Business

Vietnam unveils private economic landscape model

The Vietnam Private Economic Landscape (ViPEL) model embodies the vision of “public and private sectors joining hands in nation building,” creating a platform for collaboration and shared responsibility between private businesses and state agencies.

PM Pham Minh Chinh and representatives of private firms at a dialogue in Hanoi. (Photo: VNA)
PM Pham Minh Chinh and representatives of private firms at a dialogue in Hanoi. (Photo: VNA)

Hanoi (VNA) – The Vietnam Private Economic Landscape (ViPEL) model was launched in Hanoi on September 11, aiming to elevate the private sector into the country’s most powerful driver of development.

The launch ceremony was held by the Board for Private Economic Development Research (Board IV), which operates under the Prime Minister’s Advisory Council for Administrative Procedure Reform.

According to Chairman of FPT Corporation and head of Board IV Truong Gia Binh, the model embodies the vision of “public and private sectors joining hands in nation building,” creating a platform for collaboration and shared responsibility between private businesses and state agencies.

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At the model launch ceremony (Photo: baochinhphu.vn)

The model will gather the largest number of private enterprises, designed to implement solutions for the growth across industries and sectors.

Director of Board IV Office Pham Thi Ngoc Thuy called ViPEL a pivotal bridge connecting private enterprises to concretise the Politburo's Resolution 68 on the development of the private economic sector.

The initiative is a high-level public–private dialogue, to be held annually, to take stock of the private sector’s progress, address strategic challenges, and chart breakthrough models for both national economic growth and business development.

At the event, the ViPEL Executive Council was introduced, featuring key entrepreneurs, including the FPT Chairman, CEO and Co-founder of VinaCapital Don Lam, Chairman and CEO of U&I Investment Corporation (Unigroup) Mai Huu Tin, and Chairwoman of Sovico Group Nguyen Thi Phuong Thao./.

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