On the morning of November 27th, in Hanoi, the 8th National Congress of the Vietnam Young Entrepreneurs Association for the 2025-2030 term held its solemn session. The event was attended by Prime Minister Pham Minh Chinh, leaders from various central ministries and agencies, and 900 official delegates—prominent young entrepreneurs representing over 21,000 young business members nationwide.
Addressing the congress, Prime Minister Pham Minh Chinh emphasized that the business community is the primary material production force of Vietnam’s economy, playing a crucial role in the nation’s socialist construction and development. After nearly 40 years of renewal, Vietnam’s economy has grown impressively. The 2025 GDP is estimated at over 510 billion USD, with a per capita GDP of approximately 5,000 USD, officially elevating Vietnam to the upper-middle-income country group.
Currently, Vietnam boasts over 1 million active businesses, with the private sector contributing more than 60% of GDP and employing around 30% of the workforce—approximately 15.6 million laborers, of which private enterprises account for 82%.
Mr. Do Vinh Quang, Vice Chairman of T&T Group’s Board of Directors and Chairman of Vietravel Airlines’ Board of Directors, attends the congress.
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Highlighting the economic landscape and the growing role of the business community, Prime Minister Pham Minh Chinh urged the Vietnam Young Entrepreneurs Association to embrace a vision of “far-sightedness, broad perspective, deep thinking, and bold action,” prioritizing “time, intellect, and decisiveness.” He called for unity to build strength, cooperation to create benefits, and dialogue to foster trust, emphasizing six pioneering initiatives.
These initiatives include fostering a new generation of young entrepreneurs with revolutionary ideals, strong national pride, and a burning desire to contribute. They must boldly tackle challenges and innovate. Additionally, the association aims to cultivate a distinct Vietnamese entrepreneurial culture—“Pure hearts, bright minds, grand ambitions, and dedication to the nation and its people.” Young entrepreneurs must prosper ethically, uphold the law, and prioritize social responsibility, caring for their employees and fostering solidarity.
Notably, the congress announced the results of consultations and introduced the 8th Central Committee of the Vietnam Young Entrepreneurs Association, along with its key leaders. Mr. Do Vinh Quang, Vice Chairman of T&T Group’s Board of Directors and Chairman of Vietravel Airlines’ Board of Directors, was elected to the committee.
This appointment not only recognizes Mr. Do Vinh Quang’s individual achievements but also underscores T&T Group’s role, reputation, and contributions to Vietnam’s business community. It highlights the group’s commitment to supporting and guiding young entrepreneurs—a vital force in the private sector’s new development phase.
The congress marks a new chapter for the Vietnam Young Entrepreneurs Association, focusing on enhancing connectivity, fostering innovation, integration, and competitiveness among young businesses nationwide.
The 8th Central Committee of the Vietnam Young Entrepreneurs Association is introduced at the congress.
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During the 8th National Congress, T&T Group and the Vietnam Young Entrepreneurs Association signed a strategic cooperation memorandum, directly linking two key private sector forces: major corporations and young entrepreneurs.
Under this agreement, T&T Group will offer exclusive benefits to association members across its core sectors, including aviation, real estate, retail, handicrafts, sports, and agriculture. This partnership aims to create new business opportunities, enabling members to access T&T Group’s diverse ecosystem and collaborate on product development and distribution.
Mr. Do Vinh Quang (far right) and representatives from various businesses sign the cooperation memorandum with the Vietnam Young Entrepreneurs Association.
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In return, the Vietnam Young Entrepreneurs Association will promote T&T Group’s products and services among its members and facilitate the distribution of member-developed products and services.
According to Mr. Do Vinh Quang, this partnership reflects T&T Group’s commitment to supporting young entrepreneurs, aligning with the Politburo’s Resolution 68. By connecting young businesses with major corporations, new value chains will emerge, enhancing Vietnamese enterprises’ competitiveness and driving innovation across the entrepreneurial ecosystem.
“Through this collaboration, we aim to deepen our support for young entrepreneurs, creating new value chains and contributing to Vietnam’s development,” emphasized Mr. Do Vinh Quang.
Earlier, on November 18th, T&T Group and Ca Mau Province signed a memorandum to collaborate on critical sectors, including infrastructure, urban development, logistics, and energy, in the southernmost region of Vietnam.
In the latter half of 2025, T&T Group engaged in numerous trade promotion activities with domestic and international partners, focusing on large-scale projects in energy, logistics, aviation, real estate, and industry. These efforts underscore T&T Group’s long-term vision to invest in key sectors, fostering regional development and integrating Vietnam into global value chains.
– 10:52 28/11/2025
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