When the number of required business conditions is far too high and the quality is low, it is a clear manifestation of the “if it can’t be managed, ban it” mindset, which creates a legal system that leans toward control rather than development.

Excessive business regulations are stifling innovation and development. General Secretary To Lam’s vision calls for a legal framework that empowers, not controls.

Despite playing a vital role in GDP growth, private enterprises face persistent challenges, especially in institutional reform and access to resources.

Deputy Prime Minister Nguyen Chi Dung stresses the need for an actionable plan that removes obstacles and inspires confidence in the private sector.

With the private sector contributing 50 percent to GDP, reaching the target of over 8 percent growth in 2025 and a double-digit growth rate in the 2026-2030 period could occur.

Bamboo Airways chairman advocates for fair treatment and policy improvements to support the private sector.

Vietnam's leadership is embracing the private sector as the driving force behind the nation's economic future, signaling a policy shift that could unlock unprecedented growth.

Vietnam is reforming business regulations, improving land and capital access, and fostering technological innovation to strengthen the private sector’s role in national economic development.

Over the decades of DoiMoi, nearly 5.2 million individual business households have emerged and significantly contributed to national development. However, effective measures to protect the sustainability of the economic sector have yet to be created.

The private sector is driving Vietnam’s economic transformation, contributing 51% of GDP. Reforms in policy, governance, and innovation will unlock Vietnam’s full potential.

Vietnam’s private sector contributes 50% of GDP, yet struggles to scale. Experts call for a new, results-driven policy implementation model to drive growth.

Vietnam’s private sector faces regulatory challenges, high land costs, and limited R&D freedom. Experts propose legal reforms to enhance innovation, streamline business operations, and boost double-digit economic growth.

Vietnam’s private sector contributes over 50% of GDP, yet legal barriers hinder expansion. Experts urge reforms to unlock business potential.

Despite economic expansion, Vietnam’s private businesses remain small globally. What challenges do they face?

General Secretary To Lam emphasizes the need for a well-defined strategy to remove barriers and foster the growth of Vietnam’s private sector, which contributes over 50% of GDP but faces structural challenges.

The Vietnamese government is prioritizing private sector development as the key driver of economic growth. With over 50% of GDP contribution and 80% of employment creation, private enterprises are essential for Vietnam’s long-term prosperity.

The private sector is the country’s intrinsic strength - its deeply rooted and enduring value. Yet, it remains fragile in its development. This highlights the fact that Vietnam still has ample room for growth.

As Vietnam enters a new era of national advancement, the private sector is casting off the struggles of the past to thrive and contribute to the nation’s prosperity.

Establishing a strong and competitive private sector is essential for Vietnam's economic independence and sustainable development.