What does Lam Dong private economy expect from Resolution 68?

fruit shape — Lam Dong enterprises introduce competitive products at seminars inside and outside the province.

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 "pushes" 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. From 2017 to now, the unit has built 3 factories, but has not yet applied for land use conversion procedures. Therefore, construction costs cannot be accounted for in business expenses. Without collateral, the enterprise cannot borrow capital. "We have a plan to expand the factory, build a deep processing area, but the land is scattered, the procedures for converting land use are very complicated. Small enterprises find it even more difficult to compete in this issue," 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 fund to develop production.

Through research, one of the biggest difficulties of enterprises 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 the impact on investment and production plans of enterprises.

Improve access to capital

In addition to the land sector, credit capital is a key factor for enterprises. However, access to capital for production and business activities of Lam Dong enterprises still has limitations. 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 times 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 promoting and diversifying 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 bank loan conditions... 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 the ability to operate flexibly and have stable cash flow. Removing credit bottlenecks is a key factor to increase the potential of enterprises,” Mr. Nguyen Van Quy - Director of Huong Que Coffee Import-Export Company Limited, Duc Lap Commune, expected.

Investment policy for technology

As soon as Resolution 68 was issued, the Lam Dong business community was excited and expected that this would be a 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 producing 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 Co., Ltd., 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, technology 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, 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 will be 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 enterprises will be strong and have potential. These 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