Full text of Resolution No. 68-NQ/TW on private economic development
On behalf of the Politburo, General Secretary To Lam has just signed Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development. The Government Portal respectfully introduces the full text of this resolution.
CENTRAL EXECUTIVE COMMITTEE * No. 68-NQ/TW | COMMUNIST PARTY OF VIETNAM Hanoi, May 4, 2025 |
RESOLUTION
OF THE POLITBURE
on private economic development
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After nearly 40 years of renovation, our country's private economy has gradually developed in both quantity and quality, becoming one of the important driving forces of the socialist-oriented market economy. The private economic sector currently has more than 940 thousand enterprises and more than 5 million business households in operation, contributing about 50% of GDP, more than 30% of total state budget revenue and employing about 82% of the total labor force in economic growth, creating jobs, being an important force promoting innovation, improving labor productivity, increasing national competitiveness, contributing to hunger eradication, poverty reduction, and stabilizing social life. Many private enterprises have grown strongly, affirmed their brands and reached out to regional and world markets.
However, the private economy is still facing many barriers that hinder its development, has not yet made a breakthrough in scale and competitiveness, and has not yet met the requirements and expectations of being the core force of the country's economy. Most enterprises are micro, small and medium-sized; their financial potential and management level are limited; most have low technological and innovation capacity; labor productivity, operational efficiency and competitiveness are low; business thinking lacks strategic vision, and lacks connection with state-owned enterprises and foreign direct investment enterprises.
There are many reasons for the above situation, but mainly due to: Thinking and awareness of the position and role of the private economy in the economy are still inadequate, not keeping up with development requirements; institutions and laws are still entangled and inadequate; leadership and direction have not received due attention; property rights and freedom of business have not been fully guaranteed. The private economy still faces many difficulties and obstacles in accessing resources, especially capital, technology, land, resources and high-quality human resources. Some preferential and support policies are not really effective and difficult to access; business costs are still high.
In order to realize the national development goals as set out in the Resolution of the 13th National Party Congress and meet the development requirements in the new era, it is necessary and urgent to innovate thinking, unify awareness and action, have comprehensive, comprehensive and breakthrough solutions to further promote the role of the private economy, strengthen confidence, create new momentum and impetus for economic development, promote growth and enhance national competitiveness.
From the above situation, the Politburo requests to focus on thoroughly grasping, drastically, synchronously and effectively implementing the following contents:
I- GUIDING VIEWPOINT
1. In a socialist-oriented market economy, the private economy is the most important driving force of the national economy, the pioneering force promoting growth, creating jobs, improving labor productivity, national competitiveness, industrialization, modernization, restructuring the economy towards green, circular, sustainable; together with the state economy and collective economy, the private economy plays a core role in building an independent, autonomous, self-reliant, and self-reliant economy associated with deep, substantial, and effective international integration, bringing the country out of the risk of falling behind and rising to prosperous development.
2. Developing a fast, sustainable, effective and high-quality private economy is both a central and urgent task and a long-term strategic one; it needs to be specified in the country's development strategies and policies; in order to promote all potentials and strengths, liberate all productive forces, activate, mobilize and effectively use all resources, especially resources among the people, for socio-economic development, consolidate and strengthen national defense and security, enhance foreign affairs and international integration.
3. Completely eliminate perceptions, thoughts, concepts, and prejudices about the Vietnamese private economy; properly assess the important role of the private economy in national development; nurture and encourage the entrepreneurial spirit and innovation of people and businesses, respect businesses and entrepreneurs, and identify entrepreneurs as soldiers on the economic front; fully ensure property ownership rights, freedom of business, equal competition rights, and freedom to do business in industries 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 in accordance with the law.
4. Create a business environment that is open, transparent, stable, safe, easy to implement, low cost, meets international standards, and ensures regional and global competitiveness. Timely develop and perfect laws, mechanisms, and breakthrough policies to encourage the private economy to develop in priority areas, invest in research and development, apply science and technology, innovate, digital transformation, participate in important, strategic tasks of the country and reach regional and world levels; promote the spirit of creative entrepreneurship, digital transformation, and legal and legitimate enrichment.
