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.

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.

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.

VOV.VN - Promoting science and technology, innovation, and digital transformation is among the key measures outlined in the Politburo’s Resolution 68 on developing the private economic sector.

Resolution No. 68-NQ/TW, issued by the Politburo on May 4 this year on the development of the private economic sector, ushers in fresh momentum, spurring entrepreneurial spirit and strengthening business confidence, Deputy Minister of Finance Nguyen Duc Tam told the press.

Vietnam recorded 145,000 newly registered enterprises in the first nine months of this year, an increase of 18.9% year on year, according to the National Statistics Office (NSO).

VOV.VN - At the ongoing 80-year national achievement exhibition in Hanoi, private economic sector enterprises present 'Made in Vietnam' high-tech products and demonstrate their production capacity, creativity, and international integration, supported by Resolution 68, which clearly defines the sector’s role in promoting a model of cooperation, innovation, efficiency, and sustainability while aspiring to reach regional and global markets.

The Politburo’s Resolution 68-NQ/TW on the development of the private economic sector is a watershed document that marks a fundamental shift in the perception and mindset towards private enterprises in Vietnam, underscoring their crucial role in driving national growth.

VOV.VN - Vietnam aims to double its registered businesses to 2 million by 2030 under Politburo Resolution 68, a goal economic experts say is within reach, provided reforms continue to clear long-standing institutional and regulatory barriers toward a truly enabling business environment.