Private sector contributes about 51% of GDP

With nearly one million enterprises and approximately five million individual business households, the private economic sector plays a crucial role in Vietnam's economy. It currently contributes 51% of GDP, generates over 30% of state budget revenue, and provides employment for more than 40 million people, accounting for 82% of the total workforce.
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Party General Secretary To Lam holds phone talks with U.S. Senators Steve Daines and Bill Hagerty

Party General Secretary To Lam holds phone talks with U.S. Senators Steve Daines and Bill Hagerty

Party General Secretary To Lam on February 18 (local time) held separate phone conversations with U.S. Senators Steve Daines and Bill Hagerty, during which he called for maintaining stable and sustainable economic, trade, and investment ties and urged the U.S. Congress to continue allocating resources to support Vietnam in addressing the consequences of war.