What does Lam Dong private economy expect from Resolution 68?

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Transparency of land information

In Lam Dong, there are currently more than 23,800 private enterprises operating in many fields. After the Central Executive Committee of the Party issued Resolution 68, the business sector in these fields expects to have many "boosts" for development in both quantity and scale of operations. One of the fields that private enterprises expect to have many changes is the land sector. In fact, land is a vital factor for production and investment activities. However, in recent times, many private enterprises in Lam Dong have still had difficulty accessing clean land and land suitable for planning to develop projects.

Nghiep Xuan Import-Export Trading Company Limited, Bac Gia Nghia Ward is an example. Since 2017, the company has built 3 factories, but has not yet applied for land use conversion procedures. Therefore, construction costs cannot be included in business expenses. Without collateral, the company cannot borrow capital. “We have plans to expand the factory and build a deep processing area, but the land is scattered and the procedures for land use conversion are very complicated. Small businesses find it even more difficult to compete in this matter,” said Ms. Lau Kieu Van, Director of Nghiep Xuan Company.

Similarly, An Phat Trading and Service Company Limited, Dong Gia Nghia Ward, is in need of expanding its factory to meet large orders. However, the land fund of the unit is currently too cramped, so the enterprise hopes to have the opportunity to access preferential land funds to develop production.

Through research, one of the biggest difficulties for businesses is the lack of clean land. The procedures related to land leasing and allocation are still cumbersome and have many levels. Therefore, Resolution 68 institutionalizes policies on supporting private enterprises; including policies on access to land and production premises, which is a very correct and timely step. Resolution 68 emphasizes appropriate mechanisms and policies to control land price fluctuations, especially land prices for production, business, and non- agricultural purposes, minimizing impacts on investment and production plans of businesses.

Improve access to capital

In addition to land, credit capital is a key factor for enterprises. However, access to capital for production and business activities of Lam Dong enterprises is still limited. Loose regulations, helping to improve access to capital for enterprises is an issue of concern for many enterprises. Dak Nong Clean Agriculture Joint Stock Company, Bac Gia Nghia Ward, is gradually affirming its "name" in the agricultural sector. Enterprises borrow capital from many banks, but at some points still lack investment resources.

Ms. Bui Thi Khanh Hoa - Director of Dak Nong Clean Agriculture Joint Stock Company said: "The company is currently investing in many agricultural projects at the same time, with large capital sources. Meanwhile, capital recovery is not timely, so at some times the business faces cash flow difficulties."

Resolution 68 emphasizes the promotion and diversification of capital sources for the private economy. Financial and credit institutions lend based on the assessment of production and business methods, data, and cash flow. Resolution 68 proposes a group of solutions to improve access to capital. In particular, many practical solutions have been issued such as: reviewing and perfecting credit mechanisms and policies for the private economy; reviewing and perfecting the legal framework, perfecting the model of credit guarantee funds for small enterprises, loosening the conditions for granting guarantees compared to the conditions for bank loans... It can be said that the above contents, if implemented synchronously, will "pave the way" for enterprises to borrow investment capital. “This is a practical change, because most small and medium-sized private enterprises lack collateral but have flexible operations and stable cash flow. Removing credit bottlenecks is a key factor to increase business potential,” said Mr. Nguyen Van Quy, Director of Huong Que Coffee Import-Export Company Limited, Duc Lap Commune.

Investment policy for technology

As soon as Resolution 68 was issued, the Lam Dong business community was excited and expected that this would be the driving force for technology enterprises to make a breakthrough. HNH Engineering and Technology Company Limited is a technology enterprise located in Kien Duc commune. The enterprise is directly manufacturing and supplying water purifiers and alkaline ionized drinking water to the market. Every year, the enterprise upgrades equipment towards automation and invests in science - technology, research and production.

According to Ms. Tran Thi Thanh Huyen - Director of HNH Engineering and Technology Company Limited, currently, enterprises are having to proactively finance 100% of technology investment and digital transformation. This is creating great financial pressure for enterprises. However, Resolution 68 is opening up policies to support investment costs for purchasing machinery, technological innovation, and digital transformation costs... for technology enterprises. "We expect that when the resolution is realized, enterprises will be supported to modernize production lines, apply technology to production, and increase competitiveness," Ms. Huyen shared.

According to Lam Dong Department of Science and Technology, Resolution 68 of the Politburo marks an important turning point in the development orientation for technology enterprises. Specifically, in the field of science - technology, innovation, the resolution clearly states the issuance of a legal framework for controlled testing of new technologies, products, services, and new business models. At the same time, it creates a favorable environment for private enterprises to participate in research and application of artificial intelligence, blockchain, big data, e-commerce, financial technology, smart healthcare, etc. Resolution 68 sets the goal that by 2030, Vietnam's level, technological capacity, innovation, and digital transformation will be among the top 3 countries in ASEAN and the top 5 countries in Asia. In particular, priority is given to promoting science - technology, innovation, digital transformation, green transformation, effective and sustainable business.

Lam Dong aims to have 25,000 enterprises by 2025 and over 35,000 enterprises by 2030. Of these, over 10% of the total number of enterprises will be strong and have potential. Enterprises are competitive in the domestic and international markets.

Lam Dong aims to have 25,000 enterprises by 2025 and over 35,000 enterprises by 2030. Of these, over 10% of the total number of enterprises will develop strongly and have potential. Enterprises are competitive in the domestic and international markets.

Source: https://baolamdong.vn/kinh-te-tu-nhan-lam-dong-ky-vong-gi-tu-nghi-quyet-68-386607.html

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