5. Strengthen the leadership role of the Party and the creation role of the State, taking enterprises as the center and subject; focus on training and fostering a team of entrepreneurs with ethics, business culture, courage, intelligence, dynamism, creativity, and striving to rise up; honor, encourage, and develop a strong team of entrepreneurs with patriotism, national pride, aspiration to contribute, respect for the law, and actively fulfill social responsibilities.
II- OBJECTIVES
1. By 2030
- The private economy is the most important driving force of the national economy; it is a pioneer in the development of science and technology, innovation and digital transformation, contributing to the successful implementation 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 businesses operating in the economy, 20 businesses operating/thousand people. Have at least 20 large businesses participating in the global value chain.
- The average growth rate of the private economy is about 10-12%/year, higher than the growth rate of the economy; contributing about 55-58% of GDP, about 35-40% of total state budget revenue, creating jobs for about 84-85% of the total workforce; labor productivity increases on average about 8.5-9.5%/year.
- Level, technology capacity, innovation, digital transformation are among the top 3 countries in ASEAN and the top 5 countries in Asia.
2. Vision to 2045
Vietnam's private economy develops rapidly, strongly, sustainably, proactively participating in the global production and supply chain; has high competitiveness in the region and internationally; strives to have at least 3 million enterprises operating in the economy by 2045; contributing over 60% of GDP.
III- TASKS AND SOLUTIONS
1. Renewing thinking, high unity in perception and action, arousing national belief and aspirations, creating new impetus and new momentum to develop the private economy.
- Consistent awareness of Party committees, authorities, the entire political system, business community and people about the position and role of the private economy; strengthening the belief, aspiration to rise and strong action of the Vietnamese private economy in the new era. The State creates, serves and supports the private economy to develop rapidly and sustainably, without administrative intervention in production and business activities contrary to market principles; building an open, friendly, companionate, honest relationship between the government and enterprises to serve and create development.
- Strengthen communication work, raise awareness and action, arouse the entrepreneurial spirit, start-up spirit, self-confidence, self-reliance, national pride of all people to promote strong development of the private economy. Media and press agencies need to improve the quality and effectiveness of information and propaganda, ensure objectivity, honesty, completeness, encourage and spread good models, good practices, creativity, efficiency, and encourage the entrepreneurial spirit in the whole society. Strictly prohibit acts of harassment, negativity, providing false and inaccurate information that affect businesses and entrepreneurs.
2. Promote reform, improve and enhance the quality of institutions and policies, effectively ensure and protect ownership rights, property rights, freedom of business, and the right to fair competition of the private economy and ensure contract enforcement of the private economy.
2.1. Promote reform, improve and enhance the quality of institutions and policies
- Innovate the thinking of building and organizing law enforcement to ensure that the economy operates according to the socialist-oriented market mechanism, using market tools to regulate the economy; minimize intervention and eliminate administrative barriers, the "ask - give" mechanism, and the "can't manage, then ban" mindset. People and businesses are free to do business in sectors not prohibited by law. The right to do business can only be restricted for reasons of national defense, security, social order and safety, social ethics, environment and public health and must be stipulated in law.
- Perfect the legal system, remove barriers to market access to ensure a transparent, clear, consistent, long-term stable, easy-to-comply, low-cost business environment. Transparency, digitalization, intelligence, automation, thorough application of artificial intelligence and big data in implementing administrative processes and procedures, especially regarding market entry and withdrawal, land, planning, investment, construction, tax, customs, insurance, intellectual property, standards, regulations... In 2025, complete the review and elimination of unnecessary business conditions, overlapping and inappropriate regulations that hinder the development of private enterprises; reduce at least 30% of administrative procedure processing time, at least 30% of legal compliance costs, at least 30% of business conditions and continue to reduce them strongly in the following years. Strongly implement the provision of public services to businesses regardless of administrative boundaries. Strive to have Vietnam's investment and business environment among the top 3 ASEAN countries and the top 30 countries in the world by 2028.
- Shift from public administration, mainly management to service and development creation, focusing on people and businesses; modernize public administration, data-based administration. Strongly shift from pre-inspection to post-inspection associated with strengthening inspection and supervision. Shift the management of business conditions from licensing and certification to publishing business conditions and post-inspection, except for a few areas that are required to carry out licensing procedures according to international regulations and practices. Amend the Bankruptcy Law, shorten the time to process legal procedures, expand the scope of application of simplified bankruptcy sanctions; promote the application of electronic litigation procedures, reform the asset handling mechanism. Establish a mechanism for assessment and feedback on barriers and obstacles in production and business activities. Overcome the inconsistency in policy implementation between the central and local levels, between ministries, branches and between localities.
