November 07, 2025 | 07:30

Ho Chi Minh City aims for over 1 million private enterprises by 2045

Thanh Thuỷ

Ho Chi Minh City identifies the private sector as an important driving force to promote growth, improve the business environment and contribute to the budget...

Mr. Nguyen Thanh Toan, Deputy Director of Ho Chi Minh City's Department of Finance, reported at a meeting on November 5 that Ho Chi Minh City has set a target of having 750,000 private enterprises operating by 2030.

By 2045, the City aims to have between 1,050,000 and 1,250,000 private enterprises.

The plan outlines eight key task groups and strategic solutions such as renewing thinking, unifying social awareness about the role of the private economy through propaganda and mobilization; strictly handling and publicizing acts of harassment, negativity or false information affecting businesses; Promote institutional reform and improve the business environment;...

The plan also develops solutions to implement the tasks of promoting science and technology, innovation, digital transformation and green transformation.

Vice Chairman of the city People's Committee Nguyen Loc Ha urged city departments, sectors, and localities to quickly develop specific implementation plans for their units and report progress regularly to the Ho Chi Minh City Department of Finance. To ensure effective implementation, city agencies and units will closely coordinate and execute specific tasks.

Attention
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