Private enterprises join hands with the State for the aspiration of a strong Vietnam

(Chinhphu.vn) - The Vietnam Private Economic Forum 2025 took place in Hanoi with the participation of nearly 1,000 delegates, chaired by Government leaders, listening to many opinions and suggestions from businesses that were gathered, reflecting the challenges and aspirations for sustainable development.

Vietnam Private Economic Forum 2025 attracts the attention of many businessmen - Photo: VGP/Nhat Bac

Many suggestions from the private business community nationwide

On the afternoon of September 16, 2025, in Hanoi, within the framework of the Vietnam Private Economic Forum 2025 (VPSF 2025), the High-Level Dialogue Session took place solemnly. The event gathered nearly 1,000 delegates, including leaders of the Party, State, Government, central and local ministries and branches; representatives of international organizations; along with a large number of experts, scientists , and the private business community nationwide. In particular, Prime Minister Pham Minh Chinh attended and delivered a speech.

This year’s Forum took place after a long preparation journey. Before that, for more than three months, the Organizing Committee had deployed 12 dialogue sessions in localities across the country, attracting nearly 5,000 delegates. From direct working sessions with businesses and authorities, more than 3,000 opinions and suggestions were gathered, reflecting the vivid reality of the private business community.

At this High-Level Dialogue, leading business leaders, economic experts and representatives of international organizations made many recommendations and solutions. The highlight was that the business community not only reflected on difficulties but also demonstrated a proactive and responsible spirit, proposing specific initiatives: from building a national brand, promoting key trade, developing green logistics infrastructure, to a sandbox mechanism for fintech and proptech or a national talent strategy.

Mr. Dang Hong Anh, Chairman of Vietnam Young Entrepreneurs Association, Chairman of VPSF 2025 - Photo: VGP/Nhat Bac

Mr. Dang Hong Anh, Chairman of the Vietnam Young Entrepreneurs Association, Chairman of VPSF 2025, emphasized the spirit of "co-creation" and committed to pioneering the implementation of strategic initiatives. Notable among them are the National Program to train 10,000 CEOs, the program "Each young entrepreneur mentors two new entrepreneurs", and the development of the Vietnam Private Enterprise Capacity Index (VBCI).

Mr. Nguyen Manh Hung, Vice Chairman of Nafood's Board of Directors, proposed four groups of solutions: Developing green logistics and smart cold storage; co-sponsoring trade promotion, building national brands for key agricultural products; perfecting tax, land, and green agriculture institutions; and building a national strategy for processed agricultural products.

Mr. Nguyen Manh Hung, Vice Chairman of Nafood Board of Directors - Photo: VGP/Nhat Bac

Mr. Trinh Tien Dung - Chairman of Dai Dung Group proposed major solutions for the mechanical engineering - steel structure industry. Notably, the proposal to upgrade to a National Program, build a specialized innovation center for the mechanical industry, form a synchronous production ecosystem, expand human resource training, create a mechanism for Vietnamese enterprises to participate in the EPC role in key projects, and invest in specialized port infrastructure.

Mr. Phan Minh Thong - Chairman of the Board of Directors of Phuc Sinh Group made six recommendations: developing deep processing factories and R&D centers; developing small and medium enterprises according to international standards; standardizing sustainable agriculture; promoting digitalization and traceability; increasing public-private linkages; and building a National Commodity Exchange.

"Vietnam is a large agricultural producer and needs to build a transparent, sustainable, and modern ecosystem to increase the value of agricultural products," Mr. Thong emphasized.

From the perspective of a technology company, Mr. Hoang Mai Chung - Chairman of the Board of Directors of Meey Group reflected that the biggest difficulty of technology startups is the capital problem. Mr. Chung proposed three solutions: attracting international venture capital funds and establishing a national investment fund; improving the stock market for technology companies; building a sandbox mechanism to mobilize community capital through issuing digital assets.

"There needs to be a safe and transparent testing mechanism for startups to raise capital quickly and avoid missing out in the global technology race," Mr. Chung emphasized.

Mr. Hoang Mai Chung - Chairman of the Board of Directors of Meey Group - Photo: VGP/Nhat Bac

Mr. Do Vinh Quang, Vice Chairman of T&T Group, proposed continuing to improve transparent institutions, remove barriers, create a healthy competitive environment; build a mechanism for medium- and long-term capital incentives for key industries; and promote digital transformation, open national data, and simplify administrative procedures.

Committed to Action for the Future of the Private Economy

VPSF 2025 Chairman Dang Hong Anh emphasized that the private business community is deeply aware of its driving role. Mr. Dang Hong Anh affirmed his commitment to thoroughly grasp and implement the "four strategic resolutions" of the Politburo (57, 59, 66, 68), considering this a solid political and legal foundation.

According to Mr. Dang Hong Anh, the private business community believes in the spirit of "an honest, active Government serving the people" and the motto "Co-creating institutions - Liberating resources - Raising national governance standards".

VPSF 2025 has adopted a comprehensive action program, focusing on four pillars: building creative institutions; promoting science, technology and innovation; sharpening strategic spearheads to reach international standards; and enhancing the internal capacity of enterprises.

Mr. Shantanu Chakraborty – ADB Country Director - Photo: VGP/Nhat Bac

From an international perspective, Mr. Shantanu Chakraborty - ADB Country Director in Vietnam affirmed: ADB is proud to accompany VPSF from the beginning, contributing to creating a national public-private dialogue channel. ADB representative highly appreciated the Government's efforts in inclusive economic development, considering VPSF as a testament to the determination to build a dynamic and integrated private sector.

In particular, Mr. Shantanu Chakraborty emphasized that Resolution 68 of the Politburo issued in May 2025 is a turning point when it identifies the private sector as "the most important driving force of the economy". Accordingly, by 2030, Vietnam will have at least 20 large private enterprises participating in the global value chain, and by 2045, there will be 3 million enterprises contributing 60% of GDP.

"ADB is committed to continuing to support Vietnam in implementing Resolution 68 through policy advice, technical assistance, green finance and sustainable infrastructure development," said Mr. Shantanu Chakraborty.

The Government leaders highly appreciated the efforts and dedicated recommendations of the private business community, and affirmed that the Government will absorb and concretize the proposals into an action program, and at the same time hope that businesses will continue to promote their important role as a driving force of the Vietnamese economy in the new period.

The dialogue session ended with the ceremony of the Prime Minister and Chairman of VPSF 2025 beating the gong, officially launching a new development phase of the private economic sector. The event affirmed the commitment to turning aspirations and suggestions into concrete actions, for a sustainable and prosperous future of the country.

Mr. Minh

Source: https://baochinhphu.vn/doanh-nghiep-tu-nhan-chung-tay-cung-nha-nuoc-vi-khat-vong-viet-nam-hung-cuong-102250916232744152.htm