The private economic sector is entering a crucial window of opportunity as development policies become clearer, reform efforts more decisive, and the sector increasingly positioned at the centre of national growth strategies.

The Politburo’s Resolution No. 68-NQ/TW on the private economic sector development, issued in May 2025, targets 2 million enterprises by 2030, including at least 20 major corporations participating in global value chains.

Ho Chi Minh City has set a target of welcoming 11 million international visitors and 50 million domestic tourists in 2026 as the southern economic hub moves towards developing tourism as a comprehensive experiential ecosystem rather than a standalone economic sector.

VOV.VN - Prime Minister Le Minh Hung has urged stronger efforts to turn culture into an internal driver of national development and to position tourism as a key economic sector, as Vietnam seeks new growth momentum in the next phase.

Nearly one year since the issuance of the Politburo’s Resolution No. 68-NQ/TW on private sector development, significant shifts in governance thinking, coupled with the private sector’s proactive adaptation, have generated fresh momentum for the economy.

VOV.VN - As Vietnam seeks to renew its growth model and strengthen competitiveness, the role of the state economic sector is being repositioned toward a narrower scope in areas where the market performs well, while concentrating resources on the national economy’s pillars.

VOV.VN - Prime Minister Pham Minh Chinh, Head of the National Steering Committee for implementing Politburo Resolution No. 79 on the development of the state-owned economic sector, chaired the Committee’s first meeting on February 1 in Hanoi.

VOV.VN - Prime Minister Pham Minh Chinh has called for institutional breakthroughs to unlock the potential of the private economic sector, describing institutional reform as the decisive factor for fast and sustainable growth in the new development period.

After 40 years of renewal, vivid practical evidence has enabled the Party to affirm the private sector as one of the most important driving forces of the national economy and a pioneering force in the development of science, technology and innovation.

Lung Cu commune in Tuyen Quang province has chosen tourism as its leading economic sector, not only capitalising on local strengths but also as a natural path to create jobs, support sustainable poverty reduction, and enhance living standards in Vietnam’s northernmost region.