Full text of Resolution No. 68-NQ/TW on the development of the private economy

RESOLUTION
OF THE POLITICAL BUREAU
regarding private sector economic development

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After nearly 40 years of reform, Vietnam's private economy has gradually developed both in quantity and quality, becoming one of the important driving forces of the socialist-oriented market economy. The private sector currently comprises over 940,000 enterprises and more than 5 million business households, contributing approximately 50% of GDP, over 30% of total state budget revenue, and employing about 82% of the total workforce. It contributes to economic growth, job creation, and is a crucial force in promoting innovation, improving labor productivity, increasing national competitiveness, and contributing to poverty reduction and social stability. Many private enterprises have grown significantly, establishing their brands and expanding into regional and global markets.

However, the private sector still faces many obstacles hindering its development, failing to achieve breakthroughs in scale and competitiveness, and not meeting the requirements and expectations of being the core force of the national economy. Most businesses are micro, small, and medium-sized; their financial resources and management skills are limited; the majority have low technological and innovation capabilities; labor productivity, operational efficiency, and competitiveness are not high; and their business thinking lacks strategic vision and connection with state-owned enterprises and foreign direct investment enterprises.

There are many reasons for the above situation, but mainly it is due to: Inadequate thinking and understanding of the position and role of the private sector in the economy, failing to keep pace with development requirements; institutional and legal frameworks still have obstacles and inadequacies; leadership and guidance have not received adequate attention; property rights and the right to freedom of business are not fully guaranteed. The private sector still faces many difficulties and obstacles in accessing resources, especially capital, technology, land, natural resources, and high-quality human resources. Some preferential policies and support measures are not truly effective and are difficult to access; business costs remain high.

In order to realize the national development goals as set forth in the Resolution of the 13th National Party Congress and to meet the development requirements of the new era, it is necessary and urgent to innovate thinking, unify understanding and action, and implement comprehensive, breakthrough solutions to further enhance the role of the private economy, consolidate confidence, create new momentum and impetus for economic development, promote growth, and improve national competitiveness.

Based on the above situation, the Politburo requests focused and decisively, synchronously, and effectively implementing the following contents:

I. GUIDING PRINCIPLES

1. In a socialist-oriented market economy, the private sector is the most important driving force of the national economy, a pioneering force promoting growth, creating jobs, increasing labor productivity, national competitiveness, industrialization, modernization, and restructuring the economy towards a green, circular, and sustainable direction. Together with the state-owned and collective economies, the private sector plays a core role in building an independent, self-reliant, and strong economy, linked to deep, substantive, and effective international integration, enabling the country to escape the risk of backwardness and achieve prosperous development.

2. Developing the private economy rapidly, sustainably, efficiently, and with high quality is both a central and urgent task, as well as a long-term strategic one; it needs to be concretized in the country's development strategies and policies; aiming to unleash all potential and strengths, liberate all productive forces, activate, mobilize, and effectively utilize all resources, especially those within the people, for socio-economic development, consolidating and strengthening national defense and security, and enhancing foreign relations and international integration.

3. Thoroughly eliminate preconceived notions, ideas, concepts, and attitudes regarding Vietnam's private economy; correctly assess the important role of the private economy in national development; nurture and encourage the entrepreneurial spirit and innovation of the people and businesses; respect businesses and entrepreneurs; recognize entrepreneurs as soldiers on the economic front; ensure full property rights, freedom of business, equal competition, and freedom to conduct business in sectors not prohibited by law; build and strengthen trust between the State and the private economic sector; protect the legitimate rights and interests of businesses and entrepreneurs; ensure that the private economy competes equally with other economic sectors in accessing business opportunities and resources of the economy, especially capital, land, technology, human resources, data, and other legitimate resources of the country as prescribed by law.

4. Create a transparent, stable, safe, easily enforceable, low-cost business environment that meets international standards and ensures regional and global competitiveness. Promptly develop and refine breakthrough laws, mechanisms, and policies to encourage private sector development in priority areas, investment in research and development, application of science and technology, innovation, digital transformation, participation in important national strategic tasks, and expansion to the regional and global levels; promote innovative entrepreneurship, digital transformation, and legitimate wealth creation.

