Society

Young Entrepreneurs of Nghe An 'Pioneering Innovation - Creating Value'

Thanh Quynh • DNUM_BDZBAZCACE 07:16

On the occasion of the 20th anniversary of Vietnamese Entrepreneurs' Day (October 13, 2004 - October 13, 2024), Nghe An Newspaper had a conversation with Mr. Nguyen Van Dung - Director of Kim Long Trading and Technology Company Limited, Member of the Committee of the Vietnam Youth Union of Nghe An province; Vice Chairman of the Young Entrepreneurs Association of Nghe An province.

On the occasion of the 20th anniversary of Vietnamese Entrepreneurs' Day (October 13, 2004 - October 13, 2024), Nghe An Newspaper had a conversation with Mr. Nguyen Van Dung - Director of Kim Long Trading and Technology Company Limited, Member of the Committee of the Vietnam Youth Union of Nghe An province; Vice Chairman of the Young Entrepreneurs Association of Nghe An province.

Thanh Quynh(Implementation) • October 13, 2024

PV:It can be seen that knowledge, responsibility and the spirit of integration are the core factors that help the business community affirm their position and role in the new situation. So, in your opinion, how have the young business community of Nghe An promoted these factors to contribute to building a sustainable business system in the current context?

Mr. Nguyen Van Dung:Faced with the rapidly changing and fiercely competitive global and domestic markets, urgent requirements have been set to motivate young entrepreneurs to make every effort to improve their knowledge, promote a sense of responsibility and enhance their ability to integrate. In particular, professional knowledge is an important foundation, requiring a deep understanding of the business's field of operation, management skills, finance, marketing and technology to meet new needs arising from practice.

They actively upgrade their skills through courses, seminars, and research to stay up to date with new trends in the industry. This helps them perfect their ability to analyze the market and make strategic decisions based on data, helping them accurately forecast the opportunities and challenges that lie ahead.

Not only focusing on business, young entrepreneurs also have the responsibility to contribute positively to the community, maintain transparent business ethics, comply with the law and apply sustainable business methods, optimize production processes and minimize environmental impact.

The province's young entrepreneurs have also made efforts to flexibly adapt to changes in the international market and are ready to participate in the global value chain. Since 2019, the association has guided, introduced, and connected members to participate in domestic and international trade promotion activities organized by the Central Committee of the Vietnam Young Entrepreneurs Association and the People's Committee of Nghe An province.

In particular, in May 2023, the association organized a delegation to attend the Trade Connection program in Guangzhou - China. Thereby, the Nghe An Provincial Young Entrepreneurs Association successfully signed a trade cooperation agreement with the Guangzhou Young Entrepreneurs Association, had the opportunity to visit the operating model at the Logistics Company and work and exchange with the Guangzhou Logistics Association; Attend the Catonfail Fair... After the program, the units had many successful cooperations with foreign enterprises. In addition, the association has become a bridge for member enterprises to attend working delegations with domestic and foreign partners such as Japan, Korea, Laos to seek many investment opportunities..

The above efforts are the premise for Nghe An enterprises to gradually build a sustainable direction in the new situation. Many business owners have achieved noble awards such as: Red Star Entrepreneur Award; Vietnam Golden Star Award; Outstanding Young Entrepreneur Award and awards for nomination of outstanding individual members receiving Certificates of Merit from the Central Committee of the Vietnam Young Entrepreneurs Association, Nghe An Provincial People's Committee, Vietnam Fatherland Front Committee of Nghe An Province, Vietnam Youth Union of Nghe An Province...

At the same time, member enterprises have good growth rates, including some enterprises achieving growth rates of over 60% per year. The number of enterprises operating in “high-brain” fields such as agriculture, information technology, telecommunications, training, and some technical and consulting services has also grown continuously, contributing significantly to the comprehensive development of the province.

PV:According to you, in the context of Nghe An's efforts to improve the investment environment, what opportunities and challenges are there for young entrepreneurs?

