Young private enterprises - The driving force for the nation's rise

Recently, in the article “Private Economic Development - Leverage for a Prosperous Vietnam”, General Secretary To Lam emphasized that the private economy is an important component of the economy, which needs to be promoted to contribute more to the overall development of the country. In particular, young private enterprises with a strong entrepreneurial spirit, innovative thinking and flexibility in business models will play a pivotal role, creating momentum for the Vietnamese economy in the era of growth.

Private economy - Lever for national development

Vietnam's private economic sector currently has about 940,000 enterprises and more than 5 million individual business households, contributing about more than 50% of GDP, more than 30% of the state budget, creating jobs for more than 80% of the total workforce in the country and promoting the development of many industries. This is a dynamic economic sector, capable of quickly adapting to the market and continuously expanding in scale. In provinces and cities with high growth rates such as Binh Duong, private enterprises account for a large proportion of the economy, making important contributions to the state budget and increasing workers' income.

Encouraging the development of the private economic sector will not only help Vietnam take advantage of its internal potential but also increase its competitiveness in the context of international integration. Private enterprises, especially young enterprises, need support to expand their scale, apply advanced technology and participate in the global value chain. This is the key to helping Vietnam increase its production capacity, reduce dependence on foreign investment and become more self-reliant in the economy.

Young private enterprises – Pillars of the development era

In the context of Vietnam's deep economic integration, young private enterprises are increasingly playing an important role in promoting growth and innovation. Not only are they simply business units, they are also pioneers in the digital transformation process, applying new technologies and improving labor productivity. With the advantages of flexibility, responsiveness to the market and high adaptability, young private enterprises are making significant contributions to the economy by creating millions of jobs, expanding production scale and participating in the global supply chain. Binh Duong - one of the most dynamically developing localities in the country - is a clear demonstration of the strong rise of young enterprises. Thanks to open investment attraction policies and a favorable business environment, many young enterprises in Binh Duong have not only dominated the domestic market but also gradually expanded internationally.

In the coming time, Binh Duong Young Entrepreneurs Association commits to continue to accompany young entrepreneurs, supporting them in the process of starting a business, developing and integrating internationally. Building a strong, innovative and sustainable business ecosystem will be the key to helping Binh Duong continue to affirm its position as the leading economic center in the region.

Phan Tan Dat, Vice President of Binh Duong Young Entrepreneurs Association, Chairman of the Board of Directors of KSB Company

The development of young private enterprises is not only measured by revenue growth or production scale but also by their ability to contribute to society and a sustainable economy. Faced with increasing demands for social responsibility and environmental protection, many young enterprises in Binh Duong have proactively applied sustainable business models, aiming at ESG (Environment - Society - Governance) standards. They not only focus on optimizing profits but also on building a friendly working environment, caring for the lives of workers and minimizing negative impacts on the environment. This not only helps to enhance the reputation of enterprises but also contributes to creating an economy that develops in a long-term, sustainable direction.

In addition, high-quality human resources are also a key factor for young private enterprises to continue to make breakthroughs. In the context of increasingly fierce competition, only enterprises that invest heavily in people, develop a team of highly qualified and creative staff can maintain their position. Training and improving management skills, technology skills and strategic thinking are urgent requirements for young enterprises if they want to take advantage of opportunities in the digital age. Young enterprises in Binh Duong are showing initiative in cooperating with training organizations, universities and research institutes to best prepare the future workforce.

Not only stopping at the domestic level, young private enterprises need to aim for a bigger goal: to participate more deeply in the global supply chain. Vietnam is becoming an attractive destination for multinational corporations, and this is an opportunity for young enterprises to access advanced technology, modern production processes and international standards. To do that, enterprises need to continuously improve, improve the quality of products and services and standardize production processes. Only with careful preparation in production capacity, technology and human resources can young enterprises affirm their position in the international market and turn Vietnam into an important industrial and commercial center in the region.

Young Entrepreneurs in Binh Duong - Ready to Go Far

Binh Duong is a locality with an open and dynamic business environment and many policies to support young businesses. The Binh Duong Young Entrepreneurs Association has been playing an important role in connecting, supporting and developing the local young business community. Trade promotion programs, management skills training, and connecting businesses with domestic and foreign organizations have helped young businesses expand business opportunities and increase competitiveness.

In the coming time, Binh Duong Young Entrepreneurs Association commits to continue to accompany young entrepreneurs, supporting them in the process of starting a business, developing and integrating internationally. Building a strong, innovative and sustainable business ecosystem will be the key to helping Binh Duong continue to affirm its position as the leading economic center in the region.

The development of young private enterprises not only contributes to the economy but also demonstrates the strong entrepreneurial spirit of the young generation of Vietnam. With innovation, global thinking and social responsibility, young entrepreneurs will be the pioneering force to help Vietnam become a prosperous, sustainable economy and deeply integrate into the international market.

The era of national development has come, and young private enterprises are the ones steering the ship of national development.

Phan Tan Dat, Vice President of Binh Duong Young Entrepreneurs Association, Chairman of the Board of Directors of KSB Company

Source: https://baobinhduong.vn/doanh-nghiep-tre-tu-nhan-dong-luc-cho-ky-nguyen-vuon-minh-cua-dan-toc-a344161.html