President urges business renovation for sustainable development
Vietnamese enterprises, especially those in private sector, must unceasingly renovate themselves and take advantage of the fourth industrial revolution for their sustainable development while contributing to national growth, said President Tran Dai Quang.
President Tran Dai Quang urges business renovation for sustainable development. (Photo: VNA)
Hanoi (VNA) – Vietnamese enterprises, especially those in privatesector, must unceasingly renovate themselves and take advantage of the fourthindustrial revolution for their sustainable development while contributing to nationalgrowth, said President Tran Dai Quang.
He made the call at the launch of the “entrepreneurship innovation programmefor national sustainable development” held by the Vietnam Private BusinessAssociation in Hanoi on January 25.
The programme is an important move in implementing the Party and State’sresolution and instructions on developing the private economic sector and promotingthe role of local businesspeople in national construction and protection, the Presidenthighlighted.
He went on to say that domestic enterprises should study and apply advancedtechnology to enhance labour productivity and competitive and businessmanagement capacity, and take the initiative in joining global value chains andbuilding Vietnamese brands.
The President ordered ministries, agencies and local administrations to enhancecommunication work to raise public awareness of the Party and State’sconsistent policies to develop the private economic sector.
On the occasion, the State leader lauded the Vietnam Private BusinessAssociation’s giant stride in the past time. It has joined hands with relevantorganisations to carry out the Party and State’s socio-cultural-economicdevelopment policies and made significant contributions to alleviating povertyand ensuring social security in the country.
Since the launch of the “Doi moi” (reform), the Vietnamese economy has beenoperating under the socialist-oriented market mechanism and the Party and Statehave encouraged the roles of private sector in the nation’s development.
Most recently, the 12th Communist Party of Vietnam (CPV) CentralCommittee adopted a resolution on “developing the private economy into animportant driving force of the socialist-oriented market economy” at its fifthplenary meeting on May 10, 2017. -VNA
Overcoming the challenges of the fourth industrial revolution and making best use of the opportunities it will bring was discussed at the seventh Vietnam ICT Summit 2017, which concluded in Hanoi on September 6.
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.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
President Tran Dai Quang urges business renovation for sustainable development. (Photo: VNA) 
