In celebration of Entrepreneurs' Day 2023 and the adoption of Politburo Resolution 41-NQ/TW, Party and State leaders sent congratulatory flower baskets to entrepreneurs, recognizing their role in driving the country’s development

Entrepreneurs must be developed to support industrialization and modernization

The resolution outlines tasks to cultivate strong, high-quality Vietnamese entrepreneurs to meet the nation’s industrialization and modernization needs. By 2030, The objective is to develop businesses that can compete in both regional and global markets, with key players in industries actively participating in global supply chains. Looking ahead to 2045, Vietnamese entrepreneurs are expected to gain international recognition, making substantial contributions to national economic growth.

The government targets having at least two million enterprises by 2030, with a higher proportion of businesses reaching a market capitalization exceeding US$1 billion, and 70% of business owners attaining university-level education or higher. Furthermore, women-owned businesses are expected to account for 20-25% of all enterprises.

To support the growth of entrepreneurs, policies will need to be strengthened and the business environment must be made more conducive to fair competition. Specifically, Resolution 41 outlines key solutions such as refining legal frameworks to foster an investment-friendly and equitable business environment. Breakthrough policies will serve as drivers for economic growth, unlocking resources for the national economy.

In addition to perfecting the socialist-oriented market economy, the government will focus on enhancing business management capabilities. The aim is to cultivate entrepreneurs with a strong sense of vision, intellect and ethics while embodying national identity. This will ensure that Vietnamese businesses contribute to both economic growth and social objectives, such as environmental protection and sustainable development.

Enhancing competitiveness and the role of entrepreneurs

Despite numerous accomplishments, the development of entrepreneurs remains uneven in terms of quality, management capability and international competitiveness. Some enterprises have yet to fully embrace business ethics, corporate culture and legal compliance.

Nguyen Trong Nghia, Head of the Central Commission for Propaganda and Education, emphasized the need for ministries, departments and localities to quickly identify the causes behind these shortcomings. Immediate action must be taken to address these issues, especially in terms of improving the legal and policy framework to encourage transparency, efficiency and ethical business practices that contribute positively to the national economy.

In an era of deep international economic integration, Vietnamese entrepreneurs must improve their competitiveness and management expertise, while also adopting a forward-thinking approach to align with global trends. Building a generation of entrepreneurs who possess not only strong business leadership skills but also a deep sense of patriotism and commitment to national development is crucial.

The Party and State place great importance on the role of entrepreneurs in national development and defense. Entrepreneurs are encouraged to continuously improve in both quality and quantity, with a focus on upholding the rule of law, participating in patriotic movements, and contributing to economic diplomacy, thereby promoting Vietnam’s global image.

Nguyen Trong Nghia stressed the importance of innovative organizational methods and strong oversight to ensure that the objectives outlined in Resolution 41-NQ/TW are realized in practice. With strong political will and concerted efforts, the goals set forth in the Resolution will soon be achieved, elevating the Vietnamese entrepreneurial community to new heights and meeting the country’s evolving development needs.