Hanoi, May 24 -- The newly-issued Resolution No. 68-NQ/TW of the Politburo on the development of the private economic sector has garnered strong support from experts and the business community, being hailed as a potential turning point in Vietnam's economic situation.

According to National Assembly deputy and economist Phan Duc Hieu, the introduction of Resolution 68, if effectively implemented, could represent the third breakthrough in the evolution of Vietnam's private sector.

He explained the first breakthrough was the formal recognition of the private sector, and the second was the empowerment of private enterprises through administrative reforms, mostly in market entry procedures.

The latest resolution, Hieu noted, marks a qualita...