Resolution 68 determines that the private economy is an important driving force of the national economy. In that spirit, Điện Biên has materialized the resolution through numerous programs and action plans to establish an open, transparent, and equal investment environment, taking enterprises as the service center and accompanying their development. To realize this target, the province focused on untying institutional barriers, administrative procedures, and resource access. Right from the beginning of 2026, the provincial People’s Committee issued a plan to improve the business environment and elevate competitiveness.

A solution generating a distinct imprint is the deployment of the “Green Lane” mechanism for key off-budget investment projects. Under this mechanism, the processing time for administrative procedures is required to be cut by at least 60%, while dossiers are prioritized, channeled, and labeled with identification tags for faster handling. The province announced 23 administrative procedures across multiple fields - including finance, construction, industry and trade, and agriculture and environment - eligible for this mechanism. This stands as a breakthrough in administrative reform, helping enterprises save time and expenses while accelerating the implementation progress of investment projects.

In the field of social housing development, multiple investors have expressed interest and proposed investments across the province. This includes Construction - Trade Corporation No.6 with six projects in Thanh Nưa, Thanh Yên, and Sam Mứn communes and Điện Biên Phủ ward. Concurrently, the social housing project in the Hoàng Văn Thái - Khe Chít residential area, invested in by VCN Investment Joint Stock Company, broke ground on June 19, while a project located south of the Mường Thanh airport pedestrian street urban area was proposed by Tâm Phúc Real Estate Investment Joint Stock Company. These serve as vital steps contributing to realizing the target of developing around 1,500 to 2,000 social housing units across the province by 2030.

The resolution of administrative procedures has been robustly accelerated. The rate of issuing electronic administrative procedure results province-wide reached over 97%, while the utilization and reuse rate of digitized data stood above 98%. Most provincial-level administrative procedures have been executed independently of administrative boundaries, facilitating enterprises to access public services at any time and any place. The satisfaction rate of citizens and enterprises toward the resolution of administrative procedures reached over 99%.

Alongside administrative reform, clearing resources for enterprises has also been prioritized. The province publicized land-use master plans and schemes, accelerated site clearance, adjusted provincial planning to match practical development demands, and constructed a land database to create a clean land fund for attracting investment. These stand as vital solutions contributing to removing one of the largest bottlenecks of the private economic sector, which is accessing land and production or business premises. According to surveys, the rate of small and medium-sized enterprises accessing loans from credit institutions in Điện Biên ranked 7th out of 34 provinces and cities.

These strong institutional movements are swiftly reflected by concrete outcomes. By mid-May 2026, the entire province recorded 145 newly established enterprises with a total registered capital of over VND 858 billion, while 41 enterprises resumed operations, raising the total number of enterprises in the locality to 1,677 units with a total registered capital of nearly VND 39,500 billion. This serves as a testament to an increasingly open, transparent, and effective business investment environment, creating the motivation for the business community to boldly invest and expand production and business.

The appeal of Điện Biên is increasingly affirmed through the confidence and expectations of the business and investor community. The 2026 Investment Promotion Conference of Điện Biên province drew the participation of over 1,000 delegates, including around 700 entrepreneurs representing domestic and international businesses and investors. The province granted investment policy approvals for 12 projects with a total capital of around VND 48,000 billion and signed 22 memorandums of understanding on investment cooperation with a total registered capital of over VND 209,000 billion. These figures reflect the confidence of enterprises in the potential, advantages, and development orientation of the province.

That confidence is being gradually materialized through large-scale projects. Typically, Sun Group deployed the Cable Car Complex combined with Điện Biên Phủ Cultural and Historical Tourism Project in Mường Phăng and Pu Nhi communes with a total investment capital of around VND 2,076 billion. Upon completion, the complex is expected to serve around 15,000 visitors daily. Similarly, the New Urban, Resort, and Sports Services Project in the northwest of Điện Biên Phủ ward, invested in by Green City Development Joint Stock Company (a member of Vingroup), is deployed over an area of around 228 ha with an expected total investment capital of more than VND 23,660 billion and a population scale of around 12,000 people.

The past year also recorded vital steps forward in building an innovation ecosystem. Notably, the province operated the model of the Innovation Common House of Điện Biên province, initially attracting six enterprises to share resources. Through national and provincial scientific and technological tasks, the province supported 12 enterprises in receiving and innovating technological processes, while assisting two enterprises in building and applying measurement assurance programs, contributing to upgrading competitiveness and the capacity to participate in value chains.

In particular, digital transformation is becoming a new growth driver for the private economic sector. Currently, the entire province hosts 45 digital technology enterprises and around 1,000 enterprises applying digital platforms in production and business activities. The rate of small and medium-sized enterprises using digital platforms reached over 84%, while nearly 99% of enterprises execute electronic tax payments, contributing to step-by-step forming a digital economy and sharing economy ecosystem across the province.

Following one year of implementing Resolution No.68, Điện Biên’s business investment environment has witnessed numerous positive transformations. In 2026, the province is expected to reach and exceed the target of newly establishing 250 enterprises, with over 50% of enterprises operating profitably, creating jobs for more than 80% of local workers and contributing over 40% of the GRDP. More importantly, the management mindset has shifted from administrative to developmental facilitation, and from resolving procedures to accompanying enterprises. These reforms in institutions and administrative procedures are creating a solid foundation for the private economy to make breakthroughs, becoming a vital driving force promoting local economic growth.