VCCI: Enterprises accompany the nation in a new era of development
WVR - On the occasion of the Lunar New Year of Bính Ngọ 2026 – marking the beginning of the nation's era of rising, Assoc. Prof. Dr. Ho Sy Hung, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), expresses confidence that with the aspiration to rise, the Vietnamese business community will not only recover strongly but also make a remarkable breakthrough, contributing to bringing the country closer to the goal of becoming a prosperous and powerful nation by 2045.
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Resolution No. 68-NQ/TW of the Politburo on private economic development is a significant "boost" to drive the private economy, identified as one of the most crucial drivers of the national economy, a breakthrough. How is the implementation of the Resolution progressing, sir?
Resolution No. 68-NQ/TW dated May 4, 2025, by the Politburo on private economic development is one of the key Resolutions issued recently. The Resolution has established the private enterprise sector as one of the most crucial drivers of the economy, "a pioneering force driving growth, innovation, industrialization, modernization, and economic restructuring".
Affirming the position of entrepreneurs instills confidence for them to invest boldly, accept risks, and plan long-term business strategies. When institutions are stable, consistent, and clear, businesses have a foundation to confidently invest capital, innovate production, and expand markets.
After nearly 10 months, a notable positive point is that the National Assembly passed Resolution No. 198/2025/QH15 on special mechanisms and policies for the private economy; the Government issued several decrees and action programs, promoting procedural reform and digital transformation in state management. Many ministries, sectors, and localities proactively adjusted policies to be more favorable, focusing on market entry reform, supporting startups, and converting household businesses into enterprises, aiming for hundreds of thousands of new businesses in 2026.
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| Chairman of VCCI Ho Sy Hung. (Photo:Courtesy) |
Many expectations are placed on the milestone year 2026. What is your forecast on the impact of Resolution 68 on the development of the business community in 2026?
Entering 2026, the business community expects the contents of Resolution 68 to continue being concretized, clearly establishing the role of entrepreneurs in the economy, creating confidence when making investment decisions. Accompanying this is the requirement to stabilize the macroeconomy, control inflation, and maintain consistency in the issuance and enforcement of laws.
More importantly, the cooperative relationship between the State and the private sector, especially in public-private investment, needs to operate transparently and conveniently so that businesses can access and participate in more projects.
In 2026, businesses see three fundamental spaces. First is the domestic market of over 100 million people. Improved income leads to more diverse consumption demands, creating room for high value-added products and services.
Second is the international market, with the system of free trade agreements (FTAs), cooperation frameworks, and tariff incentives continuing to support businesses in deeper integration into the global supply chain.
Third is the opportunity to access capital. The formation of an international financial center, upgrading the stock market, developing green finance, along with guarantee funds and support funds for small and medium enterprises, opens up more resource options for investment.
Simultaneously, businesses particularly expect a high-quality labor market. A training system linked to practical needs, a management team with qualifications and skills will help enhance management capacity, reduce costs, and increase competitiveness.
The year 2025 can be said to be a pivotal year for legal reform. The volume of laws, decrees, and circulars issued is very large, requiring high efforts to ensure synchronization and feasibility. The scale of change is large, necessitating more time for both management agencies and businesses to adapt. Moving into 2026, many challenges remain, but policy adjustments are expected to be somewhat "lighter" as the legal framework gradually completes. However, businesses continue to face the market puzzle, low-cost capital, and high-quality human resources.
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| Chairman of VCCI Ho Sy Hung. (Photo: Huy The) |
In the context of high growth demand, relying solely on bank credit is no longer suitable. Developing the stock market, increasing transparency, and corporate governance will help open more legal and sustainable capital mobilization channels.
At the recent dialogue conference between the Ministry of Finance and taxpayers on tax and customs policy and administrative procedures, many businesses expressed their desire for VCCI to play a stronger and clearer role. Do you have any messages for the Vietnamese business community?
Conveying the Government's and the Prime Minister's executive information to the business community in a timely, complete, and understandable manner is very important. When understanding the orientation, businesses can strengthen their confidence, better coordinate with management agencies, and be proactive in administrative procedures.
In reality, there are times when differences in understanding of the same issue appear between public authorities and businesses. Therefore, clear messages from the Government are needed, along with raising business awareness for more harmonious coordination.
The business community expects executive policies to be issued early, widely disseminated, creating a foundation for macroeconomic stability, controlling inflation, and maintaining growth. Alongside are orientations on markets, product standards, and business conditions in new fields for businesses to plan production and investment accordingly.
Currently, many authorities have been strongly decentralized to localities, with businesses mainly working through the grassroots administrative system. Large projects and new strategic orientations are brought to the Government and the Prime Minister. Businesses now most desire clear, consistent, and practical information to confidently invest long-term and accompany the policy transition process.
Therefore, maintaining dialogue between the business community and ministries, sectors, localities is crucial, and dialogue between tax and customs authorities with the business community through conferences organized by VCCI is a typical example.
VCCI hopes that conferences and dialogues will be held regularly, proposing long-term cooperation plans and spaces. Currently, we have about one million businesses and about five million individual business households, and concerns and issues regarding tax and customs policies will also increase significantly.
In 2026, VCCI wishes to continue representing the business community to participate with ministries, sectors (especially the Ministry of Finance) in policy feedback, from the circular level. At the same time, coordinate to implement business support programs, helping businesses better utilize new mechanisms.
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| Entering 2026, businesses continue to face the market puzzle, low-cost capital, and high-quality human resources. (Source: Nikkei Asia) |
VCCI will also accompany the business community in implementing strategies, orientations, and development goals set by the Government, such as achieving double-digit growth, actively participating in new fields: green, clean energy; high technology, digital technology...
The Provincial Competitiveness Index (PCI), Corporate Sustainability Index (CSI) will continue to be refined, linked to sustainable development requirements, green economy, carbon market, and green finance.
The global economic picture in 2026 is forecasted to continue fluctuating, creating opportunities but also posing many new requirements for Vietnamese businesses. In this context, what support will VCCI provide to help businesses adapt to the new situation and confidently overcome external "headwinds"?
External activities and supporting the business community to "reach out to the big sea" will continue to be one of VCCI's focuses in the coming time. VCCI commits to accompanying businesses in seeking investment cooperation opportunities with global investors, new investors... according to the Government's orientation.
At the same time, the Federation wishes to closely coordinate with ministries, sectors, especially the Ministry of Foreign Affairs, Ministry of Industry and Trade, to support businesses in accessing major traditional markets such as the US, Japan, South Korea, China, the European Union (EU)... or new, potential markets like Africa, the Middle East...
Besides, VCCI continues to strive with parties to actively implement external economic activities, specifically through business dialogue activities such as organizing business forums, delegations accompanying business trips with high-level leaders of the Party, Party agencies, National Assembly, and Government, effectively combining foreign policies with economic activities, supporting businesses...
The New Year of Bính Ngọ 2026 marks the beginning of the nation's era of rising. What are your feelings and expectations for the Vietnamese business community?
In the new year, I hope each Vietnamese enterprise maintains an optimistic spirit, remains steadfast in its mission, and continuously innovates to adapt to global trends with the spirit: PERSEVERANCE – SUBSTANCE – EFFECTIVENESS.
I believe that with the aspiration to rise, the Vietnamese business community will not only recover strongly but also make a remarkable breakthrough, contributing to bringing the country closer to the goal of becoming a prosperous and powerful nation by 2045.
