Resolution 68 boosts Vietnam private sector as business registrations jump
VOV.VN - Nearly 120,000 businesses entered or re-entered the market in the first four months of 2026, reflecting growing momentum in Vietnam’s private sector after one year of implementing the Politburo's Resolution 68 on private sector development.
The surge in newly established and resumed businesses came as the government accelerated administrative reforms and cut thousands of business procedures and regulatory requirements.
According to a report by the Ministry of Finance, one of the most notable changes during the first year of implementing Resolution 68 has been the rapid and broad-based reform of administrative procedures.
In 2025, the Prime Minister approved plans to simplify or remove administrative procedures and business conditions under the management of 14 ministries and sectors.
Under the reforms, more than 3,000 administrative procedures related to production and business activities were expected to be abolished or simplified, while over 2,300 business conditions were to be cut.
The measures were projected to save businesses around VND48.6 trillion (US$1.9 billion) in compliance costs annually.
The reform momentum has continued into 2026. By mid-April, ministries and agencies had further streamlined thousands of additional procedures and business conditions, helping reduce both the time and costs associated with administrative processes for enterprises.
The rapid institutional changes have quickly translated into stronger business activity.
In 2025, Vietnam recorded nearly 297,500 newly established and resumed enterprises, up more than 27% compared to the previous year. Additional registered capital from the private sector reached nearly VND6.4 quadrillion, an increase of almost 78%.
The trend has continued this year. In just the first four months of 2026, nearly 120,000 businesses entered or re-entered the market, up nearly 33% year on year.
As of mid-May, Vietnam had more than 1.06 million active businesses nationwide.
Beyond the corporate sector, household businesses have also shown positive developments, supported by ongoing digital transformation in tax administration and management.
Businesses seek stable policies to unlock private sector growth
VOV.VN - More than a year after the Politburo issued Resolution 68 on private sector development, Vietnam’s business community has begun to see positive signals from institutional reforms, capital flows and improvements in the investment environment.
