The Politburo’s Resolution No. 68, issued on May 4, 2025, represents a significant policy shift, officially recognizing Vietnam’s private sector—with over 940,000 enterprises and five million household businesses—as the primary driver of the national economy. The resolution emphasizes the importance of enhancing national competitiveness and aligning private sector growth with global integration. However, structural weaknesses in Vietnam’s export-led growth model are becoming evident. A divide persists between foreign-invested firms meeting international standards and domestic businesses limited to local norms. As tariff reductions under FTAs phase out, future trade success will depend on production capabilities and product quality. (ICE HO CHI MINH CITY)

Fonte notizia: The Saigon Times