About 18,000 new enterprises registered per month on average, since the launch of the Politburo’s Resolution 68 on private sector development.

The third meeting of the National Steering Committee for Implementing
the Politburo’s Resolution 68 on the Private Sector Development was held on
December 20 in Hanoi, under the chair of Prime Minister Pham Minh Chinh, who is
also the Head of the Steering Committee.

The Prime Minister was quoted by the Vietnam News Agency as
saying at the meeting that  the private
sector has shown marked progress eight months after the launch of Resolution
68, registering about 18,000 new enterprises monthly and pushing the nationwide
total to nearly 1.1 million.

According to the PM,  the Politburo has recently issued a number of
key resolutions offering strategic direction across sectors, including
Resolution 68, with more pillar resolutions expected soon.

These resolutions, he said, are crucial for turning the 13th
National Party Congress’s resolution into concrete outcomes and generating
fresh momentum for socio-economic development.

The PM directed the committee to conduct a thorough
assessment of Resolution 68-derived results, identifying achievements,
shortcomings and their root causes, while outlining measures to address
deficiencies. He stressed the need to examine emerging developments to propose
practical, effective tasks.

According to him, three rounds of simultaneous
groundbreakings and inaugurations for major national works were launched
nationwide this year, involving 564 projects with a total investment exceeding VND5.14
quadrillion ($197.6 billion). Private capital contributed about 74.6% of the
funding, underscoring the sector’s pivotal role and validating the policy of
leveraging public investment to lead and catalyze private funds, thereby
pooling all social resources for development.

These results, the PM stressed, affirm that the Politburo,
National Assembly, and Government’s resolutions have generated strong momentum,
movements, and trends for private sector growth. Business confidence in the
Party and State has risen, operations have diversified, and private enterprises
are increasingly prepared to pursue larger-scale projects.

The Government leader urged committee members to evaluate
the current state of private sector development, review relevant Party and
State mechanisms, policies and laws, and recommend ways to better involve
enterprises in the policymaking process.

He called for proposals to improve Resolution 68’s
effectiveness, pinpoint immediate tasks for the first quarter of 2026, and
delineate clear responsibilities of Party committees, authorities at all
levels, ministries, agencies, localities, organizations and individuals in
supporting businesses.

At the same time, he encouraged enterprises to take the lead
in innovation and enhance their competitiveness.

VNA-Khanh Van