Southeast Asia Information Port News (www.dnyxxg.com) Nearly a year after the implementation of the Politburo Resolution No. 68-NQ/TW on the Development of the Private Sector, numerous support policies have yielded results, and the investment and business environment has continued to improve. During the 2026 shareholders' meeting season, the high-speed rail sector became a focus of private enterprise investment.
Private Enterprises Focus on High-Speed Rail, Strengthening Development Confidence
At the Hoa Phat Group shareholders' meeting at the end of April, shareholders focused on the progress of the VND 10 trillion steel rail and special steel project in the Dung Quoc Industrial Park. Group Chairman Tran Dinh Long revealed that the factory commenced construction at the end of 2025 and is expected to produce its first batch of products in the second quarter of 2027, already supplying steel rails for key projects such as the Hanoi-Quang Ninh high-speed railway.
FPT Group has simultaneously listed railway technology as a core development area, synergizing it with its advantageous businesses such as artificial intelligence and cybersecurity, setting a target of an average annual growth of 15% by 2028. Zhang Jiaping, Chairman of the Board of Directors of the Group, stated that large private enterprises are forming an ecological alliance encompassing "material production - construction - operation technology," balancing domestic project implementation with international market expansion.
Lawyer Pei Wencheng pointed out that the market has become more differentiated since the implementation of the resolution: leading companies are accelerating their entry into major national projects, some companies are facing funding and governance challenges, and others are undergoing restructuring.
Policy Dividends Released, Entrepreneurial Boom Surges
Economic expert Le Duy Binh, CEO of Vietnam Economica, stated that Resolution No. 68 clearly defines the "core driving force" status of the private economy, effectively boosting business confidence and entrepreneurial enthusiasm by removing institutional barriers and creating a transparent environment.
Data shows that in 2025, nearly 297,500 new and resumed operations of enterprises in Vietnam, a year-on-year increase of 27.4%, with newly registered capital reaching 640 trillion VND, an increase of 77.8%; among them, an average of 18,000 new enterprises were registered per month from May to December, and more than 102,000 enterprises resumed operations. The momentum continued into the first quarter of 2026, with over 96,000 new enterprises registered or resuming operations, representing a year-on-year increase of 31.7%.
Pei Yingjun, Director of the Bureau of Private and Collective Economy Development at the Ministry of Finance, stated that the initial results validate the practical value of the resolution, laying a solid foundation for the breakthrough development of the private economy and its subsequent contribution to economic growth. (End)
