During the meeting on September 26th to implement Resolution 68 on private economic development, the Ministry of Finance highlighted the positive impact of the resolution on market entry and business operations.
Since the resolution’s issuance, an average of over 19,100 new businesses have been established monthly (with June reaching a record of more than 24,000 registrations), marking a nearly 48% increase compared to the first five months of the year.
The average number of businesses entering and re-entering the market has surged to over 31,500 per month, a 27% rise compared to the first five months of 2024.
In the first eight months of 2025, over 209,240 businesses joined or rejoined the market nationwide, 30% higher than those exiting.
Deputy Prime Minister Nguyen Chi Dung chaired the meeting. (Photo: VGP/Thu Sa)
Additionally, newly established business households saw a remarkable 118% growth compared to the same period in 2024.
In the first six months of 2025, nearly 13,700 business households transitioned from lump-sum tax to declaration-based tax, and approximately 1,480 households transformed into businesses; June alone saw 910 such conversions.
Notably, positive production and business outcomes have significantly boosted state budget revenue.
In the first eight months of 2025, state budget revenue from the private sector in industry, commerce, and non-state services reached nearly 296 trillion VND, 120% of the same period in 2024. Revenue from business households and individuals totaled 17.1 trillion VND, 53.4% of the target and 131% of the 2024 figure.
These results contributed to a national state budget revenue of 1.33 million billion VND for the first eight months of 2025, 80.7% of the annual estimate and a 31.8% increase year-on-year.
Post-Resolution 68, over 19,000 new businesses are established monthly. (Illustrative photo: Nguyen Hang)
Despite these achievements, the Ministry of Finance noted that local implementation of the resolution remains slow and falls short of expectations, with grassroots officials lacking the necessary expertise.
During the meeting, leaders from the Ministry of Finance and the Government Office discussed and proposed solutions to further advance the resolution’s implementation.
Concluding the meeting, Deputy Prime Minister Nguyen Chi Dung emphasized the goal of creating an environment and mechanisms to mobilize idle capital from the public into the economy. This will foster a nationwide startup movement and enhance private sector business activities.
“Immediately implement policies to support business households transitioning into businesses. Identify any barriers or hesitations they face. The aim is to create a wave of conversions from business households to formal businesses,” the Deputy Prime Minister urged.
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