Resolution 68-NQ/TW: Realizing the goal of 2 million enterprises by 2030

Currently, the whole country has about 5.2 million business households. If only a part of them boldly convert to the enterprise model, the goal of 2 million enterprises by 2030 is completely feasible.

Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development is one of the key Resolutions issued in recent times. The birth of Resolution No. 68-NQ/TW is considered a breakthrough in thinking and planning economic development policies in the new situation with the goal of creating momentum for the private economy to develop strongly.

Although Resolution No. 68-NQ/TW has only been in effect for a short time, it has created many positive effects and spread.

Sharing with the press, Deputy Minister of Finance Nguyen Duc Tam informed about the initial results, key policies and strategic priorities to promote the private economic sector to become the most important driving force of the national economy.

- Mr. Deputy Minister, Resolution No. 68-NQ/TW of the Politburo is considered a turning point in development thinking. After nearly half a year of implementation, how do you assess the impact of the resolution on the business community?

Deputy Minister Nguyen Duc Tam: Resolution No. 68-NQ/TW sets a huge target for the strong rise of the private economy, striving for Vietnam to have 2 million businesses operating in the economy by 2030, 20 businesses operating per thousand people.

There are at least 20 large enterprises participating in the global value chain. The average growth rate of the private economy is about 10-12% per year. The contribution of the private economy to GDP is about 55-58%; creating jobs for about 84-85% of the total workforce.

By 2045, strive to have at least 3 million businesses operating in the economy; contributing over 60% of GDP. The private economy has high competitiveness in the region and internationally.

To achieve this goal, the Resolution focuses on improving the investment and business environment, simplifying administrative procedures, minimizing compliance costs and increasing support for the private sector to develop strongly, making important contributions to GDP and the economy.

It can be affirmed that the birth of Resolution No. 68-NQ/TW has created a new vitality, aroused the entrepreneurial spirit and strengthened business confidence.

In particular, to achieve the target of 2 million enterprises by 2030, the Ministry of Finance is continuing to proactively coordinate with agencies to perfect institutions and create a favorable, transparent and equal business environment.

Barriers to market entry and compliance costs will be removed through substantial cuts in administrative procedures and reforms in business conditions…

- To achieve the target of 2 million enterprises by 2030, the household business sector is considered an important potential. In your opinion, what is the key factor to encourage them to convert to the enterprise model?

Deputy Minister Nguyen Duc Tam : Currently, the country has about 5.2 million business households, this is an area with great potential to achieve the goal of business development. If only a small part of them boldly convert to the business model, the goal of 2 million businesses is completely feasible.

Activities at the stamping workshop of Xuan Hoa Joint Stock Company, Phu Tho province. (Photo: Tran Viet/VNA)

However, in reality, many business households are still hesitant to convert. In my opinion, there are three main reasons: First, the cost of legal compliance between business households and enterprises is still quite large.

Next, business households do not have a clear understanding of legal regulations on enterprises and are not familiar with managing accounting books, so they are afraid of conversion. Along with that, business households were previously subject to lump-sum taxes, accounting books, invoices, and documents that were much simpler than those of enterprises.

To remove those barriers, Resolution No. 68-NQ/TW has put forward an important policy that from 2026, the lump-sum tax will be abolished, moving towards transparency in household business activities; at the same time, creating incentives to encourage them to convert.

When becoming an enterprise, they will enjoy many preferential and supportive policies such as preferential access to credit, land, training, technology and tax incentives in the spirit of Resolution No. 198/2025/QH15 of the National Assembly on a number of special mechanisms and policies for private economic development.

Currently, the Ministry of Finance has completed the draft Decree guiding Resolution No. 198/2025/QH15, submitted it to the Government for consideration and approval, and expects that after this Decree is issued, policies to support newly established enterprises and support business households to convert to enterprises will have a positive impact on the transformation process of business households.

- Deputy Minister, what specific steps has the Ministry of Finance taken to support business households to confidently convert to enterprises?

Deputy Minister Nguyen Duc Tam: To support business households in converting to enterprises, the Ministry of Finance focuses on two main groups of solutions: perfecting the legal and policy framework; and implementing practical support measures.

In addition, the Ministry of Finance is urgently studying amendments to the Law on Tax Administration and the Law on Personal Income Tax, aiming at a new management model - simple, transparent, easy-to-implement declaration; simplifying books, invoices, and documents, ensuring that business households are not under too much pressure when converting, studying and developing the Law on Individual Business to minimize the gap in management organization and financial accounting regime between business households and enterprises.

Along with that, the Ministry of Finance is submitting to the Government a Decree guiding Resolution No. 198/2025/QH15, with practical support: providing free accounting software, short-term training courses, supporting online business registration, and shortening conversion time.

