Resolution 68: Boosting private sector confidence

VTV.vn - After one year of implementing Resolution 68, the business environment has clearly improved, the number of businesses has increased significantly, creating further impetus for the development of the private economy.

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One year after the implementation of Resolution No. 68 of the Politburo on the development of the private economy, the investment and business environment in Vietnam has seen many positive changes, contributing to strengthening the confidence of the business community and creating more impetus for the development of the private economic sector.

One of the clearest indicators is the sharp increase in the number of businesses entering the market. According to a report by the Ministry of Finance , in 2025, nearly 297,500 businesses nationwide will register for new establishment or resume operations, an increase of nearly 27.4% compared to the previous year.

The total additional registered capital of the private sector into the economy is estimated at nearly 6.4 million billion VND, an increase of 77.8%. By the end of 2025, there will be approximately 1.02 million operating businesses nationwide.

These figures demonstrate the business community's confidence in the economic outlook and the improving business environment.

The Vietnamese stock market has experienced a strong resurgence. The VN-Index has consistently risen and has reached over 1,900 points.

Import and export activities both increased, and state budget revenue in the first four months of this year reached over 1,114 trillion VND, an increase of 15.2%.

In addition, institutional and administrative procedure reforms have been accelerated. As of April 15th this year, ministries and agencies have implemented simplification plans and proactively reduced 292 administrative procedures, simplified 1,640 business procedures; reducing the time required to complete administrative procedures by 30.9% and compliance costs by 38%.

Resolution 68 aims to drastically reduce unnecessary business conditions. Recently, the government has also been aggressively promoting decentralization and further simplifying administrative procedures. The question is whether these solutions will create momentum for a new wave of investment from the private sector?

Discussing this issue, Mr. Dau Anh Tuan, Deputy Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI), said he had noticed very strong changes in legal and regulatory aspects since Resolution 68 was implemented.

According to Mr. Tuan, the practical effectiveness of these policies needs more time to fully materialize, because many laws enacted in the spirit of Resolution 68 will only take effect from the beginning of 2026 or will officially come into effect from July 1st of this year.

"I believe it will take more time for the policies to take effect. However, it can be affirmed that many barriers, administrative procedures, and business conditions have been significantly reduced, creating a more favorable environment for investment and business activities," Mr. Tuan commented.

Source: https://vtv.vn/nghi-quyet-68-tang-niem-tin-khu-vuc-tu-nhan-100260601094440604.htm