5. Strengthen the Party's leadership role and the State's role in creating a favorable environment, with enterprises as the central and leading force; focus on training and nurturing a team of entrepreneurs with ethics, business culture, courage, intelligence, dynamism, creativity, and a drive to excel; honor, encourage, and develop a strong team of entrepreneurs with patriotism, national pride, a desire to contribute, respect for the law, and a proactive commitment to social responsibility.

II. OBJECTIVES

1. By 2030

- The private sector is one of the most important driving forces of the national economy; it is the pioneering force in the development of science and technology, innovation, and digital transformation, contributing to the successful achievement of the goals of Resolution No. 57-NQ/TW, dated December 22, 2024, of the Politburo and other policies and guidelines of the Party.

- Strive to have 2 million active businesses in the economy, with 20 active businesses per 1000 people. At least 20 large businesses should participate in global value chains.

- The average growth rate of the private sector is approximately 10-12% per year, higher than the growth rate of the national economy; contributing about 55-58% of GDP, about 35-40% of total state budget revenue, and providing employment for about 84-85% of the total workforce; labor productivity increases by an average of about 8.5-9.5% per year.

- Our technological level, capabilities, innovation, and digital transformation are among the top 3 ASEAN countries and the top 5 countries in the Asian region.

2. Vision to 2045

Vietnam's private economy is developing rapidly, strongly, and sustainably, actively participating in global production and supply chains; possessing high competitiveness in the region and internationally; striving to have at least 3 million businesses operating in the economy by 2045; contributing approximately over 60% of GDP.

III- TASKS AND SOLUTIONS

1. Innovate thinking, achieve high unity in awareness and action, awaken national confidence and aspirations, and create new impetus and momentum for the development of the private economy.

- Consistently raise awareness among Party committees, government agencies, the entire political system, the business community, and the people regarding the position and role of the private economy; strengthen the confidence, aspirations for advancement, and strong actions of Vietnam's private economy in the new era. The State will create, serve, and support the rapid and sustainable development of the private economy, without administrative interference in production and business activities contrary to market principles; build an open, friendly, collaborative, and honest relationship between the government and businesses to serve and create development.

- Strengthen communication efforts, raise awareness and action, and inspire entrepreneurship, self-confidence, self-reliance, and national pride among all citizens to promote the strong development of the private economy. Media and press agencies need to improve the quality and effectiveness of information dissemination, ensuring objectivity, truthfulness, and completeness, encouraging and spreading good models, innovative and effective practices, and fostering an entrepreneurial spirit throughout society. Harassment, negative behavior, and the dissemination of false or inaccurate information that negatively impacts businesses and entrepreneurs are strictly prohibited.

2. Promote reforms, improve and enhance the quality of institutions and policies, effectively guarantee and protect the ownership rights, property rights, freedom of business, and equal competition rights of the private sector, and ensure the enforcement of contracts of the private sector.

2.1. Promote reforms, improve and enhance the quality of institutions and policies.

- Innovate the thinking on building and organizing the implementation of laws to ensure the economy operates according to a socialist-oriented market mechanism, using market tools to regulate the economy; minimize intervention and eliminate administrative barriers, the "request-and-grant" mechanism, and the "if you can't manage it, ban it" mentality. Citizens and businesses are free to conduct business in sectors not prohibited by law. The right to do business can only be restricted for reasons of national defense, national security, public order and safety, social morality, the environment, and public health, and this must be stipulated in the law.

