For a mountainous province facing numerous hurdles, unleashing resources and establishing a favorable landscape for this sector is a pressing necessity that opens new avenues for sustainable advancement and long-term prosperity.

Recent years have seen remarkable progress in the provincial private sector, with the number of enterprises and cooperatives rising steadily across agriculture, trade, and tourism. Currently, the province hosts over 1,500 private enterprises with a total registered capital exceeding VND 38,000 billion, alongside more than 20,630 business households with capital around VND 2,431 billion. This sector now accounts for approximately 35% of the GRDP and employs over 65% of the local workforce, reflecting its deep integration into the provincial economy.

To fuel this momentum, Điện Biên has focused on refining policies toward transparency and ease of access. Administrative reform has been prioritized, particularly in shortening processing times for investors. The spirit of “government accompanying businesses” has become a guiding principle, complemented by policies supporting small and medium enterprises, startups, and access to credit or production space. These efforts have built a foundation of trust, encouraging the business community to invest and expand their operations with confidence.

Despite market and weather fluctuations, the Điện Biên Rubber Joint Stock Company has maintained growth through restructuring and improved governance. The company provides jobs for nearly 1,000 workers, 93% of whom belong to ethnic minority groups, with an average monthly income of VND 6.9 million in 2025. Their investment in a processing plant with a capacity of 5,000 tons per year became operational in December 2025. Nguyễn Ngọc Cẩm, General Director of the company, highlighted that provincial authorities provided every possible convenience regarding land and tax policies, with various departments guiding them through regulatory procedures to meet high-quality standards.

Dialogue remains a constant tool for resolving hurdles quickly. In early February 2026, as fuel and raw material prices surged, the provincial Business Association proposed stabilization measures to mitigate costs for the construction, transport, and agricultural sectors. Under the direction of the provincial People’s Committee, departments like Finance and Industry and Trade took decisive action to address these concerns. Bùi Đức Giang, Chairman of the provincial Business Association, noted that this prompt response has helped businesses adapt flexibly to negative market impacts and stabilize their production.

Following the 15th provincial Party Congress for the 2025-2030 term, several resolutions have been issued to bolster the private sector, notably Resolution No.13-NQ/TU, which sets a vision through 2045. A major milestone was Decision No.180/QĐ-UBND, issued on January 29, 2026, which introduced “Green Lane” mechanisms for 23 administrative procedures, slashing processing times by at least 60%. For example, investor approval now takes only 6 days instead of 17, and environmental impact appraisals have been reduced from 50 days to just 20. Such reforms are crucial for unblocking non-budgetary projects and ensuring a vibrant, competitive private sector that contributes to the province’s rapid and sustainable development.