Vietnam Prime Minister outlines plan to clear bottlenecks and boost corporate growth

The Government Office released the Prime Minister's conclusions at a conference with permanent Cabinet members and the business community, calling for measures to clear bottlenecks and unlock resources for growth. Vietnam now has more than one million active enterprises, whose assets total over 30 quadrillion VND (about $1.14 trillion) and account for over 60 % of GDP and 55 % of state budget revenue, employing 17.6 million workers.

The PM highlighted persistent challenges: state‑owned enterprises lag in efficiency and investment, private firms are mostly small‑ and medium‑sized and face capital, governance and technology constraints, and foreign‑invested companies have limited links with local firms. The business climate is described as hampered by overlapping regulations and weak enforcement. He stressed the need for a transparent, stable, and open environment that guarantees equal resource access, protects business freedom, and promotes innovation, digital transformation, green transition, and competitiveness.

Relevant ministries and local authorities were directed to refine the institutional framework and accelerate reforms. Agencies were tasked with finalising key draft laws—including amendments to the Penal Code, the Investment Law and the Customs Law—for submission to the National Assembly in its 2026 session.