- Complete the legal system, remove barriers to market access, ensuring a transparent, clear, consistent, stable, long-term, easy-to-comply, and low-cost business environment. Promote transparency, digitalization, smartening, automation, and the thorough application of artificial intelligence and big data in the implementation of administrative processes and procedures, especially regarding market entry and exit, land, planning, investment, construction, taxation, customs, insurance, intellectual property, standards, and regulations. By 2025, complete the review and elimination of unnecessary business conditions, overlapping regulations, inappropriate regulations, and obstacles to the development of private enterprises; reduce administrative procedure processing time by at least 30%, legal compliance costs by at least 30%, and business conditions by at least 30%, with further significant reductions in subsequent years. Strongly promote the provision of public services to businesses regardless of administrative boundaries. Strive to ensure that by 2028, Vietnam's investment and business environment ranks among the top 3 ASEAN countries and the top 30 countries globally.

- Shift from a primarily management-oriented public administration to one focused on service and development, with citizens and businesses at the center; modernize public administration and data-driven governance. Strongly shift from pre-approval to post-approval, coupled with enhanced inspection and supervision. Transform the management of business conditions from licensing and certification to the public disclosure of business conditions and post-approval, except for a few sectors that require licensing procedures according to regulations and international practices. Amend the Bankruptcy Law, shorten the processing time for legal procedures, expand the scope of application of simplified bankruptcy sanctions; promote the application of electronic litigation procedures, and reform the asset handling mechanism. Establish a mechanism for evaluating and providing feedback on barriers and obstacles in production and business activities. Overcome inconsistencies in policy implementation between the central and local levels, between ministries and agencies, and between different localities.

- Implement market mechanisms without discrimination between businesses of different economic sectors in the mobilization, allocation, and use of capital, land, resources, assets, technology, human resources, data, and other resources. Review and improve tax, fee, and levy policies to ensure fair treatment among economic sectors, reduce tax rates, expand the tax base, especially electronic tax collection originating from cash registers; strictly prohibit the abuse of administrative decisions and acts of protectionism by industries and localities. Strictly handle acts that restrict competition, abuse of dominant or monopolistic positions, and unfair competition.

- Complete the legal framework for new economic models, technology-based businesses and digital platforms, especially financial technology, artificial intelligence, virtual assets, virtual currencies, crypto assets, cryptocurrencies, e-commerce, etc. Establish a pilot mechanism for new industries and fields based on post-audit, in line with international practices. Improve laws and policies on data and data governance, facilitating businesses to connect, share, and exploit data, while ensuring security and safety.

- Facilitate the resolution of administrative procedures; clearly define the roles, responsibilities, and authority between different levels and sectors of each agency and unit, and clearly define the responsibilities of the head of each agency in resolving administrative procedures. Strictly punish acts of corruption, personal gain, and harassment by officials and civil servants; at the same time, establish a mechanism for exemption from liability in cases where all relevant procedures and regulations have been fully followed, and there is no self-interest involved in the performance of duties, but losses are incurred due to objective risks.

- Implement special mechanisms and policies to support small and medium-sized enterprises (SMEs), ensuring adherence to market principles and compliance with international commitments; abolish business license fees; exempt SMEs from corporate income tax for the first three years of establishment; allocate sufficient resources from the central and local budgets for programs and policies supporting businesses, combined with mobilizing resources from investment funds of businesses, business associations, industries, research institutes, universities, etc. Strengthen the role of the private sector and entrepreneurs in participating in policy feedback and critique, ensuring substantive, effective, and transparent participation.

- Promote the development of the domestic market, stimulate consumer demand, diversify distribution channels, strongly develop digital platforms and e-commerce; implement the "Vietnamese people prioritize using Vietnamese goods" campaign effectively; upgrade and innovate the national trade promotion program; support private enterprises in building and promoting brands. Encourage the development of private retail corporations; have preferential policies for small and medium-sized enterprises and innovative startups to participate in public procurement programs, plans, and projects in accordance with international practices. Enhance the capacity to implement and utilize international commitments and have effective mechanisms to support the private sector in resolving international disputes...

- Update and standardize the system of indicators, statistical data, and databases on the private economy to serve the evaluation and planning of appropriate policies and development strategies for each stage. Establish appropriate mechanisms for sharing the data system with agencies and organizations for research, consultation, and policy review.

2.2. Ensuring and effectively protecting the ownership rights, freedom of business, property rights, equal competition rights, and contract enforcement rights of the private sector.

