Keyword: "Vietnam Private Sector Forum"

Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.

Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.

Participants agreed that Resolution 68-NQ/TW offers opportunities for the private economic sector. Yet challenges remain in institutional frameworks, capital access, technology, and competitiveness.

The Young Entrepreneurs’ Association (VEA) and the Mekong Business Initiative held a press conference in Hanoi on December 28 to announce the outcomes of the Vietnam Private Sector Forum (VPSF) 2017.

The Global Alliance for Trade Facilitation (GATF) will help Vietnam to establish a customs bond system – part of the country’s efforts to modernise and reform administrative procedures relating to import and export.

A recent survey by the Vietnam Private Sector Forum has shown that the confidence of private business executives keeps improving.

Private enterprises should continuously reform and increase competitiveness to contribute 50-60 percent of the national gross domestic product GDP).