VOV.VN - After nearly four decades of pursuing the Doi Moi (Renewal) process, Vietnam’s private economic sector has grown into a key engine of growth, but institutional hurdles, an uneven business environment, and short-term thinking continue to hinder its breakthrough potential.

The newly-issued Resolution No. 68-NQ/TW of the Politburo on the development of the private economic sector has garnered strong support from experts and the business community, being hailed as a potential turning point in Vietnam's economic situation.

Resolution No. 68-NQ/TW issued by the Politburo recently is expected to unlock the potential of the private economic sector in boosting the growth of cultural industries, according to experts.

Innovation and private sector development should have no bounds, aiming to achieve the national goals of prosperity, strength, democracy, equity, and civilised society in this new era, said Prime Minister Pham Minh Chinh.

Prime Minister Pham Minh Chinh stressed the urgent need to concretise and institutionalise the Party’s policies outlined in Resolution No. 68-NQ/TW on developing the private economic sector, while chairing a Government meeting on the matter on May 7.

Party General Secretary To Lam, on behalf of the Politburo, has signed Resolution No. 68-NQ/TW, dated May 4, 2025, on the development of the private economic sector.

Prime Minister Pham Minh Chinh urged favourable conditions for the private economic sector through open institutions, harmonious infrastructure, smart governance, equal access to national resources, while chairing a meeting of the Steering Committee for building the private economic development project in Hanoi on April 14.

Party General Secretary To Lam’s directive not only outlines a strategic vision for the private sector's role in Vietnam's economy but also sets forth critical steps to unlock breakthroughs in the sector.

VOV.VN - The Ministry of Finance (MoF) will draft a new resolution on breakthrough mechanisms and policies for the development of the private economic sector, in an effort to create more favourable conditions for private enterprises to grow and contribute to the national economy.

With significant growth in both the number of visitors and revenue in recent years, Vietnam's tourism sector has increasingly affirmed its important position in the nation's socio-economic development.