- Improve the legal system for contract enforcement and dispute resolution in the business and commercial sectors, shortening the time for resolving contract disputes. Establish specific mechanisms to handle long-standing, stalled projects and contracts that cause losses and waste of social resources and hinder the development of private enterprises, while simultaneously defining the roles and responsibilities of relevant agencies, organizations, units, and individuals in accordance with the law; put an end to the situation where state agencies and state-owned enterprises are slow to fulfill their payment obligations under contracts signed with private enterprises. Enhance the transparency, effectiveness, and efficiency of economic courts and commercial arbitration in handling international commercial disputes, ensuring speed, fairness, objectivity, and equality.

- Review, improve, and effectively enforce legal regulations on the protection of property rights, including intellectual property and intangible assets; minimize legal risks. Implement policies to support the valuation and protection of intellectual property rights domestically; support and encourage private enterprises to register intellectual property rights abroad and with international organizations. Impose strict penalties for intellectual property violations, especially those occurring in e-commerce. Ensure the entire process of establishing industrial property rights is conducted online, minimizing the time required for intellectual property application procedures and ensuring compliance with international practices.

- End overlapping, redundant, prolonged, and unnecessary inspections and audits; ensure the principle of conducting inspections and audits only once a year for businesses, except in cases where there is clear evidence of violations; strictly handle acts of abusing inspections and audits to harass or create difficulties for businesses. Develop a data system and artificial intelligence tools for early warning of potential legal violations. Strongly apply digital transformation in inspection, audit, and inspection activities. Implement online inspections and audits, prioritizing remote inspections and audits based on electronic data, reducing direct inspections and audits. Exempt businesses that comply well with legal regulations from on-site inspections.

2.3. Adhere to the principle of clearly distinguishing criminal, administrative, and civil responsibilities; and between legal entities and individuals in handling violations.

- Amend regulations on criminal law, civil law, criminal procedure, and civil procedure to ensure that when handling violations and cases related to civil and economic matters, priority is given to applying civil, economic, and administrative measures first, allowing businesses and entrepreneurs to proactively remedy violations and damages. If the practical application of the law may or may not lead to criminal prosecution, then criminal prosecution should be resolutely avoided. If criminal prosecution is necessary, priority should be given to measures to remedy economic consequences first, and this will serve as an important basis for considering further measures. Legal provisions should not be retroactively applied to disadvantage businesses. For cases lacking or with unclear evidence, conclusions must be reached promptly to avoid affecting the reputation and normal business operations of enterprises and entrepreneurs. The principle of presumption of innocence must be ensured during the investigation and trial of cases.

- Ensure that the sealing, seizure, and freezing of assets related to the case are carried out in accordance with the proper authority, procedures, and scope, without infringing upon the legitimate rights and interests of individuals and organizations; ensure that the value of the sealed, seized, temporarily detained, or frozen assets corresponds to the anticipated damage caused by the case.

- Clearly distinguish between legally acquired assets and assets obtained through illegal acts, and other assets related to the case; and between the assets, rights, and obligations of the enterprise and the individuals managing the enterprise. Allow for the reasonable use of necessary measures to secure the value of assets related to the case, minimize the impact of the investigation on production and business activities, after obtaining the consensus of the prosecuting authorities and without affecting the investigation.

3. Facilitate private sector access to resources such as land, capital, and high-quality human resources.

3.1. Enhancing opportunities for private businesses to access land and premises for production and business.

- Promote digital transformation, facilitating private sector access to land and business premises. Establish appropriate mechanisms and policies to control land price fluctuations, especially for non-agricultural and business land, minimizing the impact on investment and production/business plans of enterprises. By 2025 at the latest, complete the construction of a national land database connected to the National Data Center and other relevant databases. Implement electronic transactions in the land sector; ensure transparency and proactively provide information to businesses; minimize the time required for land lease procedures and issuance of land use right certificates; and actively support land clearance efforts.

