Vietnamese Entrepreneurs and Journey of Value Creation

They not only create material wealth but also shape new values for the economy, contributing to affirming Vietnam’s position on the global economic map.

Pillars of development and integration

Since the launch of Doi Moi in 1986, entrepreneurs have gradually proven their indispensable role in the economy. From small production workshops, private enterprises have become a key growth engine, creating jobs, contributing to the state budget, and driving exports. Today, Vietnam has more than 970,000 operating enterprises, with the private sector contributing about 60% of GDP and accounting for 85% of total employment nationwide.

In a volatile global economy, Vietnamese entrepreneurs remain committed to innovation and agile adaptation. They are expanding production, investing in high technology, renewable energy, and semiconductors, while also leading in digital economy sectors such as e-commerce, logistics, and service exports. Many Vietnamese brands have established a strong international presence, including Vingroup, FPT Corporation, Viettel Group, Vietnam Dairy Products Joint Stock Company (Vinamilk), Truong Hai Group Corporation (Thaco), Hoa Phat Group, and Masan Group.

Equally noteworthy is the growing spirit of “for the community.” When natural disasters, pandemics, or social upheavals occur, enterprises do not stand aside. They contribute to social funds, invest in education, startups, and healthcare, and launch initiatives for the environment. “Corporate social responsibility is no longer just a voluntary commitment but a fundamental requirement for competitiveness and sustainable growth in today’s economy,” emphasized economist Pham Chi Lan.

These contributions not only spur growth but also foster social trust, transforming the image of Vietnamese entrepreneurs from simple businesspeople into true partners in national development.

Entrepreneurs of a new era: innovation, creativity, and global aspiration

As Vietnam enters the era of digital transformation and deeper integration, entrepreneurs face both opportunities and challenges. The economy grew by 7.09% in 2024, and growth is forecast to accelerate in 2025, with the private sector expected to serve as the main driver.

Against this backdrop, a new generation of entrepreneurs and enterprises is emerging with a different profile: dynamic, creative, globally oriented, and deeply committed to sustainability. They aim not only for profit but also for long-term value creation, focusing on technological innovation, green development, circular supply chains, and environmentally friendly products. Companies such as VinFast Auto Ltd., TH Group, Vinamilk, Phenikaa Group, Thanh Cong Textile Garment Investment Trading JSC, VNG Corporation, and Dat Bike Company Limited exemplify this new wave of businesses committed to innovation and sustainable development.

The digital transformation wave is particularly noteworthy, enhancing competitiveness across industries. Many enterprises are applying artificial intelligence, big data, and automation in production, management, and marketing. This not only reduces costs but also improves efficiency, transparency, and data-driven decision-making. FPT, Viettel, and VNPT are pioneers in national digital transformation, now expanding into regional and global markets.

The journey of renewal, however, is not without obstacles. Most Vietnamese enterprises remain small and medium-sized, facing challenges in accessing capital, high-quality human resources, and international markets. Yet the determination of Vietnamese entrepreneurs remains a strong foundation. They learn quickly, connect deeply with global networks, and consistently embody the spirit of “Vietnam reaching further.” Some enterprises have become partners in global supply chains, such as Thaco Auto Corporation, Viet Tien Garment Corporation, and Minh Phu Seafood Corporation, actively participating in advanced industries including high technology, renewable energy, and processed exports.

Beyond business ambition, many new-generation entrepreneurs view contributing to society as both a responsibility and a mission. Community startup programs, scholarship funds, environmental projects, and initiatives supporting children and vulnerable groups are being widely implemented.

These efforts reflect a clear shift in vision: development driven by innovation, business ethics, and social responsibility. This forms the foundation for Vietnam to achieve its goal of becoming a high-income country by 2045, with the private sector truly serving as the key driver of the economy.

Efforts to build a seamless and secure payment ecosystem

Vu Ngoc COO, 9Pay joint stock company

The year 2025 has been highly challenging as global economic volatility has affected many Vietnamese enterprises. Still, Vietnam’s macroeconomic outlook continues to show positive signs. The country is carrying out multiple tasks and measures to reach its 2025 GDP growth target of 8.3-8.5%. Notably, the Government’s strategy for innovation and digital economy development has become a “guiding compass,” creating valuable opportunities for economic recovery and breakthroughs.

A landmark policy has been Resolution No. 68-NQ/TW on private sector development. This represents a breakthrough in both policy thinking and design, laying the foundation for digital transformation and financial infrastructure development. At the same time, the national innovation strategy and the establishment of international financial centers in Ho Chi Minh City and Da Nang have created new opportunities, especially in technology and finance. Fintech companies like 9Pay benefit from favorable policies on taxation, R&D costs, and access to capital and resources, empowering them to develop new solutions, increase technological content in financial products, deliver value to enterprises and individual consumers, and foster healthy competition and innovation.

We believe the sustainable development of the digital economy cannot be achieved without the participation of micro, small, and medium enterprises (MSMEs), nano SMEs, and household businesses - the essential “cells” of the economy. This is why we continually innovate our thinking and products, providing comprehensive digital payment solutions.

For SMEs in Vietnam and abroad, 9Pay offers payment gateway services and collection/disbursement support, enabling businesses and their customers to transfer and receive money quickly. For nano SMEs and household businesses, the Loa TingTing solution helps manage finances easily and supports digital adoption through tools such as voice payment notification speakers, e-invoices, digital signatures, and point-of-sale software.

By building a seamless and secure payment ecosystem, 9Pay is helping bring digital finance to every corner of the economy, turning the opportunities created by Resolution 68 into tangible value for Vietnam’s business community. With an unwavering spirit of innovation, we believe Vietnamese enterprises will remain a powerful driving force, propelling the economy toward its ambitious growth targets in the years ahead.

Source: https://vccinews.com/news/61867/vietnamese-entrepreneurs-and-journey-of-value-creation.html