private sector

Update news private sector

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.

IDI sets the highest growth target in its history in 2022

At the 2022 Annual General Meeting of Shareholders of the IDI International Development and Investment Corporation (IDI), held on April 10, 2022 shareholders voted to approve the company’s published reports and plans.

Sao Mai Group’s shareholders approve bold targets for 2022

The Covid-19 pandemic ravaged the world economy last year and pushed many businesses to bankruptcy or dissolution. Sao Mai Group, at the same time, overcame this harsh test to get impressive business results.

Aspirations of Vietnamese youth: 'I want to be an entrepreneur'

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.

Private sector plays key role in post-pandemic recovery

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. 

Transport Ministry proposes allowing private firms to invest in airport projects

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.

Vietnam needs large-sized corporations

After 30 years of development, South Korea has had hundreds of large-sized corporations, while most Vietnamese businesses are small and medium-sized after three decades of Doi Moi (reform).

Vietnam needs more private corporations

After over 30 years of Doi Moi (reform), Vietnam has had large private groups operating in many industries with international stature. There are also Vietnamese USD billionaires, but only a handful.


New business ideas arise amid the pandemic

Due to the influence of Covid-19, many people have created their own jobs, businesses or moved to technology-based industries.


Private businesses in the Covid-19 pandemic

According to unofficial statistics of the Central Institute for Economic Management, many private businesses have importantly contributed to the country’s fight against the COVID-19 epidemic.


Vietnamese need to be of the same mindset to overcome current challenges

The current challenges are unprecedented and Vietnamese people need to share the same mindset to overcome them, according to Nguyen Dinh Cung, an economist.

Private sector: the driving force for recovery and breakthrough

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.


Korean chaebol and lessons for Vietnamese family corporations

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 giants acquire foreign corporations

In 2020, Masan took over the tungsten division of H.C. Starck Tungsten, the world’s leading manufacturer with thermal resistance technology, as part of its plan to become a leading high-tech industrial material manufacturer.

Vietnam's private enterprises grow slowly

Many Vietnamese tycoons regret that the largest beer company in Vietnam, the Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco), has fallen into the hands of Thai investors.

Private sector unable to create necessary value chain

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 needs reforming to promote development of private sector

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.

Private economy - pillar of the country’s development

Government should take measures to protect private enterprises in key economic sectors to enhance their international competitiveness.

Party congress to highlight critical role of private sector

Vietnam’s development outlook is set to be formulated over the next few weeks when the 13th National Party Congress takes place in Hanoi, 

Do the Vietnamese still have a chance?

If you want to get over the rapids, you must first get off the boat. Will the next decade reach the goal of industrialization without success?