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Hope the Government will accompany private enterprises to enter a new era with the country

Việt NamViệt Nam10/02/2025

On the morning of February 10, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee to meet with businesses on tasks and solutions for private enterprises to accelerate, make breakthroughs, and contribute to the country's rapid and sustainable development in the new era.

Founder and Executive Chairman of T&T Group Do Quang Hien speaks at the meeting. (Photo: TRAN HAI)

Also attending were Deputy Prime Ministers Nguyen Hoa Binh, Tran Hong Ha, Le Thanh Long and Bui Thanh Son; leaders of central ministries, branches, business associations, and 26 large state-owned and private enterprises.

At the conference, representatives of corporations and private enterprises raised many difficulties and obstacles encountered in the process of production, business, investment and development; hoping that the Government, ministries, branches and localities will actively remove them and create favorable conditions for enterprises to make positive contributions, bringing the country into a new era. era of growth of the nation to develop rich, civilized, prosperous.

Founder, Executive Chairman of T&T Group Do Quang Hien This conference is very important, creating confidence for businesses and entrepreneurs. T&T Group are patriotic national entrepreneurs, always have the desire to contribute, the desire to get rich, always link national interests with the interests of businesses and entrepreneurs. The Group realizes that the country's destiny is extremely good. T&T Group has been established for 32 years, up to now has nearly 80,000 cadres, workers and employees; paying the budget in the top 50 Vietnamese enterprises paying the largest budget in the country.

T&T Group has invested heavily, tens of billions of USD in many fields, including many large projects that have come into operation. That is the field of renewable energy, the group has invested, connected to the grid and currently has a number of projects under negotiation with Vietnam Electricity Group (EVN). The group has invested in and completed more than 1,000 MW of renewable energy projects such as wind power and solar power. And currently, T&T is continuing to invest in 2 gas power projects, with a capacity of 3,000 MW. The group has also purchased a wind power project in Laos, with a capacity of more than 300 MW, currently under construction in Laos; the total value of the investment project in Laos is more than 600 million USD.

In addition, T&T is also investing in biomass power projects, waste treatment, waste-to-energy projects... in some provinces. Currently, T&T is also cooperating with SK Group (Korea) to invest in a gas complex to produce green hydrogen and recover carbon emissions, which is SK's strength. In addition to renewable energy, T&T is also investing in a multimodal high-tech logistics project in Vinh Phuc covering more than 100 hectares with Singapore, aiming to form a China-Vietnam-ASEAN supply chain. The group is also investing in a high-tech logistics project in Ho Chi Minh City. In this field, the group uses AI technology and complete automation.

Recently, T&T also invested in the Quang Tri airport project. This project is currently under construction and if nothing changes, it will be inaugurated in June 2026. Currently, the Group is also cooperating with industrial component and renewable energy corporations. When investing in airports, airport urban areas and aviation complexes, the Group has researched and focused on investing in aviation. Of which, T&T has invested 75% in Vietravel Airline. And the day before yesterday, February 8, the Group worked with Boeing aircraft manufacturer and Boeing was very interested, agreeing to have a Boeing representative in Vietnam, and T&T is also a strategic partner of Boeing in Vietnam and Southeast Asia.

In the infrastructure sector, the Group is currently waiting for Hanoi City to complete procedures to select investors for the Ring Road 4. The Group has also registered to become an investor. In addition, the Group is also participating in a number of large real estate projects, high-tech industry, healthcare, education and sports.

The Group has some recommendations for the Prime Minister. That is, some enterprises working in the field of renewable energy are negotiating electricity prices with EVN. However, the price issue has not yet been agreed upon. In addition, the equitization of state-owned enterprises needs to be accelerated. The Group suggests that for joint-stock enterprises where the state does not control, divestment needs to be accelerated further.

Chairman of the Board of Directors of THACO Group Tran Ba ​​Duong speaks at the Conference. (Photo: TRAN HAI)

Chairman of THACO Group Tran Ba ​​Duong said, After more than 25 years of development, THACO has become a multi-industry corporation, focusing on industries such as automobiles, agriculture, mechanics and supporting industries, investment in construction, trade services and logistics. With the country's growth target in 2025 reaching 8%, and the following years being double digits, the industries that THACO is working in are also trying to contribute to this goal.

THACO has established a solid foundation in the industries it is operating in to move towards a new era and develop with very clear directions and strategies set by the Government. Specifically, for automobiles, THACO currently produces almost all types of products and we currently control 32% of the market share.

Last year, THACO sold 92,000 vehicles, this year it is trying to sell 100,000 vehicles and will focus on hybrid vehicles - vehicles with both electric and gasoline engines.

