By 2030, the private economy will contribute about 55 - 58% of GDP.

DNVN - By 2030, the average growth rate of the private economy will reach about 10 - 12%/year, higher than the growth rate of the economy; contributing about 55 - 58% of GDP.

On behalf of the Politburo , General Secretary To Lam has just signed Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development.

The private economy plays a pivotal role in building an independent, autonomous, self-reliant and self-reliant economy.

In particular, regarding the guiding viewpoint, the Resolution clearly states that in a socialist-oriented market economy, the private economy is the most important driving force of the national economy, the pioneering force promoting growth, creating jobs, improving labor productivity, national competitiveness, industrialization, modernization, and restructuring the economy towards green, circular, and sustainable direction.

Along with the state economy and collective economy, the private economy plays a pivotal role in building an independent, autonomous, self-reliant, and self-reliant economy associated with deep, substantive, and effective international integration, helping the country escape the risk of falling behind and rise up to prosperous development.

Developing a fast, sustainable, effective and high-quality private economy is both a central and urgent task and a long-term strategic one; it needs to be specified in the country's development strategies and policies; in order to promote all potentials and strengths, liberate all productive forces, activate, mobilize and effectively use all resources, especially resources among the people, for socio-economic development, consolidate and strengthen national defense and security, enhance foreign affairs and international integration.

Completely eliminate perceptions, thoughts, concepts, and prejudices about Vietnam's private economy, identifying entrepreneurs as soldiers on the economic front.

Completely eliminate perceptions, thoughts, concepts, and prejudices about Vietnam's private economy; properly assess the important role of the private economy in national development; nurture and encourage the entrepreneurial spirit and innovation of people and businesses, respect businesses and entrepreneurs, and identify entrepreneurs as soldiers on the economic front.

Fully guarantee property ownership rights, freedom of business, equal competition rights, freedom to do business in industries not prohibited by law; create and strengthen trust between the State and the private economic sector.

Protect the legitimate rights and interests of enterprises and entrepreneurs; ensure that the private economy competes equally with other economic sectors in accessing business opportunities and economic resources, especially capital, land, technology, human resources, data and other legitimate resources of the country in accordance with the law.

Create a business environment that is open, transparent, stable, safe, easy to implement, low cost, meets international standards, and ensures regional and global competitiveness. Timely develop and perfect laws, mechanisms, and breakthrough policies to encourage the private economy to develop in priority areas, invest in research and development, apply science and technology, innovate, digital transformation, participate in important, strategic tasks of the country and reach regional and world levels; promote the spirit of creative entrepreneurship, digital transformation, and legal and legitimate enrichment.

Strengthen the leadership role of the Party and the creation role of the State, taking enterprises as the center and subject; focus on training and fostering a team of entrepreneurs with ethics, business culture, courage, intelligence, dynamism, creativity, and striving to rise up; honor, encourage, and develop a strong team of entrepreneurs with patriotism, national pride, aspiration to contribute, respect for the law, and actively fulfill social responsibilities.

Strive to have at least 3 million businesses operating in the economy by 2045; contributing over 60% of GDP

The Resolution sets the target that by 2030, the private economy will be the most important driving force of the national economy; a pioneering force in science and technology development, innovation and digital transformation, contributing to the successful implementation of the goals of Resolution No. 57-NQ/TW, dated December 22, 2024 of the Politburo and other policies and guidelines of the Party.

Strive to have 2 million businesses operating in the economy, 20 businesses operating/1,000 people. Have at least 20 large businesses participating in the global value chain.

The average growth rate of the private economy is about 10 - 12%/year, higher than the growth rate of the economy; contributing about 55 - 58% of GDP, about 35 - 40% of total state budget revenue, creating jobs for about 84 - 85% of the total workforce; labor productivity increases on average about 8.5 - 9.5%/year.

Level, technological capacity, innovation, and digital transformation are among the top 3 countries in ASEAN and the top 5 countries in Asia.

Vision to 2045, Vietnam's private economy will develop rapidly, strongly, sustainably, proactively participate in the global production and supply chain; have high competitiveness in the region and internationally; strive to have at least 3 million enterprises operating in the economy by 2045; contribute about over 60% of GDP.

Government Newspaper

Source: https://doanhnghiepvn.vn/kinh-te/den-2030-kinh-te-tu-nhan-dong-gop-khoang-55-58-gdp/20250505124603449