Entrepreneurs to fuel development

Vietnam Investment Review, September, 2003 by Quang Huy

IF VIETNAM wants to double GDP by the year 2010 and lay the foundations for sustainable development of the private sector, it must inspire entrepreneurship among its people, according to the managing director of the Vietnam Productivity Centre, Nguyen Bich Hang.

"The irreversible pace of global economic integration is bringing both opportunities and challenges to businesses. Now more than ever entrepreneurship should be considered as key to the economic development of the country," Hang said.

As Vietnam becomes more integrated into international economic systems and competition from foreign rivals grows, "Vietnam's entrepreneurs don't have time to wait for help and incentives from the government. [The government] must quickly apply appropriate models to...