Political determination for high growth and sustainable development has never been clearer. A double-digit growth target has been set as a central task and is being translated into a series of breakthrough resolutions.

Resolution 68 on private sector development is seen as a consistent direction, confirming the sector’s role as a growth driver while calling for the removal of barriers and biases and the creation of a fair and transparent business environment.

Alongside this are resolutions on science and technology, innovation, digital transformation, international integration, and legal framework improvement, forming a coordinated policy system that opens up new development space for Vietnamese enterprises.

The issue is not a lack of direction, but the need to unlock resources so that policies can be put into practice. When institutions are not fully streamlined, procedures remain complex, and access to capital, land, and information is limited, opportunities, even when present, are difficult to turn into growth.

Excerpt from remarks by VCCI President Ho Sy Hung at the 12th VCCI Executive Committee Conference, 7th tenure, April 2, 2026, Hanoi

VCCI as a support base for Vietnamese enterprises to go global

Nguyen Hoang, VCCI Executive Committee Member, Chairman of Hanoi Supporting Industries Business Association (Hansiba), Chairman of N&G Group Vietnam

Over 63 years of development, VCCI has affirmed its role as an important representative organization for Vietnamese enterprises and entrepreneurs. Beyond serving as a bridge between businesses and the Party and the State, VCCI has also taken part in policy feedback, making recommendations and proposing solutions to address both immediate difficulties and medium- and long-term issues, creating conditions for businesses to develop and contribute effectively to the economy.

In the current context, as Vietnam enters a development phase marked by both opportunities and challenges, VCCI is expected to continue playing a key role in supporting the business community in promoting growth, improving competitiveness, and advancing international integration. Despite facing considerable difficulties in the recent term, VCCI has continued to stand with enterprises, helping to resolve obstacles and contributing to policy improvement as well as addressing administrative procedures that create barriers in business operations.

Towards the 2026-2031 term, VCCI is expected to continue serving as a leading organization, not only as a representative body but also as a solid support base and a driving force guiding Vietnamese enterprises toward global expansion. With more than one million enterprises and continuing growth, VCCI will strengthen its role in connecting, supporting, and accompanying businesses in improving competitiveness, adapting flexibly to new conditions, and gradually entering international markets.

Building on more than 60 years of development, VCCI needs to move to a new level to meet the expectations of Vietnamese enterprises and, in particular, the development requirements of Vietnam in the new era, including the State’s targeted double-digit growth. VCCI must modernize to support Vietnamese enterprises in affirming their position on the global stage, contributing to fast and sustainable development, higher income, and progress toward the country’s 100-year milestone.

Energy security and raw materials are the foundation of sustainable production

Tran Viet Anh, VCCI Executive Committee Member and Chairman of Nam Thai Son Group

The current period is marked by growing pressure on energy, which is having a significant impact on business and production activities. Beyond rising costs, the more serious issue is the instability of supply, leaving many enterprises in a reactive position.

In particular, the risk of raw material shortages is becoming clear in sectors such as plastics, fertilizers, and animal feed. Many business contracts have had to be canceled due to force majeure, simply because there are no goods to supply, or because input prices have risen so sharply that companies cannot fulfill their commitments. This affects not only individual firms but also the entire production and supply chain.

In this context, VCCI should make strong recommendations to the Government to prevent shortages of input materials. This is a matter of survival for production.

The Government needs to play a role in regulating the market, including necessary interventions at sensitive times, to stabilize supply, control input costs, and support enterprises in maintaining production.

Over the long term, solutions are needed to ensure energy security, diversify sources of raw materials, and reduce reliance on external sources. If these issues are not addressed in a timely manner, the goal of double-digit growth will face serious challenges. Conversely, when supply is secured, businesses will be better positioned to recover and contribute more effectively to economic growth.

Institutional bottlenecks must be addressed thoroughly

Do Van Ve, VCCI Executive Committee Member and Chairman of the Hung Yen Business Association

To achieve double-digit economic growth, the priority is to fully remove institutional bottlenecks. If mechanisms, policies, and especially implementation are not handled thoroughly, it will be difficult to achieve breakthrough growth. This is a fundamental issue that requires consistent and coordinated action from the central to local levels.

At the same time, it is necessary to ensure essential inputs for the economy such as electricity, land, and infrastructure, while strongly developing the private sector, which serves as the main driver of growth. In addition, labor productivity needs to be improved based on modern science and technology and the ongoing process of digital transformation.

Another important issue is to effectively unlock capital flows for the economy, enabling the business community to access financial resources more easily. This will help reduce costs and strengthen resilience, creating conditions for enterprises to expand production and business activities in a challenging market environment.

In terms of specific solutions, it is necessary to continue improving institutions in a consistent and transparent manner; carry out meaningful administrative reforms; focus on resolving land-related difficulties; and support businesses in accessing capital at reasonable costs. At the same time, it is important to promote innovation, digital transformation, and build mechanisms to receive and address business feedback in a transparent and effective way.

If institutional bottlenecks are removed and the business environment is genuinely improved, Vietnamese enterprises can achieve strong breakthroughs and develop sustainably in the coming period.

Entrepreneurs must lead innovation and create real value

Ngo Ba Duc, Standing Vice Chairman and Secretary General of the Hai Phong Gemstones Jewelry and Art Craft Association

After nearly four decades of reforms, Vietnam’s business community has grown significantly in both scale and quality, yet the demands of a new development phase require a stronger shift from traditional business entrepreneurs to innovation-driven entrepreneurs. This is not only a change in market approach, but a shift in development thinking, with innovation, value creation, and sustainability as core pillars.

Throughout its development, VCCI has played a central role in shaping the business environment, from providing policy feedback and improving the investment climate to connecting businesses with international markets. In the new phase, this role needs to be strengthened in a more practical way, particularly in supporting enterprises to improve governance capacity, digital transformation, and standardization to participate more deeply in global value chains.

For the gem and jewelry sector, challenges come not only from the market but also from design capacity, production technology, and brand building. If businesses remain limited to processing or relying on traditional value, they will find it difficult to build long-term competitive advantages. Therefore, entrepreneurs in the sector need to take the initiative in investing in creativity, technology, and product origin transparency, thereby raising the industry’s value and position in international markets.

Ultimately, innovation-driven entrepreneurs must not only generate profits but also create new value for the economy. When each enterprise becomes a center of innovation, the economy will gain stronger momentum for faster and more sustainable growth.