Resolution No. 68-NQ/TW: Development of Private Economic sector

29May2025

B&Company

B&Company is the first Japanese company specializing in market research and investment consulting in Vietnam since 2008.

In this section “Vietnam Briefing”, young researchers of B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.

This article is written in English and automatic translation is used for other language versions. Please refer to the English version for accurate content. Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher.

Overall Situation of the Private Economic Sector

– > 940,000 enterprises

– > 5 million active household businesses.

– Contribution to:

▪ 50% GDP

▪ 30% state budget revenue

▪ 82% total workforce

Objectives outlined in Resolution No. 68-NQ/TW

Details	By 2030	By 2045
Number of Enterprises	· 2 million active enterprises · average 20 enterprises/ 1,000 people · >= 20 large enterprises participate in global value chains	· 3 million active enterprises
Economic Growth	· Average growth rate of 10–12%/year · 55–58% GDP · 35–40% state budget revenue	· Growing at a strong, and sustainable development · 60% of GDP
Labor	· 84–85% of the total workforce · Labor productivity increases 8.5–9.5%/year	· Achieve high competitiveness regionally and internationally
Technology and Innovation	· Top 3 ASEAN countries · Top 5 in Asia region	· Proactively participate in global production and supply chains

Tasks and Solutions

– Renew thinking, unify awareness and actions, and inspire national confidence and aspiration to develop the private economy.

– Promote improve and enhance the quality of institutions and policies to ensure property rights, freedom of business, and equal competition.

– Facilitate access to resources such as land, capital, and high-quality human resources.

– Encourage innovation, digital transformation, green transition, and sustainable business practices.

– Strengthen linkages among private enterprises, state-owned enterprises, and FDI enterprises.

– Foster the development of medium and large-scale enterprises, as well as private economic groups with regional and global stature.

– Provide substantive and effective support for micro, small enterprises, and household businesses.

– Emphasize and promote social responsibility; encourage and enable entrepreneurs to participate in national governance.

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