From hardship to recovery
Recalling the early days after the country's reunification, Mr. Pham Phu Ngoc Trai - member of the Chairman of the Global integrated Business Consulting Company (GIBC) said that at that time, Ho Chi Minh City had to face countless difficulties from lack of facilities, declining economy, being bombed, and having few raw materials, machinery and foreign currency. However, with the spirit of self-reliance and creativity, the city's people have joined hands to create from what they have in hand.
From small retail stores, modest production groups, cooperatives to primitive handicrafts - all are the first beginnings of the private economy, originating from internal strength, creativity and the desire for endless change.
Over the years, Ho Chi Minh City has today risen to become the economic locomotive of the country, maintaining its pioneering role with a stable annual contribution of about 1/5 of GDP and more than 1/4 of the total national budget revenue. Behind those impressive numbers is the tireless efforts of the entire government system, business community and people - people who constantly contribute with courage, creativity and aspiration to rise up.
“From the business model, the hospital system, the school, to the leadership team and each citizen - all are unanimously holding and promoting the core values to continue moving firmly. new development for the country ” - Mr. Ngoc Trai shared.
Enterprises are the driving force for development
Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc expressed his pride when the city has been accompanied by the business community for half a century. He affirmed that the enterprise is the resource, the motivation for development; And the government acts as a true "midwife" - supporting, leading and creating an equal playground for businesses to develop.
Citing the remarkable progress of the non-state economic sector, Chairman Nguyen Van Duoc said that if in 1985, the total production value of this sector only reached 8.6 billion VND, by 1995, the figure had skyrocketed to 15,402 billion VND - nearly 1,800 times after a decade. Currently, the business and entrepreneur force in Ho Chi Minh City has contributed more than 50% of GRDP, accounting for 67% of total social investment capital and about 25% of the city's total import-export turnover.
Many businesses have been steadfast over the past four decades, building reputable brands that are familiar to consumers. Not stopping at the domestic market, the city's enterprises are gradually affirming their position in the international arena. Ho Chi Minh City leaders affirmed that they will continue to promote institutional reform, improve the investment - business environment, especially in the fields of green transformation, digital transformation and international integration.
We are entering a new era - one that is full of challenges but also full of opportunities. I believe that with the consensus between the government and the business community, Ho Chi Minh City will make a strong breakthrough, realizing the aspiration to become an economic, financial and service center of Asia - Chairman Nguyen Van Duoc emphasized.
According to the Chairman of the Ho Chi Minh City People's Committee, more and more Ho Chi Minh City businesses are reaching out and participating in key projects of the city. Small and medium-sized enterprises are constantly striving to develop to become large enterprises, while large enterprises are expanding their scale, increasing their potential and competitiveness, gradually becoming the leading force in key industries and fields and gradually reaching the international market.
With the inherent spirit of dynamism and innovation, businesses will continue to accompany the city government in "innovation actions", pioneering in implementing green transformation, digital transformation and actively contributing ideas and initiatives to build Ho Chi Minh City to develop sustainably in the era of the Vietnamese people's rise.