- Local authorities are allowed to use local budgets to support investors in developing industrial park infrastructure, industrial clusters, and technology incubators. Based on requirements, investors are to allocate a portion of their invested land to high-tech enterprises, small and medium-sized enterprises, and innovative startups for lease. Local authorities, based on the actual situation, determine the land allocation for each industrial park or cluster, ensuring an average minimum of 20 hectares per park/cluster or 5% of the total land with invested infrastructure allocated to the aforementioned enterprises. The State will implement a policy of reducing land lease fees by at least 30% for these entities for the first 5 years from the date of signing the land lease contract. The reduced land lease fee will be reimbursed to the investor through deduction of the land lease fees payable by the investor as stipulated by law. There are policies to support infrastructure such as clean land, electricity, water, transportation, communication, and administrative procedures for high-tech enterprises, small and medium-sized enterprises, supporting industry enterprises, and innovative startups.

- Focus on resolving difficulties and obstacles for projects hampered by procedures and delays; utilize wasted land resources, public land, unused agency headquarters, and land involved in prolonged disputes and legal cases. Implement policies to support small and medium-sized enterprises, supporting industrial enterprises, and innovative enterprises in leasing unused or underutilized public land and buildings in the locality.

3.2. Promoting and diversifying sources of capital for the private sector.

- Review and improve credit mechanisms and policies for the private sector. Prioritize a portion of commercial credit resources for private enterprises, especially small and medium-sized enterprises, supporting industries, and innovative startups, to borrow for investment in machinery, equipment, new technologies, green transformation, digital transformation, export credit, and supply chain credit. Encourage financial and credit institutions to lend based on assessments of production and business methods, market expansion plans, data-driven lending, cash flow, value chain, and consideration of collateral including movable assets, intangible assets, future assets, and unsecured loans.

- Promote the development of green credit; the State should have mechanisms to support interest rates and encourage credit institutions to reduce interest rates for private enterprises borrowing to implement green and circular projects and apply environmental, social, and governance (ESG) standards.

- Review the legal framework and improve the model of credit guarantee funds for small and medium-sized enterprises (SMEs) at both the central and local levels; encourage the participation of financial institutions and large enterprises in guaranteeing loans for SMEs; accept risks arising from objective conditions and force majeure events in guarantee operations; implement management based on overall objectives; regulate reasonable levels of financial reserve fund allocation, relax guarantee granting conditions compared to bank loan conditions; establish mechanisms for supplementing resources and reasonable insurance policies to ensure system safety. Research the establishment of a re-guarantee fund and cross-guarantee and co-guarantee models...

- Complete the legal framework and operational mechanisms of the Small and Medium-sized Enterprise Development Fund by expanding its scope, simplifying, increasing transparency, and digitizing the conditions, processes, and procedures for receiving, appraising, lending, and disbursing capital; diversify capital sources from the state budget, contributions from domestic and international businesses, organizations, and individuals; urgently add functions and tasks to invest in local investment funds and private investment funds to increase the supply of capital for small and medium-sized enterprises and innovative startups; provide seed funding for startup projects, and provide startup loans; build incubators and support startups. Encourage co-financing models involving central, local, private funds, and financial and credit institutions to share risks and increase preferential terms for loans to small and medium-sized enterprises.

- Review and amend regulations on the operation of non-deposit lending institutions to diversify credit sources for businesses, especially small and medium-sized enterprises (SMEs). Amend the legal framework for the operation of financial leasing companies to expand the portfolio of leased assets, including non-traditional assets such as software, exploitation rights, intellectual property, and data. Issue a controlled pilot legal framework for peer-to-peer lending and crowdfunding platforms to directly connect SMEs with individuals and organizations providing funding.

- Connecting and sharing information between banking systems, tax authorities, and relevant agencies, ensuring data interoperability and sharing on the operational and financial status of businesses, assessing the creditworthiness and credit scoring of businesses from credit institutions, financial funds, and third-party credit rating agencies to enhance lending to small and medium-sized enterprises and business households.

- Supporting businesses in improving their management capabilities, building transparent and standardized financial systems, standardizing accounting and auditing procedures, and implementing solutions to enhance credibility and access to financial resources.

