VN needs to develop 'national corporations' as force to drive economic growth

HÀ NỘI — Việt Nam needs to promote the development of national corporations as an important force to drive economic growth, experts have said. Developing enterprises, including large corporations, have been considered an important solution to improve production capacity and build an independent and autonomous economy. International experience from countries which achieved success in industrialisation have shown that large corporations and national corporations played an important role in the early stages of economic reform. “Việt Nam needs to have big names on par with the leading businesses in the region and the world. Nguyễn Quốc Việt, deputy director of the Việt Nam Institute for Economic and Policy Research, said a majority of large enterprises in Việt Nam operate in the real estate sector.