The resolution, issued by the Politburo on May 4, 2025, has been viewed by enterprises as an important driver for innovation, digital transformation and business expansion.
According to Dr. Bui Thanh Minh, Deputy Director of the Office of the Private Economic Development Research Board under the Prime Minister’s Advisory Council for Administrative Procedure Reform, Resolution 68 has helped foster a stronger entrepreneurial spirit through a series of concrete policy measures.
A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.
Vietnam’s diplomatic approach demonstrates mettle, resolve, independence and a strong capacity to adapt flexibly to the complex and fast-changing regional and global geopolitical environments, according to Prof. Ruhanas Harun of the National Defence University of Malaysia.
Prime Minister Pham Minh Chinh noted that since the rollout of Resolution 68, alongside supporting resolutions from the National Assembly (NA) and Government, there has been a marked change in understanding the private sector’s critical position and role in Vietnam’s socialist-oriented market economy.