Deputy Prime Minister Pham Thi Thanh Tra has signed Decision No. 463/QD-TTg issuing a nationwide emulation plan aimed at accelerating private sector development while improving the performance and efficiency of state-owned enterprises (SOEs).

VietFarm’s aloe vera production line.

The initiative aims to translate Party and State policies on public and private sector development into concrete action toward long-term national development goals.

The plan seeks to renew development thinking, mobilise national resources more effectively, and build collective momentum to overcome challenges, creating favourable conditions for enterprises, particularly private ones, to expand rapidly, sustainably, and efficiently.

SOEs are tasked with playing a pioneering and guiding role in economic restructuring, driving growth, strengthening national competitiveness, and supporting modernisation and deeper international integration.

The Government aims to stimulate innovation and entrepreneurial ambition, encouraging businesses to accelerate digital transformation and green transition, adopt advanced technologies, and enhance science and technology applications.

The initiative is expected to raise labour productivity, optimise resource utilisation, generate employment, increase state budget revenues, strengthen social welfare, and promote sustainable development.

Under the plan, Vietnam targets average GDP growth of at least 10% annually during the 2026–2030 period. Labour productivity is projected to increase by about 8.5% per year, while the digital economy is expected to account for roughly 30% of GDP.

The country aims to have nearly 2 million operating enterprises, equivalent to 20 businesses per 1,000 people, including at least 20 large corporations engaging in global value chains.

The private sector is forecast to expand by 10–12% annually, contributing 55–58% of GDP, generating 35–40% of total state budget revenue, and employing around 84–85% of the workforce.

For SOEs, the plan targets 50 companies ranked among Southeast Asia’s 500 largest enterprises, with one to three entering the global top 500. At least three state-owned commercial banks are expected to join Asia’s top 100 lenders by total assets.

Vietnam also aims to rank among the top three ASEAN countries and top five in Asia in technological capability, innovation capacity, and digital transformation.

A key component of the initiative is the development of a programme supporting 1,000 leading enterprises pioneering innovation, digitalisation, green transition, circular economy models, and the growth of high-tech and emerging industries.

To realise these goals, Government agencies are tasked with shifting from administrative management toward development facilitation and modern governance, while taking decisive action to accompany and support businesses in achieving fast and sustainable growth.

Priority will be given to improving and synchronising the legal framework to ensure transparency and consistency, removing institutional bottlenecks, strengthening decentralisation, and creating a fair and enabling environment for all economic sectors to access and utilise national resources.

The plan also emphasises building an open, stable, secure, and business-friendly environment driven by digital transformation, green transition, smart technologies, and automation to enhance regional and global competitiveness.

Authorities will assist enterprises in accessing land, capital, natural resources, and high-quality human resources, while supporting intellectual property development and the adoption of advanced standards and quality management systems.

Support policies will focus on startups, innovative enterprises, and firms investing in research and development, workforce training, technological application, digital transformation, green transition, technology transfer, and integration into global value and supply chains.

The initiative further promotes industrial cluster development, trade promotion, production and supply cooperation, and public–private partnership (PPP) models, while strengthening linkages among domestic companies and between Vietnamese and foreign-invested enterprises.

It also encourages business households to formalise operations, small firms to scale up, and large enterprises to evolve into global and multinational corporations.

Enterprises are encouraged to enhance operational efficiency through digital transformation, green transition, circular economy practices, and the development of high-tech, automation, artificial intelligence, and emerging technology sectors.

Businesses are expected to integrate science and technology into products and services, reduce costs, increase revenues and profits, and expand distribution networks.

Hanoi Tourism Festival 2026 to promote green travel, digital experiences

The festival will feature nearly 100 booths designed as a multi-experience journey showcasing Hanoi’s culture, technology and sustainable tourism potential.

 

Digital infrastructure lays foundation for transparent, accurate elections

From voter data management and candidate registration to public communications and information disclosure, digital platforms are being applied across key stages of election preparation.

 

Lim Festival spreads heritage across digital space

In mid-January, Bac Ninh comes alive with the festive season. The Lim Festival in the Year of the Horse 2026 has continued to attract large numbers of local residents and visitors from across the country, while also leaving its mark through increasingly civilised and modern organisation, particularly the effective use of digital media to promote and disseminate the values of quan ho heritage.

 

Home affairs sector asked to boost digital transformation to better serve citizens, businesses

The scheme aims to implement comprehensive and synchronised digital transformation across all areas of state management under the sector, from central to local levels, placing citizens and businesses at the centre of service delivery.

 

Harnessing digital transformation, green transition to bolster national strength

Despite slowing global growth and localised downturns in many economies, Vietnam has sustained robust growth, maintained macroeconomic stability, safeguarded key economic balances, recorded rapid gains in per capita income, and further strengthened its international standing.

 

Bac Ninh preserves Quan Ho folk singing through digital transformation and tourism push

BAC NINH – Kinh Bac ward has recently issued a plan to preserve and promote the heritage value of Bac Ninh Quan Ho folk singing, further implementing Vietnam’s commitments to UNESCO in a new context shaped by digital transformation and tourism development.