Hanoi (VNA) - During a meeting on October 4 between permanent Cabinet members and business representatives on the occasion of the Vietnam Entrepreneurs Day (October 13), Minister of Planning and Investment Nguyen Chi Dung highlighted both the challenges and opportunities facing Vietnamese enterprises today and outlined key strategic directions.
The Minister reiterated the Government’s strong commitment to supporting businesses and fostering a favourable environment for their growth in the new era.
He emphasized that throughout nearly 40 years implementing the Doi Moi (renewal) policy, the Vietnamese business community has developed strongly in both quantity and quality.
According to Minister Dung, the private sector is a key force of Vietnam’s economy, contributing about 60% of GDP, 85% of the national workforce, and 98% of total import-export turnover.
These enterprises play a crucial role in generating wealth, driving economic growth, creating jobs, and contributing to poverty alleviation and social stability.
Looking back at the socio-economic situation in the first nine months of the year, the Minister noted positive signs of recovery across various sectors. State budget revenue exceeded 85% of the estimate, up 18% year-on-year.
Total import-export turnover surpassed 577 billion USD, a year-on-year rise of 16.2%, with a trade surplus of 21.5 billion USD.
Notably, industrial production recorded a rapid recovery, serving as a key growth driver.
Attributing these positive results to the contributions of the business community, particularly those in the private sector, Minister Dung affirmed that the Government always accompanies businesses, strongly implements institutional reforms, improves the investment and business environment, and creates favourable conditions for business development.
Despite these achievements, the minister pointed out limitations and shortcomings of the Vietnamese business community, such as small-scale operation, weak competitiveness, and low operational efficiency.
The management capacity and strategic vision of many businesses are still limited, he said, adding that a segment of business people lack business ethics and culture, and have low awareness about compliance with legal and social responsibilities.
In a rapidly changing world, Vietnamese businesses should not rest on their laurels, but need to proactively adapt and innovate for survival and sustainable development, he said. “They need to change their way of thinking and doing things,” he said.
The minister emphasized Vietnam’s goal of pursuing green and sustainable growth, focusing on high-tech industries, promoting the application of science and technology, and harnessing new growth momentum from the green, circular, and digital economies.
According to the minister, in the new era of numerous challenges and opportunities, Vietnamese enterprises must be proactive, creative, and collaborative to “rise up” and contribute to building a strong and prosperous nation.
The Government pledges to accompany businesses, remove obstacles, and create the best possible conditions for businesses to obtain sustainable development./.
