City seeks to turn enterprise scale into competitiveness and economic impact
Ho Chi Minh City is focusing on strengthening business capabilities, developing leading enterprises and expanding their positive impact across the wider economy.
Ho Chi Minh City is prioritizing the development of large-scale enterprises to enhance its competitiveness and economic impact. With 296,759 active businesses employing around 4.66 million workers as of late 2025, the city recognizes that sheer quantity does not guarantee a robust corporate structure. The focus now shifts towards identifying and nurturing leading enterprises that can master technology, improve corporate governance, and improve international competitiveness.
The city aims to create a balanced corporate ecosystem with a mix of small and medium-sized enterprises, dynamic startups, and large-scale companies that can collectively drive growth and innovation. The key challenge lies in converting scale into productivity, technological capability, advanced governance, and a stronger position within value chains.
Brief written by urgent.news from SGGP English Edition Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