- Strengthen inspection, examination, and close supervision of the operations of credit institutions and credit granting activities; strictly control lending activities serving the internal ecosystem.

- Review and improve tax policies to facilitate investment activities by investment funds in businesses; increase investment limits in long-term assets or capital financing within the capital structure of businesses; establish mechanisms for mobilizing medium and long-term capital for investment funds. Research should be conducted to allow financial investment institutions to expand their ability to mobilize capital from sources such as social insurance funds and voluntary pension funds to develop the capital market, especially medium and long-term capital for private enterprises.

- Urgently upgrade and restructure the stock market, develop the insurance market, and improve regulations on corporate bonds to enhance quality and expand stable, low-cost capital mobilization channels for the private sector. Research and develop a legal framework for the securitization of debt.

3.3. Improving the quality of human resources for the private sector.

- Focus resources on developing a network of high-quality higher education and vocational training institutions in key sectors. Encourage the development of joint training programs with foreign countries, and expand and transfer advanced training programs to serve the development of the private economy.

- Innovate the methods of evaluating and recognizing graduation with the participation of businesses for high-quality programs. Support and encourage training programs tailored to business needs and attract more businesses to participate in human resource training. The costs of training and retraining the workforce of businesses are deductible expenses when determining taxable income for corporate income tax purposes.

- Effectively implement training and development programs to improve the quality of human resources for the private sector; encourage localities to use their legitimate resources to proactively support training programs for human resource development that align with the socio-economic development orientation of the locality.

- Implement a training and development program for 10,000 CEOs; mobilize successful entrepreneurs to participate in training, share experiences, inspire, and provide practical and effective support to the business community.

- Promote education and training in creative skills, STEM, foreign languages, and digital skills at all levels to meet the requirements of high-quality human resources linked to the development of science and technology, innovation, and entrepreneurship.

4. Promoting science and technology, innovation, digital transformation, green transformation, and efficient and sustainable business practices in the private sector.

- Vigorously implement Resolution No. 57-NQ/TW, dated December 22, 2024, of the Politburo on breakthroughs in the development of science, technology, innovation, and national digital transformation in the private economic sector.

- Establish a controlled testing framework (sandbox) for new technologies, products, services, and business models; create a favorable environment for private enterprises to participate in research and application of artificial intelligence, blockchain, big data, e-commerce, financial technology, smart healthcare, etc.

- Allow businesses to include research and development activities as deductible expenses when determining their taxable income, up to 200% of the actual cost of these activities. Implement policies to support investment costs for purchasing machinery, technological innovation, digital transformation, green transformation, sustainable business practices, and circular economy through corporate income tax deductions or funding from various funds.

- Businesses are allowed to allocate up to 20% of their taxable income to a fund for the development of science, technology, innovation, digital transformation, and research and development. Businesses can use this fund to conduct research and development themselves or to commission external research and development projects under a piece-rate system.

- Private enterprises and organizations may use shared laboratories, testing rooms, design support rooms and research equipment, and state-owned testing, measurement, inspection, and certification centers to develop products at reasonable fees.

- There is a policy of exempting or reducing corporate income tax for innovative startups, venture capital fund management companies, and intermediary organizations supporting startups and innovation from the time corporate income tax becomes payable. Personal income tax and corporate income tax are exempted for individuals and organizations on income from the transfer of capital contributions or investment rights in innovative startups. Personal income tax is exempted or reduced for experts and scientists working at innovative startups, research and development centers, innovation centers, and intermediary organizations supporting startups and innovation.

- The State prioritizes resources to support investment in the development of innovation centers serving incubation purposes, facilitating research, testing, development, and technology transfer to support innovative businesses and startups.

5. Strengthening connections between private enterprises, private enterprises with state-owned enterprises, and FDI enterprises.

