The Vietnam Private Economic Landscape (ViPEL) model embodies the vision of “public and private sectors joining hands in nation building,” creating a platform for collaboration and shared responsibility between private businesses and state agencies.
PM Pham Minh Chinh and representatives of private firms at a dialogue in Hanoi. (Photo: VNA)
Hanoi (VNA) – The Vietnam Private Economic Landscape (ViPEL) model was launched in Hanoi on September 11, aiming to elevate the private sector into the country’s most powerful driver of development.
The launch ceremony was held by the Board for Private Economic Development Research (Board IV), which operates under the Prime Minister’s Advisory Council for Administrative Procedure Reform.
According to Chairman of FPT Corporation and head of Board IV Truong Gia Binh, the model embodies the vision of “public and private sectors joining hands in nation building,” creating a platform for collaboration and shared responsibility between private businesses and state agencies.
At the model launch ceremony (Photo: baochinhphu.vn)
The model will gather the largest number of private enterprises, designed to implement solutions for the growth across industries and sectors.
Director of Board IV Office Pham Thi Ngoc Thuy called ViPEL a pivotal bridge connecting private enterprises to concretise the Politburo's Resolution 68 on the development of the private economic sector.
The initiative is a high-level public–private dialogue, to be held annually, to take stock of the private sector’s progress, address strategic challenges, and chart breakthrough models for both national economic growth and business development.
♔ At the event, the ViPEL Executive Council was introduced, featuring key entrepreneurs, including the FPT Chairman, CEO and Co-founder of VinaCapital Don Lam, Chairman and CEO of U&I Investment Corporation (Unigroup) Mai Huu Tin, and Chairwoman of Sovico Group Nguyen Thi Phuong Thao./.
The rapid evolution of information technology, cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) offers a vast array of opportunities.
After three months of implementing Resolution 68, Vietnam's private economic sector has seen many positive changes, with the establishment of over 24,000 new businesses in June and more than 16,000 in July. This brought the total number of newly established enterprises in the first seven months of 2025 to nearly 108,000.
Discussions will zero in on risks facing Vietnamese exports, including heightened scrutiny over circumvention and origin fraud in major markets; as well as opportunities and challenges awaiting domestic firms in 2025.
While the high-speed and low-latency nature of 5G offers a "bloodline" for data transmission in production systems, IoT provides the "nervous system" to connect devices, machinery, and sensors.
Ambassador Bui Van Nghi expressed Vietnam’s wish to launch negotiations on an FTA during Brazil’s term as Mercosur Chair, saying such a step would serve the practical interests of both sides while diversifying markets.
A working delegation from the Ministry of Construction led by Deputy Minister Nguyen Tuong Van recently held separate bilateral talks with Chinese and Malaysian sides to bolster collaboration in construction and urban development to a deep and substantive fashion.
European investments are gravitating towards emerging sectors such as clean energy, high technology and logistics, with the aim of positioning Vietnam as a regional transhipment hub.
The new tax regime of India is a landmark reform that promises to generate profound changes in India’s business landscape and will directly affect Vietnamese investors, producers, and exporters in this market.
Two-way trade between Vietnam and Cambodia reached 10.1 billion USD last year, while the figure in the first eight months of the year was 7.98 billion USD, up 16.3% year-on-year.
All businesses are eligible to participate in the programme without undergoing any selection or review process. Enterprises can independently launch promotional campaigns with diverse and appealing content for customers and are allowed to apply maximum discounts of up to 100%.
Singapore’s United Overseas Bank (UOB) has boosted its 2025 GDP growth forecast for Vietnam to 7.5% from 6.9%, pointing to the economy’s resilience and dynamism despite tariff risks and uncertainties.
Spanning 8.4ha of gross floor area and rising to 30m, the package requires advanced steel–concrete solutions, synchronised execution and accelerated progress within 330 days.
Through this partnership, VinFast Philippines, a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, will leverage on BDO's comprehensive suite of financial solutions including cash management, consumer banking, leasing, and insurance services and create tailored financing programmes for both retail and corporate customers.
Under the new system, passengers without checked luggage simply check in via VNeID or a kiosk, undergo facial recognition at security, and board by scanning their face. Those with baggage drop it at a counter before entering the same automated flow.
Vietnam values its international partnerships, including with the UK, Finance Minister Nguyen Van Thang noted, urging UK companies, funds and financial institutions, and those from Europe and worldwide, to continue expanding investment, transferring know-how, sharing management experience and advancing green finance and technology to realise Vietnam’s sustainable development vision.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
Vietnam is ready to deepen economic cooperation with the Association of Southeast Asian Nations (ASEAN), China and other partners, embracing a strategy of “harmonised interests and shared risks” as it leverages its fast-growing economy and market of over 100 million people.
Tay Ninh, Nghe An and Quang Tri provinces have strategic locations and significant cooperation potential, said Nguyen Thi Thai Binh, Minister-Counsellor at the Vietnamese Embassy, expressing confidence that with creativity and determination, these provinces and their Korean partners will find ample opportunities for productive collaboration.
Jointly organised by the Vinexad National Trade Fair and Advertising JSC and Yorkers Exhibition Service Vietnam, the event features 1,200 booths of more than 650 exhibitors from 20 countries and territories, including Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Singapore, Switzerland, Thailand, and the US.
Public investment should serve as a key driver of growth, acting as seed capital to catalyse and mobilise all social resources, thereby fostering economic expansion, creating jobs and livelihoods, and improving the material and spiritual well-being of the people, PM Pham Minh Chinh stated.
An official of the Foreign Trade Agency laid stress on the foundational role of rules of origin in international trade, highlighting the importance of capacity building for enforcement officers in the context of deep international integration.
