PM calls for more efforts to promote private economic development

by | Feb 1, 2026 | Asia

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By late 2025, the nationwide total of active enterprises surpassing 1 million.

Prime Minister Pham Minh Chinh has called for more efforts
to effectively implement the Politburo’s Resolution 68-NQ/TW on private sector
development and relevant policies to promote the sector as the most important
growth driver.

Chairing the fourth session of the National Steering
Committee for the implementation of the Resolution in Hanoi on January 31, PM
Chinh, who is also Head of the Steering Committee, asked relevant ministries, agencies and localities to foster open
mechanisms and streamlined administrative procedures, deliver synchronous and
seamless infrastructure, cultivate smart workforce and governance, pool all
possible resources for private firms, and tackle difficulties facing them.

Private firms, in turn, were assigned to spearhead sci-tech,
innovation, digital transformation, green transition, and economic
restructuring; workforce training, job creation, social welfare; and institutional
and mechanism building.

Since May 2025, Vietnam has averaged around 18,000 new
enterprise registrations per month, while more than 8,300 others resumed
operations. By late 2025, the nationwide total of active enterprises surpassed
1 million.

VnEconomy-LĂ½ HĂ 

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Written by Albert Pham, News Curator and Blogger

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