Vietnam – ASEAN Hydrogen Club is a private-sector initiative that enthusiastically supports Resolution 68-NQ/TW of the Politburo on private economic development. We are committed to aligning with national strategies by advancing innovation, green transition, and clean energy—especially hydrogen as a new growth driver in the Net-Zero era.
Summary of Resolution 68‑NQ/TW about private economic development
1. Current situation
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Vietnam has over 940,000 private enterprises and 5 million household businesses.
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The private sector contributes 50 % of GDP, 30 % of state budget revenue, and employs 82 % of the workforce.
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However, most businesses are small-scale, with limited capital, technology, and integration into global supply chains.
2. Guiding principles
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The private sector is regarded as the most important driving force in a socialist-oriented market economy.
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Remove biases, ensure fair market access, and protect property rights and freedom of business.
3. Goals by 2030
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Reach 2 million private enterprises.
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Private sector to contribute 55–58 % of GDP.
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Labor productivity to grow 8.5–9.5 %/year.
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At least 20 large private firms to join global value chains.
4. Vision to 2045
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Reach 3 million private firms contributing over 60 % of GDP.
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The private sector becomes globally competitive and integrated into strategic global supply networks.
5. Strategic solutions
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Reform policy mindset and implementation mechanisms.
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Improve business environment, reduce administrative barriers.
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Encourage investment in R&D, innovation, and digital transformation.
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Ensure access to finance, land, technology, and high-quality human resources.
Download the whole Resolution at the link (in Vietnamese language): https://baochinhphu.vn/toan-van-nghi-quyet-so-68-nq-tw-ve-phat-trien-kinh-te-tu-nhan-102250505122337909.htm
