The event brought together leaders from 40 private universities and more than 250 delegates representing universities, research institutes, accreditation centres, international organisations, and state management agencies in education and higher education.
For Vietnamese businesses to reach regional and global heights, attention must be paid to three pillars of support - a transparent and stable institutional framework; financial and credit policies that encourage innovation; and modern infrastructure with a high-quality workforce.
Only by fully mobilising private resources to address national challenges can the sector fulfil its role. Above all placing trust in the private economic sector is the most crucial element throughout the reform process, said Professor Vu Minh Khuong.
A UK-based scholar has praised the resolution's specific measures designed to create a level playing field and transparent environment for private enterprises, focusing on improving the institutional framework and reducing administrative procedures in business registration, mergers, acquisitions, and dissolution, while cutting costs and time burdens for enterprises.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
To survive and thrive in today’s volatile global economy, businesses must accelerate transformation, enhance competitiveness, diversify export markets, improve transparency, foster collaboration, and leverage the vast potential of the domestic market, heard a forum in Ho Chi Minh City on May 21.