Bầu Hiển’s Son Voices Bold Proposals at Vietnam Private Economic Forum 2025

On the afternoon of September 16th, during the High-Level Dialogue Session of the Vietnam Private Sector Economic Forum 2025 (VPFS 2025), Mr. Do Vinh Quang, Vice Chairman of the Board of Directors of T&T Group and Chairman of the Board of Directors of Vietravel Airlines, proposed several critical recommendations to enhance the internal strengths of businesses.

The forum was honored to welcome Prime Minister Pham Minh Chinh, who attended and delivered a keynote speech. Nearly 1,000 delegates participated, including leaders from the Party, State, Government, central and local ministries, representatives of international organizations, experts, scientists, and the national business community.

Internal Strength: The Core Value of the Private Enterprise Sector

During the dialogue session, Mr. Do Vinh Quang, Vice Chairman of T&T Group’s Board of Directors, emphasized that the Vietnam Private Sector Economic Forum 2025 is a national-level event. It serves not only as a platform for dialogue but also as a means to concretize actions and policy proposals, aiming toward the shared goal of “Unlocking Potential – Shaping Vietnam’s Future.”

Notably, as the nation enters a new era of development with aspirations for strength and comprehensive integration, the Politburo has issued the “Four Pillar Resolutions.” According to the Vice Chairman of T&T Group, these resolutions provide a robust political and institutional framework, opening new development opportunities for the private sector to assert its role as one of the most critical drivers of the national economy.

Amid these opportunities, one of the most critical values for private enterprises to partner with the nation is their internal strength. A robust internal foundation will enable businesses to withstand fluctuations, seize opportunities, and establish a platform for integration and regional and global expansion.

T&T Group Proposes Three Key Recommendations

From a business perspective, Mr. Do Vinh Quang outlined three key recommendations to further enhance the internal strengths of the private sector.

First,

there is a need to continue refining transparent and fair competitive institutions, removing barriers to ensure private enterprises have equitable access to resources such as land, credit, infrastructure, and tax policies. This will create a stable business environment and reduce policy risks.

“When barriers are removed, private enterprises will confidently invest in the long term, even in new, challenging, and high-tech sectors, thereby enhancing competitiveness and contributing more to the economy,” stated the Vice Chairman of T&T Group.

Second,

there is a need to establish mechanisms for medium and long-term capital incentives, particularly in key sectors that serve as economic drivers and require substantial, long-term investment, such as aviation, logistics, energy, and infrastructure. Alongside enhancing preferential credit, it is essential to develop a healthy capital market, promote safe corporate bond issuance, encourage international capital mobilization, and establish infrastructure development funds and innovation funds. These will be vital resources for private enterprises to invest in national and regional-scale projects.

Third,

there is a need to accelerate digital transformation, open national data, and simplify administrative procedures. One of the significant challenges for businesses is the time and cost spent accessing information and completing investment, land, construction, tax, and customs procedures. Synchronizing data across ministries, enhancing full-cycle online public services, and expanding the national database on land, businesses, and finance will significantly save resources for both the government and enterprises. Simultaneously, this will enhance transparency, forecasting, and create a modern, favorable business environment aligned with global digital governance trends.

“These recommendations reflect the collective voice of Vietnam’s private enterprise community. We also recognize that for these proposals to become reality, each enterprise must proactively strengthen its internal capabilities and responsibilities to unlock potential, achieve breakthroughs, and collaborate with the government and fellow businesses to shape Vietnam’s future,” emphasized the Vice Chairman of T&T Group.

According to the organizers, this year’s Vietnam Private Sector Economic Forum reflects the aspirations of the business community to partner in institutional innovation and enhance the intrinsic capabilities of the private sector in the new era.