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The program, presented by Nguyễn Bích Lâm, former General Director of the General Statistics Office, discusses how to advance private-sector development in line with Resolution 68-NQ/TW. To reach the target of 2 million enterprises by 2030 and raise the private sector’s contribution to GDP to around 55–58%, Vietnam must implement a comprehensive reform of the institutional framework that is uniform, synchronized, and consistent.
Over the past decade, the private sector has grown slowly. The enterprise base is mainly made up of small and micro enterprises, and the current structure is not fully aligned with development needs or global value-chain integration. As of 31 December 2025, service-sector enterprises accounted for about 69.15% of all active enterprises, but competitiveness remains limited.
The private sector’s share of GDP has hovered around 50% in recent years, with little transformative progress. The article argues that the bottleneck of the private economy is not a lack of resources, but the quality of the institutional framework.
Achieving the goal of 2 million enterprises by 2030 requires improving the business environment. This involves not only facilitating market entry, but also enabling sustainable growth, expansion, and fair competition without procedural barriers. The reform, the article notes, must go beyond cutting business conditions or simplifying administrative procedures; it must revamp the underlying operating framework of the market economy so enterprises can invest, develop, and scale with confidence.
The text emphasizes that the reform program should be comprehensive, synchronized, and coherent—rather than a collection of isolated policies. It highlights the state’s role as an enabler: creating a transparent and fair playing field, focusing state involvement on essential areas, and letting the market operate efficiently.
It also outlines three critical transformations:
The article links the institutional reform agenda to the broader objective of a robust private sector by 2030, including raising the private sector’s GDP contribution to 55–58% and improving participation in global value chains.
The piece concludes with a call for bold, systemic reform to ensure the private sector can contribute 55–58% of GDP and participate effectively in global value chains by 2030. It frames this as a broad, systemic transition in economic governance rather than a one-off reform.
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