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Vietnam's Rising Era: Entrepreneurs Play a Key Role

VTC NewsVTC News13/10/2024

(VTC News) - With its inherent strength, the team of entrepreneurs and the business community are an important force, contributing to promoting Vietnam's rise in the new era.
Recently, the 10th Conference of the 13th Central Executive Committee unanimously affirmed that Vietnam has entered the era of national development with the goal of becoming a developing country with modern industry and high average income by 2030 and becoming a developed country with high income by 2045. The main force creating wealth and material goods In the new, historical context, Prime Minister Pham Minh Chinh once emphasized: "Without a team of good entrepreneurs, the economic flow will stagnate and the country will not be able to prosper. To achieve the goal, all subjects must do it, but enterprises and entrepreneurs play a core role". Agreeing with the Prime Minister's point of view, Minister of Planning and Investment Nguyen Chi Dung commented: Entrepreneurs are the core force creating wealth and material goods; making important contributions to economic growth; creating jobs, increasing income for workers, contributing to hunger eradication, poverty reduction and social stability. Vietnam currently has more than 930 thousand operating enterprises, about 14.4 thousand cooperatives and more than 5 million business households, contributing about 60% of GDP, 85% of total labor force, 98% of total import-export turnover.
The business and entrepreneur force is contributing about 60% of GDP to Vietnam's economy. (Illustration photo)

The business and entrepreneur force is contributing about 60% of GDP to Vietnam's economy. (Illustration photo)

Responding to VTC News , Dr. Le Duy Binh, CEO of Economica Vietnam, highly appreciated the role of businesses and entrepreneurs in the era of national development. “The past 3 decades of innovation have shown the very clear role of businesses and entrepreneurs, through statistics. This is a very important production force in our economy, at the same time contributing to ensuring the livelihood of a very large part of the population. In the new era, this role will certainly continue to be promoted, even promoted more strongly because this force is growing stronger and stronger,” said Mr. Binh. Mr. Binh also particularly emphasized the great contribution of the business community in sudden, unexpected situations that occur to the country such as natural disasters and epidemics. Typically, during the COVID-19 pandemic or the recent historic storm and flood No. 3, together with the Party, the State and authorities at all levels, the team of businesses and entrepreneurs actively contributed to rescue and relief work for people across the country.
Vietnam's economy is increasingly affirming its position and ranking on the world map. " We certainly would not have achieved this without the contributions of businesses and entrepreneurs over the past 40 years of renovation. Vietnamese goods have been exported to more than 150 countries around the world, which is a great effort of businesses and entrepreneurs, " said Mr. Binh. Commenting on the role of Vietnamese entrepreneurs in the era of development, National Assembly Delegate Nguyen Quang Huan, Vice President of the Vietnam Association of Private Entrepreneurs, also affirmed: "There is no developed country without developed businesses, there is no rich country without a team of rich businesses and entrepreneurs. When businesses develop, they will be able to support workers and contribute assets to the State, as well as do well in social security activities. And when GDP develops, the country will develop." However, Mr. Huan also highlighted the current situation that the non-state economic sector contributes more than 60% of GDP, but small and medium enterprises only contribute more than 10% of GDP, meaning that there is still a lot of room and needs to be promoted for this force to develop in the new era.
Small and medium-sized enterprises still have a lot of room to develop in the country's innovation career. (Illustration photo).

Small and medium-sized enterprises still have a lot of room to develop in the country's innovation career. (Illustration photo).

Ready to devote all efforts to the era of growth According to Dr. Nguyen Bich Lam, former General Director of the General Statistics Office, over the past years, reality has shown that the Vietnamese business community and entrepreneurs have grown strongly, increasingly becoming the main force and backbone of the country's economy. Mr. Lam cited that Vietnam is known for its world-class economic groups such as Viettel, PVN, Vingroup, FPT, THACO, Hoa Phat, TH, Vinamilk, Masan ... And businesses like this will certainly continue to grow, contributing to promoting the country's goals to be implemented faster and more effectively. Delegate Tran Van Lam, Standing Member of the Finance and Budget Committee of the 15th National Assembly, also affirmed that after nearly 40 years of national renovation, Vietnam has emerged a large enterprise force, accumulating sufficient financial capacity, technological level and corporate governance, becoming an important driving force of the economy. In particular, Vietnamese enterprises and businessmen are increasingly not afraid to compete in the region and the world, which is extremely important in the era of national development. Vietnamese enterprises are increasingly affirming their position, role and importance in the cause of innovation and development of the country, especially in the process of economic transformation. Not only increasing in number, Vietnamese enterprises also cover most industries and fields of production and business. And especially, not only domestically but many enterprises have also gone beyond the region and the world, contributing to bringing Vietnamese brands to the world and enhancing our country's position in the international arena. Vietnamese businessmen are very rich in business capacity and will to progress, always striving to enrich themselves and their businesses, thereby contributing to the development of the country. They also inherit the tradition of patriotism, uphold the will to be self-reliant, self-reliant, and the spirit of dedication to the nation - key factors for the Vietnamese economy to reach new heights and take off. “In my opinion, many Vietnamese businesses and entrepreneurs have been and are preparing to devote themselves to the country’s development, especially creating momentum for economic development. Therefore, in the new era of the nation, there will certainly be a strong mark of the Vietnamese business community and entrepreneurs,” Mr. Lam expressed.

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