Enterprises uphold spirit of "responsible business"
![]() | Vietnam pushing digital payments between businesses |
![]() | Still plenty of opportunities for business environment reform |
![]() | Seafood businesses are worried about all kinds of rising costs |
![]() |
Dr. Vu Tien Loc, Chairman of Vietnam Chamber of Commerce and Industry (VCCI) |
What did the events and impacts of 2020 say about the business community?
2020 was an extremely difficult year, but it showed the resilience of Vietnamese firms. The development and stability of the business community is one of the most important reasons to achieve positive growth in the context of a global economic recession.
The year 2020 helped the business community be more aware of the requirements for resilience enhancement and sustainable development orientation. For businesses that have silently oriented their business models and strategies towards sustainable development in the past, they have been quite well-established in the pandemic context and even got a chance to develop. On the contrary, units that have not really focused on a sustainable development model immediately fell into difficult circumstances, even went bankrupt, dissolved or withdrew from the market in case of market fluctuations.
Therefore, the practice of the last year has been a valuable lesson for Vietnamese firms in reshaping their strategies and responsible business models, including large enterprises to become the mind of both small and medium units, and micro ones, if they want to go further on their business path.
How do you assess the Government's companionship in the past and in the future?
Facing difficulties, the companionship of the Government and resilience and efforts of the business community have helped firms to stay strong. However, it is very important to learn from experience that there is a big gap in policy design and policy implementation. Therefore, it is necessary to strengthen cooperation between Government agencies and the business community in both shaping and organising policies.
The pandemic has created both pressure and opportunities for firms to reform administrative procedures. If administrative procedures are simplified and improved positively, many problems of enterprises can be solved quickly. The problem is not cash support packages but the impact of administrative procedure reform, promoting and pushing production and business projects into operation. This is the way to create the core competitiveness of every economy and the business community.
What expectations does the business community have in 2021 for the support from the Government?
The business community expects that in 2021 governments must make global coordinated efforts to prevent the pandemic. Moreover, for businesses to be able to orient towards sustainable development in the coming year, we must have a suitable ecosystem and a stable and transparent Government policy system that facilitates enterprises.
We have made many efforts to improve the business and investment environment. However, we have not yet achieved our goal of becoming one of the four most competitive economies and the best business environment in the ASEAN. This will be a journey that the business community and I hope that we will implement in the next five years, helping businesses have strong development steps.
Simultaneously, what action must businesses take?
Together with the Government, the business community must upgrade its business activities and make efforts to shape towards sustainable development and digital transformation. This is the only way forward for them.
In the future, the VCCI will promote activities to support and orient the business community to raise awareness, provide information, training and support them to spread good models. This will help the business community soon put itself in the trend of sustainable development and digital transformation. This not only requires efforts from the Government in reforming the business environment, but also from businesses in upgrading their governance and technology.
The Government is built as a constructive Government and the business community must also be a responsible business community. That is the path of our greatest expectations that we look forward to for the next five years.
Related News

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation
11:18 | 20/01/2025 Customs

Flexible and proactive when exchange rates still fluctuate in 2025
11:03 | 30/12/2024 Finance

Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines

Numerous FDI enterprises face suspension of customs procedures due to tax debt
09:57 | 18/12/2024 Anti-Smuggling
Latest News

VN's car industry to diversify supply chain
15:33 | 07/02/2025 Import-Export

Exports of agro-forestry-aquatic products down nearly 5 per cent in January
15:32 | 07/02/2025 Import-Export

Thailand reviews anti-dumping tax on Vietnamese steel
14:15 | 06/02/2025 Import-Export

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion
09:58 | 06/02/2025 Import-Export
More News

Pangasius fetch record price in early 2025
14:06 | 05/02/2025 Import-Export

Việt Nam and India trade reached $15 billion in 2024
14:05 | 05/02/2025 Import-Export

Việt Nam's port firms thrive in 2024
14:04 | 05/02/2025 Import-Export

Software exporter looks to new pace of growth
07:58 | 04/02/2025 Import-Export

Việt Nam's exports to EU see impressive recovery in 2024
07:56 | 04/02/2025 Import-Export

Việt Nam–CPTPP trade turnover exceeds $100 billion
14:28 | 03/02/2025 Import-Export

E-commerce, a game changer for textile manufacturers
19:04 | 01/02/2025 Import-Export

China remains the largest market for Việt Nam’s cassava and cassava products
20:57 | 31/01/2025 Import-Export

Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year
20:54 | 30/01/2025 Import-Export
Your care

VN's car industry to diversify supply chain
15:33 | 07/02/2025 Import-Export

Exports of agro-forestry-aquatic products down nearly 5 per cent in January
15:32 | 07/02/2025 Import-Export

Thailand reviews anti-dumping tax on Vietnamese steel
14:15 | 06/02/2025 Import-Export

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion
09:58 | 06/02/2025 Import-Export

Pangasius fetch record price in early 2025
14:06 | 05/02/2025 Import-Export