Enhancing the position of businesses and entrepreneurs in the cause of national construction and development

On October 10, General Secretary Nguyen Phu Trong signed and issued Resolution 41 of the Politburo on “Building and promoting the role of Vietnamese entrepreneurs in the new era”. The Resolution orients many important tasks and solutions to comprehensively develop the entrepreneur community in the new era, identifying the task of creating a favorable, safe, and equal investment and business environment for businesses to develop and make worthy contributions to the country as the responsibility of the Party, the State, and the entire political system; developing the entrepreneur community is associated with the process of perfecting the socialist-oriented market economy.

JobIssue Resolution 41On the occasion of the celebration of “Vietnamese Entrepreneurs Day October 13”, the Party and State acknowledge the important contributions of Vietnamese entrepreneurs and businesses to the development of the country in recent times. At the same time, it suggests major orientations as a basis for setting out specific tasks and solutions to continue developing the entrepreneurs and businesses in the coming time.

In recent years, leading international organizations on brand valuation such as Brand Finance or Forbes Vietnam have recognized that Vietnam's National Brand has always had the fastest growth rate in value in the world, with an increase of up to 74% in the period 2019-2022 and continuing to increase by 15.6% in 2023, reaching nearly 500 billion USD. For Vietnam's National Brand to stand at position 32 out of 100 strong National Brands in the world today, there is a direct contribution from the brand value of the enterprise - when products, goods and services affirm their position in the regional and world markets.

In the context of the country's economic situation being negatively affected by the COVID-19 pandemic and military, political and economic conflicts in the world... Over the past 3 years, more than 800,000 Vietnamese enterprises and entrepreneurs have always strived to overcome difficulties, maintain production and business, making an important contribution to the implementation of resolutions of the Party, National Assembly and Government on economic recovery and development, and maintaining growth targets.

With Resolution 41, the Party and State have acknowledged the important contributions of the business community and enterprises to the country in general. However, they also pointed out the limitations and weaknesses that need to be overcome so that the business community and enterprises can develop to match their position and role in the country in the new context.

If previously, Resolution 09 set the goal of "building a strong team of entrepreneurs…; strive to 2020 “There are a number of entrepreneurs and businesses with brands that have reached the stature of the Southeast Asian region"; then in this Resolution - the Politburo has raised the target - with each specific stage set out: Striving for 2030Developing a team of Vietnamese entrepreneurshave the scale, capacity and level to meet the country's industrialization and modernization goals. Strive to have more and more enterprises reaching regional level, some enterprises reaching world level; some large enterprises having leading roles in key industries and fields; some enterprises having important positions and roles in the global supply chain and value chain, mastering some industrial and agricultural value chains, having international competitiveness in basic, priority and spearhead industries. By 2045, develop a team of Vietnamese entrepreneurs with the scale, capacity and level to meet the national development goals, high income, having regional and international position and prestige; a part of enterprises having world brands, leading some global supply chains and value chains.

Therefore, the Politburo also pointed out 7 main tasks and solutions in the coming time, such as raising awareness of the position and role of the business community in realizing the country's development goals; focusing on propagating and mobilizing the business community to deeply and fully understand the role and mission, inherit and promote national traditions, promote patriotism, well implement the Party's guidelines and policies, and the State's policies and laws; encourage the business community to strive to build business ethics and culture; promote social responsibility, participate in campaigns and patriotic emulation movements.

To achieve this goal, the Politburo requires central ministries, departments, branches, and local authorities to "ensure a stable, synchronous, unified, and transparent legal framework"; to "perfect policies and laws, create a favorable, safe, and equal investment and business environment..."; to ensure "freedom of business, protection of legitimate property rights, start-ups, and supplement appropriate economic sanctions to handle violations"; "not criminalize economic relations"; to innovate state management methods in the direction of taking people and businesses as the center and objects of service; to control and eliminate privileges and monopolies in production and business to "build and promote the role of Vietnamese entrepreneurs in the new period".

With that stature and significance, it can be said that the promulgation of Resolution 41 has met the expectations of the business community and society for a team of businesses and entrepreneurs that strongly develop in terms of both force and financial potential, management capacity, international competitiveness... making worthy contributions to the country's development in the process of global integration./.