- Develop business linkages based on industry clusters, value chains, and supply chains. Encourage large enterprises to lead domestic supply chains, connecting with small and medium-sized enterprises (SMEs) and household businesses. Support the development of industry clusters, especially in supporting industries, manufacturing, agricultural product processing, food processing, information technology, and creative industries. Identify the transfer of technology, support for product testing, technical assistance, knowledge sharing, and human resource training by large enterprises, and the use of products and services from SMEs as an important criterion for receiving preferential policies from the State. The costs of training and retraining personnel from large enterprises for SMEs participating in the chain are deductible expenses when determining taxable income for corporate income tax purposes.

- Encourage financial and credit institutions to provide funding for private enterprises operating within value chains and supply chains.

- Urgently implement support policies for research and development, training, consulting, trade promotion, technology transfer, etc. Support businesses in obtaining certificates and certifications that meet industry standards required by export markets, and participate in value chains and supply chains. The State supports consulting and trade promotion services to connect FDI enterprises with domestic enterprises in key industrial parks, economic zones, and free trade zones.

- Apply appropriate localization rates according to a roadmap in key, priority, and foundational industries; require large FDI projects to have a plan to utilize domestic supply chains from the project approval stage. Support startups for managers and technical staff who have worked at FDI enterprises to leverage their experience, knowledge, management models, and relationships with FDI enterprises to participate in the supply chain.

6. Rapid formation and development of large and medium-sized enterprises, and private economic groups of regional and global scale.

- Expand the participation of private enterprises in nationally important projects; the State should proactively implement policies for ordering, limited bidding, or direct contracting, or provide incentives to encourage the private sector to participate alongside the State in strategic areas, key national-level projects and scientific research tasks (such as high-speed rail, urban rail, cutting-edge industries, energy infrastructure, digital infrastructure, green transportation, defense industry, security...), and urgent tasks. Solutions should be implemented to promote private enterprises to invest in expanding and developing high-quality healthcare and education services, and to develop the cultural and entertainment industries.

- Diversify and enhance the effectiveness of cooperation between the State and the private sector through public-private partnership (PPP) models, public leadership - private management, public investment - private management, and private investment - public use, in the fields of economic infrastructure, socio-cultural infrastructure, information technology, and communication, using socio-economic efficiency as a criterion for selection. Expeditiously develop and implement a program to develop 1,000 exemplary enterprises that are pioneers in science and technology, innovation, digital transformation and green transformation, high-tech industries, and supporting industries.

- Develop and implement the "Go Global" program, focusing on supporting access to markets, capital, technology, branding, distribution channels, logistics, insurance, export performance bonuses, consulting, legal services, business dispute resolution, trade, mergers and acquisitions, and connections with multinational corporations...

7. Provide substantive and effective support to small and micro enterprises and household businesses.

- Review and improve the legal framework for individual businesses; minimize disparities and create favorable conditions in terms of organizational management and financial and accounting systems to encourage household businesses to convert into enterprises. Promote digitalization, transparency, simplification, and ease of compliance and implementation of accounting, tax, and insurance regulations to encourage the conversion of household businesses to operate under the enterprise model. Eliminate the lump-sum tax system for household businesses no later than 2026.

- We provide free digital platforms, shared accounting software, legal consulting services, and training in business management, accounting, taxation, human resources, and law for small and micro enterprises, household businesses, and individual entrepreneurs.

- Effectively implement the National Comprehensive Financial Strategy, promoting access to and use of financial products for small and micro enterprises, household businesses, prioritizing business owners and household businesses who are young people, women, vulnerable groups, ethnic minorities, people in mountainous, border, and island areas, and inclusive business models that create social impact.

8. Uphold business ethics, promote social responsibility, strongly encourage the entrepreneurial spirit, and create all favorable conditions for entrepreneurs to participate in national governance.

- Building a team of entrepreneurs with ethics, business culture, honesty, integrity, social responsibility, connected with national identity, accessing the best of world business culture, and carrying within them the aspiration to build a rich, strong, and prosperous country. Taking ethics and business culture as the core, upholding the spirit of the supremacy of law. Evaluating private enterprises according to international standards based on core criteria on: (1) Level of legal compliance. (2) Job creation. (3) Contribution to the state budget and (4) Participation in social welfare activities.

