Resolution 68: Institutional turning point like 'contract 10' for private economy

Quickly remove difficulties in cutting administrative procedures

On the afternoon of May 15, delegates discussed in groups the draft Resolution of the National Assembly on mechanisms and policies for private economic development.

Delegate Dinh Ngoc Minh (Ca Mau Delegation) said that the business community and society highly appreciate Resolution 68, considering it an institutional turning point similar to "contract 10" in agriculture .

Delegate Dinh Ngoc Minh ( Ca Mau Delegation)

" If Resolution 68 is effectively implemented, it will create a strong wave of investment, creating great material wealth for the country " - delegate Dinh Ngoc Minh emphasized.

According to Mr. Minh, although many legal support contents for businesses have been included in the draft Resolution, according to businesses' assessment, there is still a lack of important reforms, especially regarding administrative procedures.

“Resolution 68 clearly states the goal of “cutting at least 30% of administrative procedure processing time, at least 30% of legal compliance costs, and at least 30% of business conditions,” but the draft Resolution does not have any specific regulations on this reduction,” said Mr. Minh.

The delegate emphasized: “In organizing implementation, the draft Resolution assigns the Government to cut administrative procedures in 2025. However, I affirm that the Government cannot cut administrative procedures prescribed in the law, but only has the authority to cut procedures issued by itself such as Decrees, Circulars…”.

He cited that the National Assembly is currently considering the draft Law on Technical Standards and Regulations, which still maintains the provision that "a declaration of conformity must be included". While all products manufactured by enterprises brought to the market must comply with standards and regulations, because of "a declaration of conformity", they must also support additional testing units to issue declarations of conformity.

“ According to preliminary calculations, we lose about 1 billion USD/year for conformity declaration. This shows that if we do not cut down procedures right in the law-making process, it will be very difficult to cut them, ” said Mr. Minh.

In addition, delegates also proposed reviewing technical regulations to eliminate unnecessary control steps. For example, projects that do not generate hazardous waste only need to apply technical standards and regulations, and should not be required to prepare an environmental impact assessment (EIA) report. Group C projects that are small in scale but generate hazardous waste must be strictly inspected based on actual risks, and should not be rigidly classified into groups A, B, and C.

Need to expand land subleasing mechanism

Delegate Nguyen Thanh Trung (Yen Bai Delegation) proposed expanding the mechanism for subleasing land in industrial parks/clusters, regardless of whether or not there is investment capital support from the State.

He said that according to the draft regulations (Clause 5, Article 7), newly established industrial parks and industrial clusters, after a period of 2 years, if there is no high-tech enterprise in the private economic sector, small and medium enterprises, or creative startups renting or sub-renting, the investor in the infrastructure business of the industrial park or industrial cluster has the right to rent or sub-rent to other enterprises.

Delegate Nguyen Thanh Trung (Yen Bai Delegation)

Meanwhile, according to Clause 4, Article 7, investors with State support must still retain at least 20 hectares or 5% of the area for high-tech enterprises without any enterprises renting. This can cause a great waste of land resources.

Therefore, he proposed that the mechanism for re-leasing land that has not been leased by high-tech enterprises should be applied to all industrial zones and clusters that use the state budget for infrastructure investment.

Commenting on Article 8 regulating support for renting houses and land that are public assets, delegate Dang Ngoc Huy (Quang Ngai Delegation) pointed out the practical difficulties when localities want to convert public headquarters into public housing in the context of merging provinces but there is no guidance from the Ministry of Finance.

Delegate Dang Ngoc Huy (Quang Ngai Delegation)

Therefore, the delegate said that the regulation in Article 8 on leasing public houses and land to enterprises is extremely difficult and unfeasible.

Delegates suggested that there should be more specific, flexible and practical regulations on the use of headquarters, premises and public assets, to avoid the situation of "writing on paper but not being able to implement", especially for private enterprises.

Delegate Tran Cong Phan (Binh Duong Delegation)

Meanwhile, delegate Tran Cong Phan (Binh Duong Delegation) was concerned about the equality between types of enterprises. If the draft resolution only prioritizes reducing inspections and examinations for the private sector, it will create a “reverse injustice mentality” among economic sectors.

Regarding Article 5 regarding handling violations, he suggested that it should be reviewed to ensure consistency with current laws. The provision that “it is okay not to prosecute criminally” is ambiguous, there cannot be a violation of the law but “it is okay to be guilty or not guilty”. In addition, it is necessary to clarify the statute of limitations and retroactive effect in handling so as not to negate the provisions of current laws.

Tax Reform: Transparent, but Needs Support

Another content that many delegates are interested in is the regulation that does not apply the lump-sum tax method to business households and business individuals from July 1, 2026, according to Clause 6, Article 10 of the Draft Resolution. Delegate Tran Quoc Tuan (Tra Vinh) said that this regulation will contribute to increasing fairness and transparency in tax payment, ensuring that business households pay taxes correctly on actual income.

Delegate Tran Quoc Tuan (Tra Vinh delegation). Photo: DN

However, he also warned that this change will create a series of new problems if there is no careful preparation. “ Business households will have to carry out more complicated procedures, have accounting, bookkeeping and tax declaration skills, which not everyone is ready or qualified for, ” Mr. Tuan analyzed.

Therefore, he proposed that there should be specific support solutions, such as training, detailed and transparent guidance on tax procedures, and at the same time promoting the application of information technology so that both business households and tax authorities can easily operate and inspect. In particular, it is necessary to deploy non-cash payment solutions for more convenience and effective control.

In addition, delegates also focused on giving opinions on the following contents: Position and functions of Vietnamese forces participating in United Nations peacekeeping activities; State policies; State management of participation in United Nations peacekeeping activities; Vietnamese forces participating in United Nations peacekeeping activities; authority, procedures for appointing, adjusting, extending working terms, withdrawing armed forces and civilian forces , etc.

Thu Huong

Source: https://congthuong.vn/nghi-quyet-68-buoc-ngoat-the-che-nhu-khoan-10-cho-kinh-te-tu-nhan-387798.html