According to the target, by 2030, the private economy strives to achieve an average growth rate of about 10-12% per year. (Photo; Tran Viet/VNA)

For synchronous implementation, the Ministry of Finance is urgently upgrading technical infrastructure to implement the policy of abolishing lump-sum tax for business households from January 1, 2026; strengthening digital transformation in tax management: Applying electronic invoices generated from cash registers helps to collect correctly and fully; at the same time, reduce time and costs for business households; providing free electronic tax declaration and payment systems, electronic invoice software, accounting software, especially prioritizing support for business households facing difficulties in the early stages; promoting internal digital transformation, improving the quality of public services and tax management capacity, enhancing data connectivity...

In addition, the Ministry of Finance is innovating inspection and supervision in an online direction, based on risk classification, reducing pressure, increasing transparency and creating a more friendly environment for businesses.

- Access to resources is always a big challenge for the private sector, especially small and medium enterprises and innovative enterprises. What solutions does the Ministry of Finance have for this problem?

Deputy Minister Nguyen Duc Tam : The biggest obstacle for the private economy today is access to resources, especially capital, land, technology and high-quality human resources. As an advisory body to the Government on finance and budget; supporting businesses and business households, the Ministry of Finance plans to focus on implementing the following key solutions to support small and medium-sized enterprises and innovative enterprises to improve their access to resources, specifically:

Firstly, focus on reforming tax-fiscal policies to motivate small and medium-sized enterprises and innovative enterprises; propose appropriate incentive mechanisms on corporate income tax for investment income in research and development and innovation activities; exempt and reduce some types of fees and charges in the initial stages for technology start-ups; apply a mechanism for deduction and quick tax refund for enterprises with innovation investment projects.

Forestry seedling production at a private enterprise in the Central region. (Photo: Vu Sinh/VNA)

Second, effectively operate the Small and Medium Enterprise Development Fund, through research and completion of models of non-budgetary state financial funds (credit guarantee funds, Small and Medium Enterprise Development Funds, local development investment funds, etc.) to build an operating model that best suits state management requirements and support needs of private enterprises, especially small and medium enterprises and innovative enterprises;

Third, to increase access to land, the Ministry of Finance will actively coordinate with ministries, branches and localities to review and create conditions for enterprises to lease land, factories and infrastructure that are surplus public assets according to the principles of publicity and transparency; speed up the implementation of Resolution No. 198 to create conditions for small and medium enterprises, innovative enterprises and supporting industrial enterprises to access land funds in industrial parks and clusters.

In addition, the Ministry of Finance proactively promotes support for digital transformation, management training, finance and tax; strengthens coordination with business associations so that businesses understand and promptly take advantage of support policies.

- According to the Deputy Minister, what are the key priorities in the coming period to achieve the business development goals according to Resolution No. 68-NQ/TW?

Deputy Minister Nguyen Duc Tam: I think there are three groups of tasks that need to be focused on in the coming time; that is, the Ministry continues to perfect institutions and policies to support businesses according to the directions of the Politburo in Resolution No. 68-NQ/TW and of the National Assembly in Resolution No. 198 to promptly put policies into practice to improve the investment and business environment, support access to land, production and business premises, support finance, credit and public procurement; support science, technology, innovation, digital transformation and human resource training, support the formation of medium and large enterprises, pioneering enterprises to improve the competitiveness of enterprises.

Next is to continue cutting costs and simplifying administrative procedures to create a favorable, transparent and effective investment and business environment. The Ministry of Finance is focusing on promoting digital transformation in the fields of tax, customs and treasury, moving towards 100% online public services at level 4.

This helps businesses save time and costs, while increasing transparency in the operations of state management agencies.

In addition, focus on removing barriers to entry and operation in the market, substantially cutting administrative procedures, reducing compliance costs, and reforming business conditions. Review and remove obstacles in investment, land, construction, planning, etc. to create a clear, stable, and predictable legal corridor for businesses.

On the other hand, building and spreading trust and entrepreneurial spirit in society. The Ministry of Finance always determines that supporting businesses is not only about issuing policies, but also about accompanying, listening, sharing and promptly removing obstacles, building policies in a creative direction for development.

With a series of synchronous solutions, from institutions, policies to practical implementation, the Ministry of Finance is gradually removing bottlenecks, creating new motivation for businesses, contributing to making the private economic sector the most important driving force of the national economy, a pioneer in developing science and technology, innovation and digital transformation, a pioneer in promoting growth, creating jobs, improving labor productivity, national competitiveness in the new era, the era of striving, prosperity, civilization, and happiness of the nation.

- Thank you, Deputy Minister!. /.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/nghi-quyet-68-nqtw-hien-thuc-hoa-muc-tieu-2-trieu-doanh-nghiep-vao-nam-2030-post1076521.vnp