Vietnam eyes contingent of competent entrepreneurs
Vietnam aims to have 2 million firms by 2030 which will contribute 65-70% of gross domestic product (GDP), 32-38% of the total number of jobs, and 98-99% of the total import-export turnover, according to a newly-issued Government action programme to implement the Politburo’s Resolution on building and promoting the role of the contingent of Vietnamese entrepreneurs in the new era.
Overview of the National Conference of Vietnamese Entrepreneurs and Business Associations in 2023 - Illustrative image (Photo: VNA)
Hanoi (VNA) - Vietnam aims to have 2 million firms by 2030 which will contribute 65-70% of gross domestic product (GDP), 32-38% of the total number of jobs, and 98-99% of the total import-export turnover, according to a newly-issued Government action programme to implement the Politburo’s Resolution on building and promoting the role of the contingent of Vietnamese entrepreneurs in the new era.
The action programme also aims to have about 20 - 25% of businesses owned by women, and 30 - 35% having female directors or leaders. The number of businesses ranked among those with the highest brand value by prestigious ranking organisations in the world will increase by 10% each year. At least 10 Vietnamese businessmen will be on the list of world billionaires, and five voted as the most powerful businessmen in Asia by prestigious organisations by 2030.
By 2045, the country is aiming to form and develop a contingent of Vietnamese entrepreneurs with capacity and qualifications that meet national development goals.
To that end, the Government requested more efforts to raise awareness of the position and role of businessmen in implementing the country's development goals, complete policies and laws, and create a favourable and equal investment and business environment for entrepreneurs and enterprises.
Attention will be paid to building ethics and business culture, promoting national spirit, and inspiring the desire to develop a prosperous and happy country; and strengthening solidarity, cooperation, and connectivity between businessmen, workers, farmers and intellectuals.
In addition, efforts will be made to promote the role of the Vietnam Chamber of Commerce and Industry, and the Vietnam Association of Small and Medium Enterprises; and intensify the Party's leadership and State management in building and promoting the role of the entrepreneur contingent./.
Acting President Vo Thi Anh Xuan received delegates from the Vietnam Young Entrepreneurs’ Association in Hanoi on March 25 in celebration of the 93rd founding anniversary of the Ho Chi Minh Communist Youth Union (March 26, 1931 - March 26, 2024).
A community of young female entrepreneurs equipped with digital skills has begun to take shape following the freshly ended Empower Her Tech programme by the United Nations Development Programme (UNDP).
During the 2012-2022, the number of women-owned SMEs grew at an average rate of 2% annually, higher than the average growth rate of the business sector.
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.
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.