- Promote the entrepreneurial spirit throughout society; nurture and encourage the entrepreneurial and innovative spirit of all citizens. Expeditiously introduce entrepreneurship training programs into educational and training institutions, strongly promoting the entrepreneurial spirit and business startups among students.

- To honor, commend, and reward exemplary and advanced entrepreneurs and businesses that operate efficiently and sustainably, fulfill their social responsibilities well, and actively participate in community activities. To mobilize outstanding entrepreneurs with integrity and vision to participate in national governance.

- Establish close, substantive, sharing, open, and sincere relationships between Party committees, government agencies, and businesses. State management agencies must proactively and diligently resolve obstacles for private businesses according to their functions, duties, and authority, promptly reporting to higher authorities on issues beyond their jurisdiction. Simultaneously, promote the role of businesses and business associations in providing honest, timely, and accurate feedback and critique on policies, addressing difficulties and obstacles effectively. Strictly prohibit the manipulation and exploitation of policies, and the corruption of officials and civil servants.

- Private enterprises and entrepreneurs need to proactively innovate their business thinking, be dynamic and creative, maintain their integrity, nurture their will and aspirations, constantly learn, improve their capabilities, qualities, and skills, accumulate knowledge and experience, strive to rise up, legitimately enrich themselves, and contribute to their homeland and country.

- Continuously strengthen and enhance the role, functions, tasks, and operational effectiveness of associations and organizations representing businesses and entrepreneurs to protect the legitimate rights and interests of businesses and entrepreneurs; participate in building, critiquing, and monitoring the implementation of the Party and State's socio-economic development policies and guidelines.

- Specific and feasible policies are needed for building the Ho Chi Minh Communist Youth Union organization and developing the Party within enterprises and among entrepreneurs. Appropriate mechanisms and regulations are also required for Party organizations within enterprises to encourage outstanding individuals to join the Party ranks.

IV- IMPLEMENTATION ORGANIZATION

1. The Party Committee of the National Assembly shall lead and direct the review and improvement of laws on the development of the private economy; and strengthen supervision of their implementation in accordance with regulations.

2. Government Party Committee: (1) Direct the development and submission to the National Assembly for promulgation of special mechanisms and policies right in the 9th Session of the 15th National Assembly (May 2025); develop an action program to implement the Resolution. (2) Coordinate with the National Assembly Party Committee to promptly fully institutionalize the guidelines and policies mentioned in this Resolution and allocate sufficient resources to implement and promulgate the National Assembly Resolution on private economic development right in the 9th Session of the 15th National Assembly with specific, feasible and effective preferential mechanisms and policies. (3) Take the lead in preparing documents for dissemination together with the Central Propaganda and Mass Mobilization Committee to organize dissemination immediately after the National Assembly Resolution on special mechanisms and policies is issued.

3. Party committees of ministries, ministerial-level agencies, agencies directly under the Government, the Supreme People's Court, the Supreme People's Procuratorate, provincial and city Party committees, and Party committees directly under the Central Committee shall develop action plans with appropriate tasks, solutions, and timelines, and assign specific responsibilities to agencies and units for implementation.

4. The Party Committee of the Vietnam Fatherland Front and central mass organizations shall lead and direct the development of programs and plans to guide and mobilize the people to implement the Resolution, promote the role of social supervision and criticism, and participate in the development of laws, mechanisms, and policies on the development of the private economy.

5. The Central Propaganda and Mass Mobilization Department shall preside over and coordinate with the Party Committee of the Government and relevant agencies to advise the Politburo and the Secretariat on organizing the thorough understanding and strengthening the dissemination of the Resolution's content.

6. The Party Committee of the Government shall preside over and coordinate with the Central Policy and Strategy Committee, the Central Party Office, and the Party Committees directly under the Central Committee and localities to monitor and evaluate the results of the implementation of the Resolution; and report to the Politburo for guidance on emerging issues and practical demands.

This resolution is disseminated to the Party branches./.