Chairman of TTC Group, Mr. Dang Van Thanh, said that with the spirit of Resolution 68-NQ/TW (Resolution 68), the private sector will have more favorable conditions to implement and realize the wishes and ambitions of Vietnam, which is on the path of "rising", building a rich and powerful country in the coming time.
Chairman of TTC Group Dang Van Thanh.
Resolution 68 is considered the “key” to open the way for domestic enterprises to deeply integrate with the world economy. As the head of a multi-industry economic group, how do you evaluate the groups of tasks, solutions and specific assignments from the Central to the local level to bring the resolution's content into life?
The market is entering a new “race”, when the 5-year development strategy (2020 - 2025) is about to end. Resolution 68 was born at this time, with special significance, as a turning point for the management thinking and development orientation of the private sector.
This is a delicate decision, demonstrating the strategic vision of the Party and State when issued in the context of a volatile global economy, requiring rapid development but still ensuring sustainability. The appearance of Resolution 68 not only encourages the spirit of private enterprises, but also creates a clear legal corridor, helping them confidently participate more deeply in global value chains, increasing international competitiveness.
"If we want a strong country, first of all, businesses must be strong, and strong businesses are thanks to culture, ethics and a sense of responsibility." - Mr. Dang Van Thanh, Chairman of TTC Group
For us - a group operating in many fields such as agriculture, energy, civil real estate, industrial real estate, tourism and education, Resolution 68 is truly a great source of motivation, helping TTC have a basis to orient its development strategy for the period 2026 - 2030, in line with the trend of green economy, circular economy and digital transformation that the Government is promoting.
More importantly, Resolution 68 has shown the Government's special attention to the private economic sector, establishing its role as an important driving force for the national economy.
Although Resolution 68 was "paved the way", in your opinion, what factors need to converge for the private sector to develop sustainably?
Resolution 68 not only mentions the mechanism, but also emphasizes business ethics, entrepreneurial spirit and social responsibility. Enterprises cannot develop sustainably if they only care about profits but lack cultural factors and responsibility to the community. To develop long-term, private enterprises must build a team of entrepreneurs with ethics, culture, honesty, integrity, and know how to put national interests above local interests. At the same time, it is necessary to aim for international standards in evaluating operational efficiency, including compliance with the law, job creation, budget contributions and participation in social security.
This is also the development philosophy that TTC has always adhered to throughout 46 years of establishment and development. We not only focus on profits, but also on human and community factors, considering it the foundation for building a sustainable brand.
In fact, for private enterprises to develop strongly, the State also needs to continue to improve the synchronous infrastructure system, from transportation, energy, logistics, to education and healthcare. A sustainable economy cannot be separated from a civilized society with high education. Therefore, TTC is investing in a pilot bilingual education model at the primary level at TTC's inter-level schools in Lam Dong and Dong Nai at a reasonable cost, both complying with the regulations of the Ministry of Education and Training and meeting the actual needs of local people. That is also how we concretize the social responsibility of the enterprise.
How do you see Vietnam's economic prospects next year and the next five years, when the Government sets a high growth target and has high expectations for the private sector?
Vietnam's economy is on a positive growth path, especially in the last quarters of the year. I believe that the double-digit GDP growth target is feasible if we have a clear and synchronous action strategy from the Central Government to enterprises.
Currently, Vietnam's demand for investment in infrastructure, energy and digital technology is still very large. The Government is showing great determination in promoting institutional reform, unlocking private resources, along with the increasingly deep participation of domestic and foreign corporations. Vietnam has the advantage of being a "latecomer", with a lot of room to grow, so it can take advantage of global technological achievements to shorten the development gap.
If we seriously implement the resolutions and strategies that have been set out, I believe that Vietnam can completely "become a dragon" in the next decade, with a dynamic, creative and highly competitive economy in the region.
What are TTC's goals for the period 2026 - 2030 in key business areas?
In the energy sector, the approved revised Power Plan VIII will be an opportunity for TTC's energy sector in the period 2026 - 2030. We will accelerate the development of ongoing projects and promote mergers and acquisitions (M&A) of potential projects, research and develop new forms of energy such as waste-to-energy, biomass, hydrogen, investment cooperation, joint ventures/bidding to expand and develop the industry's renewable energy portfolio, aiming to increase the total capacity to 1,500 MW. We want to contribute to the Government's realization of the commitment to net zero emissions by 2050.
In real estate, TTC Land will continue its M&A strategy both inside and outside the Group, to increase scale and operational efficiency.
In the industrial real estate sector, we continue to maintain positive growth momentum and have stable revenue from infrastructure services, and plan to expand Thanh Thanh Cong Industrial Park by another 500 hectares, increasing the total scale to 1,520 hectares. In the agricultural sector, we continue to pioneer in the field of high-tech agriculture, focusing on developing a circular economy, aiming for the Net Zero goal by 2035. As for tourism, although it has not fully recovered after the Covid-19 pandemic, we believe that the number of international visitors, especially Russian and Chinese visitors, is gradually returning. TTC expects 2026 to be the time for a strong "take-off" of the above business pillars.
TTC is one of the pioneering enterprises applying green criteria. Can you share more about this orientation in the coming time?
"Green" is now not only a story about the environment, but also a compass for all development activities. Visible “green” is landscape, clean energy, emission reduction, and invisible “green” is ethics, culture and responsibility.
To have a green society, green finance or green earth, we must first start with the green internal of the enterprise, that is, the thinking, value system and organizational culture. If the internal is not green, all external development models are just formalities. TTC always takes that as the focus in its management strategy.
Sustainable development requires a transparent and professional management system. If we only develop “hotly”, not based on a good management foundation, the consequences will be very serious. Therefore, we pay special attention to perfecting the system of regulatory documents - the corridor for effective management, control and operation. If the regulatory documents are no longer suitable or cause obstacles, we are ready to propose adjustments to adapt.
More importantly, not only leaders, but all staff must be imbued with the spirit of sustainable development, turning that thinking into concrete daily actions, from internal management to serving customers and the community.
As someone who has many years of "fighting" in the marketplace, what advice do you have for the young generation of entrepreneurs on the occasion of the anniversary of Vietnam Entrepreneurs' Day?
Compared to our time, the current team of young entrepreneurs has more advantages in knowledge, technology, legal environment and access to capital. But at the same time, they also have to face a more fiercely competitive environment and a faster pace of change.
Therefore, each young entrepreneur needs to "digitalize themselves", which means knowing how to manage time, clearly quantify work, what to complete on which day, what goals to achieve on which week. Most importantly, there must be a plan for the next step after each step forward.
To build a national brand, you must first build a personal brand, a product brand, and a business brand. Don't be self-conscious, don't be afraid of failure, just do your best at your job. There is no such thing as big or small work, only good or bad work!
Young entrepreneurs need to prepare themselves with new awareness, new thinking, new models, suitable for objective conditions and global digital transformation trends. When Vietnamese businesses know how to adapt, self-evaluate and apply technology synchronously, we will have the internal strength to reach out to the world.
According to Investment Newspaper