- Implement market mechanisms, do not discriminate between enterprises of all economic sectors in mobilizing, allocating and using capital resources, land, resources, assets, technology, human resources, data and other resources. Review and improve tax, fee and charge policies towards ensuring fair treatment between economic sectors, reducing tax rates, expanding tax bases, especially electronic tax collection initiated from cash registers; strictly prohibit the abuse of administrative decisions, local protectionism of sectors and localities. Strictly handle acts that limit competition, abuse dominant position, monopoly position and unfair competition.
- Complete the legal framework for new economic models, business based on technology and digital platforms, especially financial technology, artificial intelligence, virtual assets, virtual currencies, crypto assets, crypto currencies, e-commerce... Have a testing mechanism for new industries and fields on the basis of post-audit, in accordance with international practices. Complete laws and policies on data, data management, facilitate businesses to connect, share, exploit data, ensure security and safety.
- Create all favorable conditions in handling administrative procedures; clearly assign, decentralize, and divide tasks between levels and sectors of each agency and unit, clearly define the responsibility of the head in handling administrative procedures. Strictly handle acts of corruption, personal gain, and harassment of officials and civil servants; at the same time, have a mechanism to exempt from responsibility for cases that have fully implemented related processes and regulations, not for personal gain in the process of performing tasks, but have suffered damage due to objective risks.
- Have special mechanisms and policies to support small and medium-sized enterprises, ensuring compliance with market principles and international commitments; abolish business license fees; exempt corporate income tax for small and medium-sized enterprises in the first 3 years of establishment; allocate sufficient resources from the central and local budgets for programs and policies to support enterprises, combined with mobilizing resources from investment funds of enterprises, business associations, industries, research institutes, universities... Strengthen the role of the private economy and entrepreneurs in participating in giving opinions and criticizing policies, ensuring substance, efficiency and transparency.
- Promote domestic market development, stimulate consumption, diversify distribution channels, strongly develop digital platforms and e-commerce; effectively and substantially implement the Campaign "Vietnamese people prioritize using Vietnamese goods"; upgrade and innovate national trade promotion programs; 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. Improve implementation capacity, take advantage of international commitments and have effective support mechanisms for resolving international disputes for the private economic sector...
- Update and standardize the system of indicators, statistics, and databases on the private economy to serve the assessment, policy planning, and development strategies appropriate for each stage. Have a suitable mechanism to share data systems with agencies, organizations for research, consulting, and policy criticism.
2.2. Effectively ensure and protect ownership rights, freedom of business, property rights, equal competition rights and ensure contract enforcement of the private economy.
- Perfect the legal system for contract enforcement and dispute resolution in the business and trade sectors, shorten the time for contract dispute resolution. Have a specific mechanism to handle projects and contracts that have been pending for many years, causing loss and waste of social resources, hindering the development of private enterprises, in parallel with determining the roles and responsibilities of relevant agencies, organizations, units and individuals according to the provisions of law; put an end to the situation where state agencies and state-owned enterprises are slow to fulfill 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 to ensure speed, fairness, objectivity and equality.
- Review, complete and effectively implement legal regulations on the protection of property rights, including intellectual property rights and intangible assets; minimize legal risks. Have policies to support valuation and protection of domestic intellectual property rights; support and encourage private enterprises to register intellectual property rights abroad and with international organizations. Have strict sanctions for intellectual property violations, especially violations in the e-commerce space. Ensure online implementation of the entire procedure for establishing industrial property rights, minimize the time for carrying out procedures to request the granting of intellectual property rights, and ensure compliance with international practices.
- End the situation of overlapping, duplicate, prolonged, unnecessary inspections and examinations; ensure the principle of only conducting inspections and examinations once a year for enterprises, except in cases where there is clear evidence of violations by enterprises; strictly handle acts of abusing inspections and examinations to harass and cause difficulties for enterprises. Build a data system and artificial intelligence tools to provide early warnings about risks of law violations. Strongly apply digital transformation in inspection, examination and auditing activities. Deploy online inspections and examinations, prioritize remote inspections and examinations based on electronic data, reduce direct inspections and examinations. Exempt actual inspections for enterprises that comply well with legal regulations.
