Vietnam’s private sector contributes over 50% of GDP, yet legal barriers hinder expansion. Experts urge reforms to unlock business potential.

Vietnamese entrepreneurs face mounting regulatory challenges, with complex licensing requirements stifling business growth. Experts call for urgent reforms to improve Vietnam’s investment climate.

Local governments in VN are altering their GRDP growth goals to meet or exceed a target set by the central Government aimed at driving an economic breakthrough this year.

Vietnam is now at a “golden opportunity” to accelerate the development of its AI and semiconductor sectors, positioning itself as a key player in the global production and supply chain for cutting-edge technologies.

Despite economic expansion, Vietnam’s private businesses remain small globally. What challenges do they face?

Vietnam's economy remains strong despite potential US tariffs and global trade tensions, supported by steady FDI inflows, policy stability, and adaptability.

Prime Minister Pham Minh Chinh urges stronger trade and investment cooperation with major partners, including the U.S., China, and Europe, while ensuring balanced trade policies and economic resilience.

A national steering committee for building a private economic development project will be established with Prime Minister Pham Minh Chinh as its head.

The consumer price index (CPI) in the two months increased 3.27% compared to the same period last year. State budget revenue reached 25.4% of the annual estimate, up 25.7%.

Leaders of state-owned enterprises (SOEs), which have proposed numerous solutions and targets to help obtain the targeted GDP growth rate of 8 percent, say they want greater autonomy in their business operations.

In its latest macroeconomic update about Vietnam, Standard Chartered Bank forecasts a rise in inflation in the near term.

Vietnam’s 5.2 million family-run businesses contribute nearly a quarter of GDP and 39 percent of jobs. Yet, they remain largely overlooked by economic policies.

Vietnam’s state-owned enterprises propose increased decision-making power and regulatory reforms to enhance efficiency, accelerate investment, and achieve the government’s 8% GDP growth target by 2025.

PM Pham Minh Chinh has called on state-owned enterprises to drive Vietnam’s economic expansion, urging them to embrace innovation, enhance efficiency, and contribute to sustainable national development.

The Vietnamese government is demonstrating a high determination in promoting public investment, focusing on numerous strategic infrastructure projects that connect economic centres.

Domestic businesses are advised to closely monitor market fluctuations and the political and social factors that influence trade, enabling timely and effective responses.

Standard Chartered Bank, projects strong Vietnam GDP growth of 6.7 per cent in 2025 (7.5 per cent in H1 and 6.1 per cent in H2), driven by continued business expansion in 2025 and beyond, with foreign investment playing a key role in driving growth.

To meet the ambitious economic growth target of 8 per cent or more in 2025, experts emphasise the need to reduce business regulations and eliminate procedural barriers that hinder operations.

The Vietnamese government is prioritizing private sector development as the key driver of economic growth. With over 50% of GDP contribution and 80% of employment creation, private enterprises are essential for Vietnam’s long-term prosperity.

The financial and monetary policies in recent times have been adjusted flexibly to support and stimulate consumption, and stabilise prices.