At the Vietnam Economic Forum (2nd session) with the theme “Private economy: Removing barriers – Assigning responsibilities” organized by Nguoi Lao Dong Newspaper, Mr. Nguyen Quoc Ky, Chairman of the Board of Directors of Vietravel Group – gave an impressive speech, deeply mentioning the systemic “bottlenecks” that are hindering the sustainable development of the private economic sector. At the same time, Mr. Ky called for a new policy approach – flexible, practical and specialized, to help this sector truly take off and play a worthy role in the economy. 
Good policies are not enough, new apparatus is needed for quick implementation
According to Mr. Nguyen Quoc Ky, the prerequisite for the private economy to develop strongly is to look at the problem from both sides: the State and enterprises. “The effectiveness of a policy cannot be measured by documents, but must be measured by the speed and level of penetration into practice,” Mr. Ky emphasized. However, in reality, the implementation of the policy is facing the biggest obstacle, which is an old apparatus, operating in a patchwork style with a cautious mindset.
Although there has been a "quadruple resolution" including Resolutions 68, 57, 59 and 66 - demonstrating reform efforts from the central government, if the implementation apparatus does not change, good policies cannot be put into practice. Mr. Ky has an analogy: "People from 'yesterday' after the reorganization are still sitting there, carrying the old mindset, it is no different from taking an off-road vehicle on an unpaved road, impassable."
Sharing the same view with experts at the forum, the Chairman of the Board of Directors of Vietravel Group also said that it is time to carry out a comprehensive reform. It is not only about reforming the institutions on paper, but also about reforming the enforcement apparatus and the people who run the policies.
It's time to end the "ask - give" mindset and build a capable apparatus to act.
During the dialogue at the forum, Mr. Nguyen Quoc Ky also emphasized the role of restructuring the institutional, legal and human resources apparatus. According to him, policies are only truly effective when they are implemented smoothly, synchronously, and led by people with a truly reformist mindset. From the perspective of a head of a private corporation operating in the tourism sector, Mr. Nguyen Quoc Ky frankly pointed out 06 "fatal" weaknesses that are hindering the private business sector: lack of capital and difficulty accessing finance; limited management capacity; low quality of human resources; lack of innovation; lack of linkages in the value chain; and weakness in understanding and applying the law.
Mr. Ky added that private enterprises are currently operating individually, lacking financial and technological resilience. In addition, many enterprises are not capable of building a modern management apparatus, lack long-term development strategies and have difficulty adapting to a rapidly changing market.
Human resources are also a prominent issue. In the tourism sector - considered a spearhead of the economy, currently more than 80% of the workforce has not received formal training. “We have proposed to establish 06 Vietnam tourism promotion offices abroad, but due to the lack of coordination mechanism, it has not been possible to implement it. If this continues, it will be very difficult for the tourism industry in particular and the private sector in general to ‘go out to sea’,” he shared.
In addition, Mr. Ky also mentioned the complexity and overlap in the current legal system - one of the major barriers that makes private enterprises struggle in the process of compliance and unable to take advantage of existing support policies. “Private enterprises are still walking in anxiety - because if they go out of line without a clear direction, it is easy to go astray. They need a clear, transparent and practice-friendly legal buffer,” he added.
From a policy perspective, Mr. Nguyen Quoc Ky suggested that there should be a digital management system specifically designed for private enterprises, with high flexibility and suitable for each scale of operation. For the field of innovation, he emphasized the need to nurture the spirit of creativity from within the enterprise, rather than relying solely on external support: “We keep asking why Vietnamese product designs are not as fast or beautiful as China’s, but we forget that innovation must start from the culture and thinking within the enterprise.”
From that reality, Mr. Nguyen Quoc Ky proposed a “tailor-made” solution – that is, policies need to be “tailored” to suit each type of business, each scale, and each field. For example, there needs to be a flexible digital management system specifically for private businesses, or a set of governance assessment criteria suitable for the environment of small and medium-sized enterprises in Vietnam.
At the end of his speech, Mr. Nguyen Quoc Ky emphasized: “To give responsibility to the private sector, we must first remove the barriers that are holding them back. And to do that, we need not only policy reform – but also reform of the people who make the policy.”
With the passion of a businessman who rose from the private sector, Mr. Nguyen Quoc Ky brought to the Vietnam Economic Forum a voice that is both critical and constructive. The sharing of the Chairman of the Board of Directors of Vietravel Group not only reflects the current state of the private enterprise sector, but also suggests directions to remove a series of persistent bottlenecks, towards a truly developed private economy, contributing positively and proactively to the country's development process.
