Vietnam Entrepreneurs' Day 2024: A Milestone Year of Reflection and Ambition for the Business Community

Vietnam Entrepreneurs' Day, celebrated annually on October 13, holds a special significance this year as it marks the 20th anniversary of this vital day. A decade since its inception, this year's celebration is not only a time to acknowledge the remarkable growth of Vietnamese businesses but also an opportunity for entrepreneurs and business associations to engage in strategic dialogue with the country's leadership. The activities planned for this year highlight a renewed commitment by the government to foster a more supportive and innovative business environment in Vietnam.

Why This Year’s Vietnam Entrepreneurs' Day is Special?

The 20th anniversary of Vietnam Entrepreneurs' Day represents a unique convergence of reflection on the past two decades of economic development and the setting of ambitious goals for the future. Prime Minister Pham Minh Chinh has approved a proposal from the Vietnam Chamber of Commerce and Industry (VCCI) to hold a dedicated session between the Government Standing Committee and entrepreneurs on October 4, 2024. The gathering will include representatives from various ministries and agencies, offering a platform for business leaders to present their views and discuss the challenges and opportunities ahead.

This special meeting aims to reinforce the Government’s dedication to recognizing the role of Vietnamese entrepreneurs in driving national innovation and development. The event is a testament to the ongoing efforts to create a more conducive environment for business growth, in line with the country's long-term vision of becoming a prosperous and developed nation.

Key Themes of This Year’s Celebration

• A New Era of Government-Business Collaboration: With the presence of high-ranking officials and government representatives, the event highlights the state’s commitment to establishing closer ties with the business community. The meeting is expected to produce concrete solutions for enhancing institutional frameworks, removing barriers to business operations, and providing entrepreneurs with the necessary resources to thrive.

• Celebrating Entrepreneurial Achievements: The focus of the anniversary is not only on discussing current issues but also on celebrating the resilience and achievements of Vietnamese entrepreneurs over the past 20 years. From start-ups to established corporations, Vietnamese businesses have shown their capability to navigate complex market dynamics, expand globally, and contribute significantly to the country's economic growth.

• Vision for the Next Decade: As part of the celebration, business leaders will share their insights and expectations for the next decade. This year’s theme revolves around sustainable growth, innovation, and digital transformation—key areas that will define Vietnam's business landscape in the years to come.

• Emphasis on Institutional Support and Innovation: Prime Minister Pham Minh Chinh’s meeting with the entrepreneurs is set to emphasise the importance of institutional reforms and innovation. Entrepreneurs will have the chance to propose recommendations on how the government can further streamline processes, improve business regulations, and support enterprise development.

What Businesses and Workers Expect?

Businesses and workers alike are looking forward to this year’s Vietnam Entrepreneurs' Day with a sense of anticipation and hope. Here’s what they expect:

• Concrete Support Measures for Businesses: Companies are eager to see new policies and support mechanisms that will help them overcome current economic challenges. Many are hoping for updates on regulations, tax incentives, and initiatives that can enhance their competitiveness in both local and global markets.

• Clear Guidelines on Digital Transformation and Innovation: With the rapid pace of technological advancements, businesses are seeking guidance and support in embracing digital transformation. They expect the government to outline clear strategies for fostering innovation and enabling companies to harness new technologies to drive growth.

• Opportunities for Open Dialogue: Entrepreneurs are keen to engage in more open and transparent dialogues with the government. This event offers them a rare opportunity to voice their concerns and share their aspirations directly with policymakers, ensuring that their feedback is considered in future policies.

• Commitment to a Stable and Predictable Business Environment: For entrepreneurs and workers, stability and predictability in the business environment are crucial. They hope that this year's discussions will result in measures that ensure a stable economy, reduce regulatory uncertainties, and promote sustainable business practices.

Moving Forward: The Path to Prosperity

Vietnam Entrepreneurs' Day 2024 is a landmark celebration, setting the stage for the next chapter of Vietnam's entrepreneurial journey. The focus on collaboration, innovation, and sustainable growth reflects the aspirations of the business community to not only contribute to economic development but also shape the future of Vietnam’s business landscape.

As Vietnam positions itself as a dynamic and thriving hub in the region, the business community’s role will be more critical than ever. With the government’s support and a commitment to innovation, Vietnamese entrepreneurs are poised to lead the country towards a prosperous and sustainable future.

This year’s event will be remembered not just as a celebration, but as a starting point for renewed commitments and strategic partnerships that will drive Vietnam's economy forward.

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Reference Links:

https://vccinews.com/news/58439/prime-minister-to-meet-with-vietnamese-entrepreneurs-on-october-13.html#:~:text=Prime%20Minister%20Pham%20Minh%20Chinh,(October%2013%2C%202024).

https://en.vcci.com.vn/national-conference-with-business-associations-2024-and-vietnam-entrepreneurs-day-celebration