – Photo: VGP |
The Prime Minister emphasized that one of the novel aspects of the Resolution is the introduction of a mechanism to assign tasks and place orders with enterprises, moving away from the previous practice of bidding for all projects. “When we make a promise, we must keep it; when we commit, we must deliver; and when we take action, there must be measurable outcomes”, the Prime Minister asserted, emphasizing that both businesses and government agencies must adhere to this spirit.
A Digital Legal Portal will spare businesses from inquiries and physical visits
Mr. Dang Hong Anh, Chairman of the Vietnam Young Entrepreneurs Association, inquired about the timeline for digitizing legal data to facilitate easier access and lookup by businesses. In response, the Prime Minister shared that he had instructed the Ministry of Justice to establish a Digital Legal Portal to enable businesses to access information, provide feedback, and contribute to institutional perfection in a convenient, cost-effective, and time-saving manner.
Mr. Vuong Quoc Toan, Chairman of Lan Hung Real Estate Group, raised concerns about the challenges faced by small and medium-sized enterprises in accessing land and capital. He suggested that industrial parks should provide infrastructure suitable for small businesses to lease land areas smaller than 1ha, ranging from 1,000 to 5,000 square meters.
The Prime Minister assured that Resolution 68 clearly states: “At least 20ha/zone or 5% of the land fund with infrastructure will be allocated for high-tech enterprises, small and medium-sized enterprises, and innovative start-ups.” Additionally, there will be a diversification of capital sources, with priority given to commercial credit for these enterprise categories. The Government will issue a decree to guide land-related matters specifically, and the State Bank will promulgate a circular to govern capital deployment.
“The policy is very clear on these two matters, and they must be implemented. The delegates can rest assured. The remaining issue is the flexible and stage-appropriate organization of the implementation,” affirmed the Prime Minister.
The head of the government also requested that businesses and entrepreneurs continue to provide feedback in writing to the Government and relevant agencies for thorough consideration and resolution.
Tung Phong
– 12:25 18/05/2025
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