FPT suggests privately-owned corporations to resolve network congestion on HoSE

“Ambition shouldn’t just be on paper, it should be put in the hands of corporations, of the people. Our government should have faith in the corporate community, be its godmother, and enable corporations to prosper” – shared Mr. Trương Gia Bình, Chairman of FPT Corporation, on the evening of 6/3 while attending the "Conversation No. 2045” hosted by Prime Minister Nguyen Xuan Phuc.

The event took place with the participation of over 50 corporations, outstanding members of the intellectual community, and the leadership of several different departments. 

In order to generate a miraculous economic growth between now and 2045, many have been advocating for the increased importance of private-owned businesses, so as to serve as a strong catalyst for growth. The Chairman of FPT Corp., Mr. Truong Gia Binh, affirmed the need for a lot of faith in the Government by the people, and faith in the people by the Government. The Government dictates policies and takes care of grander plans, while the smaller specific tasks should be left in the hands of corporations. We would only ask that the Government have faith in the corporate community, be its godmother, and provide supportive conditions for every idea.

Mr. Truong Gia Binh Chairman of FPT Corp. implores the government to allow privately-owned corporations to participate in resolving HoSE’s network congestion

At the same event, Mr. Trương Gia Bình also implored the government and Prime Minister to allow privately-owned corporations to take part in the troubleshooting of the Vietnamese stock market’s current hang ups.

One of the current “jams” that urgently needed resolving in order for the stock market to gain traction is transactional congestion. According to the plan proposed by the State Securities Commission of Vietnam, within the first quarter of 2021, a new system will enter testing with the HoSE platform, and may take until the end of the year to see official wide-scale implementation. Unfortunately, the stock market boom of the past few years has been and is creating a demand for a more timely introduction and implementation of technological systems.

As a response to this request by Mr. Binh, Prime Minister Nguyen Xuan Phuc assured that, when the HCMC stock market encountered errors, he had proposed the relevant departments to immediately begin using the solutions brought forth by FPT, in order to quickly troubleshoot without having to touch upon the operational budget.

Regarding this matter, the representatives of several corporations also believed that resolving HoSE’s technological issues may cost tens of billions of VND, but it would be better if corporates and business owners can join hands to find a solution. The government affirms its faith in private businesses, and proposes that they expand, in order to help forming national brands and identities, as well as international, while also boosting the growth of small-to-medium scale corporations...

"Conversation No. 2045” – a conference between the Prime Minister and business leaders and outstanding members of the intellectual community on the evening of 6/3, has attracted several opinions from the elite society

According to the reports of the Ministry of Planning and Investment, the income of privately-owned businesses comprised 42% of the national GDP by the end of 2019, and contributed 30% to the national budget. Even more importantly, the private sector had also generated 85% of the total job opportunities. Based on projections, this will rise to 60% of the national GDP by 2030. Because of this, privately-owned businesses and corporations will be undertaking a very important mission and shouldering heavy responsibilities in reaching the goal of economic boom in the years of 2030 and 2045.

“Conversation No. 2045” demonstrates an admirable level of patriotism of the people, of corporations, and of the intellectual community regarding the growth of this nation; a powerful desire to change, overcome adversities and challenges, in order to improve the country day by day, and bringing about prosperity and happiness for the people. The event not only builds unity and faith, but also confidence, wisdom, patriotism, and a love for labor and creativity.