The private economic sector is increasingly affirming its important role in the economy, with more than one million active enterprises accounting for over 96% of all businesses nationwide and providing employment for millions of workers.

As Vietnam enters a new stage of development, supporting the private sector is an important task of the business community in general and the young entrepreneur force in particular.

By 2025, the initiative will deliver technical assistance packages to 300 businesses, of which 10 will receive additional assistance to pilot, implement or scale their innovative Environmental, Social, and Governance (ESG) business concepts.

Vietnam Ministry of Industry and Trade proposed to promulgate the Law on Public-Private Partnership (PPP) allowing the socialized regulation applications to electricity transmission instead of issuing a Resolution explaining the Electricity Law on state monopoly of its transmission.