by Dr Sven David
Why Your Business Can’t Afford to Miss a Step.
Management Summary:
Vietnam is poised on the cups of an unprecedented economic transformation, orchestrating a complex yet exhilarating “Dragon’s Dance” towards sustained prosperity. This strategic pivot is now firmly anchored by Politburo Resolution No. 68-NQ/TW, issued on May 4, 2025. Under the visionary and resolute leadership of General Secretary To Lam, this landmark resolution outlines a comprehensive agenda of reforms, explicitly designed to fundamentally diversify its economic foundations, elevate its position in global value chains, and robustly empower its dynamic private sector. Resolution 68 promises an exceptionally fertile ground for both domestic and international enterprises. However, effectively capitalizing on these opportunities—and truly mastering this intricate dance—demands a nuanced understanding of an evolving landscape. This includes navigating reforms in capital access, the imperative for advanced talent development, and adeptly managing intricate regulatory shifts, all driven by the spirit of Resolution 68. VIET Transformation Advisors offers unparalleled expertise to seamlessly guide your organization through each pivotal step of this transformative epoch. By integrating our profound market insights, regulatory acumen, and strategic guidance directly into your operational considerations, we enable you to not only capitalize on emerging opportunities but also proactively address potential challenges, thus fostering sustainable success and making a significant contribution to Vietnam’s vibrant future.
Vietnam’s Pivotal Juncture: Resolution 68 as the Blueprint for a “Second Miracle”
Vietnam’s journey over the past five decades has been nothing short of extraordinary. From a nation rebuilding after profound conflict, it has soared to become a dynamic economic force in Southeast Asia, marked by impressive growth and dramatic poverty reduction. The “Doi Moi” (Renovation) policy, introduced in 1986, fundamentally reshaped its economy by legalizing private enterprise and embracing market mechanisms. Today, Vietnam is a vital manufacturing hub for global giants, with exports surging to $385 billion annually, showcasing its deep integration into the global economy.
Yet, despite this success, General Secretary To Lam, Vietnam’s new leader, recognizes the urgent need for deeper systemic change. He asserts that the current export-oriented growth model is reaching its limits, and radical reforms are essential to avoid a “middle-income trap”—a scenario where the nation becomes too expensive for basic manufacturing without the technological sophistication for higher-value activities. His vision calls for a “revolution” to “liberate all productive forces,” and this ambition is now powerfully crystallized in Politburo Resolution No. 68-NQ/TW, issued on May 4, 2025. This landmark resolution serves as the most comprehensive and critical governmental blueprint to date, setting clear directions for Vietnam’s economy to achieve what some term a “second miracle.” It signals a decisive shift in national strategy, with profound implications for every enterprise operating within Vietnam.