Resolution 68 and related resolutions are creating a new impetus for the private sector. Many businesses report a more favorable business environment, strengthened confidence, and increasingly clear motivation to expand investment.
"This is a great encouragement to feel secure in doing business in the long term."
In 2025, in less than 20 days of processing, Mr. Nguyen Duc Hung, Director of Napoli Coffee Company, was granted an APEC Business Travel Card. With this card, he can travel to 19 APEC (Asia-Pacific Economic Cooperation) member countries without waiting for a visa.
This gives the company more time to seek international cooperation opportunities and expand its trade scale.
“Over the past year, the company's activities have received active support from state management agencies. As a result, the business process has been much smoother,” he commented.
Smooth business operations are also a common response from many businesses. According to the Statistics Department (Ministry of Finance), 75.8% of surveyed businesses believe that production and business activities in the fourth quarter of 2025 were better and more stable than the previous quarter (25.4% were better and 50.4% remained stable).
Many businesses assess their operations as good and stable.
A positive business environment provides a foundation for businesses to supplement capital and expand operations. In 2025, nearly 297,500 businesses nationwide are expected to register new operations or resume activities, a 27.4% increase compared to the previous year. The total registered capital injected into the economy in 2025 is projected to be nearly 6.4 trillion VND, a 77.8% increase compared to 2024.
According to Mr. Dang Van Thanh, Chairman of TTC Group, a key impetus for businesses to register and operate comes from the Politburo's issuance of Resolution 68 and the subsequent National Assembly's approval of Resolution 198 on special mechanisms and policies for the development of the private economy.
“This is a great encouragement for Vietnamese private businesses, which account for over 40% of GDP and make significant contributions to budget revenue and job creation,” he told VietNamNet reporters.
According to TTC Group leaders, since the issuance of Resolution 68, the national spirit and sense of responsibility towards the country among the business community have been affirmed more strongly than ever before. This is a sophisticated policy, demonstrating the strategic vision of the Party and State, issued in the context of a volatile global economy that demands rapid development while ensuring sustainability.
Furthermore, Mr. Thanh believes that the promulgation of Resolution 68 has created a clear legal framework, helping businesses participate more deeply in global value chains and increase their international competitiveness.
Everything is geared towards private businesses.
Sharing the same view, Mr. Pham Minh Thang, General Director of ELCOM Technology - Telecommunications Joint Stock Company, stated that Resolution 68 has affirmed the private sector as the most important driving force of the economy, creating a fundamental change in awareness and mindset, moving towards a more open and equitable business environment.
Thanks to this, ELCOM has gained more confidence and self-assurance to invest long-term, expand its scale, and participate in fair competition, especially in public-private partnership (PPP) projects on digital infrastructure and digital government.
In parallel with Resolution 68 on the private sector, Resolution 57 identifies science and technology, innovation, and digital transformation as the central pillars for economic breakthroughs. This orientation marks a shift in thinking from a growth model heavily reliant on resources and labor to a development model based on knowledge, technology, and innovation, aiming for a sustainable economy with long-term competitiveness.
Resolution 68 and Resolution 57 are two strategic "guiding principles," reflecting the Party's long-term vision and determination in shaping the country's future. They are declarations of a new development mindset, opening up a wave of strong reforms and creating turning points for the business community, especially the technology sector, Mr. Thang said.
The private sector is expected to grow by 10-12% annually, contributing increasingly to GDP and job creation.
According to Dr. Huynh Thanh Dien of Nguyen Tat Thanh University, Resolution 68 sets a target of having 2 million operating businesses in Vietnam by 2030 and 3 million by 2045, including the formation of large private enterprises of regional and international stature. The private sector is expected to grow by 10-12% annually, contributing increasingly to GDP and job creation.
To realize this vision, the Party has identified a comprehensive system of solutions at both the macro and micro levels, aiming to remove institutional bottlenecks, unleash creativity, and enhance the competitiveness of the private business sector.
The determination from Resolution 68 has been institutionalized by Resolution 198 of the National Assembly on some special policies for the development of the private economy. Notable examples include limiting inspections and shifting from pre-inspection to post-inspection; and encouraging household businesses to transform into enterprises. Harassment, corruption, and the dissemination of false or inaccurate information that negatively impacts businesses and entrepreneurs are strictly prohibited.
The State also has mechanisms to facilitate large enterprises in implementing important national projects and key infrastructure projects through PPPs, direct contracting, and limited bidding.
In terms of support, land and public asset policies will expand access for small businesses, startups, and high-tech enterprises; prioritizing reduced land lease fees and increased transparency in the use of public assets.
"Regarding finance and taxation, the focus will be on reducing interest rates, eliminating lump-sum taxes, and waiving fees, while simultaneously promoting the role of the Small and Medium-sized Enterprise Development Fund in financing startups and green investments," the doctor cited as an example.
In particular, policies supporting the formation of medium, large, and pioneering enterprises must be strategic in nature: allowing for limited orders and bidding in the fields of technology, infrastructure, and defense; Simultaneously, the program to develop 1,000 innovative businesses is being implemented, helping Vietnamese businesses elevate their position in the global value chain.
"With many important policy decisions, it can be said that the policy on developing the private economy represents a shift in management thinking from 'strict control' to 'empowerment,' from 'request-and-grant' to 'partnership,' so that businesses truly become the central driving force of the economy," Mr. Dien emphasized.
According to Vietnam Net Newspaper