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Resolution 68: Facilitating Private Sector Access to Land and Business Premises
This is one of the tasks and solutions set forth in Resolution 68-NQ/TW in 2025 on the development of the private sector, aiming to facilitate private sector access to resources such as land, capital, and high-quality human resources.
Specifically, it emphasizes promoting digital transformation and facilitating private sector access to land and business premises. Appropriate mechanisms and policies are in place to control land price fluctuations, particularly for land designated for production and business purposes and non-agricultural land, minimizing impacts on the investment, production, and business plans of enterprises.
At the latest by 2025, the national land database must be completed and connected with the National Data Center and relevant databases. Electronic transactions in the land sector are to be implemented; information must be disclosed transparently and proactively to enterprises; procedures for land lease and land use rights certification must be streamlined; and active support must be provided in site clearance.
- Local authorities are allowed to use local budgets to support investors in developing industrial parks, industrial clusters, and technology incubators, on the condition that investors allocate a portion of the invested land fund for high-tech enterprises, small and medium enterprises (SMEs), and innovative startups to lease.
Local authorities, based on actual circumstances, must determine land allocation for each industrial park and industrial cluster, ensuring a minimum average of 20 hectares per park/cluster or 5% of the total infrastructure-invested land fund for the aforementioned enterprises. The State shall apply a policy to reduce at least 30% of land lease fees for these subjects during the first five years from the date of signing the land lease contract.
The reduced land lease fees will be reimbursed to the investor through deductions from land lease payments that the investor is obliged to pay according to the law; policies will also support infrastructure including clean land, electricity, water, transportation, telecommunications, and administrative procedures for high-tech enterprises, SMEs, supporting industrial enterprises, and innovative startups.
- Focus will be placed on removing difficulties and obstacles for projects with procedural delays; exploiting wasted land resources, public land, unused office premises, and land involved in prolonged disputes or lawsuits.
Policies will also support SMEs, supporting industrial enterprises, and innovative enterprises to lease unused or public land that is not in use locally.
Accordingly, Resolution 68 stipulates the task of promoting digital transformation, facilitating private sector access to land and business premises, and implementing suitable mechanisms and policies to control land price fluctuations, especially for land designated for production and business purposes, minimizing impacts on enterprises’ investment, production, and business plans.
Resolution 68 also specifies that by 2025 at the latest, the national land database must be completed and connected with the National Data Center and relevant databases.
Simultaneously, electronic transactions in the land sector must be implemented; information must be disclosed transparently and proactively to enterprises; procedures for land lease and land use rights certification must be minimized in time; and active support must be provided in site clearance.
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Target by 2030: Average growth rate of the private sector to reach approximately 10–12% per year
According to Resolution 68-NQ/TW in 2025, the Central Committee has set the following targets for private sector development by 2030:
- The private sector is the most important driving force of the national economy; it is the pioneering force in scientific and technological development, innovation, and digital transformation, contributing to the successful implementation of the objectives of Resolution 57-NQ/TW dated 22/12/2024 of the Politburo and other policies and guidelines of the Party.
- Strive to have 2 million enterprises operating in the economy, with 20 enterprises per thousand population. At least 20 large enterprises should participate in global value chains.
- The average growth rate of the private sector is targeted at approximately 10–12% per year, higher than the overall economic growth rate; contributing about 55–58% of GDP, around 35–40% of total state budget revenue, and providing employment for approximately 84–85% of the total labor force; labor productivity is expected to increase by an average of 8.5–9.5% per year.
- Technological capacity, innovation, and digital transformation are expected to be among the top three in ASEAN and among the top five in the Asia region.
Accordingly, based on the above content, the Central Committee has set the target for the average growth rate of the private sector to reach approximately 10–12% per year, higher than the overall economic growth rate; contributing about 55–58% of GDP and providing employment for approximately 84–85% of the total labor force.
