Entrepreneurs always understand that, in a healthy competitive market mechanism, the value of material means accumulated in the enterprise is not constant.
Prime Minister Pham Minh Chinh talks with businesses - Photo: DOAN BAC
During a meeting on February 10 with a number of leading private business leaders to discuss solutions to promote economic growth, the Prime Minister asked businesses to consider participating in major national events, showing special attention to the role of the private business force in the country's "era of rising up".
In fact, the contribution of the non-state sector to the economy has remained at around 50% since 2010. Is it true that Vietnamese private enterprises "refuse to grow" as many economic experts say?
Entrepreneurs always understand that, in a healthy competitive market mechanism, the value of material means accumulated in the enterprise is not constant.
An entrepreneur without enough ethics, intelligence and courage will find it difficult to attract talented personnel, promote innovation, convince others to contribute capital and join together.
At that time, the value of the accumulated material in the enterprise can turn into zero even though they were previously valued at billions of dollars.
Therefore, the fact that Vietnamese private enterprises have not grown over the years is not because they do not want to grow, but because they are like heroes without a "place to show their power".
The good lands seem to have been reserved for state-owned enterprises and foreign-invested enterprises. They have to compete on barren lands and have to "dance" with a bunch of "institutional" strings wrapped around them.
For a long time, Party and State leaders have often said that institutional reform is the "breakthrough of breakthroughs" because the current institution is the "bottleneck of bottlenecks". But the question is: where does the breakthrough begin?
It is a radical change in perception regarding the dignity of entrepreneurs in a market economy.
Creating profits and expanding the scale of business assets is the dignity of an entrepreneur, demonstrating the talent and success of an entrepreneur in the marketplace. That is the duty of an entrepreneur in society.
In the process of steering a business to seek profits and expand assets, entrepreneurs are likely to fall into "traps" that cause them to be accused and suspected of being greedy, selfish, profiteering, opportunistic, etc.
The role of the State is precisely to build a healthy and fair competitive market mechanism for business people to dispel all those doubts.
That must be the destination of this institutional reform: building a legal system, a rule of law state, aiming to create and protect a fair competitive market economy and eliminate all doubts about the dignity of business people.
Only then will state agencies boldly open up the "lands" that have long been reserved for state-owned enterprises and foreign investment to Vietnamese businessmen, as well as remove the "forest of regulations" surrounding them.
At that time, Vietnamese businessmen, without needing to shout, with their dignity, will automatically bring all their intelligence, experience and passion to compete to create increasingly valuable products to serve the needs of people in the country and around the world.
Corporate profits and asset size will automatically increase when they become a measure of respect in society. High economic growth for the entire economy will also come automatically.
Source: https://tuoitre.vn/pham-gia-cua-gioi-doanh-nhan-20250212084418127.htm
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