Business Forum 2024 “Unleashing new growth drivers” chaired by VCCI, Business Forum Magazine in coordination with relevant agencies.

Recognizing the increasingly important role of the business community in the new economic development period, on the basis of summarizing the results of implementing Resolution No. 09-NQ/TW on building and promoting the role of the Vietnamese business community in the period of accelerating industrialization, modernization and international integration, on October 10, 2023, the Politburo issued Resolution No. 41-NQ/TW on building and promoting the role of the Vietnamese business community in the new period.

“Party’s will and people’s heart”

Along with the economic recovery and the Government’s efforts to prioritize macroeconomic stability and inflation control, the number of enterprises operating in economic sectors has increased gradually over the years.

This is a very encouraging sign showing that the Government’s policies have been effective, creating confidence and opportunities for the business community. In 2024 alone, the number of newly registered enterprises reached more than 147,000. In addition, the Vietnamese national brand with 190 enterprises and a total of 359 products has made remarkable progress. Vietnam is not only in the Top 100 countries with strong brands, but also the country with the fastest growth rate in brand value in the world in the period 2019-2022.

Vietnam's brand value in 2024 is ranked 32nd out of 193 countries assessed, reaching 507 billion USD, up 1 rank and up 2% in value compared to 2023.

However, along with the great achievements after 40 years of innovation in the process of building and developing the country, the world is in a period of strong change, bringing new opportunities and advantages, but also new difficulties and challenges for Vietnamese enterprises.

Therefore, Resolution 41 sets the goal that by 2030, Vietnam will develop a team of entrepreneurs with the scale, capacity and qualifications to meet the goals of industrialization and modernization of the country. Strive to have more and more enterprises reaching regional level, some enterprises reaching world level.

Some large enterprises have a leading role in key industries and fields. Some enterprises have important positions and roles in the global supply chain and value chain, mastering a number of industrial and agricultural value chains, and having international competitiveness in basic, priority and spearhead industries.

To achieve this goal, the solidarity, consensus, and will of the Party blend with the people's aspirations to build a prosperous, happy and prosperous country, join hands and unite, strongly promote national spirit, the spirit of self-reliance, self-confidence, self-reliance, self-reliance, national pride, closely combine national strength with the strength of the times, promote digital transformation, develop digital economy, green economy and apply science and technology 4.0 to all areas of development and management of macro and micro life.

Building leading enterprises

World and domestic reality shows that creating excitement and confidence in enterprises, promoting restructuring associated with growth model innovation, improving competitiveness on the basis of exploiting positive achievements from the market economy, scientific and technological revolution, modernizing management structures and institutions is a common development method of all countries.

To expand scale, improve competitiveness, production capacity for enterprises in the digital economy, sharing economy, circular economy, green economy, first of all, the State needs to play the role of "support", creating from policies, supporting capital and credit access so that enterprises can more easily access credit sources, there needs to be a harmony of interests between factors such as credit institutions, enterprises and the State's mechanisms and policies.

Second, improve the capacity of enterprises in technological innovation and organizational innovation (through structural transformation, operational development strategy and implementation culture). Policies are needed to support training of enterprises on how to best use technology and these policies will be adjusted accordingly when technological capacity in enterprises improves, upgrades and develops.

Strengthen international cooperation in science and technology, import advanced technology from outside, to meet production requirements, improve the competitiveness of domestically produced products. To effectively implement this solution, there needs to be open policies to encourage market development, enhance the exchange and transfer of science and technology between domestic and foreign enterprises.

Third, there needs to be synchronous coordination between parties in building and implementing policies to support enterprises to proactively participate in the global value chain.