Expectations from “Dialogue 2045”

“Dialogue 2045” was officially initiated with the first conference chaired by Prime Minister Nguyen Xuan Phuc at the Thong Nhat Conference Hall in Ho Chi Minh City on March 6. The event will be held annually for Party and State leaders to listen to the opinions of entrepreneurs and intellectuals regardingbuilding Vietnam into a developed and high-income country by 2045.

This year’s dialogue discussed major issues in the country, including people and technology, digital transformation, institutional reform, facilitation of production and business, human resource development, environmental protection, cultural preservation, and others.

The discussions covered new issues arising from the Fourth Industrial Revolution such as technology and digital transformation. The remaining issues were not new, but need to be handled in accordance with the new position of Vietnam, a country with a growing scale and enhanced role in the global arena.

Currently, the scale of Vietnam’s economy is about US$343 billion, ranking it in the top of 40 largest economies in the world and fourth in ASEAN while per capita income is just over US$3,500.

To become a developed and high-income country by 2045, Vietnam must continuously maintain high growth over the next 20 years with per capita income soon exceeding US$12,000 per year.

This is a challenging target because as income gets higher, it will be more difficult to attain additional growth. However, Vietnam has the resources and the basis to turn its aspirations into reality.

It is important that the business community, the pillar of the country, must be oriented for development at new heights while not merely seeking profit but creatingnew values ​​for society towards the sustainable development and common prosperity of the country. Enterprises and entrepreneurs must truly become a national resource.

Today, enterprises and business people have a special position, making significant contributions to national economic development.

The nation has more than 800,000 active enterprises. Ofthese, the private sector contributes about 42% of GDP and creates more than 50% of jobs in society.

Private enterprises not only invest in labour-intensiveindustries but they have also competed vigorously on the international market in industries that require large investment and resources such as software, aviation, and tourism. Vietnam also has business people listed in the world’s top dollar billionaires.

To realise the nation’s aspirations, it is necessary to further promote the role of the private economy, making it truly become a powerful driving force for development.

At the same time, it is necessary to adjust mechanisms and policies to improve production and business efficiency and promote large resources that State enterprises are holding. Only when enterprises are strong, will the nation become prosperous.

A quarter of a century is long enough for Vietnam to create tremendous growth and the miracle of becoming a developed country on the occasion of the100th anniversary of the National Day and “Dialogue 2045” is an important forum aimed at contributing to that miracle.

Source: Nhan Dan Online