Hanoi, March 26 -- Prime Minister Pham Minh Chinh has assigned various tasks to ministries, agencies and localities to accelerate the rapid and sustainable growth of small and medium-sized enterprises (SMEs), toward adding at least one million new enterprises by 2030.

Released on March 25, the directive underscored the pivotal role of the private sector, particularly SMEs, which constitute 98% of all active businesses in the country. They are the backbone of Vietnam's economy, contributing over 50% of the GDP, generating 30% of total state budget revenue, and providing more than 40 million jobs, a colossal 82% of the nation's workforce.

To unlock this potential, PM Chinh has outlined a comprehensive plan designed to facilitate the devel...