“Who is the Entrepreneur Who Just Dialogued with the Prime Minister at the Conference on Disseminating Resolution 68?”

On May 18, a conference was held at the Diên Hồng Hall of the National Assembly to propagate and implement Resolution 66-NQ/TW on innovating the construction and enforcement of laws and Resolution 68-NQ/TW on private economic development.

During the conference, Prime Minister Pham Minh Chinh directly dialogued and addressed the business community’s proposals, even though this activity was not in the official conference program. This openness reflects the Party and Government’s special attention to the private sector, in line with the spirit of Resolution 68.

As the first entrepreneur encouraged by the Prime Minister to speak, Mr. Vu Van Tien, Chairman of the Board of Directors of Geleximco Group, frankly and passionately shared his thoughts on the role and expectations of the private sector in the country’s new development phase.

Entrepreneur Vu Van Tien believes that Resolution 68 accurately and comprehensively addresses the obstacles and challenges that private enterprises have faced over the years.

According to him, the issuance of this resolution is like “a rain shower during a drought.” He and many other entrepreneurs have always wanted to contribute and invest in development but have often been hindered by institutional and policy barriers. Resolution 68 is a breakthrough to liberate the spirit and resources of private enterprises.

The entrepreneur emphasizes that the most important thing now is how to actually implement the resolution to create real change.

Vu Van Tien, born in 1959, hails from a farming family in Tien Hai district, Thai Binh province. He is currently the Chairman of the Board of Directors and General Director of Geleximco Group, a company he founded and has led since 1993. Geleximco is a private multi-sector enterprise with annual revenue exceeding VND 20,000 billion and total assets of up to VND 80,000 billion.

In the industrial production sector, Geleximco owns significant projects such as the An Hoa Pulp and Paper Mill in Tuyen Quang, the Thang Long Cement Plant in Quang Ninh, and the recent Omoda & Jaecoo automobile assembly plant project in Thai Binh with an investment of USD 800 million.

In real estate, Geleximco has made its mark with large-scale urban areas in Hanoi and Quang Ninh, particularly the Dragon Ocean Do Son project in Hai Phong, with a total investment of over VND 30,000 billion on an area of 480 hectares.

Besides production and real estate investment, Mr. Vu Van Tien is also a prominent figure in the financial sector. He serves as the Vice Chairman of the Board of Directors and Head of the Digital Transformation and Banking Committee at An Binh Joint Stock Commercial Bank (ABBank). He and Geleximco Group currently hold nearly 78 million ABB shares, equivalent to more than VND 600 billion at the current market price.

Additionally, Geleximco also owns nearly 46.3 million shares of An Binh Securities Joint Stock Company (ABW), valued at over VND 343 billion. The total value of shares held by Mr. Tien and Geleximco in these two financial enterprises is estimated at approximately VND 944 billion.

Mr. Vu Van Tien served as the Chairman of ABBank’s Board of Directors from 2005 to 2018 and has been associated with the bank since 2003.

Notably, the current Chairman of ABBank’s Board of Directors is Mr. Dao Manh Khang, Mr. Vu Van Tien’s brother-in-law.