Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vietnam Aims to Create ‘Fair’ Environment for Entrepreneurs

Dec. 19 (Bloomberg) -- Vietnam’s Politburo, the highest political body, aims to create a “fair business environment” for entrepreneurs in the country as it recognizes their importance in the economy, according to a resolution on the government’s website.

The nation will make socio-economic development plans public and “transparent” to help reduce business risks for entrepreneurs, according to the Politburo statement dated Dec. 16. It also encourages an increase in the number of medium-sized firms as well as consolidation and merging of companies in order to build strong brands capable of competing regionally by 2020, the release said.

“It affirms that Vietnam respects the role of different economic sectors,” including private businesses, Nguyen Duc Kien, deputy head of the National Assembly’s economic committee, said by phone from Hanoi today. “Business management was once considered something impure.”

The resolution is the Politburo’s first on entrepreneurs, Kien said. The move further highlights the growing influence of entrepreneurs in the economy, after the nation in January officially allowed private business owners into the Communist Party for the first time.

The country seeks to “build a large and strong group of entrepreneurs who have national spirit, political awareness, business culture, high social responsibility,” and good management skills, the statement said.

To contact Bloomberg News staff for this story: Bloomberg News in Hanoi at emailtv@bloomberg.net

To contact the editor responsible for this story: K. Oanh Ha at oha3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.