PM highlights contributions of entrepreneurs to national development
Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Hanoi on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc praisedthe important role of the Vietnamese business community in national developmentat a ceremony in Hanoi on October 13 to mark the 15th anniversary of VietnamEntrepreneurs’ Day.
In his speech at the event, the PM highlighted the country’s recentachievements such as the elevation of 10 places on competitiveness in the WorldEconomic Forum’s latest report. He attributed the outcomes to the businesscommunity’s contributions.
He affirmed the Party and State will continue promoting institutional reformtoward regional and global standards to create an environment for the businesscommunity’s sustainable growth.
He called for the community to join hands with the Party andState in efforts to fight corruption, reform legal institution, and improve thecountry’s business climate.
He hoped entrepreneurs to promote their national pride,abide by the law, increase transparency, build business culture as well asentrepreneurs’ ethics and social responsibility of enterprises, and propeltoward better competitiveness and innovation, as highlighted in theGovernment’s Resolution 35 on business development.
The PM suggested the community team up with universities andresearch institutes in training a high-quality workforce.
He expressed his pleasure that there were more than 102,000new firms established in the first nine months of the year, with registered chartercapital worth over 12 billion VND (517,250 USD) on average, the highest level to date.
Prosperous businesses mean prosperous nation, he stated.
On this occasion, he congratulated prominent entrepreneurs who were honouredwith Thanh Giong Cup 2019.
First organised by the Vietnam Chamber of Commerce andIndustry in 2006, the Thanh Giong Cup is granted to 100 outstandingentrepreneurs nationwide every three years. The winners are business leaderswho showed distinct contributions to their enterprises and to Vietnam’ssocio-economic development./.
PM Nguyen Xuan Phuc affirms that the Government will continue to protect the business community and their legitimate rights and interests, while working harder to reduce costs and interest rates to help enhance domestic firms’ competitiveness.
Up to 99 enterprises and 100 entrepreneurs in Ho Chi Minh City were awarded for their outstanding achievements at a ceremony held in the city on October 13.
The Vietnamese version of the book “Competing with Giants: How One Family-Owned Company Took on the Multinationals and Won” by Vietnamese businesswoman Tran Uyen Phuong will be released in the coming time.
Vietnamese entrepreneurs have played an important role in the country's socio-economic development and the process of global integration, according to President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Prime Minister Nguyen Xuan Phuc (Photo: VNA) 
