Nguyen Thi Phuong Thao - Chairwoman, Sovico Group
We hope that the government believes in the private sector and in enterprises, and focuses more to develop these. It can support the formation of powerful private economic groups with strong national and international brands, and promote small- and medium-sized enterprises, as well as enterprises located in rural and agricultural sectors, and also startups.
The government should create an equal business environment among all economic sectors and between enterprises.
We also suggest it brings Vietnam onto a new level of international tourism with diversified services in entertainment, healthcare, culinary, and traditional culture.
Together with these is to pour more investment into the infrastructure of inland routes, airlines, marine lines, and logistics systems. Vietnam also should become a new hub for supporting industries and a training centre of services for aviation, both regionally and globally.
Thai Huong - Founder, TH Group
Vietnam is expected to become a developed and fully civilised country by 2045 with a protected environment and a peaceful society. The strength of our people is our intelligence and our good health.
Therefore we must develop green, clean, and organic agriculture to ensure the best foodstuff sources for the people.
Apart from this, we must also develop traditional tourism in combination with eco-tourism and historical tourism.
We suggest that the government promotes supporting industries that can assist farmers and enterprises in the development of agriculture-related services and products too.
Also to further support the business community, the government also needs to have a transparent and detailed mechanism to help them develop and gain more achievements.
Nguyen Thi Nga - Chairwoman, BRG Group
By 2045 Vietnam will become one of the top leading economies in the region. There will be Vietnamese enterprises, both state-owned and privately owned, listed as leading global conglomerates.
Right now we must create a solid foundation and wide enough space for future generations to become a high-income country, in accordance with the spirit of the latest National Party Congress.
Vietnam has the opportunity to realise those targets. From an economic perspective, the private economic community has a strong business environment with keen encouragement from the government.
Strong evidence is shown with the leadership of the government, and our effective combat with the pandemic has ensured the sustainable development of the country’s economy, with Vietnam named the only country in ASEAN to be upgraded in the Global Soft Power Index 2021 released last month.
Tran Ba Duong - Chairman, Truong Hai Auto Corporation
Despite being seriously affected by the coronavirus pandemic, Truong Hai Auto Corporation’s (THACO) car sales last year still reached more than 100,000 vehicles, accounting for more than 35 per cent of the domestic car market share.
We also exported over 1,200 vehicles and more than $20 million worth of spare parts, reaffirming our position as the leading company in the domestic auto market and for export.
In terms of the future, it is imperative to focus on investment and development of high-quality human resources for sustainable development.
So far THACO has cooperated with many related agencies to develop human resources such as universities with training courses to meet the needs of enterprises; and also building a platform for administration and the use of digital technology.
Nguyen Mai Thanh - Chairwoman, Refrigeration Electrical Engineering Corporation
Vietnamese enterprises of all sizes need to focus on providing better services to consumers by improving product quality and enhancing their brands.
The private sector in this country is the main provider that creates products and services supplied for the whole economy. Therefore it is worth it to be focused with more favourable incentives and policies.
Furthermore, we need to see even more conditions created for development of the whole of the private sector.
Through the current coronavirus pandemic we also must focus on environmental protection and supporting vulnerable sectors in which smaller enterprises are most impacted.
At the same time, when setting up socioeconomic development indexes towards 2045, we need to focus on the happiness of people also – not just economic indexes.
Dominic Scriven - Founder and executive chairman, Dragon Capital
I think that here are three overarching issues which Vietnam can and should focus on right away in terms of its national development strategy moving forward over the next decades.
First would be that of environmental sustainability in harmonisation with GDP, creating sectors to reach sustainable development for the whole economy.
Secondly, Ho Chi Minh City must continue to become the leading economic automotive hub for the whole economy with a boost in sustainable infrastructure system improvement.
Finally, it is of paramount importance to promote financial knowledge to the Vietnamese people so that they can make sustainable financial decisions as they get older.
Do Minh Phu - Chairman, TPBank
We hope that authorised agencies alter their mindset from management to servicing enterprises and people, taking the satisfaction of enterprises and people to be the measurement for the quality of their missions. When they are carrying out their mission, they must be fair between private and state-owned enterprises without any discrimination in all aspects, especially in capital access and human resources.
We also suggest that the government does not criminalise economic and civil relations. The legal system must protect property rights and the freedom of business for private enterprises if they comply with the law.
The private enterprise community meanwhile must focus on improving labour intensity and competitiveness, applying new technologies in manufacturing and management.
Le Van Quang - Chairman, Minh Phu Seafood Corporation
With an average growth rate of nearly 7 per cent per year, it is expected that by 2045, the total global shrimp production will reach 15 million tonnes.
Minh Phu has developed a plan for developing a clean, organic, and carbon-balanced value chain. In particular, Minh Phu has combined AI technology and a blockchain platform to build a smart mobile application to manage shrimp farming.
These solutions can turn Vietnam into the world’s top shrimp production and processing manufacturer, accounting for 25 per cent of the global shrimp market share with nearly four million tonnes of raw shrimp, worth $20 billion, by 2045.
To achieve this, we need support from government and local authorities to create legal corridors as well as favourable mechanisms and policies to help projects get implemented.
Tran Kim Chung - Chairman, CT Group
In Vietnam, we have been most focused on some major targets across many areas. These include investing in low-cost housing, mobilising capital investment into railways linking Ho Chi Minh City to southwestern provinces, areas like fintech and flytech, working with local authorities in flood prevention and promoting eco-projects, and also developing a digital bank specialised in export.
For success to be met in the future, the Vietnamese government is required to solve obstacles in various areas – such as administrative procedures; completing a legal framework for high-technologies like fintech, flytech, and digital banking; and creating additional investment infrastructure for transport and education for the Mekong Delta region.
Dinh Ba Thanh - Executive chairman, DatVietVAC
A cultural and innovative economy must be prioritised and supported by the government because at present, Vietnam does not have many clear policies or specific targets on encouraging those sectors.
In this area, the country does have strengths in cuisine, fashion, handicrafts, and beverages such as coffee. More distinct features can also be developed towards crafting a more diverse cultural and innovative economy.
Along with separate support policies to develop this, Vietnamese authorities need to craft strong mechanisms to handle areas such as copyright issues. This is because currently, violation of cultural products is becoming a major problem, causing great damage to Vietnamese enterprises of all sizes.