At a working session with the board for private economic development research (Board IV) under the Prime Minister’s Advisory Council for Administrative Procedure Reform, the Government leader underscored that the resolution must be carried out effectively, igniting a transformative shift in Vietnam’s private sector.
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Resolution 68 has fueled entrepreneurial spirit, encouraged risk-taking, and fostering closer alignment between the government and businesses. |
He ordered the Ministry of Finance, Board IV, and competent agencies to develop a performance measurement index, assessing whether the business environment is open and supportive of private firms.
The evaluation framework must be clear, practical, and result-oriented, defining responsibilities, timelines, and outcomes, he said, stressing it must be easy to monitor, implement and assess. The Government will steer related policies and guidelines based on accurate and specific data that the criteria provide.
PM Pham Minh Chinh said that the indicators must cover a wide spectrum, from legal compliance, job creation, contributions to the state budget, and environmental responsibility to access to capital and land, digital transformation, green transition, innovation, and business ethics. These metrics will help pinpoint institutional bottlenecks as well as garner enterprises’ confidence and engagement in the resolution.
The Government leader expressed his hope that the resolution will be brought into life, bringing tangible outcomes. He said the ultimate result should be further contributions made by private firms to the nation’s socio-economic development as well as increasing labor productivity.
Since its launch three months ago to unlock resources for more than 940,000 private firms and 5.2 million business households nationwide, Resolution 68 has fueled entrepreneurial spirit, encouraged risk-taking, and fostering closer alignment between the government and businesses.
June saw a record-breaking 24,400 new business registrations, a 61% increase year-on-year and double the average monthly figure from 2021 to 2024. In July, another 16,500 enterprises were established, pushing the total number of new firms in the first seven months of 2025 to 107,700, an 11% rise compared to the same period last year.
In the first seven months, over 66,300 enterprises returned to operation, an increase of nearly 50% year-on-year. By early August, nearly 56,700 business households registered to use e-invoices generated from cash registers, achieving more than 150% of the plan.
These initial results create solid confidence in the longer-term goal of having 2 million private enterprises by 2030, expected to contribute 55-58% of GDP and 35-40% of state budget revenue and create 84-85% of jobs nationwide.
Source: VNA