Tag: private economy

The number of newly established and reactivated businesses and business households has increased significantly following the implementation of the Politburo Resolution 68 on private economic development.

The model aims to elevate the private sector into the country’s most powerful driver of development.

Many stakeholders attending the recent “Breakthrough Solutions for Double-digit Economic Growth in the New Era” seminar, organized by the Vietnam Academy of Social Sciences, believe that if the private sector develops strongly then Vietnam can reach its 8 per cent growth target in 2025 and secure double-digit growth in subsequent years.

Measures including development of institutions that ensure transparency, reduce administrative procedures, and eliminate unnecessary steps that cause inconvenience or bottlenecks for businesses.