Prime Minister Pham Minh Chinh has called on the business community to play a pioneering role in achieving Vietnam’s double-digit growth target for 2026–2030.
Chairing a meeting in Hanoi on March 27, the Prime Minister stressed the importance of enterprises in socio-economic development, particularly in driving growth and transitioning the economy towards greater reliance on science and technology, innovation, and digital transformation.
Participants highlighted the need to improve institutions and policies to build a strong domestic business sector, including the development of enterprises capable of competing at regional and global levels.
By the end of 2025, Vietnam is expected to have around 1 million active enterprises, up more than 25% from 2020. The sector contributes about 60% of GDP, employs over 16 million workers, and plays a key role in total trade turnover.
To achieve the growth target, the Prime Minister called for removing bottlenecks related to administrative procedures and compliance costs, with a goal of cutting at least 30% of unnecessary business conditions. He also emphasised shifting from pre-inspection to post-inspection to ensure greater business freedom and equal access to resources.
The Government will promote new growth drivers, including the digital economy, artificial intelligence, data, and strategic technologies, alongside piloting regulatory sandbox mechanisms.
Public investment will be used to catalyse private capital in key sectors such as infrastructure, energy, logistics, semiconductors, and AI, while efforts will also focus on boosting consumption, exports, and digital commerce.
Google translate