Deputy PM commends businesses’ role in national economy

Businesses, especially startups, play a very important role in creating new momentum for the national economy, said Deputy Prime Minister Truong Hoa Binh.
Deputy PM commends businesses’ role in national economy ảnh 1Deputy Prime Minister Truong Hoa Binh. (Source: VNA)

Hanoi (VNA) – Businesses,especially startups, play a very important role in creating new momentum forthe national economy, said Deputy Prime Minister Truong Hoa Binh.

Speaking at the sixth national congressof the Vietnam Young Entrepreneurs Association (VYEA) in Hanoi on August 28, Binhemphasised the need to push ahead with the startup campaign among youths,especially young intellectuals, in order to increase forces for the fourthIndustrial Revolution.

The Deputy PM urged the VYEA to promoteits role in protecting legitimate rights and interests of startups and youngentrepreneurs, and proposed guidelines and policies to the Party and State inorder to create favourable conditions for young entrepreneurs to devote more tothe nation.

Startups and young entrepreneurs shouldimprove their governance capacity, take the lead in innovation and theapplication of new and advanced technologies, raise productivity, quality andcompetitiveness, support each other and join the global value chain, hesuggested.

The Government will create all possibleconditions for young entrepreneurs and help them remove difficulties to moveforward, the Deputy PM pledged.

The association reported that nearly 10,000 of its members created 3 million jobs inthe 2015-2018 period.

Over the past fouryears, it held more than 200 trade promotion activities and generated some 25billion USD in average annual revenue. 

In the 2018-2021tenure, the VYEA aims to improve its performance toward practical outcomes,make contributions to economic-related draft laws and develop businessincubator programmes.

The congress elected the VYEA CentralCommittee for the 2018-2021 tenure with 113 members. Dang Hong Anh, ViceChairman of TTC Group was elected as president of the association, who issupported by six vice presidents.

On this occasion, the VYEA CentralCommittee of the 2014-2017 term received certificates of merit bestowed byPrime Minister Nguyen Xuan Phuc and the Ho Chi Minh Communist Youth UnionCentral Committee.-VNA
VNA

See more

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.