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Vu Tien Loc
Vu Tien Loc (born in 1960) is a Vietnamese politician with a PhD in Economics. He is one of the longest serving members of Vietnam’s Assembly. He was member of the 11th, 12th, 13th, and now 14th National Assembly. He was a member of the 11th National Assembly’s Committee on Finance and Budget Affairs. He is a member of the 12th, the 13th and the 14th National Assembly’s Economic Committee. Vu Tien Loc serves as chairperson and president of the Vietnam Chamber of Commerce and Industry (VCCI), a member of the presidium of the Vietnam Fatherland Front (VFF) Central Committee, vice chairperson of the National Council on Sustainable Development and Competitiveness Improvement, vice chairperson of the Prime Minister’s Advisory Council for Administrative Procedures Reform and chairperson of the Vietnam Committee on Public Private Partnership. Vu Tien Loc also serves as chairperson of the Central Council of the Vietnamese Business Associations, chairperson of Vietnam Business Forum Consortium, chairperson of Vietnam Business Council for Sustainable Development. Vu Tien Loc was chairperson of APEC CEO Summits in 2006 and 2017, was co-chairperson of APEC’s Business Advisory Council in 2018, and is chairperson of Vietnam’s APEC Business Advisory Council (ABAC Vietnam). Vu Tien Loc is chairperson of the Steering Committee of the Provincial Competitiveness Index Programme (PCI), and chairperson of the Steering Committee of the National Start up Programme.

Vu Tien Loc was born on Jan 1, 1960, in Thuy Phong Commune, Thai Thuy District, Thai Binh Province. He has a PhD in economics, holding teaching positions at the National Economics University in Hanoi, National University in Hanoi, and a number of universities inside and outside Vietnam.

As a politician and chairperson of VCCI since 2004, Vu Tien Loc is known to have made a long-lasting legacy in the development of this important community. Together with the business associations, he proposed to the Prime Minister of Vietnam to designate October 13th as Entrepreneur Day in Vietnam. He has conducted research and actively disseminated Ho Chi Minh Thought to businesses and entrepreneurs. He was first to coin the phrase “Entrepreneurs – Soldiers in Peace Time” and establish the Thanh Giong Award to honour outstanding entrepreneurs in Vietnam. He was the principal editor of the proposal submitted to the Politbureau of the Communist Party of Vietnam for issuance of the resolution on development and promotion of the role of Vietnamese entrepreneurs in the industrialised and modernised time. In 2013 Vu Tien Loc proposed to – and convinced – the National Assembly that business and entrepreneurship be recognised in the Constitution of Vietnam, in addition to workers, farmers and intellectuals.

VCCI under Vu Tien Loc’s leadership has contributed to the impactful changes in business development, business and investment environment in Vietnam. He is the team leader of the national research study on enhancing Vietnam’s economy competitiveness. He guides the implementation of the programmes to support small and medium enterprises and the first start up programme in Vietnam. He guides the development of business associations and employers’ organisations in Vietnam. He directs the research for and announces the Provincial Competitiveness Index (PCI), creating momentum for provincial reform and economic governance. He directs the research and announces the Corporate Sustainability Index to strengthen corporate competitiveness. He chairs policy dialogues between the government and businesses, major business summits in Vietnam and overseas which are participated by heads of states, heads of governments, and leading CEOs. He served as Chair of APEC CEO Summit in 2006 and 2017. Vu Tien Loc is a regular promoter of entrepreneurial spirit and responsible businesses.

Vu Tien Loc actively participates in national trade and investment promotion events, contributing to facilitating many foreign direct investment projects to Vietnam, and promoting Vietnam’s exports, enabling global integration by Vietnamese businesses and business associations. He’s the founder and chair of the annual Vietnam Business Summit (VBS). He’s co-chairperson of the National Conference on Sustainable Development in Vietnam. In 2008, VCCI received the Order of Ho Chi Minh. In 2014, VCCI received the Labour Order of the first category for VCCI’s outstanding achievements. In the National Entrepreneur Congress on March 28th, 2015, with the participation of President of Vietnam Truong Tan Sang and President of Central Committee of the Fatherland Front Nguyen Thien Nhan, Vu Tien Loc was reelected as Chairperson of VCCI of the term 2015-2020. Member of the 11th, 12th, 13th, and 14th National Assembly (2002-2021)