The implementation of Resolution 68 has brought a breath of fresh air to the business community in Vietnam. Data from the Ministry of Finance shows a significant surge in the establishment of new businesses and the reactivation of companies throughout 2025 to early 2026. The private sector is now beginning to show its strength, not only in terms of the number of entities, but also through the courage to venture into strategic sectors previously dominated by foreign players.
The achievements of domestic companies such as Vingroup, Hoa Phat, and FPT are clear evidence of this transformation. Through investments in large-scale infrastructure projects—such as sea-crossing roads, urban railway networks, to the semiconductor industry and artificial intelligence—these companies prove that high-level technology can now be mastered by domestic businesses. This step indirectly helps Vietnam integrate deeper into the global supply chain.
Although growth at the large corporate level looks promising, economic observers warn of a wide gap. Economica Vietnam Director Dr. Le Duy Binh highlighted that micro and household businesses are still hampered by high legal compliance costs and unadaptive tax policies. This sector, which absorbs a large amount of employment, is often the most vulnerable to regulatory uncertainty.
Echoing this sentiment, economist Le Xuan Nghia emphasized the importance of making improvements in three crucial areas: institutional system reform, ease of credit access for SMEs, and restructuring the trade balance. According to him, government officials at the grassroots level need to be provided with further training to prevent paralysis in the execution of public projects due to bureaucratic hesitation in decision-making.
The government is expected not to stop at macro policies, but also to be able to formulate solutions that reach the operational level. Simplifying administrative procedures and providing equitable liquidity for small businesses are considered key to ensuring that the benefits of Resolution 68 are felt inclusively. By creating a transparent and secure business environment, the private sector is expected to become the driving force for sustainable economic growth in the future.
