Vietnamese Entrepreneur’s Day Date in the current year: October 13, 2024

Since the reunification of North and South Vietnam in 1976, the economy of Vietnam has been controlled by the state. During the first decade after the reunification, Vietnam experienced a sharp economic deterioration. As a result, the Communist Party of Vietnam launched the transition from a centralized, communist economy to a socialist-oriented market economy.

In 1990, the National Assembly of Vietnam adopted the laws on private businesses based on French legislation. The establishment of private businesses (including foreign-owned enterprises) and the privatization of some state enterprise has helped boost Vietnam’s economy. Throughout the 1990s, more than 30,000 private businesses were created, and poverty was nearly halved. In 2003, the private sector accounted for more than 25% of all industrial output.

Vietnamese Entrepreneur’s Day was established to emphasize the accomplishments of Vietnamese entrepreneurs and their contribution to the economic development. It is marked throughout the country. Celebrations include presenting special awards to prominent entrepreneurs, as well as conferences and other events.