2.3. Comply with the principle of clearly distinguishing criminal, administrative and civil responsibilities; between legal entities and individuals in handling violations.
- Amend the provisions on criminal law, civil law, criminal procedure, civil procedure to ensure the principle when handling violations and civil economic cases, give priority to applying civil, economic, administrative measures first, allowing enterprises and businessmen to proactively remedy violations and damages. In cases where the practical application of the law may lead to criminal prosecution or no criminal prosecution, criminal prosecution must be resolutely not applied. In cases where criminal prosecution is required, priority must be given to measures to remedy economic consequences first and serve as an important basis for considering subsequent handling measures. Do not retroactively apply legal provisions to handle cases that are unfavorable to enterprises. For cases lacking evidence or unclear evidence, conclusions must be reached promptly to avoid affecting the reputation and normal production and business activities of enterprises and businessmen. Ensure the principle of presumption of innocence in the process of investigating and trying cases.
- Ensure that the sealing, temporary seizure, and freezing of assets related to the case or lawsuit must comply with the correct authority, order, procedure, and scope, and must not infringe upon the legitimate rights and interests of individuals and organizations; ensure that the value of the sealing, seizure, temporary seizure, and freezing corresponds to the expected consequences of damage in the case.
- Clearly distinguish between legally formed assets and assets obtained from illegal acts and other assets related to the case; between assets, rights and obligations of the enterprise and individual managers in the enterprise. Allow the reasonable use of necessary measures to ensure the value of assets related to the case, minimize the impact of the investigation on production and business activities, after reaching a consensus of the prosecution agencies and not affecting the investigation activities.
3. Facilitate the private economy's access to resources of land, capital, and high-quality human resources.
3.1. Increase access to land and production and business premises for the private economy
- Promote digital transformation, facilitate private economic access to land and production and business premises. Have appropriate mechanisms and policies to control land price fluctuations, especially land prices for production and business, non-agricultural purposes, to minimize impacts on investment, production and business plans of enterprises. By 2025 at the latest, complete the construction of the National Land Database connected to the National Data Center and related databases. Conduct electronic transactions in the land sector; publicly, transparently and proactively provide information to enterprises; minimize the time for handling land lease procedures, granting land use right certificates; actively support site clearance.
- Allow localities to use local budgets to support investors in infrastructure business of industrial parks, industrial clusters, and technology incubators. Upon request, investors reserve a portion of the invested land fund for lease to high-tech enterprises, small and medium enterprises, and innovative startups. Localities, based on the actual situation, determine the land fund for each industrial park and industrial cluster to ensure an average of at least 20 hectares/zone, industrial cluster, or 5% of the total land fund invested in infrastructure for the above enterprises. The State has a policy of reducing at least 30% of land re-rent for these subjects within the first 5 years from the date of signing the land lease contract. The reduced land rent is refunded to investors through deduction of land rent that investors must pay according to the provisions of law; There are support policies on clean infrastructure, electricity, water, transportation, communications, and administrative procedures for high-tech enterprises, small and medium-sized enterprises, supporting industry enterprises, and creative startups.
- Focus on removing difficulties and obstacles for projects with procedural problems and slow progress; put into use wasted land resources, public land, unused agency headquarters, land in disputes and prolonged cases. Have support policies for small and medium enterprises, supporting industry enterprises, and innovative enterprises to rent houses and land that are public assets that have not been used or are not being used locally.
3.2. Promote and diversify capital sources for the private economy
- Review and improve credit mechanisms and policies for the private economy. Have a policy to prioritize a portion of commercial credit sources for private enterprises, especially small and medium enterprises, supporting industry enterprises, and innovative startups to borrow to invest in machinery, equipment, new technology, green transformation, digital transformation, export credit, and supply chain credit. Encourage financial and credit institutions to lend based on the assessment of production and business methods, plans to expand output markets, lend based on data, cash flow, value chains, consider collateral including real estate, intangible assets, future assets, and unsecured lending.
- Promote the development of green credit; The State has a mechanism to support interest rates and encourage credit institutions to reduce interest rates for private enterprises to borrow to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework.
