Together with the city, we strive for development.

These days, veteran-owned businesses in Ho Chi Minh City are not only dedicated to showing gratitude and doing charity work, but are also busy with production and business plans for the second quarter of 2026.

The Ho Chi Minh City Veterans Association of the Vietnam People's Army raises money to support people affected by natural disasters, storms, and floods.

They consider it their responsibility and duty to pay tribute to the families of martyrs, wounded soldiers, comrades, and fellow soldiers on the anniversary of the Liberation of the South, the reunification of the country, and the birthday of President Ho Chi Minh. That's why, on several occasions when I contacted Labor Hero Nguyen Dinh Truong - Chairman of the Ho Chi Minh City Veterans' Association and its vice-chairmen for interviews, I always received the same answer: "If you want to go with us to Cu Chi, Dat Do, or Bau Bang to give gifts to families of policy beneficiaries, then come along."

The tradition of war veterans operating on the economic front in Ho Chi Minh City is encapsulated in eight words: "Exemplary - Cooperation - Development - Solidarity." They always strictly abide by the law in production and business, maintain close ties among war veteran enterprises, are determined to overcome difficulties and challenges to develop, and live up to their bonds of loyalty to comrades, fellow soldiers, and citizens. After the First Congress of the Ho Chi Minh City War Veteran Enterprises Association, Chairman Nguyen Dinh Truong confided to me: "Ho Chi Minh City is currently a megacity with enormous socio-economic development projects. This forces businesses to innovate to adapt to the city's rapid development, and war veteran enterprises are no exception. To survive and thrive, we must seize opportunities and boldly apply technology to develop production and business..."

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Over the past five years, many veteran-owned businesses in Ho Chi Minh City have achieved stable production and sustainable development, affirming their position both domestically and internationally. Businesses with thousands of employees or more have boldly applied modern science and technology combined with advanced management practices, creating high competitiveness in the domestic market and in Southeast Asia, Northeast Asia, Europe, and America. Veteran-owned businesses not only contribute to the overall development of the city, creating jobs for workers, especially veterans and their children, but also represent a source of pride for the city. Examples include Viet Thinh Garment Joint Stock Company, ACT Telecommunications Joint Stock Company, Nam Sung Aluminum Company Limited, Tam Nong Vietnam Company Limited, 3H Investment Joint Stock Company, Yersin Multi-Specialty Clinic, Hai Phuong Joint Stock Company, Huong Sen Hotel, Saigon Transport Group Joint Stock Company, An Ha Construction and Trading Services Company Limited, and Long Duong Group Joint Stock Company...

I've had many opportunities to visit ACT Telecommunications Joint Stock Company. This company is chaired by Colonel Tran Ngoc Thieu, a veteran and Vice Chairman of the Ho Chi Minh City Veterans' Business Association. ACT has made many technological breakthroughs in the construction and maintenance of telecommunications infrastructure in Ho Chi Minh City and several other provinces and cities nationwide. Currently, in addition to projects on the mainland, the company is undertaking a project to ensure telecommunications services for the APEC week in November 2027 in Phu Quoc Special Economic Zone. Colonel Tran Ngoc Thieu stated: “This is an honor, but also a particularly important task that we must dedicate ourselves to. In recent months, the company's skilled engineers and workers have been utilizing every moment to work, determined to complete the project ahead of schedule.”

Veteran-owned businesses in Ho Chi Minh City operate in diverse sectors and offer a wide range of services, thus constantly facing the impacts of domestic, regional, and global situations. For example, the current conflict in the Middle East has led to unpredictable fluctuations in oil prices, resulting in higher raw material and logistics costs, forcing veteran-owned businesses to adapt. In response to this situation, the leadership of the Ho Chi Minh City Veteran-Owned Enterprises Association has engaged with groups of businesses with similar production and business activities to support each other in terms of raw materials and services. For instance, textile, food, and construction material businesses will utilize transportation services from Saigon Transport Group and International Transport and Trade Corporation (ITC). As the Vice Chairman of the Ho Chi Minh City Veteran-Owned Enterprises Association, Ngo Van Luc, put it: "This demonstrates the solidarity of fellow businesses during difficult times." This sharing not only helps businesses ensure stability in production and operations, but also vividly demonstrates responsibility towards fellow businesses within the CCB (Communist Party of Vietnam) system.

During the 2025-2030 term, the Ho Chi Minh City Association of Veteran Enterprises sets the following goals: Total revenue to increase by 0.6-10% per year; contributions to the state budget to increase by 0.5%; creating jobs for over 20,000 workers; average worker salary exceeding 10 million VND/person/month; and no outstanding tax debts to the state. After the merger, Ho Chi Minh City is not simply expanding its administrative boundaries, but a strategic step towards forming an integrated megacity with comprehensive economic capabilities, aiming to become Vietnam's global city in Southeast Asia. The former Ho Chi Minh City will be the financial and service center, the former Binh Duong will be the industrial center, and the former Ba Ria - Vung Tau will focus on marine economy and tourism. With this trend, veteran enterprises need to have appropriate and effective investment and business development strategies. It is crucial to develop businesses according to the goals of "Green - Advanced Technology - Comprehensive Cooperation"; to promote digital transformation and apply science and technology in production and business, ensuring suitability and stability in the digital economy. Only then can the enterprises of war veterans stand firm and develop, making a positive contribution to the development of Ho Chi Minh City and the whole country.

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Source: https://cuuchienbinh.vn/cung-thanh-pho-vuon-minh-phat-trien-d42775.html