Vietnam’s private sector enters new growth phase amid reform push - News Summed Up

Vietnam’s private sector enters new growth phase amid reform push


A unified focus on private enterpriseEchoing this view, Pham Minh Thang, CEO of ELCOM Technology and Telecommunications Corporation, emphasized that Resolution 68 identifies the private sector as a key engine of the economy. Targeting 3 million businesses by 2045The private sector is expected to grow 10–12% annually, with a greater GDP contribution and job creation. The private sector is expected to grow 10–12% annually, contributing increasingly to GDP and employment. Resolution 198 from the National Assembly has already transformed the spirit of Resolution 68 into actionable policy. He emphasized the need for strategic policies to help form medium- and large-sized pioneering enterprises.


Source: VietNamNet News January 22, 2026 11:05 UTC



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