Mr. Nguyen Hoang, Chairman of the Hanoi Association of Supporting Industries Enterprises (HANSIBA):
Night Breaking down institutions will create momentum for Vietnam's economy to accelerate.
Mr. Nguyen Hoang.
Looking back at the 13th National Congress of the Party, I am pleased with the strategic breakthroughs in institutional reform. This was a period full of changes and challenges, yet Vietnam still achieved impressive growth, creating a solid foundation for the Vietnamese economy to move forward in the new phase.
Institutionally, we consider this a particularly important term in office, having "taken a step ahead" in resolving bottlenecks to promote, guide, and concretize the resolutions of the Central Party Committee and the Politburo . This has helped the Government, businesses, and people achieve significant results, while also creating a foundation for entering an era of development with the goal of double-digit growth.
Vietnam has transformed from a closed economy into a major exporting nation. Its import and export turnover is projected to reach approximately US$900 billion by 2025, a tenfold increase compared to 1990. Key export items include electronics, textiles, footwear, agricultural products, and seafood. Vietnam is a member of several new-generation free trade agreements such as CPTPP, EVFTA, and RCEP.
Vietnam has also become an attractive destination for multinational corporations. Total registered FDI capital reached over US$450 billion by 2023. Industrial parks and export processing zones are developing strongly in Bac Ninh, Dong Nai, Ho Chi Minh City, etc. FDI makes a significant contribution to industrialization, job creation, and technology transfer.
The socio-economic infrastructure system has improved significantly. The network of highways, seaports, airports, and telecommunications has developed strongly. The urbanization rate has increased from 19% (in 1986) to 45% (in 2025).
Major cities such as Hanoi, Ho Chi Minh City, Da Nang, and Hai Phong have become modern economic and cultural centers. Economic growth during the 2021-2025 period averaged approximately 6.3% per year, placing Vietnam among the countries with high growth rates globally. GDP is projected to reach approximately US$510 billion in 2025, ranking 32nd in the world.
Notably, many groundbreaking resolutions have been passed for economic powerhouses such as Hanoi, Ho Chi Minh City, and Da Nang. These are highly specialized and deeply rooted institutions.
Furthermore, many resolutions have directly impacted the "lives" of businesses, helping to remove obstacles and difficulties. The enactment of a single law that can resolve multiple issues related to numerous other laws is a major breakthrough in institutional reform, enabling the business community, citizens, and the economy to thrive in the new era.
Ms. Le Dung, General Director of DGroup Human Resources Training and Development Joint Stock Company, Director of the Institute of Business Intelligence, and President of the CEO 1983 Club:
Period Hoping for breakthrough policies for Vietnamese small and medium-sized enterprises.
Ms. Le Dung.
On the morning of January 20, 2026, as the 14th National Congress of the Party solemnly opened at the National Convention Center (Hanoi), I followed the proceedings with mixed feelings of solemnity and closeness, as if witnessing the future of the country being shaped by major policy decisions.
From the perspective of someone who has worked in training, consulting, and supporting entrepreneurs for many years, I increasingly recognize the crucial role of small and medium-sized enterprises (SMEs) in the socio-economic development of the country.
If the Congress is where strategic direction is formulated, then SMEs are the "lifeblood" flowing through each economic region and supply chain. Vietnam currently has nearly 1 million active businesses, of which SMEs account for approximately 98%. These are not just statistics, but represent millions of labor efforts, innovations, millions of entrepreneurial choices, and millions of beliefs placed in a fair, transparent, and stable business environment.
In practice, Vietnamese SMEs are highly ambitious, flexible, and eager to learn and adapt quickly to the market. However, they also face familiar but persistent bottlenecks: difficulty accessing capital, limited management capacity, slow digital transformation, uneven quality of human resources, and limited ability to participate deeply in the value chain.
In particular, capital remains a major obstacle. The percentage of SMEs with access to bank credit is still low, especially for micro-enterprises. When cash flow is scarce, businesses not only struggle to expand production but also lack the resilience to invest in technology, standardize management, or implement green, digital, and sustainable transformation. Therefore, what the business community expects from the Congress is not just an encouraging message, but a stable, favorable, and clearly leading "institutional ecosystem."
Based on my practical experience working alongside businesses, I would like to share some expectations. First and foremost is a breakthrough in the business environment towards a streamlined, transparent system and a substantial reduction in compliance costs. Businesses are not afraid of strict laws, but rather of overlapping laws, lengthy procedures, and unofficial costs. A policy decision is only truly meaningful when it directly impacts every document, every day of work, and every operating expense of a business.
Secondly, there needs to be a breakthrough in capital, with more diverse and appropriate access channels for SMEs. Besides bank credit, it's necessary to effectively utilize guarantee funds, supply chain finance, innovative financial models, and green credit, helping SMEs avoid being left behind in the trend of sustainable development.
Thirdly, there's the breakthrough in digital transformation, shifting policies from slogans to "ready-to-use support packages." Many SMEs understand the necessity of digitalization, but lack the resources and a roadmap. What they need is seamless online public services, industry-specific software support programs, and a mechanism for ongoing support during implementation.
Fourth, there is a breakthrough in human resources and management, considering the management capacity of business owners as the "soft infrastructure" of the economy. Policies for management training need to be promoted more strongly, linking the State, schools, and businesses, supporting entrepreneurs in lifelong learning, and mastering technology, data, and modern management methods.
Finally, there is the breakthrough in supply chain linkage, helping SMEs gain a "ticket" to participate more deeply in the value chain through standardization, traceability, legal advice, and mechanisms for large enterprises to help small enterprises develop together.
I believe in the vision and capabilities of the Party, and I believe that the 14th National Congress will usher in a new era of development. But above all, I expect that groundbreaking policies will be concretized through clear and feasible mechanisms, so that Vietnamese SMEs can confidently invest, innovate, and grow using their own internal strengths, contributing to the realization of the aspiration to build a strong and prosperous Vietnam.
Source: https://hanoimoi.vn/dot-pha-the-che-khoi-thong-nguon-luc-de-doanh-nghiep-viet-nam-but-pha-730850.html
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