Ho Chi Minh City’s authorities and businesses operating in the southern metropolis have stepped up strategic orientations and concrete action programmes to translate Resolution No.68-NQ-TW of the Politburo into practice and create conditions for the private sector to make breakthroughs and become a key growth driver.

The issuance of Resolution No. 68-NQ/TW by the Politburo on the private economic sector's development marked an important shift in Vietnam’s development mindset, identifying the private sector as a key driver of the economy. Experiences from other economies offer useful insights for Vietnam as it pursues this policy direction.

As Vietnam strives to become a developing country with modern industry and upper-middle income by 2030 and a high-income, developed nation by 2045, Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private sector development is expected to provide fresh momentum for growth model renewal.

VOV.VN - The Party Central Committee’s Secretary held a nationwide conference in Hanoi on February 25 to study and implement two of the Politburo’s major resolutions, underscoring the country’s strategic direction in advancing the state sector and promoting cultural development in a new phase of integration and growth.

VOV.VN - Resolution 79 recently issued by the Politburo identifies State-owned enterprises (SOEs) not only as a key pillar of the economy but also as “catalytic capital” that activates and leads investment flows across society.

VOV.VN - Vietnam has sufficient conditions, potential, policy space and confidence to achieve economic growth of 10% or higher in the coming period, according to Nguyen Anh Tuan, deputy head of the Central Policy and Strategy Commission.

VOV.VN - Business confidence among European companies operating in Vietnam rose to its highest level in seven years in the fourth quarter of 2025, signalling a decisive improvement in sentiment despite ongoing global trade tensions, the European Chamber of Commerce in Vietnam (EuroCham) said.

VOV.VN - Vietnam is intensifying efforts to develop its private sector as a central engine of economic growth, as the government pushes forward deep institutional reforms and investment mobilisation to navigate mounting global and domestic challenges.

VOV.VN - To achieve sustainable export growth, Vietnam must boost the role of domestic private enterprises in supply chains to leverage opportunities from multinational corporations and reduce reliance on foreign direct investment (FDI ) businesses.

VOV.VN - Prime Minister Pham Minh Chinh on December 20 urged ministries, local authorities and business associations to create more favourable conditions for the private sector to thrive, stressing its critical role in driving economic growth in the years ahead.