On May 18, at Dien Hong Hall of the National Assembly Building, a national conference was held to disseminate and implement Resolution No. 66-NQ/TW on innovation in law-making and enforcement and Resolution No. 68-NQ/TW on private economic development.
At the conference, Prime Minister Pham Minh Chinh had a direct dialogue and answered suggestions from the business community, although this activity was not part of the official agenda of the conference. This demonstrated the openness and special attention of the Party and Government towards the private economic sector – in line with the spirit of Resolution 68.
As the first businessman encouraged by the Prime Minister to speak, Mr. Vu Van Tien, Chairman of the Board of Directors of Geleximco Group, shared frankly and passionately about the role and expectations of the private economic sector in the country's new development stage.
Mr. Vu Van Tien, Chairman of the Board of Directors of Geleximco Group, spoke at the conference on May 18.
Businessman Vu Van Tien said that Resolution 68 accurately and fully reflects the difficulties and obstacles that private enterprises have faced over the years.
According to him, the issuance of this resolution is like "a drought meeting a shower". He and many other businessmen always want to contribute and invest in development but have been "tied up" many times by barriers from mechanisms and policies. Resolution 68 is a breakthrough to liberate the spirit and resources of private enterprises.
This businessman emphasized that the most important thing now is how to implement the resolution in practice to truly create change.
Businessman Vu Van Tien was born in 1959 in a farming family in Tien Hai district, Thai Binh province. Mr. Tien is currently the Chairman of the Board of Directors and General Director of Geleximco Group - the group he founded and has run since 1993. Geleximco is a private enterprise operating in many fields with annual revenue exceeding 20,000 billion VND and total assets of up to 80,000 billion VND.
In the field of industrial production, Geleximco owns a series of large projects such as An Hoa Pulp and Paper Factory in Tuyen Quang, Thang Long Cement Factory in Quang Ninh and recently the Omoda & Jaecoo automobile assembly factory project in Thai Binh with an investment capital of 800 million USD.
In the real estate sector, Geleximco has made its mark with many large-scale urban areas in Hanoi and Quang Ninh, especially the Dragon Ocean Do Son project in Hai Phong with a total investment of more than 30,000 billion VND on an area of 480 hectares.
In addition to manufacturing and real estate investment, Mr. Vu Van Tien is also a highly influential figure in the financial sector. He is currently Vice Chairman of the Board of Directors and Chairman of the Transformation and Digital Banking Committee at An Binh Commercial Joint Stock Bank (ABBank). He and Geleximco Group currently hold a total of nearly 78 million ABB shares, equivalent to more than VND 600 billion at current market prices.
In addition, Geleximco also owns nearly 46.3 million shares in An Binh Securities Joint Stock Company (ABW), equivalent to more than VND343 billion. The total value of shares that Mr. Tien and Geleximco are holding in these two financial enterprises is estimated at about VND944 billion.
Mr. Vu Van Tien held the position of Chairman of the Board of Directors of ABBank from 2005 to 2018 and has been with the bank since 2003.
Notably, the current Chairman of the Board of Directors of ABBank is Mr. Dao Manh Khang - brother-in-law of Mr. Vu Van Tien.
Source: https://nld.com.vn/doanh-nhan-vua-doi-thoai-voi-thu-tuong-tai-hoi-nghi-quan-triet-nghi-quyet-68-la-ai-196250519093123098.htm
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