Vietnam launches “Private Economy Panorama Model” to foster public-private national development

DNHN - Billionaire Nguyen Thi Phuong Thao emphasizes that entrepreneurs’ responsibilities extend beyond profits to creating social value.

On September 11, the Private Economic Development Research Board (Board IV) officially introduced the “Vietnam Private Economy Panorama Model,” along with the launch of its Executive Council and key committee members. This announcement marked the opening of the Vietnam Private Economy Panorama initiative and set the stage for the first national event, scheduled for October 10, 2025, in Hanoi, coinciding with Vietnamese Entrepreneurs’ Day.

The launch ceremony brought together some of Vietnam’s most influential business leaders, including Truong Gia Binh (Chairman of FPT Corporation and Head of Board IV), Don Lam (CEO of VinaCapital), Mai Huu Tin (CEO of U&I Group), Vu Van Tien (Chairman of Geleximco), Nguyen Thi Phuong Thao (Chairwoman of Sovico Group), and Cao Thi Ngoc Dung (Chairwoman of Phu Nhuan Jewelry JSC – PNJ). They were joined by senior representatives from enterprises such as Gemadept, Shinec, Euro Window, Dai Dung, Thai Hung, AA Corporation, Vinh Hiep, Hanel PT, TMG, and others.

According to Truong Gia Binh, this launch represents not only a structural advancement but a strategic call to action for the country’s entrepreneurs. “The moment for the nation has arrived. Every entrepreneur must ask themselves what they can contribute to achieving the goal of Public-Private Nation Building: Strong and Prosperous,” he said.

A vision for public-private synergy

At its core, the Vietnam Private Economy Panorama Model promotes a vision of collaborative nation building, fostering mechanisms for cooperation and shared responsibility between private enterprises and public institutions. It aims to bring together intellectual resources, capital, and influential voices across the private sector, from large corporations to small businesses, to help position the private economy as a key driver of national growth.

Nguyen Thi Phuong Thao, Chairwoman of Sovico Group, emphasized the rising contribution of the private sector to the national economy. She noted that the private economy currently accounts for over 40 percent of Vietnam’s GDP and is on track to reach 60 to 70 percent in the near future. “Private enterprises work alongside the government in shaping policy to ensure that every economic decision is based on scientific evidence and real-world needs. This model is not just a tool but a lever to unlock resources, positioning the private sector as a national pillar and the primary engine of growth through 2030, with a long-term vision to 2045,” she stated.

She added that entrepreneurs today bear a wider social responsibility. “We understand that the role of an entrepreneur extends beyond generating profits. It includes creating social value, promoting sustainable development, protecting the environment, and strengthening national confidence.”

Innovation and green growth as the way forward

Looking ahead, Vietnam’s private sector is expected to play a pioneering role in areas such as innovation, digital transformation, artificial intelligence, green technology, and green finance. Nguyen Thi Phuong Thao underscored that private and national enterprises have a shared mission to lead these transformations not only for their own advancement but to fulfill Vietnam’s broader development aspirations.

The Vietnam Private Economy Panorama event, set for October 2025, is anticipated to become a landmark platform for strategic dialogue, policy coordination, and stronger public-private alignment in driving national economic progress.

Thao Nguyen