- Review the legal framework, perfect the model of credit guarantee funds for small and medium-sized enterprises at both central and local levels; encourage the participation of financial institutions and large enterprises to guarantee loans of small and medium-sized enterprises; accept risks due to objective conditions and force majeure in guarantee activities; implement management according to overall objectives; prescribe reasonable financial reserve fund deduction levels, loosen conditions for granting guarantees compared to conditions for bank loans; have a mechanism to supplement resources and reasonable insurance policies to ensure system safety. Research the establishment of a re-guarantee fund and models of cross-guarantee, co-guarantee, etc.
- Complete the legal framework and operating mechanism of the Small and Medium Enterprise Development Fund in the direction of expanding the subjects, simplifying, making transparent, and digitizing the conditions, processes, and procedures for receiving, appraising, lending, and disbursing capital; diversifying capital sources from the state budget, contributions from domestic and international enterprises, organizations, and individuals, etc.; urgently adding functions and tasks of investing in local investment funds and private investment funds to increase the supply of capital for small and medium enterprises and innovative startups; providing seed capital for startup projects, startup loans; building incubators and supporting startups. Encourage co-financing models of central, local, and private funds and financial and credit institutions to share risks and increase incentives for loans to small and medium enterprises.
- Review and amend regulations on the operations of non-depository lending institutions to diversify credit sources for businesses, especially small and medium-sized enterprises. Amend the legal framework on the operations of financial leasing companies to expand the list of leased assets, including non-traditional assets such as software, exploitation rights, intellectual property, and data. Issue a controlled experimental legal framework on peer-to-peer lending and crowdfunding platforms to directly connect small and medium-sized enterprises with individuals and organizations providing capital.
- Connect and share information between banking systems, tax authorities and relevant agencies, ensure connectivity and share data on business operations and finances, assess creditworthiness and credit scoring of businesses from credit institutions, financial funds and third-party credit rating agencies to increase lending to small and medium-sized enterprises and business households.
- Support businesses to improve management capacity, build a transparent and standardized financial system, standardize accounting and auditing regimes, and implement solutions to increase reputation 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 to serve the internal ecosystem.
- Review and improve tax policies, facilitate investment activities of investment funds in enterprises; increase the investment limit on long-term assets or capital financing in the capital structure of enterprises; establish a mechanism for mobilizing medium and long-term capital for investment funds. Research 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 complete regulations on corporate bonds to improve quality and expand stable, low-cost capital mobilization channels for the private economy. Research and develop a legal framework for debt securitization.
3.3. Improving the quality of human resources for the private economy
- Focus resources on developing a network of high-quality universities, vocational training institutions, and key industries. Encourage the development of joint training programs with foreign countries, and replicate and transfer advanced training programs to serve private economic development.
- Innovate the method of assessment and recognition of graduation with the participation of enterprises for high-quality programs. Support and encourage the form of training according to the orders of enterprises and attract enterprises to participate more in human resource training. The cost of training and retraining of human resources of enterprises is included in deductible expenses to determine taxable income when calculating corporate income tax.
- Effectively implement training programs to improve the quality of human resources for the private economy; encourage localities to use their legal resources to proactively support training programs to develop human resources in accordance with the socio-economic development orientation of the locality.
- Implement training programs to train 10,000 executives; 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 of education to meet the requirements of high-quality human resources associated with the development of science and technology, innovation, and startups.
4. Promote science and technology, innovation, digital transformation, green transformation, effective and sustainable business in the private economy
- Resolutely implement Resolution No. 57-NQ/TW, dated December 22, 2024 of the Politburo on breakthroughs in science, technology development, innovation and national digital transformation in the private economic sector.
- Issue a legal framework for controlled testing (sandbox) of new technologies, products, services, and new 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 200% of the actual cost of research and development activities in determining taxable income of the business. There are policies to support investment costs for purchasing machinery, technological innovation, costs of implementing digital transformation, green transformation, sustainable business, and circularity through the mechanism of deducting corporate income tax or funding through funds.
- Enterprises are allowed to allocate up to 20% of their taxable income to establish a fund for science, technology, innovation, digital transformation and research and development. Enterprises are allowed to use the fund to self-deploy or order external research and development according to the product contract mechanism.
- Enterprises and private organizations are allowed to use laboratories, testing rooms, design support rooms and shared research equipment, testing, measurement, inspection and appraisal centers of the State to develop products at reasonable fees.
