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Private economy in the Red River Delta: Regional linkage needed to create new growth space

On the afternoon of August 20 in Hai Phong, the Dialogue Round of the 2025 Private Economic Forum of the Red River Delta Cluster took place. Enterprises proposed to break the situation of “a hundred flowers blooming”, promote regional linkages to create new growth space.

Thời ĐạiThời Đại21/08/2025

The event gathered more than 200 delegates including leaders, experts and the business community in the Red River Delta Cluster. This is a key policy dialogue channel chaired by the Vietnam Young Entrepreneurs Association. The event aims to create a multi-dimensional exchange space between private enterprises and state management agencies.

Speaking at the forum, Mr. Do Huu Huynh, Vice President of the Vietnam Young Entrepreneurs Association, emphasized that the event took place in the context of localities operating a two-tier government model after changing administrative boundaries from July 1. According to him, this requires businesses not only to adapt quickly but also to proactively take advantage of opportunities from the "Quartet of Resolutions" issued by the Politburo , which identified the private economy as the most important driving force. From there, he raised the central issue of the role of businesses in adaptation and the need for support from the government to promote digital transformation and innovation.

Quang cảnh Diễn đàn.
The forum attracted more than 200 managers, experts and businesses. (Photo: Investment Newspaper)

Highlighting one of the major "bottlenecks", Mr. Tran Van Minh, Vice President and General Secretary of the Hanoi Young Entrepreneurs Association, said that the Red River Delta is experiencing a "hundred flowers blooming" situation in industrial park development. According to Mr. Minh, localities do not have close links to create production chains.

To solve this problem, Mr. Tran Van Minh recommended establishing a clear functional zoning mechanism.

"Apply the model 'Each province must identify key industries' based on the existing advantages of the locality. For example, Bac Ninh and Hai Phong can focus on electronics and microchips; Hung Yen, Hai Phong and Quang Ninh can develop precision mechanics and logistics," Mr. Minh proposed.

From the perspective of small businesses, Mr. Nguyen Duc Cuong, Chairman of the Ninh Binh Province Young Entrepreneurs Association, pointed out difficulties in capital, technology, high-quality human resources and access to land. Mr. Cuong recommended that the government should focus on macro policies instead of micro policies.

"The state focuses on major levers such as macroeconomic stability, fair competition, technical standards on environment, safety, fiscal discipline, currency and infrastructure," said Mr. Cuong.

On the host city side, Mr. Tran Van Quan, Vice Chairman of Hai Phong City People's Committee, affirmed that the city is committed to accompanying businesses. He said that Hai Phong focuses on investing in strategic infrastructure such as seaport - logistics systems, high-tech industrial parks and orienting the development of green industry and smart cities.

All recommendations from the dialogue session will be compiled into the Private Economic White Paper and the Forum's Joint Statement, to be submitted to the Government at the High-level Session scheduled to take place in September.

Ra mắt Ban Chấp hành Hội Doanh nhân trẻ Hải Phòng sau hợp nhất.
Launching the Executive Board of Hai Phong Young Entrepreneurs Association after the merger. (Photo: Investment Newspaper)

Also within the framework of the event, the Executive Committee of the Hai Phong Young Entrepreneurs Association (new), after the merger between the Hai Phong Young Entrepreneurs Association and the Hai Duong Young Entrepreneurs Association, was officially launched. Mr. Dang Viet Bach was elected as Chairman of the Association.

Source: https://thoidai.com.vn/kinh-te-tu-nhan-dong-bang-song-hong-can-lien-ket-vung-de-tao-khong-gian-tang-truong-moi-215701.html


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