Vietnam’s 1.1 million businesses contribute 60% of GDP and 55% of state budget revenue and employ 17.6 million workers. At a forum called “Pioneering entrepreneurs – enabling government in a new era”, held in Hanoi last Sunday, Ho Sy Hung, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) said the Party and State have consistently identified private businesses as a core force of the economy. An effort is being made to build a comprehensive legal framework that will help businesses grow and contribute to national prosperity.
“Vietnam needs strong, pioneering businesses to build the systems of the economy, and enable it to compete and expand into international markets. Businesses must lead the way into high-efficiency sectors to accelerate growth and improve the overall efficiency of the economy, and they should take the lead in connecting small and medium-sized enterprises into clusters and value chains, enabling them to pool their strengths, compete more effectively, and expand globally,” said Mr. Hung.
A program called “Outstanding Vietnamese Entrepreneurs – Saint Giong Cup”, launched by VCCI, has honored 860 entrepreneurs since 2006. This year, it awarded 100 outstanding entrepreneurs.
Deputy Prime Minister Pham Gia Tuc said at the award ceremony on October 11 in Hanoi: “I hope the 100 exemplary entrepreneurs honored today, alongside those recognized in previous years, will continue to be models of business success and catalysts for spreading the spirit of Vietnamese entrepreneurship in the new era. It’s a spirit defined by the courage to think boldly, act decisively, innovate, and take responsibility, and by the aspiration to build strong enterprises and Vietnamese brands with high standing in the global market. It’s a spirit of collaboration and leadership in which large enterprises create opportunities for smaller ones, and in which successful entrepreneurs share their experience, inspire others, and pave the way for the next generation of entrepreneurs."
