Vietnam's private sector crucial for future success: analyst predicts
Interview with Giản Tư Trung: Private Sector's Promising Future in Việt Nam
Giản Tư Trung, the man behind PACE Institute of Management and the Institute of Research on Education Development, has some inspiring thoughts about Việt Nam's private sector and its role in shaping the nation's economic future. Here's the scoop.
Việt Nam's Business Community Is Flipped Over Party General Secretary Tô Lâm's Strategy for Developing the Private Economy
Giản Tư Trung shares that the business community is buzzing with anticipation over Tô Lâm's recent theories on the private sector. With the growth of private businesses being acknowledged as a key catalyst for Việt Nam's growth in any developed economy, the recognition couldn't be more timely.
The Private Sector: The Engine of Việt Nam's Economic Growth
According to Giản Tư Trung, it's about time the private sector takes center stage in driving Việt Nam's economy. Breaking free from the conventional thinking, the private sector is no longer just a proposal or expert recommendation. It's a directive from the highest authority in the nation.
Currently weathering domestic and international economic storms, the business community eagerly looks forward to finding solace in the Party and Government's bolder, more aggressive and practical policies.
Key Conditions for Việt Nam's Private Economy to Thrive
To set the private sector up for success, Giản Tư Trung pinpoints equal opportunities as the key condition. The private sector needs unfettered access to resources, including land, finance, data and mechanisms, equal to other market players.
Also, participation in major national projects would be a significant step toward creating a level playing field for the private sector.
Education & Training for Sustainable Development
Giản Tư Trung sheds light on the dire need for education and training in Việt Nam's private sector. The four main groups currently lacking in quality human resources are managerial talent, expert specialists, skilled workers, and general labor.
Numerous young graduates are struggling to find work relevant to their education, leading to what he calls a massive waste for workers, businesses, and the economy.
To overcome this situation, Giản Tư Trung advocates for an overhaul of the national education strategy, reforming higher education and vocational training, and ultimately transforming the entire education system to produce talent tailored to industry demands.
The Need for a New Generation of Entrepreneurs
Beyond leadership and business acumen, the new generation of entrepreneurs needs a blend of cultural depth, humanity, and patriotism, according to Giản Tư Trung.
Giản Tư Trung, Rector of PACE Institute of Management and President of the Institute of Research on Education Development.
Moreover, the management paradigm should evolve to combine rule-based governance, goal-oriented management, and cultural leadership to meet the needs of an increasingly independent workforce.
Education and Training in the Private Sector Development Plan? Absolutely!
While Giản Tư Trung didn't explicitly spell it out in a public statement, his values and vision suggest an emphatic "yes" to provisions promoting education and training in the Private Sector Development Plan. According to Giản Tư Trung, the national development strategy, private economy strategy, national human resource strategy, and national education and training strategy all need to be tightly linked for meaningful education and training support to the private sector and national development as a whole.
In short, Giản Tư Trung's perspective emphasizes the crucial role of the private sector in powering Việt Nam's prosperity. With the right support and resources, the private sector is poised to lead the charge in taking Việt Nam to new heights.
- Giản Tư Trung, a key figure in Viêt Nam's private sector development, believes the private economy is vital for Viêt Nam's growth in any developed economy.
- Tô Lâm's strategies for developing the private economy have sparked excitement within the business community, recognizing private businesses as a key catalyst for Viêt Nam's growth.
- Giản Tư Trung suggests the private sector, instead of playing a secondary role, should drive Việt Nam's economy, as outlined in directives from the highest governmental authority.
- To support the private sector's growth, Giản Tư Trung emphasizes equal opportunities, with unfettered access to resources such as land, finance, data, and mechanisms essential for the private sector's success.
- Giản Tư Trung advocates for reforming the national education strategy, refocusing higher education and vocational training to meet industry demands and equip the workforce with the required skills.
- Citing a lack of quality human resources, Giản Tư Trung points to the need for a new generation of entrepreneurs with cultural depth, humanity, and patriotism.
- Giản Tư Trung's vision indicators a strong endorsement of provisions promoting education and training within the Private Sector Development Plan, believing all national strategies should be interconnected for meaningful support to the private sector and national development.
- Ultimately, Giản Tư Trung's perspective underscores the private sector's potential in powering Việt Nam's prosperity, with the right resources and support positioning the sector to lead the nation to new economic heights.
