Vietnam implements policies to support private sector and party members in business

Vietnam is advancing new policies to strengthen its private sector, which is identified as a primary driver of the national economy under Resolution No. 68-NQ/TW. In Quang Ninh, authorities are implementing measures to assist small, micro, and household businesses by addressing barriers related to legal frameworks, capital, land, and management capacity.

To support these smaller entities, Quang Ninh has approved an interdisciplinary legal support program for the 2026-2030 period. This includes providing legal consultancy, digital information via official websites and social media, and distributing educational materials on electronic invoicing and legal policies.

Additionally, the Central Committee of the Party has issued Regulation No. 224-QD/TW, which encourages Party members to engage in legal investment and business activities. This regulation marks a shift toward incentivizing Party members to build legitimate wealth and contribute to the economy through the private sector.