HCMC – The Government has ordered the prompt finalization of a draft resolution on special policies to boost private sector development, in line with the Politburo’s Resolution 68, for submission at the National Assembly’s ongoing ninth sitting.
Prime Minister Pham Minh Chinh on May 7 chaired a meeting on a draft resolution outlining special policies to boost private sector development as defined by Resolution 68.
According to the Ministry of Finance, the tasks and solutions under Resolution 68 should be categorized into three groups.
The first group includes urgent tasks that have not yet been institutionalized and are not covered by existing laws submitted to the NA’s ninth sitting. The ministry proposed drafting a resolution featuring 10 special mechanisms and policies.
The second group covers tasks that require immediate institutionalization and are included in draft laws submitted to the NA’s sitting. This group comprises eight mechanisms and policies proposed for inclusion in the draft legislation.
The third group consists of long-term, non-urgent tasks, which the ministry suggested incorporating into the Government’s action program for phased implementation.
Concluding the meeting, PM Chinh urged relevant agencies to swiftly translate Resolution 68 into concrete and institutionalized policies.
He asked for the draft resolution to be submitted to the legislature during its current sitting, and stressed the need for a realistic and workable approach due to limited time and complex demands.
The Government leader urged a review of content to focus on what businesses and citizens need most—prioritizing urgent, practical measures that require minimal resources but can deliver strong impacts, boost production, and support business growth.
With a target of two million businesses by 2030, he called for faster, simpler, and low-cost administrative procedures, especially in business registration, dispute resolution, and bankruptcy.
He also underscored the need for policies that encourage household businesses to formalize into companies, help small firms grow, protect property and business rights, promote public-private partnerships, and enhance decentralization with proper oversight.
