This information was shared at the high-level dialogue session of the Vietnam Private Sector Economic Forum 2025 (VPFS 2025) on the afternoon of 16/9. According to Do Vinh Quang, VPFS 2025 provides a platform for dialogue, action plans, and specific policy recommendations in the context of the Politburo's newly issued resolutions that create a new framework for development.

"Internal strength is the core value that helps businesses withstand fluctuations, seize integration opportunities, and reach a regional level," he said.

Do Vinh Quang presents his proposals at the High-Level Dialogue Session of the Vietnam Private Sector Economic Forum 2025. Photo: T&T Group

Do Vinh Quang presents his proposals at the High-Level Dialogue Session of the Vietnam Private Sector Economic Forum 2025. Photo: T&T Group

Representing the business perspective, Do Vinh Quang outlined three groups of recommendations. First, improve institutions and ensure fair competition. The T&T Group representative suggested further transparency and the removal of barriers for private businesses to equally access resources such as land, credit, infrastructure, and tax policies. A stable environment will encourage long-term investment, even in high-tech fields requiring substantial capital.

Second, establish preferential mechanisms for medium- and long-term capital, especially for key and driving industries that require large and long-term capital investment, such as aviation, logistics, energy, and infrastructure. In addition to enhancing preferential credit, it's crucial to develop a healthy capital market, promote the issuance of safe corporate bonds, encourage international capital mobilization, and establish infrastructure investment funds and innovation funds. This is the foundation for the private sector to participate in national and regional-scale projects.

Finally, there are solutions to accelerate digital transformation, open national data, and simplify administrative procedures. According to the T&T Group representative, businesses currently spend significant time and money on investment, land, construction, tax, and customs procedures. Synchronizing and opening data among ministries; expanding the national database on land, businesses, and finance; and implementing online public services will reduce compliance costs, increase transparency, and improve forecasting capabilities.

"Each business also needs to cultivate its internal strength and responsibility to be able to grow and break through," Do Vinh Quang emphasized after presenting his recommendations.

T&T Group stated that after over 30 years, the group's ecosystem spans various sectors: finance and banking, energy, real estate, agriculture and forestry, sports, industry and trade, logistics, transport infrastructure, seaports, and aviation. Many of its large-scale projects contribute to competitiveness and sustainable development.

VPFS 2025 is a national-scale dialogue-policy-action initiative led by the Ho Chi Minh Communist Youth Union Central Committee and the Vietnam Youth Federation Central Committee, in collaboration with the Vietnam Association of Small and Medium Enterprises. The forum includes local and thematic dialogue rounds, culminating in a high-level session attended and chaired by government leaders, demonstrating the expectation of businesses in institutional reform and enhancing the private sector's internal capacity.

Anh Vu