09/12/2025
Promoting private economic development
In recent years, the private sector has become a key driver of Hai Phong’s economy. To meeting new development requirements, the Politburo’s Resolution No. 68 on private economic development has created strong momentum. The city has synchronously implemented a wide range of solutions to ensure sustainable, healthy and breakthrough growth of the private sector.
In recent years, the private economic sector has accounted for a large proportion of the city's GRDP, provided more jobs for workers and promoted innovation and international integration. During the past term, on average, over 3,380 new enterprises were established each year, the private economy. The private sector accounts for 86.3% of the investment in the area. The Resolution No.68 also clearly stated that it is necessary to ensure that the private economy competes equally with other economic sectors in accessing business opportunities and economic resources, especially capital, land, technology, human resources, data and other legal resources of the country according to the provisions of law.
With high political determination and the support of the entire political system and the business community, Hai Phong is gradually realizing the goal of Resolution No. 68 of the Politburo of building a strong private economic sector, becoming an important driving force for the Port City to make a breakthrough in the new period.