Business community continues to enhance competitiveness and sustainable development

The Government Office issued Announcement No. 175/TB-VPCP dated 5 April 2026 summarizing the Prime Minister's conclusions at the conference titled 'Enterprises contribute to two-digit growth and the Prime Minister expresses gratitude to enterprises.' The notice notes that in the context of development in 2026 and the years ahead, opportunities and difficulties are interwoven; however, challenges are more numerous. Nevertheless, the greater the difficulties, the more determined and persistent the effort must be to achieve the two long-term strategic goals and to maintain double-digit economic growth for many years. At the same time, political stability and social order should be maintained; policy stability must be ensured to create a favorable investment and business environment, protecting the legitimate rights and interests of enterprises, thereby contributing to improved living standards for people. The business community should proactively seize opportunities, enhance competitiveness, and pursue sustainable development. Building and perfecting institutions and policies; cutting red tape and reducing compliance costs for enterprises. The Prime Minister requests ministries, agencies, local authorities, and enterprises to thoroughly implement the directives of General Secretary To Lâm at the 2nd Central Conference, including the four steadfast orientations on politics and ideology, the four core principles for two-digit growth, and the motto of twenty words: “The State creates the framework, enterprises lead, public-private partnership, the country develops, the people are happy.” The State, as the facilitator, will focus on 11 priority tasks and solutions as follows: 1. Maintain independence, sovereignty, unity, and territorial integrity; ensure political stability, social order, and policy stability. 2. Improve forecasting capability, especially for factors related to enterprises (supply-demand), to help enterprises proactively adapt. 3. Build and perfect institutions, mechanisms, and policies toward openness; reduce procedures and compliance costs for enterprises. 4. Focus on developing strategic infrastructure (transportation, telecommunications, electricity, healthcare, education, culture…) to support production and business. 5. Strengthen cooperation among the State, enterprises, and training institutions, with the State taking a leading role and enterprises accompanying. 6. Reform administrative procedures; implement decentralization and delegation tied to supervision; combat corruption, negativity, waste, nuisance, bureaucratic burden, and harassment. Fair, transparent, and public allocation of resources; creating a level playing field 7. Build an advanced, intelligent governance system based on digital transformation. 8. Ensure fair, transparent, and public allocation of resources; create an environment of equal competition among enterprises, selecting implementers on the basis of efficiency. 9. Proactively assign tasks and support enterprises during implementation. 10. Listen to business opinions with sincerity and humility; promptly share results, accompany with concrete actions, solutions, and practical products. 11. Strengthen coordination between the State and enterprises so that a thriving enterprise sector is the foundation for national development; likewise, a stable national environment and reform momentum will enable sustainable enterprise growth. Promote the transformation of household businesses into enterprises; form multinational corporations; boost outward investment. The Prime Minister requests enterprises to be at the forefront with a focus on: enterprises as the center and main actors in achieving two-digit growth; all mechanisms and policies should aim to support enterprise development. At the same time, enterprises should actively participate with the State in creating development, improving infrastructure, and enhancing national governance. Lead in scale and capability; promote transforming household businesses into enterprises, developing small and medium-sized enterprises into large enterprises, expanding large enterprises, forming multinational corporations, and boosting outward investment. Lead in innovation, digital transformation, green transition; participate in labor market reforms; promote circular, creative, and knowledge-based economies. Lead with the State in policy and institutional-building; proactively reflect practical issues so that authorities can timely respond with appropriate solutions and policies that support enterprise development. Lead in outward investment, leveraging Free Trade Agreements (FTAs), diversifying markets, products, and supply chains. Lead in joint ventures and alliances to enhance competitiveness and participate more deeply in regional and global value chains. Public-private collaboration to maximize efficiency in resource mobilization domestically and internationally, between the State and the people, to accelerate rapid and sustainable development. Regarding ‘public-private partnership’, PPPs should be deployed across most fields, especially for mobilizing resources, research, and training; PPPs should unlock efficiency by integrating domestic and international resources and by coordinating between the State and people to spur rapid and sustainable development. On honoring enterprises and entrepreneurs, the Prime Minister notes that the business community has long played a crucial role in economic and social development; contributed to growth, macro stability, inflation control, and major economic balances; actively participated in building and refining an open, inclusive, and comprehensive policy environment. In difficult times over the past five years, the business community has stood with the Party, State, and people, especially in fighting the COVID-19 pandemic; contributed to the Vaccine Fund; helped Vietnam achieve high vaccine coverage; continued operations, safeguarded employment, and contributed to social welfare programs, notably nationwide efforts to eliminate temporary housing and dilapidated housing and the Quang Trung rapid-action program. On behalf of the Party, State, Government, and People, the Prime Minister expressed deep respect and appreciation for the business community’s significant contributions to national construction and defense, especially during times of difficulty and challenges in the past five years. The Prime Minister asks ministries, agencies, and localities to promptly consider and effectively address the recommendations of enterprises, associations, and banks raised at the conference; inform results to the Ministry of Finance for aggregation and monitoring in April 2026; report to competent authorities on issues beyond the authority."