In the context of Vietnam's intensified reform and international integration, the private sector is increasingly asserting its pivotal role in the economy. However, to truly unleash its potential, a comprehensive strategy is needed to address the existing constraints. In an interview with the Government Online Newspaper, Professor Vu Minh Khuong, a lecturer at the Lee Kuan Yew School of Public Policy (National University of Singapore), shared his insights on the obstacles, opportunities, and directions to enable the private sector to become a driving force for the country's development.