After attending the national conference to disseminate and implement Resolution 68 of the Politburo on private economic development, Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association (HoREA) - shared some thoughts and feelings, stating that over the years, private enterprises have had 3 fears.
The first is the fear of the "matrix" of cumbersome, complicated, and lengthy administrative procedures, especially real estate businesses taking 3-5 years or longer to complete the procedures.
Second, there is the fear of being inspected and cross-checked many times. He cited the case of Le Thanh Company in Ho Chi Minh City, which used its own money to buy land for a social housing project, without using budget capital, and without receiving preferential credit. However, for 3 consecutive years, this company was audited by the State Audit with the view that it was a private enterprise using land, and land is public property, so it is subject to audit.
Third is the fear of being caught up in criminal law during the process of doing business.
Now, Resolution 68 of the Politburo on private economic development has resolved the above three fears, opening a new era and open space for the private economy to develop, becoming the most important driving force of the national economy . Mr. Chau expects that in the next 10-15 years, many "eagle and crane" private economic groups will be formed.
Mr. Le Hoang Chau (Photo: VGP/Nhat Bac).
Although he was happy, Mr. Chau suggested that there should be a mechanism to implement the direction of General Secretary To Lam when working with the Central Strategic Policy Committee on February 24.
Mr. Chau also proposed that private enterprises wish to institutionalize Resolution 68 of the Politburo into Resolutions of the National Assembly and the Government with a number of specific and special policy mechanisms, creating a transparent and fair investment and business environment.
Along with that is the revolution in the arrangement of the State apparatus, merging many provinces and centrally-run cities, building a 2-level local government model, completely shifting from a management government to a government serving the people and businesses, and deciding to establish a Central Steering Committee on radical reform of the legal system headed by General Secretary To Lam.
Also giving his opinion, Mr. Vu Van Tien - Chairman of the Board of Directors of Geleximco Group - said that Resolution 68 is a comprehensive revolution, liberating the private economic sector. Private enterprises are like droughts meeting showers, having been tied down for many years but now they are liberated.
Making recommendations, Mr. Tien proposed assigning an independent agency to evaluate the compliance, execution, and implementation of the resolution by ministries, agencies, and localities; and at the same time receive feedback from people and businesses during the implementation process.
Or Mr. Vuong Quoc Toan - Chairman of Lan Hung Real Estate Group Joint Stock Company (specializing in social housing) - said that in reality, many small and medium enterprises still have difficulty accessing land and capital. According to him, industrial parks only lease land from 1 hectare or more, corresponding to a rent of about 30 billion VND. However, small and medium enterprises cannot have enough resources.
Therefore, he proposed that localities open industrial parks with proper planning and full infrastructure for small and medium-sized enterprises to rent from 1,000m2 to 5,000m2 of land. In addition, he also mentioned difficulties in capital, small and medium-sized enterprises need support for production and business.
Sharing the above concerns, the Prime Minister said that Resolution 68 clearly stated the need to reserve at least 20 hectares/industrial park or cluster or 5% of the total land fund invested in infrastructure for lease to high-tech enterprises, small and medium enterprises, and innovative startups.
At the same time, the resolution also thoroughly promotes and diversifies capital sources, in which priority is given to a part of commercial credit sources for private enterprises, especially small and medium enterprises, supporting industry enterprises, creative startups, etc.
The Prime Minister reiterated that the resolutions and plans of the National Assembly and the Government already have these contents. The Government will issue a Decree to further specify land access, and at the same time, the Governor of the State Bank will issue a circular on capital sources.
Source: https://dantri.com.vn/kinh-doanh/3-noi-so-cua-doanh-nghiep-tu-nhan-va-mong-muon-tu-nghi-quyet-68-20250519085430598.htm
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