On September 11, the Private Economic Research and Development Board (Board IV) launched the “Panorama of Vietnam’s Private Economy” model and introduced the Executive Council and key personnel of the Committees within the framework of the 1st Panorama of Vietnam’s Private Economy Program.
Inauguration of the Executive Council of the Panorama of Vietnam’s Private Economy Model
The inauguration of the Executive Council was graced by the presence of prominent entrepreneurs, including Mr. Truong Gia Binh (Chairman of FPT Corporation and Head of Board IV), Mr. Don Lam (CEO of VinaCapital), Mr. Mai Huu Tin (CEO of U&I Corporation), Mr. Vu Van Tien (Chairman of Geleximco Group), Ms. Nguyen Thi Phuong Thao (Chairwoman of Sovico Group), and Ms. Cao Thi Ngoc Dung (Chairwoman of Phu Nhuan Jewelry Joint Stock Company – PNJ), along with key leaders of the Committees and representatives from enterprises such as Gemadept, Shinec, Euro Window, Dai Dung, Thai Hung, AA Coporation, Vinh Hiep, Hanel PT, and TMG.
This significant step aimed to elaborate on the objectives, values, and operating mechanisms of the model, leading up to the 1st Panorama of Vietnam’s Private Economy, a major event scheduled for October 10, 2025, in Hanoi, coinciding with Vietnam Entrepreneurs’ Day.
Mr. Truong Gia Binh, Head of Board IV and a member of the Executive Council of the Panorama of Vietnam’s Private Economy, shared his vision: “The tide has turned for our nation, and each entrepreneur must now answer the call of what we can contribute towards the goal of ‘Public-Private Nation Building: Vigor and Prosperity.'”
Panorama of Vietnam’s Private Economy Model: “Public-Private Nation Building: Vigor and Prosperity”
The Panorama of Vietnam’s Private Economy model aspires to achieve the goal of “Public-Private Nation Building: Vigor and Prosperity.” It promotes a collaborative mechanism where the private sector and state agencies work together in economic development. The model also serves as a hub for the convergence of intellect, resources, and influential voices, offering profound solutions from the community of private enterprises, both large and small. This collective effort contributes to realizing the objective of developing the private economic sector into the most crucial driving force of the economy.”
Ms. Nguyen Thi Phuong Thao, Chairwoman of the Sovico Group, emphasized that the private sector currently contributes over 40% of GDP, and we are striving to increase this figure to 60-70%.
“Private enterprises stand shoulder to shoulder with the government in policy formulation, ensuring that every economic decision is grounded in scientific and practical insights,” asserted Ms. Thao. “This is not merely a tool but a lever to unlock resources and elevate the private sector as a national pillar, playing a pivotal role in the country’s development toward 2030 and the vision for 2045.
We understand that the responsibility of entrepreneurs extends beyond profits to encompass social value creation, sustainable development, environmental protection, and instilling faith in our nation,” she emphasized.
Title: Experts: The Financial Clout and Contributions of Private Enterprises Have Far Surpassed the “Start-up” or “Complementary” Stages.
“The growing presence of private sector involvement in government budgets is indicative of a maturing Vietnamese economy, where resources are allocated in a more multi-pillar and balanced fashion.” – Mr. Phan Vu Hoang, Deputy General Director of Tax and Legal Advisory Services at Deloitte Vietnam, commented on the recently released PRIVATE 100 list by CafeF.
Proposed Railway Project: The Western Link – Connecting the Old Binh Duong Province
The Bau Bang – Moc Bai railway line will connect the industrial parks of the old Binh Duong and Tay Ninh provinces. This strategic infrastructure project will facilitate the efficient transportation of goods and passengers between these two important economic zones, fostering industrial growth and enhancing connectivity in the region. With a focus on seamless connectivity and streamlined logistics, this railway line is poised to become a vital transportation artery, catalyzing economic development and transforming the landscape of industrial operations in these provinces.
What Do Record-High Remittances to Vietnam Signify?
In 2024, Vietnam witnessed a remarkable influx of remittances, totaling approximately $16 billion. Ho Chi Minh City, a bustling metropolitan hub, led the way with an impressive $9.6 billion, reflecting a significant increase of $140 million from the previous year. This substantial sum is a testament to the city’s thriving economy and robust financial standing, outshining foreign direct investment by a factor of three. The record-breaking figure underscores the resilience and potential of Vietnam’s financial landscape, marking a historic high that promises continued prosperity.
Sóc Sơn: The Aspiration to Become the Sustainable Northern Metropolis of the Capital
The Soc Son District Party Committee’s resolution envisions a breakthrough development by 2045, with a fresh perspective and approach, aiming to establish itself as a sustainable northern urban area of Hanoi. To achieve this ambitious goal, Soc Son will leverage its strengths and focus on economic restructuring and tourism promotion, setting a new course for its future.
The Visionary: Bầu Hiển’s Grand Plans for Ca Mau’s Transformation
CÃ Mau is envisioned as the epicenter of fisheries, energy, and eco-tourism in the Mekong Delta region, playing a pivotal strategic role in the maritime and island development of Vietnam.
