The program is one of four tasks assigned by the Government aligning with the Politburo’s Resolution 68, which identifies the private sector as a key driver of the national economy.
FTSE Russell announced on October 8 that Vietnam will be upgraded from frontier market to secondary emerging market status in its September 2025 Country Classification Review.
Vietnam has recorded significant progress in recent years, with the rollout of key products and platforms in three strategic areas: AI, 5G networks, and blockchain.
At the August 7 meeting, Prime Minister Pham Minh Chinh urged identification of key measures to ensure flexible and effective responses to evolving challenges, including reciprocal US tariffs, and to achieve the ambitious 8.3–8.5% growth target for 2025.
The Politburo’s Resolution No. 68-NQ/TW on private economic development expected to elevate the private sector into one of the most critical pillars of the economy.
The Government has taken decisive steps to accelerate infrastructure projects, including the construction of more than 1,000 kilometers of new expressways since the beginning of the year.