The dialogue was held in person and also connected online to the headquarters of the People’s Committees of provinces and centrally-run cities, with the participation of delegates representing enterprises, business associations, business households, and cooperatives.

In early May 2025, the Party Central Committee approved Resolution No. 68-NQ/TW reaffirming the role of the private sector as one of the most important driving forces of the national economy. Two weeks later, the Party Central Committee hosted a national conference to concretise the implementation of the resolution.

Following the May 18 conference, the Government issued a resolution on action plans and the National Assembly also adopted a resolution on special mechanisms and policies for the private sector. However, businesses, especially small and medium-sized enterprises (SMEs), have still raised questions that need to be addressed.  

According to the Prime Minister, the biggest issue now is to effectively implement the resolutions, in the spirit of “thinking deeply, acting boldly,” with the most efficient approaches, to best mobilise the capacity of nearly 1 million enterprises and 5 million business households.

If each individual and household make a contribution, then the whole society will have great resources to “change the status quo and turn the situation around,” enabling rapid and sustainable national development, he said.

The Prime Minister urged a clear identification of the responsibilities of the State, local authorities, enterprises, and citizens in implementing the Resolutions from the Politburo, National Assembly, and Government on private sector development.

He also called for unity and solidarity to take real, decisive action instead of making excuses or debating whether to proceed.

SMEs have their say

Nguyen Van Than, chairman of the Vietnam Association of Small and Medium Enterprises, noted Resolution 68 marks a major breakthrough in recognising and promoting the private sector’s role in economic development. Just 12 days after its issuance, the Government adopted Resolution 138 on action plans and the National Assembly passed Resolution 198 on special policies, showing their determination to translate the documents into reality.

The crux of the matter now is to institutionalise the resolutions into practical, effective policies to drive real change, he said, adding that his association vows to work closely with relevant ministries and agencies to realise the resolutions.

He proposed that the Government urgently formulate and concretise mechanisms and policies tailored to different enterprise categories, including small, medium, micro enterprises, and especially household businesses.

These policies must be appropriate, feasible, and effective in practice, creating favourable conditions for sustainable development of these enterprise groups, he said.

According to him, the Government should assign specific responsibilities to the Vietnam Association of Small and Medium Enterprises and clearly define the Association's role in cooperating with state agencies, aimed at accelerating the strong and rapid development of the SME community, especially in encouraging and supporting household businesses to transition to formal enterprises.

He voiced strong support for the Prime Minister’s resolve to accelerate the removal of administrative procedure barriers and shift management thinking from control and restriction to development facilitation.

He also proposed that the Government support SMEs in accessing key resources, including land and premises for business and production, preferential finance and credit, application of science and technology, innovation, and digital transformation, and human resource training.

Taking the floor, Mai Kieu Lien, CEO of Vinamilk, stressed that success or failure comes down to people. If everyone fully and faithfully follows the Government’s policies, businesses will thrive, in line with global trends of sustainable, green, and clean growth.

In her opinions, legal compliance is essential, but business ethics matter too. She said, “Even if something is not prohibited by law, if it harms others, businesses should refrain. Truly sustainable companies are those that balance profit with social responsibility.”

The female CEO also likened the economy to a flowing stream in her remarks, saying “if there's a blockage, it stalls. If bottlenecks are cleared, the flow of development resumes strongly.”

Hanoi conference concretises Party resolutions on legal reform, private sector

VOV.VN - A national conference was held in Hanoi on May 18 to thoroughly disseminate and implement two Party resolutions on legal reform and private sector to meet the requirements of national development in the new era.