Corporate culture crucial to growth of businesses: Deputy PM
Developing corporate culture is a core issue and crucial to the growth of businesses, Deputy Prime Minister Truong Hoa Binh told a forum on economic reconstruction in the “new normal” situation from the perspective of corporate culture which took place in Hanoi on November 8.
Deputy Prime Minister Truong Hoa Binh attends a forum on economic reconstruction in the “new normal” situation from the perspective of corporate culture held in Hanoi on November 8. (Photo: VNA)
Hanoi (VNA) – Developing corporate culture isa core issue and crucial to the growth of businesses, Deputy Prime Minister Truong Hoa Binh told a forum on economic reconstructionin the “new normal” situation from the perspective of corporate culture which tookplace in Hanoi on November 8.
The forum was held by the organising committee of thecampaign on building corporate culture in Vietnam (Organising Committee 248) tohonour outstanding enterprises in building corporate culture in Vietnam andto mark Vietnam Corporate Culture Day (November 10).
In his remarks, Binh spoke highly of the event as it was organised at a time when the government and the entire business community aremaking all-out efforts to fulfill the dual goals of fighting COVID-19 andboosting economic recovery.
Over the last two decades, Vietnamese enterprises havecontributed to mobilising resources for the country’s socio-economicdevelopment, maintaining its economic growth and stability, boosting exports andincreasing State budget revenues.
To become prosperous, Vietnam must have a strong andsustainably developed business community, he said, adding that enterprises arethe economic driver which contribute the most to the size and the growth rateof the national economy.
The COVID-19 is posing unprecedented impacts on all ofthe country’s social and economic aspects. From the perspective of corporateculture, the pandemic has affected consumer culture and businesses’ ethics,behaviour and social responsibility among others, Binh said.
To mitigate the pandemic’s impacts, the government has adopted various solutions and policies tosupport affected firms and individuals while many enterprises and organisationshave backed the government’s efforts to revivethe economy in the “new normal” situation. But there were no specific solutionsrelated to corporate culture, Binh said.
He went on to say that proposals and recommendationspresented at the forum will be submitted to the Prime Minister so they can betranslated into reality in the near future./.
Speakers who are famous entrepreneurs and managers shared their experience to promote the start-up spirit of Vietnamese intellectuals in foreign countries, especially Japan.
Although the market has not fully recovered, footwear and handbags export turnover is expected to return to growth in the fourth quarter of this year during the year-end shopping rush in European and American countries.
Prime Minister Nguyen Xuan Phuc received Russian Ambassador to Vietnam Konstantin Vnukov and Chairman of the Russian gas group Novatek Leonid Mikhelson in Hanoi on November 6.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.