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Resolution No. 68-NQ/TW

Resolution No. 68-NQ/TW

The Politburo regarding private sector development 
On May 4, 2025, the Politburo issued Resolution No. 68-NQ/TW on private sector development, defining the private economy as one of the most important driving forces of the national economy. The Resolution sets the goal of creating a major breakthrough for the private economic sector, contributing to building an independent, autonomous, self-reliant economy with effective international integration, and realizing the goal of elevating Vietnam into a developed, high-income country by 2045.
Read the full text of Resolution No. 68-NQ/TWarrow_forward
The private economic sector has steadily grown, affirming its vital role in mobilizing social resources for development investment, creating jobs, driving economic growth, and improving labor productivity as well as national competitiveness. Stemming from national development requirements in the new era, on May 4, 2025, the Politburo issued Resolution No. 68-NQ/TW on private sector development. 
Resolution No. 68-NQ/TW

The Resolution defines private economic development as an objective requirement, a strategic choice, and an urgent task to maximize the potential and creativity of the private economic sector, unleash development resources, and contribute to building an independent, autonomous, self-reliant economy with effective international integration. Concurrently, the Resolution affirms that the private economy is one of the most important driving forces of the national economy.

Content

To implement Resolution No. 68-NQ/TW, the Government promulgated Resolution No. 138/NQ-CP dated May 16, 2025, on the Action Program to implement the Resolution, assigning specific tasks to ministries, sectors, and localities to fully institutionalize the set viewpoints, goals, tasks, and solutions, while requiring the formulation of action plans tailored to practical conditions to create a strong transformation in the development of the private economic sector.

On that basis, many localities have actively developed implementation plans, in which Ho Chi Minh City stands out as one of the localities in concretizing the Central Government's orientations through programs and solutions to promote enterprise development and improve the investment and business environment.

Ho Chi Minh City Realizes the Spirit of Resolution 68 Through Key Projects

Implementing Resolution No. 68-NQ/TW of the Politburo, Resolution No. 138/NQ-CP of the Government, and Action Program No. 02-CTrHĐ/TU of the Ho Chi Minh City Party Committee, the People's Committee of Ho Chi Minh City issued Decision No. 2205/QĐ-UBND dated October 20, 2025, on the Implementation Plan for Resolution No. 68-NQ/TW within the city.

The Plan identifies core goals, tasks, and solutions to concretize the Central Government's guidelines on private economic development, while assigning responsibilities to departments, boards, sectors, and localities for implementation, ensuring synchronous, effective deployment tailored to the practical conditions of Ho Chi Minh City.

To concretize the orientations of Resolution No. 68-NQ/TW on private economic development, on July 1, 2026, Ho Chi Minh City simultaneously commenced key works and projects with a total investment capital of over VND 253 trillion, mobilized from public investment, public-private partnerships (PPP), and corporate capital. The projects span multiple fields including transportation, seaports, logistics, and cultural spaces, contributing to generating new growth engines for the City and the Southern Key Economic Region.

  • Ben Nha Rong - Khanh Hoi Cultural Park and Ben Bach Dang Public Greenery

This is a key project commenced by Ho Chi Minh City on the occasion of the 50th Anniversary of the City being honored to bear the name of President Ho Chi Minh. The project spans an area of approximately 73.3 hectares with a total investment value of VND 29,317 billion, developed under the public-private partnership (PPP) model. The project consists of components including the Ben Nha Rong - Khanh Hoi Cultural Park, Ben Bach Dang Public Greenery, and the refurbishment and upgrading of Nguyen Tat Thanh Street, contributing to refurbishing the Saigon riverfront space and promoting the historical and cultural values of the Ben Nha Rong area.

Perspective of the Ben Nha Rong - Khanh Hoi Cultural Park and Ben Bach Dang Public Greenery Project

  • Ho Tram Urban Expressway - Long Thành International Airport

The Ho Tram Urban Expressway - Long Thanh International Airport is one of the eight key projects simultaneously commenced by Ho Chi Minh City. The project spans approximately 42 kilometers, featuring a scale of 6 lanes alongside parallel roads on both sides, with a total investment capital of nearly VND 47 trillion, deployed under the PPP model during the 2026-2029 period. The expressway is expected to directly connect Long Thanh Airport with the Ho Tram tourism center, opening up new development opportunities for the eastern area of the city.

  • Can Gio - Vung Tau Sea-Crossing Bridge

The Can Gio - Vung Tau Sea-Crossing Bridge is one of the large-scale infrastructure projects commenced by Ho Chi Minh City in this phase. According to the Government Electronic Newspaper, the project has a total investment value of approximately VND 93 trillion, executed under the public-private partnership (PPP) model. This is one of the eight key works and projects simultaneously commenced to concretize the City's strategic infrastructure development orientations in the new era.

Perspective of the Can Gio - Vung Tau Sea-Crossing Project

  • Cai Mep Ha General and Container Port (Phase 1)

In the field of seaports and logistics, the City is deploying Phase 1 of the Cai Mep Ha General and Container Port with a total investment value of over VND 50.8 trillion. The project spans an area of more than 351 hectares, of which the container port area accounts for approximately 229 hectares, including around 121 hectares of sea reclamation. The berth system extends approximately 7.5 kilometers, capable of accommodating container vessels up to 250,000 DWT, with a design capacity of 10.8 million TEUs per year. According to the plan, Phase 1 is expected to be put into operation by the end of 2028, with the entire project slated for completion by 2045.

  • Binh Tien Bridge and Road

The Binh Tien Bridge and Road is one of the key transportation projects to perfect the City's urban transport infrastructure system. The project is implemented on the section from Pham Van Chi Street to Nguyen Van Linh Boulevard, with a total investment capital of approximately VND 6 trillion, a length of around 3.2 kilometers, and a scale of 4 to 6 lanes crossing the Tau Hu and Doi canals.

Alongside these large-scale projects, several regional connectivity transport projects were also simultaneously commenced, including the Ho Chi Minh City - Moc Bai Expressway (Phase 1), the intersection connecting the Ben Luc - Long Thanh Expressway with Rung Sac Street, and the intersection connecting the Ben Luc - Long Thanh Expressway with National Highway 50. Deployed in the same ground-breaking wave on July 1, 2026, these projects contribute to reinforcing the City's key transport infrastructure network. Concurrently with the key infrastructure projects, 4 social housing projects were commenced in June 2026, demonstrating Ho Chi Minh City's determination to develop synchronous infrastructure coupled with elevating social welfare quality, aiming toward rapid and sustainable development goals.

The deployment of key projects not only contributes to perfecting the infrastructure system and expanding the development space of Ho Chi Minh City but also demonstrates concrete efforts to realize the tasks and solutions of Resolution No. 68-NQ/TW on private economic development.  By mobilising private capital, expanding public-private partnerships (PPP) and accelerating strategic investments, the City is creating a more competitive investment environment and unlocking new drivers of long-term economic growth.

Under the theme “City Diplomacy: A Driving Force for Innovation and Sustainable Development,” FD 2026 will serve as a premier platform connecting localities, international organizations, enterprises, experts, and domestic and foreign partners to exchange experiences, share initiatives, and promote cooperation across development fields.

FD 2026 – Connecting Dialogue, Promoting Cooperation for Innovation and Sustainable Growth
Through dialogue and networking activities, the Forum contributes to expanding Ho Chi Minh City's international cooperative relations, enabling localities and enterprises to access knowledge, technology, governance experience, and new collaborative opportunities in alignment with the development orientations set forth by Resolution No. 68-NQ/TW.
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