On May 18, Prime Minister Pham Minh Chinh presented a keynote address on the core content of Resolution 68 by the Politburo on the development of the private sector and the plan for its implementation.
The Prime Minister highlighted the significant growth and contributions of the private sector, accounting for approximately 50% of the country’s GDP and employing nearly 1 million businesses across all sectors. He also emphasized the emergence of large conglomerates with regional and global reach.
“Resolution 68 sets ambitious targets for the private sector by 2030 and a vision for 2045, with eight groups of tasks and solutions that embody a spirit of innovation and breakthrough reforms,” said the Prime Minister. He also announced that the Government has directed the Ministry of Home Affairs to prepare for a nationwide movement to encourage people to thrive and contribute to the building and protection of the nation.
Emphasizing the importance of clear distinctions between criminal, administrative, and civil responsibilities, the Prime Minister assured that the Government aims to facilitate private sector access to vital resources such as land, capital, and high-quality human resources.
Towards 2045: A Vision of Rapid, Sustainable, and Proactive Development for Vietnam’s Private Sector
Earlier this month, on behalf of the Politburo, General Secretary To Lam signed Resolution 68-NQ/TW, outlining targets such as reaching 2 million operating businesses, achieving a business density of 20 per 1,000 people, and having at least 20 large enterprises participating in global value chains by 2030.
The resolution also sets goals for growth rates, GDP contribution, employment, and technological advancement, aiming for Vietnam’s private sector to be among the top three in ASEAN and top five in Asia. By 2045, the vision is for Vietnam’s private sector to actively engage in global production and supply chains, with a target of over 3 million operating businesses and a contribution of more than 60% to the country’s GDP.
“Navigating Economic Competition in a Globalized World: Insights for Vietnam’s Prosperity”
On April 8, 2024, Singapore’s Prime Minister delivered a speech to the nation’s parliament that sent shockwaves around the world. In his address, Lawrence Wong told the people of Singapore that the “era of rules-based globalization and free trade is over, and Singapore must take action.” But why does the topic of “globalization” continue to captivate and concern the global community?
The ASEAN-6’s GDP Growth in Q1 2025: Thailand Trails, but Where Does Vietnam Stand in the Region?
As of now, the ASEAN-6 countries, comprising Indonesia, Singapore, Thailand, Malaysia, Vietnam, and the Philippines, have released their Q1 2025 GDP growth figures. But how has the growth ranking of these economies changed?
The Hidden Treasure: Unveiling Vietnam’s Billion-Dollar Asset.
This treasure trove is a veritable goldmine, bringing in billions for Vietnam.
The World’s Second-Largest Economy Hunts for a Surprising Commodity from Vietnam: A Surprising Surge in Exports and 20 Million Tons of Annual Production
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Uncovering the Illicit Trade: Busting Two Syndicates Smuggling Car Parts and Batteries Worth Hundreds of Billions from China
The Thanh Hoa Provincial Economic Police have successfully cracked down on two separate syndicates involved in smuggling car batteries and electric vehicle parts from China.
