Deputy Prime Minister Truong Hoa Binh. (Source: VNA)

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

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

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

Startups and young entrepreneurs should improve their governance capacity, take the lead in innovation and the application of new and advanced technologies, raise productivity, quality and competitiveness, support each other and join the global value chain, he suggested.

The Government will create all possible conditions for young entrepreneurs and help them remove difficulties to move forward, the Deputy PM pledged.

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

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

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

The congress elected the VYEA Central Committee for the 2018-2021 tenure with 113 members. Dang Hong Anh, Vice Chairman of TTC Group was elected as president of the association, who is supported by six vice presidents.

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