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Economic development

Vietnam Private Sector Forum 2025: A Platform for Governments and Businesses to Collaborate

Strategic Insights

— 2 min read

Vietnam is set to host the Vietnam Private Sector Forum 2025 (VPSF 2025), a high-level dialogue session where over 3,000 opinions from the business community will be presented to government leaders and ministries on September 16. The forum, which will be chaired by government leaders, will bring together ministries, branches, localities, and around 1,000 businesses and entrepreneurs. The event aims to promote the development of the private economic sector and contribute to the country's fast and sustainable development.

Key Takeaways:

  • Over 3,000 opinions and recommendations have been summarized from 9 local dialogue sessions and 3 thematic sessions on start-up, legal, and going global, with the policy environment accounting for about 40% of the comments.
  • Enterprises expressed concerns about the lack of stability, difficulty forecasting, overlapping documents, complicated administrative procedures, and inconsistency in implementation, particularly with land use investment projects.
  • 35% of comments reflected difficulties in accessing credit, especially for small and micro enterprises, with the demand for capital to expand production being huge, but access to bank capital still limited and lacking appropriate support mechanisms.
  • 25% of the comments focused on infrastructure and logistics, with enterprises wanting the government to promote infrastructure investment and modernize logistics to reduce costs, as transport costs in Vietnam are 10-15% higher than the region, directly affecting competitiveness and profits.
  • 20% of the remaining ideas focused on science and technology, especially from small businesses, which reflected the lack of capital, manpower, and digital conversion tools, limiting their creative innovation capacity.
  • The Vietnam Young Entrepreneurs Association aims to accompany the government in implementing specific solutions and policies to support businesses, realizing the resolution of the pillar, with the goal of making VPSF 2025 a practical dialogue with specific solutionsdeployed to the end.
  • The forum is being held in the context of the Party, State, and Government's determination to implement important resolutions on breakthrough development of science and technology, innovation, international integration, law enforcement, private economy development, and education and training.
  • The government's accompanying of businesses at VPSF 2025 shows the spirit of demand, listening, and commitment to remove barriers for businesses, with many recommendations from the business community being recorded and transformed into specific policies in recent years.

Statistics:

  • Over 3,000 opinions and recommendations have been summarized from 9 local dialogue sessions and 3 thematic sessions.
  • 40% of the comments focused on the policy environment, with concerns about lack of stability, difficulty forecasting, overlapping documents, complicated administrative procedures, and inconsistency in implementation.
  • 35% of the comments reflected difficulties in accessing credit, especially for small and micro enterprises.
  • 25% of the comments focused on infrastructure and logistics, with enterprises wanting the government to promote infrastructure investment and modernize logistics to reduce costs.
  • 20% of the remaining ideas focused on science and technology, especially from small businesses.
  • The Vietnam Young Entrepreneurs Association has 20,000 members operating in 34 provinces and cities.

Sources:

  • VPSF 2025
  • VGP/HTong Dang Hong Anh
  • VGP/Government of Phu

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