Double-Digit Growth and Investment Drive from Vietnam's Private Sector
Leading private companies in Vietnam such as THACO, Hoa Phat, and Deo Ca are strongly supporting the country's economic development goals through digitalization, infrastructure projects, and long-term investments.
As Vietnam enters a new phase of development in pursuit of double-digit economic growth, the country's leading private enterprises continue to be the primary driving force of development through strategic investments and infrastructure projects.
The Role of the Private Sector in the Economy
As the Vietnamese economy enters a new era with the determination to achieve double-digit growth, the private sector continues to play its role as the main driving force in the country's development. Long-term strategies and digitalization steps enable companies to create new opportunities.
THACO's Growth Targets
Tran Ba Duong, Chairman of the Board of Directors of Truong Hai Group, stated that 2026 is a period of accelerated growth following comprehensive restructuring. The company aims to grow in the automotive, agriculture, and logistics sectors.
Operating with an expanded industrial conglomerate model, THACO aims to achieve a consolidated revenue of approximately 180,000 billion VND by 2027 and increase its workforce to over 100,000 people.
Hoa Phat Group's Projects
Nguyen Viet Thang, General Director of Hoa Phat Group, emphasized that the private economy holds an equal position with other sectors. The company targets an average annual growth of 15 percent for the 2026-2031 period.
Accelerating the progress of the Dung Quat Railway Rail and Special Steel Production Facility project, the company plans to supply rails for infrastructure projects starting from the second quarter of 2027.
Transportation and Public-Private Partnership
Ho Minh Hoang, Chairman of Deo Ca Group, pointed out the critical importance of private sector participation and public-private partnerships in the transportation sector. The effective mobilization of private resources alleviates the burden on the state budget.