Hanoi: Prime Minister Pham Minh Chinh on September 16 called on Vietnam’s private sector to embrace patriotism, innovation, and global integration, positioning itself as a key driver in the nation’s future development. Addressing a high-level dialogue of the Vietnam Private Sector Forum (VPSF) 2025, themed ‘Unlocking Potential – Shaping Vietnam’s Future,’ Prime Minister Chinh praised the private sector’s contributions and encouraged it to remain a pillar of national development. He asked entrepreneurs to adhere to national laws and policies, uphold business ethics, and embrace their social responsibilities.

According to Vietnam News Agency, the Prime Minister emphasized the importance of the private sector in achieving sustainable economic growth and improving the nation’s competitiveness on the global stage. He highlighted the need for the private sector to innovate and integrate into the global market to leverage Vietnam’s potential fully. The Prime Minister also urged businesses to focus on technology and digital transformation as critical elements in driving growth and development.

Furthermore, Prime Minister Chinh reiterated the government’s commitment to creating a supportive environment for the private sector by ensuring transparent policies and reducing administrative barriers. He encouraged collaboration between the private sector and the government to build a stronger economy that can withstand global challenges and contribute to national prosperity.

The Vietnam Private Sector Forum 2025 serves as a platform for dialogue between the government and private enterprises, aiming to identify challenges and opportunities in the evolving economic landscape. Through such engagements, the government seeks to harness the private sector’s capabilities in shaping a future that aligns with Vietnam’s developmental goals.