COMMENTARIES

Grooming New Champions: To Lam Prepares for Private Sector-Led Growth in Vietnam

Nguyen Khac Giang

Resolution 68, issued in May 2025 by the Politburo of the Communist Party of Vietnam, marks one of Vietnam’s most dramatic economic policy shifts since Doi Moi. It elevates the private sector from junior partner to the “most important force” of the economy. However, success hinges on overcoming entrenched interests, managing ideological resistance within the CPV, and ensuring disciplined execution of reforms.