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.

VOV.VN - Prime Minister Pham Minh Chinh chaired a Government Conference alongside major private enterprises on September 21 in Hanoi in a bid to remove difficulties, and promote their pioneering role and proactive engagement in large projects as a way of contributing to socio-economic development.

Minister of Public Security Gen. To Lam held an online meeting with a high-ranking delegation of the US-ASEAN Business Council (USABC).

Experts attending a workshop in Hanoi on March 12 suggested creating an equal competition environment and reforming the system of State resources allocation to spur the development of the private economic sector in Vietnam.