VOV.VN - The informal sector has long played a vital role in Vietnam’s economy, but it remains a “gray zone”, difficult to regulate and lacking policy support. Experts believe that with the right measures to promote formalization, it could become a strong driver, enabling the private economy to emerge as a true pillar of national development.

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.

Vietnam will focus on developing its private sector to turn it into an important driving force for the socialist-oriented market economy, contributing to rapid and sustainable socio-economic development and improving the economy's self-reliance.