Special Mission of VCCI

“In 2026 – the starting year of Vietnam’s era of national rise, the business community, especially the private sector with its established position and political role, will take the lead in contributing to national prosperity, implementing a new growth model, and realizing the 100-year goal set by the Party,” affirmed Ass. Prof., Dr. Ho Sy Hung, President of the Vietnam Chamber of Commerce and Industry (VCCI).

To fulfill this goal, VCCI, together with the business community, will continue to pursue fast and sustainable growth based on innovation and the application of science and technology, focusing on key areas such as the green economy, digital economy, and data economy.

Will the Lunar New Year of 2026 - marking the first year of the new term and the implementation of the Resolution of the 14th Party Congress - also represent a major turning point for the economy and the Vietnamese business community?

The goal set by the Party and the State is to achieve double-digit growth in the 2026-2030 period to help Vietnam escape the middle-income trap, by 2030 to become a developing country with modern industry and upper-middle income, and by 2045 to become a developed country with high income. The key to realizing this major goal identified by the Party is to promote the internal strength of the economy, develop a strong private sector, and at the same time integrate the economy deeply and broadly into the international economy.

To create the foundation for this important transition, the Politburo issued eight important resolutions with strategic significance in most key areas. Among them, Resolution No. 68 established the position of the private economic sector both politically and institutionally in the economy with the role as a participating force, contributor, and owner of production and business activities.

This is an important view creating the basis for the issuance of policy mechanisms for implementation in the coming period, contributing to strengthening business confidence and awakening the entrepreneurial spirit in the Vietnamese business community.

VCCI President and VBF Co-Chairman Ho Sy Hung addresses the Vietnam Business Forum 2025 

From the perspective of enterprises, in your opinion, what foundational factors should Vietnamese enterprises focus on to improve competitiveness and capture development opportunities in 2026 and the following years?

In 2026 the economy is forecast to continue facing unpredictable fluctuations, requiring enterprises to adopt long-term development strategies and remain flexible and adaptive to changes in trade and investment policies as well as technical and environmental barriers from several major partners. Based on the strategic orientation set by the Party and the Government, enterprises need to be proactive and creative in approaching new trends and new markets suitable to the advantages and strengths of Vietnam. In particular, enterprises should recognize new opportunities as conditions begin to form in strategic areas such as digital economy, data economy, and green economy. At the same time, it remains necessary to promote growth through exports – one of the main growth drivers of the economy.

Over the past period, Vietnamese enterprises have succeeded in producing products and goods to replace imports but have not strongly developed high-value goods suitable to rising income levels, consistent with growth above 10%, with GDP striving to reach US$5,400 – US$5,500 per person per year in 2026.

Therefore, in my opinion, enterprises need to focus on researching and exploiting emerging demands in the domestic market of more than 100 million people, especially as income in 2025 reached US$5,000 per person – classified as high middle income – creating demand for goods with high technology value.

VCCI President Ho Sy Hung and Vice VCCI President Nguyen Quang Vinh award the “CSI Star” trophy to companies that have secured the Top 10 Sustainable Companies title for more than five consecutive years

With the role as the locomotive leading the business community and the team of Vietnamese entrepreneurs in receiving this mission and major responsibility, what specific actions will VCCI implement?

In 2026, VCCI will follow the policies and strategic orientation set by the Party and State leadership. At the same time, as the national organization representing the business community, VCCI will continue to carry out the mission of supporting, encouraging, and motivating the business community to participate actively and proactively, contributing to the realization of the double-digit growth goal and other major goals.

Continuing to affirm its representative role in policy making, VCCI, together with ministries and sectors, will focus decisively on reviewing and reducing business conditions and compliance costs, contributing to the completion of a favorable and transparent business environment and increasing the participation of the business community in law and policy building activities.

VCCI President Ho Sy Hung delivers a keynote address at the U.S.-Vietnam Business Summit 2025

In 2026, enterprises still have significant room for growth and market expansion. VCCI will support enterprises to utilize more effectively the advantages of FTAs and promote exports to traditional markets with high value. At the same time, it will seek new markets suitable to the production capacity being strengthened by Vietnamese enterprises. In the opposite direction, VCCI will connect associations, corporations, and major investors worldwide to invest in Vietnam, focusing on key areas such as data centers, international financial centers, and free trade zones. VCCI will develop a project to connect the Vietnamese business community, Vietcham, at home and abroad to optimize resources and capture investment and business opportunities.

VCCI and its partner sign a cooperation agreement to develop the Vietnam Private Sector Economic Report Program

At this special moment at the beginning of the new year, could you share your feelings and expectations for the Vietnamese business community?

In the new year, I hope every Vietnamese enterprise will maintain a spirit of optimism, stay committed to its mission, and continue to innovate in order to adapt to global trends with perseverance, substance, and efficiency. I believe that, driven by a strong aspiration to rise, the Vietnamese business community will not only achieve robust recovery but also deliver remarkable breakthroughs, helping bring the nation closer to the goal of becoming a powerful and prosperous country by 2045.

Thank you very much!

By Hanh Le, Vietnam Business Forum