Viet Nam targets to have 2 million enterprises by 2030

This is part of a Government's action program to implement the Politburo's Resolution 41 dated on October 10, 2023 on building and developing local entrepreneurs in the new era.

Under the action program, by 2030, the business sector will contribute around 65-70 percent of GDP, create jobs for 32-38 percent of the country's workforce, and account for 98-99 percent of total export turnover.

In addition, the action program also aims to have about 20 – 25 percent of businesses owned by women, and 30 – 35 percent having female directors or leaders.

The number of businesses ranked among those with the highest brand value by prestigious ranking organizations in the world will increase by 10 percent each year.

At least 10 Vietnamese businessmen will be on the list of world billionaires, and five voted as the most powerful businessmen in Asia by prestigious organizations by 2030.

The Government urged ministries, agencies and localities to finalize policies and laws, and create a favorable and equal investment and business environment for entrepreneurs and enterprises.

The entrepreneur contingent should promote national spirit and inspire the desire to develop a prosperous and happy country; and strengthen solidarity, cooperation, and connectivity between businessmen, workers, farmers and intellectuals.

The role of the Viet Nam Chamber of Commerce and Industry, and the Viet Nam Association of Small and Medium Enterprises; and intensify the Party's leadership and State management in building and promoting the role of the entrepreneur contingent.

Viet Nam is home to nearly 900,000 operating businesses, about 14,400 cooperatives and more than 5 million business households. The business circle contributes more than 60 percent of the national GDP, and about 30 percent of the total workforce./.