VIETRAVEL TOURISM COMPANY
190 Pasteur, Vo Thi Sau Ward, District 3, HCMC
Tel: (028) 3822 8898 - Hotline: 1900 1839
Fanpage: https://www.facebook.com/vietravel
Website: www.travel.com.vn
Good policies are not enough, new apparatus is needed for quick implementation
According to Mr. Nguyen Quoc Ky, the prerequisite for the private economy to develop strongly is to look at the problem from both sides: the State and enterprises. “The effectiveness of a policy cannot be measured by documents, but must be measured by the speed and level of penetration into practice,” Mr. Ky emphasized. However, in reality, the implementation of the policy is facing the biggest obstacle, which is an old apparatus, operating in a patchwork style with a cautious mindset.
Although there has been a "quadruple resolution" including Resolutions 68, 57, 59 and 66 - demonstrating reform efforts from the central government, if the implementation apparatus does not change, good policies cannot be put into practice. Mr. Ky has an analogy: "People from 'yesterday' after the reorganization are still sitting there, carrying the old mindset, it is no different from taking an off-road vehicle on an unpaved road, impassable."
Sharing the same view with experts at the forum, the Chairman of the Board of Directors of Vietravel Group also said that it is time to carry out a comprehensive reform. It is not only about reforming the institutions on paper, but also about reforming the enforcement apparatus and the people who run the policies.
It's time to end the "ask - give" mindset and build a capable apparatus to act.
During the dialogue at the forum, Mr. Nguyen Quoc Ky also emphasized the role of restructuring the institutional, legal and human resources apparatus. According to him, policies are only truly effective when they are implemented smoothly, synchronously, and led by people with a truly reformist mindset. From the perspective of a head of a private corporation operating in the tourism sector, Mr. Nguyen Quoc Ky frankly pointed out 06 "fatal" weaknesses that are hindering the private business sector: lack of capital and difficulty accessing finance; limited management capacity; low quality of human resources; lack of innovation; lack of linkages in the value chain; and weakness in understanding and applying the law.
Mr. Ky added that private enterprises are currently operating individually, lacking financial and technological resilience. In addition, many enterprises are not capable of building a modern management apparatus, lack long-term development strategies and have difficulty adapting to a rapidly changing market.
Human resources are also a prominent issue. In the tourism sector - considered a spearhead of the economy, currently more than 80% of the workforce has not received formal training. “We have proposed to establish 06 Vietnam tourism promotion offices abroad, but due to the lack of coordination mechanism, it has not been possible to implement it. If this continues, it will be very difficult for the tourism industry in particular and the private sector in general to ‘go out to sea’,” he shared.
In addition, Mr. Ky also mentioned the complexity and overlap in the current legal system - one of the major barriers that makes private enterprises struggle in the process of compliance and unable to take advantage of existing support policies. “Private enterprises are still walking in anxiety - because if they go out of line without a clear direction, it is easy to go astray. They need a clear, transparent and practice-friendly legal buffer,” he added.
From a policy perspective, Mr. Nguyen Quoc Ky suggested that there should be a digital management system specifically designed for private enterprises, with high flexibility and suitable for each scale of operation. For the field of innovation, he emphasized the need to nurture the spirit of creativity from within the enterprise, rather than relying solely on external support: “We keep asking why Vietnamese product designs are not as fast or beautiful as China’s, but we forget that innovation must start from the culture and thinking within the enterprise.”
From that reality, Mr. Nguyen Quoc Ky proposed a “tailor-made” solution – that is, policies need to be “tailored” to suit each type of business, each scale, and each field. For example, there needs to be a flexible digital management system specifically for private businesses, or a set of governance assessment criteria suitable for the environment of small and medium-sized enterprises in Vietnam.
At the end of his speech, Mr. Nguyen Quoc Ky emphasized: “To give responsibility to the private sector, we must first remove the barriers that are holding them back. And to do that, we need not only policy reform – but also reform of the people who make the policy.”
With the passion of a businessman who rose from the private sector, Mr. Nguyen Quoc Ky brought to the Vietnam Economic Forum a voice that is both critical and constructive. The sharing of the Chairman of the Board of Directors of Vietravel Group not only reflects the current state of the private enterprise sector, but also suggests directions to remove a series of persistent bottlenecks, towards a truly developed private economy, contributing positively and proactively to the country's development process.
VIETRAVEL TOURISM COMPANY
190 Pasteur, Vo Thi Sau Ward, District 3, HCMC
Tel: (028) 3822 8898 - Hotline: 1900 1839
Fanpage: https://www.facebook.com/vietravel
Website: www.travel.com.vn
Source: https://www.vietravel.com/vn/nhat-ky-vietravel/chu-tich-hdqt-tap-doan-vietravel-ong-nguyen-quoc-ky-doanh-nghiep-tu-nhan-khong-the-cat-canh-neu-van-bay-trong-long-the-che-cu-v17289.aspx
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