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| PM Pham Minh Chinh chairs the meeting__Photo: VNA |
The private sector has shown marked progress eight months after the launch of Resolution 68, registering about 18,000 new enterprises monthly and pushing the nationwide total to nearly 1.1 million, Prime Minister Pham Minh Chinh told the third meeting of the National Steering Committee in Hanoi on December 20.
PM Chinh, who is also head of the national steering committee for implementing the Politburo's Resolution 68 on the private sector development, said the Politburo has recently issued a number of key resolutions offering strategic direction across sectors, including Resolution 68, with more pillar resolutions expected soon.
These resolutions, he said, are crucial for turning the 13th National Party Congress’s resolution into concrete outcomes and generating fresh momentum for socio-economic development.
The PM directed the committee to conduct a thorough assessment of Resolution 68-derived results, identifying achievements, shortcomings and their root causes, while outlining measures to address deficiencies. He stressed the need to examine emerging developments to propose practical, effective tasks.
According to him, three rounds of simultaneous groundbreakings and inaugurations for major national works were launched nationwide this year, involving 564 projects with a total investment exceeding VND 5.14 quadrillion (USD 197.6 billion). Private capital contributed about 74.6 percent of the funding, underscoring the sector’s pivotal role and validating the policy of leveraging public investment to lead and catalyze private private funds, thereby pooling all social resources for development.
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| Overview of the meeting__Photo: VNA |
These results, he stressed, affirm that the Politburo, National Assembly, and Government’s resolutions have generated strong momentum, movements, and trends for private sector growth. Business confidence in the Party and State has risen, operations have diversified, and private enterprises are increasingly prepared to pursue larger-scale projects.
The Government leader urged committee members to evaluate the current state of private sector development, review relevant Party and State mechanisms, policies and laws, and recommend ways to better involve enterprises in the policymaking process.
He called for proposals to improve Resolution 68’s effectiveness, pinpoint immediate tasks for the first quarter of 2026, and delineate clear responsibilities of Party committees, authorities at all levels, ministries, agencies, localities, organizations and individuals in supporting businesses.
At the same time, he encouraged enterprises to take the lead in innovation and enhance their competitiveness.- (VNA/VLLF)
