The portal's launch comes as private businesses, especially small and medium-sized enterprises (SMEs), play an increasingly important role in the Vietnamese economy. According to the General Statistics Office, Vietnam currently has nearly 900,000 active businesses, over 97% of which are SMEs. These businesses create more than 5.6 million jobs and contribute significantly to sectors like processing, commerce, and information technology.
However, small businesses currently face numerous challenges: rising input costs, declining demand, rapidly changing policies, and difficulties accessing capital and new technologies. The Vietnam Private Economic Report 2024 by the Party Central Committee's Economic Commission notes that the formal private sector contributed over 42% of GDP from 2020 to 2023, but the growth rate remains modest compared to its potential. One major obstacle is the lack of guidance and tools to support decision-making.
To help the business community access accurate information, the "Businesses Rise Up" portal focuses on 4 main sections:
Policies: provides updates and in-depth analysis of new regulations on taxes, finance, and the business environment.
Investment: offers information on incentive packages, loan interest rates from MB, and domestic and international capital flow trends.
Innovation: highlights new business models, technology applications, renewable energy, and high-tech agriculture.
Stories: compiles successful case studies and lessons learned from startups to corporations, sharing journeys of innovation and adaptation.
 |
Interface of "Businesses Rise Up" page on VnExpress. *VnExpress |
Interface of "Businesses Rise Up" page on VnExpress. *VnExpress
In the future, the portal plans to host online seminars, interviews with entrepreneurs and policy experts, and a series of special reports, from startups to large-scale projects. This section is supported by MB.
Thai Anh
