dare to think, dare to do, dare to break through the digital age

Hoài Phương |

Young entrepreneurs with the spirit of daring to think, daring to do, aspiring to start a business and innovating are becoming an important force promoting private economic development. The labor newspaper had an interview with Mr. Vu Hong Quan - Member of the Central Committee of the Vietnam Fatherland Front, Member of the Central Committee of the Vietnam Young Entrepreneurs Association, Chairman of the Binh Dinh Young Entrepreneurs Association - about the role, opportunities and challenges of the young entrepreneurs in the era of integration and digital transformation.

In the context of integration and fierce competition, how do you evaluate the role of young entrepreneurs in keeping up with trends and creating breakthroughs?

- President Ho Chi Minh's instructions in the letter to the Industry and Trade sector dated October 13, 1945 on entrepreneurs and businesses must accompany the nation to remain valuable. Especially in the context of deep integration, young entrepreneurs must show

youth, creativity, agility, seizing opportunities and opportunities, promoting innovation capacity for rapid, strong, but still sustainable development.

Young entrepreneurs must dare to think, dare to do, dare to break through in new fields; dare to take a difficult path to open up potential markets; create breakthroughs not only in the business model, but also in governance, brand building and affirming Vietnam's position on the world economic map.

In your opinion, what barriers are young entrepreneurs and startups facing and what direction will help them overcome them?

- In reality, the biggest barrier that young entrepreneurs and startups are currently facing is lack of capital and difficulty in accessing financial resources. This has caused many businesses with good models and ideas to lose their development speed. Many startups are still weak in governance, legality, and human resources, and have to compete directly with large corporations.

To overcome this, young entrepreneurs need to proactively link up, seek strategic partners, focus on innovation, exploit market alleys instead of face-to-face confrontation. At the same time, take advantage of policies to support startups and digital transformation, apply science and technology to optimize costs, increase competitive advantages. With talent, intelligence and courage, I believe that the young entrepreneur team will turn challenges into opportunities, accompanying the country in development.

How do you feel about how young entrepreneurs apply technology, digital transformation and innovation to improve business efficiency and affirm their brand?

- In the modern economy, technology, digital transformation and innovation are the "key" to helping businesses make a breakthrough. Young Vietnamese entrepreneurs have been applying technology very effectively in management, operations, logistics and digital payments to optimize resources, save costs and increase productivity. They have expanded the market, affirmed their brand through e-commerce, digital marketing and customer data analysis, helping many young brands quickly access domestic and international markets.

In addition, they create new models and values from green economy, creative economy to AI application, blockchain, IoT... in the spirit of "not afraid to experiment", thereby optimizing the ability to commercialize. Dynamism, creativity and aspiration to rise up help young entrepreneurs turn technology into a competitive advantage, affirming the Vietnamese brand on the global economic map.

How do you evaluate the significance and importance of Resolution No. 68-NQ/TW of the Politburo on private economic development for the business community and young entrepreneurs?

- In my opinion, this Resolution is of special importance, affirming the strategic role of the private economy in the economic structure. For the first time in nearly 40 years, the private economy is clearly identified as an important driving force, along with the state economy and the collective economy, creating strong confidence for the business community and opening up a favorable policy corridor.

The Resolution is also the basis for the Government and ministries and branches to concretize support policies, reform procedures, and create a transparent and fair investment - business environment. With the spirit of encouraging innovation, entrepreneurship and daring to make breakthroughs, the Resolution adds motivation for young entrepreneurs to confidently invest and try their hand in new fields, contributing to the strong and prosperous development of the country. This is not only a political document, but also a guideline to help young entrepreneurs affirm their pioneering role in the integration era.

Ong Vu Hong Quan gop y de an tot nghiep cua cac nhom sinh vien FPT University Quy Nhon. Anh: Hoai Phuong
Mr. Vu Hong Quan commented on the graduation plan of FPT University Quy Nhon student groups. Photo: Hoai Phuong

Can you share how the Binh Dinh Young Entrepreneurs Association accompanies and supports young businesses to develop sustainably?

- Recently, the Binh Dinh Young Entrepreneurs Association has implemented many activities to accompany and support young entrepreneurs, focusing on developing the organization and improving the quality of activities. The Association expands its member network, creates a foundation for connecting with the Gia Lai Young Entrepreneurs Association and builds a roadmap for organizing a merger after the merger of provinces.

The Association also completed the database, introduction documents, and consolidated electronic information pages - social channels to support promotion and trade. thematic training programs for prestigious speakers have been enhanced to meet the needs of members. In the near future, the association will organize

Startup Award for young entrepreneurs in the province and signing strategic cooperation agreements with major partners in science and technology, promoting startup connection with investors.

How do you evaluate the role of the press in reflecting, accompanying and supporting young entrepreneurs in their journey of entrepreneurship and development?

- The support of the press is an important spiritual motivation and lever to help young entrepreneurs confidently commit, innovate and affirm their position in Vietnam in the new era. In the journey of starting a business and developing a brand, the press is not only an information channel but also a companion, reflecting success stories, efforts to overcome difficulties, typical examples and good models, thereby encouraging the spirit of entrepreneurship in the whole society.

Through the press, the voice and ideas of young entrepreneurs are spread to customers, investors and policymakers, demonstrating the role of a bridge between businesses and the community. Quality articles help the image of new-generation entrepreneurs and businesses become professional and reliable, creating competitive advantages, while enhancing reputation and brand in the market.

Thank you!

Hoài Phương
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