#private sector

Recognising the private sector as an important driver of the economy, Quang Ninh City is focusing on creating an open investment environment, a transparent administration. 

PM Phạm Minh Chính called on private enterprises to pioneer in achieving Việt Nam’s two centennial development goals by aligning corporate strategies with national goals, joining patriotic movements through innovative, tech-driven products; and promoting equality, fairness, social progress and welfare to ensure no one is left behind.

The private sector is expected to invest in new, modern, large-scale data centres meeting international and green standards, with a designed capacity accounting for at least 50 per cent of the total national capacity serving the public.

Prime Minister Phạm Minh Chính affirmed that the State must play a facilitative role, while businesses must lead in innovation and execution, with private sector development under the Party’s leadership.

The issuance of Resolution No. 68-NQ/TW by the Central Executive Committee on May 4, 2025, marked a strategic turning point, reaffirming the development of the private sector as a cornerstone for building an independent, self-reliant, and sustainably growing economy. Quang Ninh province has taken bold, proactive steps to translate policy into action, creating a business environment that empowers private enterprises to flourish and contribute meaningfully to socio-economic development.

The National Assembly on Saturday approved a resolution introducing special policies to boost private sector development, including tax breaks, inspection reform, and green loan subsidies.

Recent survey findings suggest that local businesses remain unevenly prepared, with experts urging the government to roll out clearer guidance and stronger support mechanisms.

Deputy PM Nguyễn Chí Dũng called for the swift finalisation of the project, ensuring it aligns with directions from the Politburo, the Party General Secretary, and the Prime Minister.

Professor Vũ Minh Khương of the Lee Kuan Yew School of Public Policy in Singapore, talks about the challenges, opportunities and solutions needed for the private sector to become a driving force for the country’s development.

Prime Minister Phạm Minh Chính urged private enterprises to play a key role in achieving Việt Nam’s 8 per cent growth target for 2025, contributing ideas and solutions to ensure long-term economic resilience.

A conference held in Ha Long city in the northern province of Quang Ninh on April 15 provided a panorama of Vietnam’s private economic sector, and how to turn it into an important driving force of the socialist-oriented market economy.

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.

Vietnam will promote its private economic sector to turn it into an important driving force of the socialist-oriented market economy, contributing to rapid and sustainable socio-economic development and improving the self-reliance of the economy.