- There is a policy of exemption and reduction of corporate income tax for innovative start-ups, venture capital fund management companies, and intermediary organizations supporting start-ups and innovation from the time the corporate income tax is payable. Exemption of personal income tax and corporate income tax for individuals and organizations on income from the transfer of capital contributions and capital contribution rights to innovative start-ups. Exemption and reduction of personal income tax for experts and scientists working at innovative start-ups, research and development centers, innovation centers, and intermediary organizations supporting innovative start-ups.
- The State prioritizes resources to support investment in developing innovation centers to serve incubation activities for research, testing, development and technology transfer to support innovative and start-up businesses.
5. Strengthening connections between private enterprises, private enterprises with state-owned enterprises and FDI enterprises
- Building business linkage chains according to industry clusters, value chains, and supply chains. Encourage large enterprises to lead domestic supply chains, connecting with small and medium enterprises and business households. Support the development of industry linkage clusters, especially in supporting industries, manufacturing, processing of agricultural products, food, information technology, and creative industries. Identify large enterprises transferring technology, supporting product testing, providing technical support, knowledge and training of human resources, and using products and services of small and medium enterprises as important criteria to enjoy preferential policies of the State. The cost of training and retraining human resources of large enterprises for small and medium enterprises participating in the chain is included in deductible expenses to determine taxable income when calculating corporate income tax.
- Encourage financial and credit institutions to provide capital for private enterprises operating along value chains and supply chains.
- Urgently implement support policies on research and development, training, consulting, trade promotion, technology transfer, etc. Support enterprises to obtain certificates and certifications that meet industry standards as required by export markets, participate in value chains and supply chains. The State supports consulting and trade promotion services to connect FDI enterprises with domestic enterprises in industrial parks, key economic zones, and free trade zones.
- Apply appropriate localization rates according to the roadmap in foundational, spearhead, and priority industries; require large FDI projects to have a plan to use domestic supply chains right from the project approval stage. Support start-ups for managers and technical staff who have worked at FDI enterprises to take advantage of experience, knowledge, management models, and relationships with FDI enterprises to participate in the supply chain.
6. Rapidly form and develop large and medium-sized enterprises and private economic groups of regional and global stature.
- Expand the participation of private enterprises in important national projects; The State proactively has policies for ordering, limited bidding or designated bidding or has preferential policies to encourage the private economic sector to participate with the State in strategic areas, key and important national scientific research projects and tasks (such as high-speed railways, urban railways, spearhead industries, energy infrastructure, digital infrastructure, green transport, defense and security industries, etc.), urgent and pressing tasks. There are solutions to promote private enterprises to invest in expanding and developing the provision of high-quality healthcare and education services, developing cultural and entertainment industries.
- Diversify and improve the effectiveness of forms of cooperation between the State and the private economic sector through public-private partnership (PPP) models, public leadership - private governance, public investment - private management, private investment - public use, in the fields of economic infrastructure, cultural - social infrastructure, information technology, and communications on the basis of taking socio-economic efficiency as a measure for selection. Urgently develop and implement the Program to develop 1,000 typical enterprises, pioneers in science and technology, innovation, digital transformation and green transformation, high-tech industry, and supporting industry.
- Develop and implement the Go Global Program, focusing on support in terms of market, capital, technology, brand, distribution channel, logistics, insurance, export performance rewards, consulting, legal, business dispute resolution, trade, mergers and acquisitions, connection with multinational corporations...
7. Substantial and effective support for small, micro and household businesses
- Review and complete the legal framework for individual businesses; minimize the gap, create all favorable conditions for management organization and financial and accounting regimes to encourage business households to transform into enterprises. Promote digitalization, transparency, simplification, ease of compliance, ease of implementation of accounting, tax, insurance regimes... to encourage the conversion of business households to operate under the enterprise model. Eliminate lump-sum tax for business households by 2026 at the latest.
- Provide free digital platforms, shared accounting software, legal consulting services, training on business administration, accounting, tax, human resources, and law for small and micro enterprises, business households, and individual businesses.
- Effectively implement the National Financial Inclusion Strategy, promote access to and use of financial products for small and micro enterprises, business households, prioritizing business owners, business households who are young people, women, vulnerable groups, ethnic minorities, mountainous, border and island areas and inclusive business models, creating social impact.
