Illustrative image (Photo:VNA)

Ho Chi Minh City’s enterprises should speed up restructuring and build strong trademarks to meet tougher integration, said Vice Chairman of the municipal People’s Committee Nguyen Thi Hong at a October 10 ceremony to mark the Vietnam Entrepreneurs’ Day (October 13).

The recently-concluded Trans-Pacific Partnership (TPP) agreement will be a great chance and also a significant challenge for entrepreneurs as well as enterprises in Vietnam and the city in particular, she said.

Hong also asked local firms to pay more attention to the interest of the community and help needy people in the locality.

Ho Chi Minh City currently has 150,000 companies and about 250,000 individually-run business facilities.

Addressing the event, Director of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said after 30 years of “doi moi” (renewal), Vietnamese enterprises have developed significantly in both number and quality.

Particularly, many trademarks owned by Ho Chi Minh City’s firms have been popular regionally and globally, and a contingent of young, dynamic and creative entrepreneurs are contributing significantly to the country’s growth.

Loc suggested that the Ho Chi Minh City Business Association to do more for local enterprises as the bridge for them and State agencies for timely removal of existing obstacles and those that may arise.

On the occasion, the municipal People’s Committee presented the title “Outstanding Ho Chi Minh City Business 2015” to 100 local firms with excellent performance in the 2009-2013 period.-VNA