“Creative Economy: Innovation to the success of businesses” was the main theme of the annual Vietnam CEO Summit, which saw the participation of executives from the most powerful enterprises in Vietnam , politicians, local and foreign scholars.

The event was jointly organised by Vietnamnet online newspaper and Vietnam Report JSC in Ho Chi Minh City on August 23

Participants at the summit shared their experience and opinions on the creative economy and the building of a creative Vietnamese business, renovation management and competition with multinational companies as well as growing through renovation.

Economists agreed that creation and renovation are now an irreversible trend in global business activities.

The profitability of capital, machines or muscle is finite, while the value of the brain and creativeness is infinite. It produces breakthroughs and decides businesses’ competitiveness, they said.

They added that it is time Vietnam’s businesses and economy reach more forcefully and comprehensively top innovative ideas, and share the best practice of innovation solutions in Vietnam that will push the momentum of Vietnam’s economy.

They also pointed out three factors that influence the creation of a business the most, including human resources, operation procedures and philosophy.

Leaders also play a vital role as pioneers in the renovation of a business.-VNA