 Prime Minister Pham Minh Chinh speaks at the plenary session of the Vietnam Private Economic Landscape Program 2025 (ViPEL 2025), Hanoi, October 10, 2025. |
He called on private enterprises to pioneer in achieving Vietnam’s two centennial development goals by aligning corporate strategies with national goals, joining patriotic movements through innovative, tech-driven products; and promoting equality, fairness, social progress and welfare to ensure no one is left behind.
The private sector was also urged to grow holistically by harnessing internal strengths and surpassing limitations to become a leading force for growth, job creation, productivity, competitiveness, industrialization, modernization, and economic restructuring.
PM Chinh advocated for extensive, substantive and effective global integration, enabling firms to compete on equal footing with global enterprises, advance in global value chains and adopt a long-term, ambitious development approach.
The session saw the launch of key initiatives, including the Vietnam Low Altitude Economy Alliance (LAE), the Vietnam Supporting Industries Manufacturers Alliance, and a 2025–2030 program to enhance localization and supporting industry capacity. A scheme was signed to adopt a pilot public-private nation-building model for 2025–2026, alongside a plan to honor outstanding entrepreneurs and enterprises.
