From institutions to capital and digital transformation: 3 major recommendations for private enterprises

(Chinhphu.vn) - On the afternoon of September 16, within the framework of the High-level Dialogue Session of the Vietnam Private Economic Forum 2025 (VPFS 2025), Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group, Chairman of the Board of Directors of Vietravel Airlines proposed many important groups of recommendations related to promoting the internal strength of enterprises.

The forum was honored to welcome Prime Minister Pham Minh Chinh to attend and deliver a keynote speech. Also attending were nearly 1,000 delegates who were leaders of the Party, State, central and local ministries and branches; representatives of international organizations; along with a large number of experts, scientists and the business community nationwide.

Internal strength is the core value of the private enterprise sector.

Presenting at the dialogue session, Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group affirmed:   VPFS 2025 is a national event, not only for dialogue but also for concretizing actions and policy proposals, towards the common goal of "Unleashing potential - Creating Vietnam's future".

According to him, in the context of the whole nation entering a new era of development with the aspiration to become strong, the Politburo 's issuance of the "Quad Pillar Resolutions" has opened up a strong institutional corridor, creating a new development space for the private sector to affirm its role as one of the most important driving forces of the economy.

Mr. Do Vinh Quang presented a group of proposals at the High-Level Dialogue Session of the Vietnam Private Economic Forum 2025.

"Internal strength is the core value that helps private enterprises stand firm in the face of fluctuations, seize opportunities, and create a foundation for integration and regional and global reach," Mr. Quang affirmed .

With more than 30 years of development, T&T Group has formed a multi-industry ecosystem in most key areas of the economy, from finance - banking, energy, real estate, agriculture, logistics, transport infrastructure, seaports to aviation. Many large-scale projects of T&T Group have contributed to improving national competitiveness and sustainable development.

Three important groups of recommendations

From the perspective of a business representative, Mr. Do Vinh Quang put forward three important groups of proposals for the private economic sector to continue to further promote its internal strength.

Firstly, it is necessary to continue to improve transparent institutions, healthy competition, and remove barriers so that private enterprises can have fair access to resources such as land, credit, infrastructure, tax policies, etc.; thereby creating a stable business environment and reducing policy risks.

"When barriers are removed, private enterprises will boldly invest in the long term, including in new, difficult fields that require high technology, thereby improving competitiveness and contributing more to the economy," said the Vice Chairman of the Board of Directors of T&T Group.

Second, it is necessary to develop a mechanism for preferential medium- and long-term capital, especially for key sectors that play a driving role and require large and long-term capital such as aviation, logistics, energy, infrastructure, etc. In addition to increasing preferential credit, it is necessary to develop a healthy capital market, promote the issuance of safe corporate bonds, encourage international capital mobilization and form investment funds for infrastructure development and innovation funds. This will be an important resource for private enterprises to be able to invest in projects of national and regional scale.

Scene of the High-Level Dialogue Session of the Vietnam Private Economic Forum 2025.

Third, it is necessary to promote digital transformation, expand the national database and simplify administrative procedures. One of the major difficulties for businesses is the time and cost involved in accessing information and completing procedures for investment, land, construction, tax and customs. Synchronizing data between ministries and branches, promoting online public services throughout the process, along with expanding the national database on land, enterprises and finance, will help save significant resources for both the State and businesses. At the same time, this also enhances transparency, forecasting, creates a modern and favorable business environment, associated with the global digital governance trend.

"The above recommendations are the common voice of the Vietnamese private business community. And we are also aware that, for the recommendations to become reality, each business must make efforts, proactively cultivate its own internal strength and responsibility to be able to unleash its potential, break through, and together with the Government and the business community, create the future of Vietnam," emphasized the Vice Chairman of the Board of Directors of T&T Group.

Source: https://baochinhphu.vn/tu-the-che-den-von-va-chuyen-doi-so-3-kien-nghi-lon-cho-doanh-nghiep-tu-nhan-102250916192911317.htm