2mln businesses by 2030 targeted

Vietnam currently has nearly 900,000 operating businesses, about 14,400 cooperatives, and some 5.1 million business households. The business sector contributes over 60 per cent of GDP and 30 per cent of jobs. The ten-year socio-economic development strategy for 2021-2030 sets a task of developing the private sector, with there to be at least 2 million enterprises by 2030 and the private sector’s contribution to GDP to reach 60-65 per cent.