Despite the Covid-19 pandemic, the Travel Investment and Seafood Development Corporation (Trisedco) recorded impressive business results in the fiscal year 2021, with net revenue reaching nearly VND2,26 trillion, 107.62% higher than the plan.
The young generation has a great desire for doing business to become prosperous on their own. This is a good condition to develop a strong team of entrepreneurs who can play the role of a "launch pad" for the country’s development.
Vietnam's emerging and dynamic private sector proved its resilience during the Covid-19 pandemic as it helped the country become one of the few countries to obtain positive growth in 2020.
The Ministry of Transport has proposed mobilizing private resources under the public-private partnership model for new airport projects, such as Quang Tri, Sa Pa and Cao Bang.
The current challenges are unprecedented and Vietnamese people need to share the same mindset to overcome them, according to Nguyen Dinh Cung, an economist.
Economic experts say that for over 30 years of development, Vietnam has not yet built a strong team of private enterprises which play the role of a "launch pad" for the country's economic development.
It has become common for many Vietnamese entrepreneurs to give senior management positions in their businesses to their children, gradually creating a business continuity tradition in private corporations in Vietnam.
Vietnamese enterprises are facing setbacks and obstacles in the process to build value chains, which are essential for growth, healthy competition and more export opportunities in foreign markets.
State management reform to promote the development of the private sector is one of the important contents stated in the resolution of the 13th National Party Congress.
Government should take measures to protect private enterprises in key economic sectors to enhance their international competitiveness.
Vietnam’s development outlook is set to be formulated over the next few weeks when the 13th National Party Congress takes place in Hanoi,