For automobiles, THACO has also met the localization rate, passenger cars are from 27 to 40%, trucks are over 50% and buses are over 70%. The Group has reduced costs and especially met the specific requirements of customers as well as the conditions of use in Vietnam. In the field of mechanical engineering - supporting industry, THACO has formed a foundation for both product research and development and production organization. In particular, the Group participates in the global value chain in mechanical manufacturing. Currently, THACO's export growth rate is very high. In the coming time, in September 2025, THACO will start construction of the Mechanical Engineering Support Industrial Park in Binh Duong with a scale of 700 hectares. Currently, in the Southern region, FDI enterprises are in great need of domestic enterprises to supply components and machinery equipment to reduce costs and logistics costs.

In line with the Prime Minister's direction today, as well as the Prime Minister's direction during his visit and work in the central region, Chu Lai, Quang Nam and THACO, the Group will focus on participating in urban railway construction, especially train cars and steel components. With a team of engineers as well as experience in product research and development, international cooperation, THACO leaders promised the Prime Minister that there will be a reasonable technology transfer, on-site production organization to reduce costs and this product will have the participation of Vietnamese enterprises, responsible for quality and cost.

THACO also promises to promote cooperation through large projects, helping small and medium enterprises participate in the production chain, as well as linking to order steel manufactured according to product standards.

Chairman of the Board of Directors of Hoa Phat Group Corporation Tran Dinh Long speaks at the Conference. (Photo: TRAN HAI)

Chairman of the Board of Directors of Hoa Phat Group Corporation Tran Dinh Long emphasized, committed to develop at least 15% in the period 2025 to 2030; stated that currently, the entire Vietnamese steel industry imports about 30 million tons of ore as raw materials for steel production, accounting for 95%; proposed: We have 2 large mines, Quy Sa and Thach Khe. Thach Khe iron mine is the largest iron mine in Southeast Asia, with a scale of about 500 million tons, located in Ha Tinh. He said that it is necessary to deploy the exploitation of Thach Khe mine to fundamentally solve the annual source of raw materials, saving foreign currency. In the 2025-2030 plan, public investment capital is very large, especially the Hanoi and Ho Chi Minh City urban railway projects, the Lao Cai-Hanoi-Hai Phong railway project. This is a great opportunity for businesses.

In the near future, Hoa Phat may invest in a rail manufacturing plant, investing 10 trillion VND. This is a very special product, if it is not used for the project, it will not be known who to sell it to. Therefore, the enterprise really hopes to have a document like a Resolution so that enterprises can feel secure in investing and manufacturing products for the project. Hoa Phat commits to ensuring the supply of steel for the Vietnam Railway Corporation to carry out the project. According to the plan, about 10 million tons of steel are needed, Hoa Phat commits to ensuring the quantity of 10 million tons, quality, delivery schedule and price lower than the import price.

Chairman of KN Holdings Group Le Van Kiem speaks at the Conference. (Photo: TRAN HAI)

Chairman of KN Holdings Group Le Van Kiem stated that as one of the private economic groups with a history of development of more than 45 years, KN ​​always aims to invest in business for sustainable development, making positive contributions to the community. In recent years, the Group has focused on encouraged fields such as renewable energy and green industrial zones to contribute to realizing the socio-economic development goals of the Party, State and Government.

Regarding renewable energy, the Group proposed that the Government soon approve the adjusted Power Plan VIII, as well as approve the Plan for deploying renewable energy sources until 2030. For solar energy projects, KN ​​recommends investing in battery storage systems to ensure optimal operation and to ensure that the system is not overloaded.

Decree 80/2024/ND-CP of the Government on the direct electricity purchase and sale mechanism was issued in July 2024, but there are still no detailed guiding circulars, nor specific regulations on related fees. Therefore, the Group hopes that the Government will pay attention and direct the early completion of the legal framework so that Decree 80 can quickly come into practice, helping businesses access clean energy and improve competitiveness in the global supply chain.

Regarding industrial park infrastructure, KN Group hopes to have support policies to form dynamic development projects of the region, form industry clusters, thereby creating conditions to support satellite enterprises, small and medium enterprises to develop together. In addition, the Group also recommends administrative reform, through simplifying administrative procedures, allowing simultaneous implementation of investment licensing steps, to help enterprises quickly deploy investments, put projects into operation soon, but still ensure compliance with legal regulations.

The Group is ready to participate in pilot programs proposed by the Government in the areas in which the Group is investing and developing. KN is willing to accompany the Government to develop a strong, sustainable and internationally integrated economy. At the same time, the Group and the business community are committed to creating more jobs for society, especially improving opportunities for high-quality workers.