Mr. Nguyen Van Dung:The improvement of the investment environment and policies to encourage startups in Nghe An province have opened up many great opportunities for young entrepreneurs. Enterprises can access preferential capital sources, financial support policies and programs to connect domestic and foreign enterprises. This helps them not only expand their scale but also promote innovation and apply new technology in the production and business process. In addition, Nghe An has created specific policies to encourage entrepreneurship such as improving the PCI index (provincial competitiveness index) through administrative procedure reform, increasing transparency in investment-related activities. This creates an attractive and favorable investment environment for young enterprises.

At the same time, industrial parks are strongly developed, transport infrastructure and production and business support services are upgraded, helping businesses more easily access resources, connect trade and logistics, thereby expanding production scale and improving competitiveness in the market. Infrastructure development not only helps businesses reduce operating costs but also improves operational efficiency, creating important competitive advantages in the modern economic context.

However, besides the advantages, there are still many challenges. Nghe An is currently a destination not only for large domestic enterprises but also for enterprises from abroad. This creates great competition in terms of product quality, services, human resources, technology and market.

To survive and develop sustainably in a volatile economic environment, young entrepreneurs must not only be creative but also flexible in applying new business models. Young entrepreneurs in Nghe An need to take advantage of opportunities from provincial policies and at the same time proactively build long-term development strategies, focusing on improving the quality of products and services. They also need to invest in new technology, improve production processes, and optimize costs to increase competitiveness.

At the same time, it is necessary to seek and develop quality human resources, especially in areas requiring high technical requirements such as information technology, production management and market development. Training and retaining talent is an important factor to improve competitiveness. Linking with businesses in and outside the province, as well as seeking international markets, will open up new and sustainable directions.

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Young entrepreneurs in Nghe An need to take advantage of opportunities from the province's policies and at the same time proactively build long-term development strategies, focusing on improving the quality of products and services.

Mr. Nguyen Van Dung - Vice President of Nghe An Province Young Entrepreneurs Association

PV:In addition to business development, what meaningful social security activities have the young entrepreneurs implemented to create sustainable values ​​for the community, sir?

Mr. Nguyen Van Dung: Along with the province's social security policies, Nghe An Young Entrepreneurs Association has implemented many meaningful activities such as donating houses of gratitude to policy households; participating in building bridges for disadvantaged areas; supporting people affected by natural disasters and the Covid-19 pandemic. In addition, the association regularly coordinates with the Provincial Youth Union and the Vietnam Youth Union to organize programs such as "Warm Spring - Loving Tet", "Warm Tet at the Border", organizing "Tet for the Poor" races to contribute to the sustainable development of the community. It is estimated that more than 6 billion VND has been donated and supported by businesses through the association's channels. In addition, businesses also implement many social security activities through their internal activities to support disadvantaged areas inside and outside the province.

More importantly, the Provincial Young Entrepreneurs Association also contributes to the goal of creating jobs for young people in the province, while diversifying activities towards sustainable development of the locality. Specifically, the association has selected and introduced members to participate: Members of the Central Committee of the Vietnam Fatherland Front; Members of the Executive Committee of the Vietnam Youth Union; Members of the Central Executive Committee of the Vietnam Young Entrepreneurs Association for various terms to bring the voice of the business community to the government; propose ideas and suggestions to join hands in building and developing Nghe An province.

Every year, the Provincial Young Entrepreneurs Association organizes "Job Fair" programs attracting nearly hundreds of students and young people to participate. The Association has coordinated with the Vietnam Youth Union of Nghe An province to organize the "Youth Creative Startup" contest and awarded many valuable gifts to students in difficult circumstances. Implementing teaching, training programs, sharing business and business management experiences; participating in investing in businesses that operate effectively but lack capital; supporting startups in legal matters, accessing policies and preferential capital sources of the province.

At the same time, we strive to take care of the interests of workers, protect the environment, pay attention to social and community interests, organize many healthy cultural and sports activities, contribute to improving the spiritual life of workers, and position the brand "Young Entrepreneurs" of Nghe An in the new situation!

PV:Thanks for the chat!