Resolution No.68-NQ-TW on developing private economic sector for the first time identifies the private sector as the “most important driver” of the national economy. Home to more than half of Vietnam’s existing enterprises, Ho Chi Minh City plays a pivotal role in realising the resolution’s goals. By 2045, the number of private enterprises in the city is projected to rise to between 1.05 million and 1.25 million. Nguyen Ngoc Hoa, Chairman of the Ho Chi Minh City Union of Business Association (HUBA), said the key to implementing Resolution No. With these efforts, Ho Chi Minh City aims to improve the business environment and enable the private sector to become a stronger driver of sustainable economic growth./.

Source: VietNamNet News March 15, 2026 19:33 UTC