Mr. Nguyen Xuan Truong, Chairman of Xuan Truong Group, spoke at the Conference. (Photo: TRAN HAI)

Mr. Nguyen Xuan Truong, Chairman of Xuan Truong Group expressed, if we want to do big things, we must have ideas, must have project goals, must organize and implement well. For example, Ninh Binh only has 20 thousand hectares, but Xuan Truong gave 12 thousand hectares, that is 57% of the area of ​​a province ready to give to businesses in just a very short meeting - 15 minutes. The Group turns Ninh Binh into a tourist center of the country. Ninh Binh welcomes 10 million visitors each year, Ninh Binh has a population of 1 million people, so out of 10 people, 9 are tourists. The Group is determined to build cultural works of international stature, so that we can stand shoulder to shoulder with other countries.

Previously, Trang An and Tam Chuc had no brand, but now we have many projects with brand value. We need to discuss to have a policy mechanism, let businesses decide for themselves, take responsibility for themselves. With high-speed railways and roads, we must have ideas first.

We must have documents so that businesses can feel secure in investing, and then banks will lend money. For example, with steel, for a business to invest 10 trillion VND, in addition to its own capital, it must borrow from the bank. Xuan Truong Company invests in culture, so it does not have to borrow money and does not depend on the bank. According to him, the most important thing now is to have a mechanism.

Chairman of the Board of Directors of Deo Ca Group Ho Minh Hoang speaks at the Conference. (Photo: TRAN HAI)

Chairman of Deo Ca Group Ho Minh Hoang Expressing gratitude for the encouragement of the Prime Minister, when directly inspecting key projects such as Huu Nghi-Chi Lang, Dong Dang-Tra Linh, Ho Chi Minh City-Chon Thanh-Thu Dau Mot expressway and recently inspecting Quang Ngai-Hoai Nhon expressway, the Prime Minister directed to basically remove bottlenecks in institutions, credit capital sources, and required synchronous and effective exploitation of expressway projects.

To contribute to the rapid and sustainable development of the country, Deo Ca Group would like to contribute its ideas through the following models:

The first is the business management model (practical). From a private enterprise with a cooperative model in Phu Yen province, Deo Ca has built resources to participate in traffic infrastructure. Up to now, the Group has 20 member units with a scale of 8,000 employees, completed investment and construction of more than 47km of road tunnels, 480km of highways and national highways, and managed 18 toll stations nationwide. The Group has proven a successful management model, standardized the process of managing traffic enterprises, and shared practical business management experiences not only for itself but also for its partners in the same industry.

The second is the joint financial model, connecting with other businesses to invest and construct together according to the principle of "harmonized benefits and shared risks" to participate in PPP investment projects. Thereby, training organizations improve management capacity, labor productivity when optimizing production, controlling costs, applying technology to cost management, improving labor productivity when participating in the construction of public investment projects, or planning and preparing human resources to implement railway and metro projects in the future. Enterprises need the connection of the Government when working together, need to specify the ordering for private enterprises to participate in key strategic projects such as high-speed railways, metro, ...

Third, the model of building culture and applying technology. Deo Ca always believes that "culture and human resources are two things that cannot be borrowed", thereby autonomously building its own culture and being autonomous in its operations. Focusing on building Party culture in private enterprises, determining the goals of Party committees and Party cells to accompany the economic development of the Enterprise. Currently, Deo Ca Group has 2 Party committees, 10 affiliated Party cells and 200 Party members. The Group especially values ​​the role of Party organizations and Party members in all activities of the Group.

Ready to take on the country's upcoming major projects, the Group pays special attention to developing and upgrading human resources; proactively training at many levels and in many fields for the entire system, planning and investing in the next generation of human resources, and cooperating closely with domestic and international training units. In order for private enterprises to accelerate, make breakthroughs, and contribute to the rapid and sustainable development of the country in the new era, Deo Ca Group has proposed a number of recommendations and solutions.

Firstly, create trust for businesses to steadfastly accompany the country. It is necessary to resolve the shortcomings of the policy system that have existed for many years and thoroughly handle the stalled projects that cause waste.

Second, determine the value that private enterprises contribute to the country through PPP investment projects. It is necessary to seriously evaluate private investment projects in terms of investment value, quality, construction progress, costs, etc. compared to projects of the State sector and to select good enterprises, creating conditions for them to become the leading birds of the industry in order to create conditions to guide other enterprises to develop together.

Third, create conditions for private enterprises to build a culture of becoming "national enterprises". A national enterprise is not simply a domestic business organization but also has a larger mission of developing the economy in conjunction with protecting national interests, preserving national identity and enhancing the country's position in the international arena.

Fourth, accompany domestic private enterprises to integrate internationally; create conditions for domestic enterprises to learn models from advanced countries to improve their capacity in design, construction, management and project operation.

Fifth, continue to create mechanisms so that party members and party organizations can truly play a core role in building and developing private enterprises.


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