The Prime Minister has called for the creation of a healthy and equitable investment and business environment, with open and enabling institutions and seamless infrastructure, to help the private sector make breakthroughs.

On January 31, Prime Minister Pham Minh Chinh, Head of the National Steering Committee for the implementation of the Politburo’s Resolution No. 68-NQ/TW on private sector development, chaired the fourth meeting of the Steering Committee.

In his opening remarks, the Prime Minister stressed that the Resolution of the 14th National Congress of the Communist Party of Vietnam contains many new points and provisions directly related to the development of the private sector, thereby creating an important additional political foundation to further promote this sector.

He noted that in 2025, Vietnam’s socio-economic development continued to record important and comprehensive results in line with the targets set out by the Resolution of the 13th National Congress. Macroeconomic stability was maintained, inflation was kept under control, growth was promoted, and major economic balances were ensured.

Gross domestic product was estimated at around USD 514 billion, while GDP per capita reached USD 5,026, placing Vietnam among upper-middle-income countries. This forms a solid foundation and a key driving force for sustained socio-economic development, including the continued expansion of the private sector.

According to the Prime Minister, confidence among international friends and partners, as well as among businesses, including foreign direct investment enterprises and domestic private enterprises, has been strengthened, as reflected in figures on direct and indirect investment inflows and various business confidence indicators.

The Prime Minister called on participants to focus on a comprehensive assessment of the implementation of Resolution 68, clearly identifying achievements, shortcomings and lessons learned, while proposing tasks and solutions for the time ahead. Priorities include building a healthy, open and equitable investment and business environment; developing enabling institutions, seamless infrastructure and smart governance; promoting digital transformation, green transition and the optimization of development resources.

According to a report by the Ministry of Finance, in implementing the Politburo’s Resolution 68 and the National Assembly’s Resolution 198, the Government has issued Resolutions 138 and 139, assigning 69 tasks to ministries, sectors and localities. To date, central agencies and local authorities have completed 41 out of 43 tasks scheduled for 2025, achieving a completion rate of over 96 percent.

Notably, the National Assembly has promulgated the Law on Investment, cutting 38 conditional business lines and narrowing the scope of 20 others. Nearly 3,000 administrative procedures related to production and business activities have been reduced or simplified, with total compliance costs estimated to fall by approximately VND 48.6 trillion each year.

After more than nine months of implementation, Resolution 68 has begun to generate positive impacts, reflected in the increase in the number of enterprises and household businesses entering and re-entering the market, the recovery of the stock market, improvements in import and export activities, and the growing contribution of the private sector to the state budget.

By the end of 2025, the country had more than one million operating enterprises. In January 2026 alone, the number of enterprises entering and re-entering the market was estimated at over 54,000, up 62% year on year. Total import-export turnover in 2025 reached USD 930 billion, while state budget revenue from the non-state sector was estimated at VND 497,156 billion.

Following three rounds of simultaneous ground-breaking and inauguration ceremonies in 2025, a total of 564 projects nationwide were launched or completed, with total investment exceeding VND 5.14 quadrillion, of which private investment accounted for nearly 76%.