Deputy Prime Minister: "Only when the State commits will businesses dare to make large investments"

(Dan Tri) - According to Deputy Prime Minister Tran Hong Ha, the State needs to "order" unprecedented products and technologies to create a breakthrough in domestic production capacity.

This requirement was emphasized by Deputy Prime Minister Tran Hong Ha when speaking at a meeting on the status of drafting a Decree regulating the selection of Vietnamese organizations and enterprises assigned to and ordering the provision of railway industrial goods and services, on October 16.

The draft Decree aims to establish a legal mechanism to gradually form core enterprises to create a premise for the domestic railway industry to develop, form a supply chain for manufacturing railway industrial products and goods; gradually master technology, aiming to create railway industrial products that achieve national brands.

Deputy Prime Minister Tran Hong Ha chaired the meeting (Photo: Minh Khoi).

Deputy Prime Minister Tran Hong Ha said that if the market is left to operate on its own, individual investors will not be able to form large enough enterprises, while investment in the railway industry requires huge resources.

According to the Deputy Prime Minister, for businesses to develop sustainably, there must be a centralized mechanism and strong enough policies directed by the State to create markets and form basic industries.

"When the State commits, businesses will dare to make large investments," the Deputy Prime Minister affirmed, adding that there must be outstanding policies on land, taxes, research, technology acquisition and transfer.

Citing China's experience with dozens of large enterprises and thousands of supporting enterprises, the Deputy Prime Minister said that the State needs to proactively shape and place orders with capable enterprises, develop a system for manufacturing components and details in the production chain, thereby forming a supporting industry for the Vietnamese railway industry.

At the meeting, representatives of several ministries and sectors said that the establishment of an ordering mechanism in the development of the railway industry must be considered as placing trust in new, unprecedented fields. Therefore, it is necessary to clearly define who has the right to place orders to avoid dispersion and overlap in implementation.

In particular, it is necessary to study the model of a "general engineer" with sufficient authority and capacity to coordinate, connect and supervise the implementation, ensuring synchronization among participating entities.

Deputy Prime Minister Tran Hong Ha emphasized that the ultimate goal is to form an independent, self-reliant railway industry with the capacity to master the value chain and core technology.

According to Deputy Prime Minister Tran Hong Ha, only when the State commits will businesses dare to make large investments (Photo: Minh Khoi).

The Deputy Prime Minister requested to clearly define the product portfolio and core value chain, not spread out, focusing on key areas of the railway industry.

He also emphasized the priority of developing high-speed railways, because mastering this field will automatically master the lower sub-sectors.

“The State needs to order unprecedented products and technologies to create a breakthrough in domestic production capacity,” the Deputy Prime Minister emphasized.

Meanwhile, participating enterprises must have a clear technology transfer plan, commit to gradually increasing the localization rate, have a research institute, a team of engineers, design and manufacturing capacity and meet international technical standards and regulations...

According to the Deputy Prime Minister, the State needs to commit to a stable consumption market for ordered products; have outstanding preferential policies to support businesses in research, technology transfer, human resource training, research institute development, etc. At the same time, establish an appraisal council, select businesses, publish a list and clear criteria, ensure transparency, and strict legality in assigning tasks.

Regarding the ordering mechanism, the Deputy Prime Minister affirmed that the ordering entity is the State, not the locality or individual investor. However, this is a new, complicated and unprecedented issue, so it is necessary to limit the scope of application, focusing only on a number of industries that do not have it yet to avoid spreading.

Source: https://dantri.com.vn/thoi-su/pho-thu-tuong-nha-nuoc-cam-ket-doanh-nghiep-moi-dam-dau-tu-lon-20251016180723924.htm