Private economy - the driving force for Vietnam's prosperity

The business community, especially the private economic sector, plays a key role in the journey to build a fast and sustainable economic development, towards the goal of making Vietnam a high-income country by 2045.

Prime Minister Pham Minh Chinh attends a meeting with the business community - Photo: VGP/Nhat Bac

In the jubilant atmosphere celebrating the 80th anniversary of the August Revolution and National Day, September 2, on August 30, Prime Minister Pham Minh Chinh chaired a working conference with businesses with the theme "80 years of businesses accompanying the country".

The event gathered representatives of hundreds of private enterprises, FDI enterprises and associations of key and important economic sectors of the country.

The historical role of enterprises in nation building

Presenting the opening report at the conference, Deputy Minister of Finance Nguyen Duc Tam said that in the first 8 months of the year, our country's economy continued to achieve many achievements. GDP growth in the first 6 months of the year reached 7.52% - the highest level in the same period in nearly 20 years. State budget revenue in the past 7 months reached more than 80% of the estimate, up nearly 27.8% over the same period.

Total registered FDI capital in the first 7 months reached nearly 24.1 billion USD, implemented FDI capital was about 13.6 billion USD. These figures show that Vietnam continues to be an attractive destination for foreign investors.

Deputy Minister of Finance Nguyen Duc Tam gave the opening report at the conference - Photo: VGP/Nhat Bac

People and businesses have increased their confidence in the economic growth prospects. In the first 8 months of the year, the country is estimated to have nearly 128,200 newly established enterprises, 73,855 business households, and 80,800 enterprises returning to operation.

Appreciating the role and contributions of businesses and entrepreneurs, Prime Minister Pham Minh Chinh emphasized that over the past 80 years, the business community has always accompanied the nation and been closely associated with the country's destiny.

Towards the 80th anniversary of President Ho Chi Minh's letter to the industrial and commercial sector on October 13, 1945, according to the Prime Minister, the event is of great significance, aiming to express gratitude and affirm the great contributions of businesses and entrepreneurs in the cause of building and defending the Fatherland.

After nearly 40 years of innovation, the business community has grown strongly. To date, the country has nearly 1 million businesses, of which 98% are private enterprises), over 33,000 cooperatives following the new model and more than 5 million business households.

The Party and the State always pay special attention to, support, create favorable conditions, and create institutions and laws for the business community to develop strongly. In particular, the Politburo issued Resolution 68 on private economic development, the National Assembly issued Resolution 198, and the Government issued Resolution 138 to focus on developing private enterprises as an important driving force of the economy.

Entering a new era - the era of building a rich, civilized, happy and prosperous country, the Prime Minister stated that the Party and State wish that the pioneering business community, together with the whole country, strive to successfully achieve the two 100-year strategic goals.

Accordingly, by 2030, we strive to have about 2 million enterprises, contributing 55-58% of GDP, creating jobs for about 84-85% of the workforce, increasing labor productivity by 8.5-9.5%/year. By 2045, we will have at least 3 million enterprises, contributing over 60% of GDP, having international competitiveness, and participating deeply in the global value chain.

To achieve this goal, the Prime Minister called on the business community to continue to proactively innovate production and business models, restructure enterprises, and focus on improving management capacity and human resource quality. In particular, enterprises need to strongly apply science and technology to turn challenges into opportunities.

Along with standing firm in the domestic market, diversifying markets, products and supply chains, especially for advantageous export products... is an important solution for businesses to stabilize and develop.

Enterprises pledge to accompany Vietnam for prosperity

At the conference, business representatives expressed their determination to accompany the Government in realizing development goals.

Sharing on the sidelines of the conference, Mr. Hoang Mai Chung - Chairman of the Board of Directors of Meey Group, expressed his honor to attend this important conference. This is an opportunity for businesses to affirm their commitment to always accompany the country on the development journey.

"As a technology company, we believe that applying technology to solve practical social problems is the best way to contribute to the overall development of the country," said Mr. Chung.

Delegates attending the Prime Minister's Conference meeting with businesses with the theme "80 years of businesses accompanying the country" - Photo: Meey Group

According to Mr. Chung, Meey Group has always been a pioneer in applying technology to solve the "bottlenecks" of the real estate market. The company has proactively researched and invested heavily in cutting-edge technologies such as AI, Blockchain, and Big Data to be ready to deploy when policies on the digital economy and crypto assets are issued.

Meey Group identifies the application of technology to digitize real estate assets and create a reliable data "repository" as the most practical way to contribute to the national digital transformation strategy.

Meey Group hopes to become a bridge between technology and life, contributing to raising the position of Vietnamese technology brands in the international arena.

On the foreign investment economic sector side, FDI enterprises commit to closely linking with Vietnamese enterprises, enhancing technology transfer, training high-quality human resources, participating in the global value chain...

Representatives of state-owned enterprises emphasized continuing to strongly apply science and technology, promote digital transformation, and improve management capacity. The goal is to assume a leading role in a number of industries and fields, creating a spillover effect to private sector enterprises to develop together for a strong and prosperous Vietnam.

L. THANH

Source: https://tuoitre.vn/kinh-te-tu-nhan-dong-luc-cho-viet-nam-thinh-vuong-20250831172439794.htm