Following the presentation of key tenets from Resolution 68, Prime Minister Phạm Minh Chính solicited feedback from attendees. Responding to the Prime Minister’s invitation, Mr. Vũ Văn Tiền, Chairman of Geleximco Group, initiated the dialogue amidst applause. Mr. Tiền lauded Resolution 68, emphasizing the strategic paradigm shift in recognizing “the private sector as a paramount driver of the national economy.” He characterized this as a comprehensive revolution that liberates the private sector, comparable to a “rain after a long drought,” alleviating long-standing constraints that have hindered private enterprises. Mr. Tiền proposed the establishment of an oversight body to evaluate compliance with the Resolution across various ministries, agencies, and localities, while also serving as a conduit for feedback from citizens and businesses.

In response, Prime Minister Chính affirmed that Resolution 68, along with National Assembly Resolution 198/2025/QH15 on specific mechanisms and policies for private sector development, and the Government’s action plans, delineate precise responsibilities for implementation. He emphasized the importance of continuous review and refinement, building upon past successes and addressing shortcomings. The Prime Minister highlighted a key provision of Resolution 68 that shifts from mandatory bidding to direct commissioning and procurement from private enterprises. He urged businesses to uphold commitments and deliver tangible, measurable results, while also holding state agencies accountable. Furthermore, he tasked the Ministry of Justice with developing a digital legal portal to facilitate access to relevant policies and regulations for businesses, enabling them to contribute to policy formulation and report implementation challenges, thereby reducing transaction costs and bureaucratic hurdles.

Mr. Vương Quốc Toàn, Chairman of Lan Hưng Real Estate Group, a developer specializing in social housing, expressed his appreciation for the government’s focus on private sector growth. He raised concerns regarding access to land and capital for small and medium-sized enterprises (SMEs), noting the limited availability of smaller industrial land plots. He proposed the establishment of industrial zones with smaller, readily available parcels (1,000-5,000 m2) for SMEs.

Prime Minister Chính responded by referencing Resolution 68’s provision to allocate a minimum of 20 hectares per industrial park or 5% of invested infrastructure land for high-tech, SME, and innovative startups. He also highlighted efforts to diversify funding sources, prioritizing commercial credit for private enterprises, particularly SMEs, supporting industries, and innovative startups. The Prime Minister assured attendees that forthcoming decrees and circulars from the Government and the State Bank of Vietnam, respectively, would provide further clarity on land access and financing. He emphasized the government’s commitment to these objectives and the ongoing adaptation of implementation strategies to evolving conditions. The Prime Minister encouraged continued feedback and proposals from businesses for thorough resolution.

[Source: Vneconomy, 14:34 18/05/2025, Vy Vy]

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Source: VNECONOMY
This article has been adapted from its original source.