Billionaire Nguyen Thi Phuong Thao: Entrepreneurs’ duty goes beyond profits

On September 11, the Private Economic Development Research Board (Board IV) held a ceremony to announce the “Vietnam Private Economy Panorama Model” and launched its Executive Council and key personnel of various committees as part of the inaugural Vietnam Private Economy Panorama program.

The launch of the Panorama Executive Council was attended by prominent business leaders, including Truong Gia Binh (Chairman of FPT Corporation and Head of Board IV), Don Lam (CEO of VinaCapital), Mai Huu Tin (CEO of U&I Group), Vu Van Tien (Chairman of Geleximco Group), Nguyen Thi Phuong Thao (Chairwoman of Sovico Group), Cao Thi Ngoc Dung (Chairwoman of Phu Nhuan Jewelry JSC - PNJ), and key leaders from committees representing businesses such as Gemadept, Shinec, Euro Window, Dai Dung, Thai Hung, AA Corporation, Vinh Hiep, Hanel PT, TMG, and others.

This marks a significant step in outlining the goals, values, and operational framework of the model, leading toward the first “Vietnam Private Economy Panorama” event, a major initiative set for October 10, 2025, in Hanoi, coinciding with Vietnam Entrepreneurs’ Day.

Truong Gia Binh, Head of Board IV and a member of the Vietnam Private Economy Panorama Executive Council, stated: “The nation’s moment has arrived, and every entrepreneur must answer the question of what to do in this future to achieve the goal of Public-Private Nation Building: Strong and Prosperous”

Vietnam Private Economy Panorama Model: Public-Private Nation Building: Strong and Prosperous

The Vietnam Private Economy Panorama Model aims to foster a “Public-Private Nation Building: Strong and Prosperous” vision, promoting mechanisms for collaboration and shared responsibility between the private sector and state agencies in economic development. It serves as a platform for uniting the intellect, resources, and impactful voices of the private business community, from large enterprises to small businesses, to help realize the goal of making the private economy a key driver of the national economy.

Nguyen Thi Phuong Thao, Chairwoman of Sovico Group, noted that the private economy currently contributes over 40% of Vietnam’s GDP and is on track to reach 60-70%. She expressed: “Private enterprises work alongside the government in policy planning to ensure that every economic decision is grounded in science and practice. This is not just a tool but a lever to unlock resources, positioning the private economy as a national pillar and the main driving force in the country’s development agenda through 2030, with a vision to 2045.

“We understand that an entrepreneur’s responsibility goes beyond profit to creating social value, promoting sustainable development, protecting the environment, and fostering national confidence,” Thao emphasized.

In an era of robust national development and integration, billionaire Nguyen Thi Phuong Thao stated that private and national enterprises have a mission to lead in innovation, digital transformation, artificial intelligence, green technology, and green finance. These efforts aim not only to advance their own growth but also to realize Vietnam’s aspiration for prosperity.