The Prime Minister has recently hosted a dialogue with enterprises and business associations to effectively implement Resolution 68-NQ/TW of the Political Bureau on private economic development.
At the dialogue, Ms. Mai Kieu Lien, CEO of Vinamilk, shared her insights on the country’s economic development path and the role of private enterprises in the new phase.
She stated that the orientations set by the Government are entirely feasible and can be rapidly deployed with unity and high determination.
“We believe that if we can accomplish this, it won’t take until 2025 or 2030, but we can achieve it at an incredible speed, just like the Ho Chi Minh Campaign, which took only a few months. I think we can do it,” said the CEO of Vinamilk.
Reflecting on the country’s development journey, Ms. Mai Kieu Lien emphasized the role of the renewal resolutions from the Sixth Congress, where the initiative to grant autonomy to enterprises marked a crucial turning point, leading the country from famine to self-sufficiency and even exporting foodstuff.
She also commended the equity policy from the Eighth Congress, which promoted the formation and robust development of the private sector. Particularly, she anticipated that Resolution 68 of the Central Committee and the Politburo would create a new milestone for Vietnam’s economy.
“Within just a decade, private companies have made remarkable strides. The current Resolution 68 of the Central Committee and the Politburo will be another milestone for our economic development,” said Ms. Mai Kieu Lien.
Moreover, as a witness to Vietnam’s transformative phases, the CEO of Vinamilk recognized that although the country started from a low base, it now enjoys a significant advantage in adopting modern technologies.
“We have the advantage of taking shortcuts. There are new technologies that might take 10 to 15 years to learn and research, but we can now access and apply them immediately. This is a considerable advantage for latecomers,” she said.
As an illustration, she cited the example of the North-South Expressway, stating that with focus and determination, it can be constructed swiftly and even improved by applying the latest technology.
Additionally, Ms. Mai Kieu Lien affirmed that the decisive factor in success or failure lies not only in policies but mainly in human factors.
“The Government’s resolutions and policies are very clear. It’s up to us to implement them effectively. It all comes down to people. In a company, success or failure depends on its people, and the same goes for a country. If everyone unites with the Government and implements the policies correctly and thoroughly, I believe all enterprises will thrive, and this is a global trend,” emphasized the CEO of Vinamilk.
Ms. Mai Kieu Lien also asserted that if all social strata, from the Government to enterprises, unite in implementing the policies correctly, Vietnam can achieve sustainable development. This development should not only focus on revenue or GDP growth but also aim for a “clean and green” economy.
Finally, she proposed a mechanism to promptly address enterprises’ concerns with specificity and transparency in timing: “For businesses, seizing opportunities can mean getting ahead by five or ten years, but missing them can set us back by fifty years. In our company, when an issue arises, it must be resolved within 48 hours by the decision-maker.”
She suggested that the Government and ministries set a specific timeframe, such as seven or fifteen days, to address enterprises’ concerns promptly.
“If we can resolve these issues, it will be like unblocking a water flow, which will stagnate if obstructed but flourish if unblocked,” said Ms. Mai Kieu Lien, CEO of Vinamilk.
Billionaire Tran Dinh Long: ‘Outsourcing Expedites, But Homegrown Manufacturing Protects Our Railway Industry’
“The North-South high-speed railway is a once-in-a-millennium opportunity,” asserts Tran Dinh Long, Chairman of Hoa Phat Group. He emphasizes that while engaging foreign contractors could expedite the project, nurturing the domestic railway industry and promoting local production are paramount.
“Unraveling Business Conundrums: A Conversation with Mai Kiều Liên”
“It takes time to untangle the complexities of a business,” says Mai Kieu Lien. “But once those knots are undone, progress will flow like water unblocked and ready to surge forward.”
“Proposed Annual Business Inspections: A Single, Coordinated Approach”
“A proposal has been put forward by Mr. Nguyen Quoc Hiep, suggesting the need for a coordinating agency to oversee inspection and examination work. The primary goal is to ensure that businesses are inspected only once a year, thereby reducing any potential burden on enterprises.”
Dr. Can Van Luc: Building a Corps of Competent and Ethical Entrepreneurs
“Dr. Can Van Luc emphasizes that one of the most important solutions put forward by Resolution 68-NQ/TW is to foster a community of competent and cultured entrepreneurs who abide by the law and conduct themselves with integrity and adherence to ethical business standards.”
The Breakthrough Era for Private Economy
Private enterprises are now encouraged to enter strategic sectors that were once considered “off-limits”, such as defense industry, security, and high-speed railways.
