Prime Minister Pham Minh Chinh, Head of the National Steering Committee for the implementation of Resolution No. 68-NQ/TW of the Politburo on private economic development, chaired the second meeting of the Steering Committee on November 1 in Hanoi.
After nearly six months of implementation, Resolution 68 has created significant changes in the awareness and actions of levels, sectors, businesses, and people regarding the role of the private economy. The spirit of entrepreneurship and innovation has spread strongly, strengthening the confidence of the business community and society.
Many ministries, sectors, and localities have proactively reviewed and removed legal, tax, credit, land, digital transformation, and human resource development barriers. As a result, the number of newly established and reactivated businesses and business households has increased significantly.
As of October 24, 2025, there are over 1 million private businesses operating nationwide. Since May 2025, an average of over 18,000 new businesses have been established each month – an increase of nearly 43% compared to the average of the first four months of the year. In the first 10 months of 2025, nearly 262,000 businesses registered to establish or return to operation, a year-on-year increase of nearly 30%, with additional capital of over VND5.1 trillion ($193 million) – an increase of nearly 99%.
The number of businesses returning to operation averaged over 12,000 businesses/month, totaling 99,000 businesses in 10 months, a year-on-year increase of nearly 50%. On average, more than 30,000 businesses join or rejoin the market each month, reflecting the new vitality of the private sector.
Concluding the meeting, PM Chinh requested ministries, sectors, and localities to focus intensely on implementing tasks in the last two months of the year; and ensure full financial and human resources for business support programs.
Regarding the proposal for private enterprises to participate in large projects, the PM stated that ministries and sectors have worked actively, while encouraging businesses to participate in developing social housing, strategic infrastructure, science and technology, digital transformation, innovation, energy, education, and healthcare.
The Prime Minister assigned the Ministry of Finance to submit a decree guiding the 2% interest rate support policy for businesses implementing green, circular, and ESG projects; and complete the decree on the development fund for small and medium enterprises in December.
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