Talking to Lao Dong Newspaper, Deputy Minister of Finance Nguyen Duc Tam (photo) assessed that after 1 year of implementation, these initial results show that Resolution 68-NQ/TW has gradually entered life, creating momentum for the private economic sector to develop strongly and more proactively, increasing competitiveness for the economy and the nation.
After 1 year since Resolution 68-NQ/TW was issued, how does the Deputy Minister assess the initial results and changes of the private economic sector?
- After 1 year of implementing Resolution 68-NQ/TW of the Politburo, the private economic sector has had clear changes in both scale, quality and development confidence, achieving some encouraging results.
First, immediately after Resolution No. 68 was issued and institutionalized through the Government's Action Program, the atmosphere of starting a business spread strongly, clearly shown in the number of newly registered businesses and business households and returning to operation, which increased sharply. In the first 4 months of 2026, the whole country is estimated to reach nearly 75 thousand newly established businesses, with a total registered capital of more than 730 trillion VND and nearly 400 thousand employees. By the end of May 18, 2026, the whole country had more than 1.062 million operating businesses.
Second, the Vietnamese stock market had a strong recovery after Resolution No. 68 was issued. As of the end of April 2026, the total market capitalization of the entire Vietnamese stock market reached about 10.5 million billion VND, the highest ever.
Third, in the first 4 months of 2026, the total value of import and export of goods reached more than 345 billion USD, an increase of nearly 25% compared to the same period in 2025. In which, the value of taxable export goods reached 61 billion USD, an increase of 24.3% compared to the first 4 months of last year. As a result, the budget collected from import and export activities reached more than 166,300 billion VND, reaching approximately 37% of the estimate and an increase of 16.5%.
Finally, the recovery and growth of production and business of the private economic sector continue to have a positive impact on state budget revenue. Accumulated in the first 4 months of 2026, total state budget revenue is estimated at 1,114 trillion VND, equal to 44% of the estimate and up 15.2% over the same period; of which domestic revenue is estimated at 991 trillion VND, up 17.4%.
Resolution 68 focuses on institutional reform, cutting administrative procedures and shifting from "pre-inspection" to "post-inspection" to create a more favorable business environment for the private economic sector. How does the Deputy Minister assess the implementation results and substantive changes in the past time?
- In the spirit of Resolution 68-NQ, the work of perfecting institutions and laws on investment and business, reducing administrative procedures and improving the business environment continues to be focused on and drastically directed by the Party and State. At the first quarter meeting of 2026, the Central Steering Committee for perfecting institutions and laws gave opinions on major mechanisms and policies to institutionalize the policy of private economic development according to Resolution 68. At the same time, many contents on private economic development have been included in the Document of the XIV Congress, and are specified in the tasks in Conclusion 18-KL/TW of the Central Government and Resolution 109/NQ-CP of the Government.
In mid-May, the Government issued 3 specific Resolutions on delegation of power, cutting and simplifying administrative procedures and business conditions for 11 industries, fields and conditional business lines, including Resolution No. 66.17/2026/NQ-CP, Resolution No. 66.18/2026/NQ-CP and Resolution No. 66.19/2026/NQ-CP. This is a solid legal basis for continuing to promote cutting and simplifying administrative procedures and business conditions in the coming time, thereby reducing compliance costs and creating more convenience for people and businesses. Accordingly, from July 1, 2026, the number of conditional business lines will decrease from 198 to only 142.
In the coming time, what is the approach that needs to be prioritized so that land policies truly become a driving force to support business development, especially for small and medium-sized enterprises (SMEs), Deputy Minister?
- Resolution No. 68-NQ/TW has identified creating favorable conditions for the private economy to access resources in land, capital, and high-quality human resources as one of the groups of important tasks and solutions. In the coming time, the focus must be on making support policies substantive, shifting from a general support approach to specific support, localities need to quickly allocate and reserve land funds for SMEs according to the provisions of Resolution No. 198/2025/QH15, in parallel, it is necessary to build an operating mechanism and have a responsible entity with proper authority.
Decree No. 20/2026/ND-CP dated January 15, 2026 of the Government detailing and guiding the implementation of a number of articles of Resolution No. 198/2025/QH15 has assigned authority to localities to specifically stipulate the list of public assets for lease, criteria, levels of support, forms of support, order, and procedures for leasing for each type of asset according to the provisions of Resolution No. 198/2025/QH15. Localities need to improve proactiveness to implement this regulation, ensuring the exploitation and use of public assets in accordance with the law and effectively.
On the side of the Ministry of Finance, in the process of drafting the Law on Support for SMEs (amended), expected to be submitted to the Government for reporting to the National Assembly at the 2nd Session in October 2026, we will continue to study and improve policies to support land access, production and business premises in the direction of more clearly stipulating the responsibilities of localities, the mechanism for publicizing land funds, support methods and priority groups.
- Thank you, Deputy Minister!
