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Dr. Le Xuan Nghia, member of the Prime Minister 's Policy Advisory Council; former Vice Chairman of the National Financial Supervision Committee. (Photo: HNV) |
"With the current market situation, the key factor determining the nation's self-reliance and self-reliance is enterprises," said Dr. Nghia.
Sharing with us on the occasion of Vietnam Entrepreneurs Day (October 13, 2025), economic expert Le Xuan Nghia said that in the era of creation, Vietnamese national entrepreneurs must turn their aspirations for prosperity into reality and act for the future of the nation.
In fact, after nearly 40 years of renovation (1986 to present), Vietnam is at a time when "heavenly time, favorable terrain, and harmony of people" converge to enter the stage of realizing the national vision to 2045. Resolution No. 68-NQ/TW on private economic development is a historical turning point, affirming that the private economy is the most important driving force of the economy.
With the current market situation, the key factor determining the nation's self-reliance is enterprises. Dr. Le Xuan Nghia |
According to Dr. Le Xuan Nghia, the central question now is "How can national entrepreneurs become the core force in the cause of self-reliance, self-reliance, industrialization and modernization of the country?".
In response to this question, Dr. Nghia said that the world knows Vietnamese enterprises mainly in the export sector. In fact, our country's goods export in 2024 will reach 400 billion USD, but the FDI sector accounts for 75%. Vietnamese enterprises mainly "export on behalf of others". This situation shows that the Vietnamese economy still has many problems: low added value, dependence on imported raw materials, and lack of core technology.
Therefore, Dr. Nghia emphasized, it is time to seriously learn from experience with 3 specific lessons including:
Firstly, to be self-reliant and self-reliant, Vietnamese enterprises must master technology and develop manufacturing industry with the internal strength of national enterprises.
Second, it is impossible to be strong if we only rely on trade or real estate; we must have pillars of production, manufacturing and technology.
Third, the real estate sector alone needs to: From short-term investment channels to infrastructure platforms for sustainable industrialization and urbanization. Specifically, it is necessary to promote the development of industrial, urban, and technological real estate associated with production and innovation strategies; pay attention to the development of affordable commercial housing.
“Let’s look at the successful lessons of South Korea, Japan, and China in attracting FDI with technological advantages. Meanwhile, Vietnam and Malaysia “opened up the market” and “attracted the maximum” but were still less attractive to large investors because the market was still young and lacked competitive advantages. Therefore, the real strength of the national entrepreneurial team, of a self-reliant and self-reliant nation, comes from the goal of “Building a peacock’s nest”: Gathering talents and creating intellectual strength,” Dr. Le Xuan Nghia commented.
Source: https://huengaynay.vn/kinh-te/de-kien-tao-quoc-gia-hung-cuong-can-co-nhung-doanh-nghiep-hung-cuong-158746.html
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