The resolution of the 14th National Congress of the Communist Party of Việt Nam (CPV) not only sets out overarching orientations but also establishes clear requirements for improving institutions and policies to encourage the healthy development of the private sector.
Prime Minister Phạm Minh Chính on Friday called for swift and concrete action to accelerate private sector development and turn it into the most important growth engine of the national economy.
A central focus of the congress is the continued concretisation of Resolution No.68-NQ/TW, reaffirming the Party’s resolve to dismantle institutional barriers and a breakthrough for the private sector, positioning it as the most important driving force of the national economy.
New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
Việt Nam’s economy grew an estimated 8.02 per cent in 2025, among the fastest rates globally, with manufacturing remaining the main driver and public finances kept within statutory limits, the Government said.
Last year, the sector contributed more than VNĐ1.44 quadrillion to gross domestic product, an increase of 35 per cent year on year and about 40 per cent above the yearly goal, underscoring its growing role as a driver of economic growth, the...
Artificial intelligence is opening up a fundamentally new operating model for manufacturing enterprises, according to the Investment and Trade Promotion Centre of HCM City.
Offshore wind projects include developments in the South Central offshore zone and an export-oriented wind-power project supplying Singapore and Malaysia.
With exports projected to reach $70 billion by the end of 2025, the year is set to be a breakthrough for the sector, highlighting its impressive progress driven by improved quality, standardisation and sci-tech application.
In its ''Vietnam 2026 Consumer Outlook,'' BMI forecast that real household spending will expand 7.2 per cent year-on-year to reach VNĐ3,952 trillion (US$152 billion) at constant 2010 prices.
Việt Nam has a limited number of credentialed actuaries, far fewer than what’s needed to sustain the next decade of expansion for the country’s insurance sector, experts said.
To maintain a stable supply of livestock and poultry for the last months of 2025, the livestock sector and localities need to tighten quarantines and provide guidance on safe herd restoration, said Deputy Minister of Agriculture and Environment Phùng Đức Tiến.
Experts observe that administrative mergers have opened new avenues for expansion, with many F&B chains shifting focus from central urban areas to satellite cities. This shift, combined with diverse store formats, enables brands to broaden market coverage and better engage...