Inspiring business

With the Politburo issuing Resolution No. 68-NQ/TW dated May 4, 2025 on private economic development, which sets out very specific and breakthrough policies for enterprises, the business community is excited because the role of the private economic sector has never been affirmed as strongly as in Resolution No. 68-NQ/TW; when for the first time "the private economy was identified as the most important driving force of the national economy".

Resolution No. 68-NQ/TW has determined that “in the 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, restructuring the economy towards green, circular, sustainable…”. This is a very new, breakthrough guiding viewpoint, the root from which to plan specific, practical, correct, and accurate policies for private enterprises.

Resolution No. 68-NQ/TW sets out both specific and inspiring goals, demonstrating a strategic vision for 2030 and beyond to 2045. The goal of increasing the number of enterprises to 2 million by 2030 (double the current number), along with striving for the private sector to contribute up to 58% of GDP, accounting for 40% of the State budget revenue and creating jobs for 85% of the workforce, has shown the Party's strong confidence in the private economic sector. In particular, setting the goal of having at least 20 large private enterprises participating in the global value chain by 2030 and developing to 3 million enterprises by 2045 clearly demonstrates the aspiration to bring Vietnam's private economy to the open sea, deeply integrating into the regional and global economy.

Resolution No. 68-NQ/TW requires a shift from pre-control to post-control, from the "ask - give" mindset to the service mindset; affirming that enterprises have the right to freely conduct business in all industries that are not prohibited by law, any restrictions, if any, are only imposed for truly necessary reasons and must be clearly stipulated in the law. The Resolution also sets out specific policies to support enterprises in accessing land, capital, high-quality human resources, encouraging digital transformation, innovation, sustainable development and connecting to global value chains. In particular, the small and medium-sized enterprises and business households - which are the largest force - are also designed with separate support mechanisms, from tax exemption to providing free digital platforms and legal advice...

KHAI ANH

Source: https://baobinhduong.vn/truyen-cam-hung-cho-doanh-nghiep-a346642.html