8. Promote business ethics, promote social responsibility, strongly promote the entrepreneurial spirit, create all favorable conditions for businessmen to participate in national governance.
- Building a team of entrepreneurs with ethics, business culture, honesty, integrity, social responsibility, associated with national identity, approaching the quintessence of world business culture, carrying the aspiration to build a rich, strong, prosperous country. Taking ethics and business culture as the core, promoting the spirit of the rule of law. Evaluating private enterprises according to international standards based on core criteria of: (1) Level of compliance with the law. (2) Solving employment. (3) Contributing to the state budget and (4) Participating in social security activities.
- Promote the spirit of entrepreneurship in the whole society; nurture and encourage the spirit of entrepreneurship and innovation of all people. Urgently introduce the business start-up training program into educational and training institutions, strongly promote the spirit of entrepreneurship and business start-up among students.
- Honor, commend and reward typical, advanced entrepreneurs and enterprises that operate effectively and sustainably, fulfill social responsibilities well and actively participate in community activities. Mobilize a team of excellent, dedicated and visionary entrepreneurs to participate in national governance.
- Establish a close, substantive, sharing, open and sincere relationship between Party committees, authorities and enterprises, in which state management agencies must proactively and wholeheartedly resolve problems for private enterprises according to their functions, tasks and authority, promptly report to competent authorities on issues beyond their authority; at the same time, promote the role of enterprises and business associations in providing honest, timely and true comments and criticism on policies of difficulties and problems; strictly prohibit the manipulation and exploitation of policies, taking advantage of and corrupting officials and civil servants.
- Private enterprises and entrepreneurs need to proactively innovate their business thinking, be dynamic and creative, maintain their mettle, nurture their will and aspirations, constantly learn, improve their capacity, qualities, and qualifications, accumulate knowledge and experience, strive to rise up, enrich themselves legitimately, and contribute to their homeland and country.
- Continuously strengthen and enhance the role, functions, tasks and operational efficiency of associations and organizations representing businesses and entrepreneurs to protect the legitimate rights and interests of businesses and entrepreneurs; participate in building, criticizing and supervising the implementation of the Party and State's socio-economic development policies and guidelines.
- There should be specific and feasible policies in building the Ho Chi Minh Communist Youth Union and developing the Party in enterprises and businessmen, and there should be appropriate mechanisms and regulations for Party organizations in enterprises so that outstanding people in enterprises can join the Party ranks.
IV- IMPLEMENTATION ORGANIZATION
1. The National Assembly Party Committee leads and directs the review and completion of laws on private economic development; strengthens supervision of implementation according to regulations.
2. The Government Party Committee: (1) Directs the development and submission to the National Assembly for promulgation of specific and special mechanisms and policies in the 9th Session of the 15th National Assembly (May 2025); develops an Action Program to implement the Resolution. (2) Coordinates with the National Assembly Party Committee to promptly institutionalize all policies and guidelines stated in this Resolution and allocates sufficient resources to implement and promulgate the National Assembly's Resolution on private economic development in the 9th Session of the 15th National Assembly with specific, feasible and effective incentive mechanisms and policies. (3) Takes the lead in preparing dissemination documents and coordinates with the Central Propaganda and Mass Mobilization Commission to disseminate immediately after the National Assembly's Resolution on specific 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 Procuracy, provincial and municipal Party committees, and Party committees directly under the Central Committee shall develop action plans with appropriate tasks, solutions, and roadmaps and assign specific responsibilities to agencies and units for implementation.
4. The Party Committee of the Fatherland Front and central mass organizations lead and direct the development of programs and plans to guide and mobilize people to implement the Resolution, promote the role of supervision, social criticism, and participate in the development of laws, mechanisms, and policies on private economic development.
5. The Central Propaganda and Mass Mobilization Commission shall preside over and coordinate with the Government Party Committee and relevant agencies to advise the Politburo and the Secretariat to thoroughly grasp and enhance the dissemination and popularization of the Resolution's contents.
6. The Government Party Committee shall preside over and coordinate with the Central Policy and Strategy Committee, the Central Party Office, and Party Committees directly under the Central and local levels to monitor and evaluate the implementation results of the Resolution; report to the Politburo for direction on arising issues and practical requirements.
This resolution is disseminated to the Party cell./.