Despite economic expansion, Vietnam’s private businesses remain small globally. What challenges do they face?

General Secretary To Lam emphasizes the need for a well-defined strategy to remove barriers and foster the growth of Vietnam’s private sector, which contributes over 50% of GDP but faces structural challenges.

The Vietnamese government is prioritizing private sector development as the key driver of economic growth. With over 50% of GDP contribution and 80% of employment creation, private enterprises are essential for Vietnam’s long-term prosperity.

The private sector is the country’s intrinsic strength - its deeply rooted and enduring value. Yet, it remains fragile in its development. This highlights the fact that Vietnam still has ample room for growth.

As Vietnam enters a new era of national advancement, the private sector is casting off the struggles of the past to thrive and contribute to the nation’s prosperity.

Establishing a strong and competitive private sector is essential for Vietnam's economic independence and sustainable development.

Like an airplane needing speed to take off, Vietnam's economy must gain momentum in the coming years to overcome challenges and reach new heights. Without acceleration, the risk of stagnation looms.

Vietnam’s private enterprises have grown significantly, but they still lag behind global competitors. With around 20 hidden billionaires, experts say the country's private sector has room for much more expansion.

To elevate Vietnamese businesses to international success, policies focusing on innovation, global competitiveness, and long-term support are critical.

The private sector in Vietnam plays a crucial role in the economy, but why do these resilient businesses struggle to thrive? This article delves into the complexities of their stunted growth.

The meeting between the Government Standing Committee and private enterprises on September 21 is a special event during a special development period.

Vua Nệm, Vietnam’s leading mattress retailer, has made significant strides in financial health following a year of strategic restructuring.

Ongoing assistance will see Vietnam's private sector truly become a driver of economic growth, stakeholders said.